The global medical device vigilance market is estimated to grow significantly, at a CAGR of 8.7%, during the forecast period. Medical device vigilance assists in improving the protection of healthcare professionals, safety and health of patients, and other end-users of medical devices by reducing the chances of reoccurrence of incidents associated with the use of medical devices. The global medical device vigilance market is primarily driven by the rise in the number of reporting for the adverse events of medical devices coupled with the government initiatives to cater to these events, including raising public awareness.
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The other important factor that is expected to propel the market growth in the near future includes the rules and regulations posted by the government authorities on the safety of patients and to the manufacturers for the safe development of medical devices. However, the lack of attention given by the manufacturing companies towards ensuring product safety and efficiency can be counted as one of the major factors that may hinder the global market growth.
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Global Medical Device Vigilance Market Segmentation
By Delivery Mode
On-Demand
On-Premise
By End-User
Contract Research Organizations (CROs)
Business Process Outsourcing (BPO)
Original Equipment Manufacturers (OEM)
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
AB CUBE
AssurX, Inc.
Arena Solutions, Inc.
EXTEDO GmbH
Freyr Inc.
Greenlight Guru
Jama Software Inc.
LexisNexis, a division of RELX Inc.
MasterControl Inc.
Oracle Corp.
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