Global Medical Devices Vigilance Market Size study, by Delivery Mode, by Application, by End-user (Clinical Research Organizations, Original Equipment Manufacturers, Business Process Outsourcing ) and Regional Forecasts 2022-2032

Description

Global Medical Devices Vigilance Market is valued at approximately USD 52.8 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.23% over the forecast period 2024-2032. Medical devices vigilance involves the systematic monitoring, evaluation, and improvement of medical devices' safety and performance. This process ensures the prompt identification, reporting, and analysis of adverse events and product issues, which helps mitigate risks to patients and users by facilitating timely corrective actions and regulatory measures. Through continuous surveillance and feedback mechanisms, medical device vigilance aims to maintain high standards of safety, efficacy, and quality in healthcare, thereby protecting public health and enhancing patient outcomes.

The Global Medical Devices Vigilance Market growth is driven by increasing number of adverse events reported, growing awareness regarding medical device vigilance worldwide, and government initiatives concerning adverse event reporting. As more adverse events are reported, there is a rising demand for vigilance systems to manage and mitigate these issues effectively. Additionally, governments are implementing measures to ensure the safety and performance of medical devices, further propelling market growth. However, challenges such as the failure of certain manufacturing companies to ensure product safety can hinder market expansion.

The key regions considered for the market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, the North American market dominated the global market share in 2023, attributable to the high demand for medical device vigilance in the region. The growing number of adverse events reported will increase the adoption of vigilance systems in North America. Moreover, the strong presence of medical device manufacturing companies in the region will further augment regional business growth. On the other hand, the Asia Pacific market is estimated to witness lucrative growth over the forecast period owing to the increasing focus of medical device manufacturers on product safety. Additionally, the presence of a large and diverse patient pool in the region, coupled with a surge in clinical research outsourcing, will further accelerate regional industry growth.

Major market players included in this report are:

Sarjen Systems
Sparta Systems
Xybion
ZEINCRO
Omnify Software
INTEL
MDI Consultants
Numerix
AB-Cube
AssurX
Oracle

The detailed segments and sub-segment of the market are explained below:

By Delivery Mode

On-demand
On-premise

By Application

Diagnostic
Therapeutic
Surgical
Research

By End-user

Clinical Research Organizations (CROs)
Original Equipment Manufacturers (OEMs)
Business Process Outsourcing (BPO)

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Medical Devices Vigilance Market Executive Summary

1.1. Global Medical Devices Vigilance Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Delivery Mode
- 1.3.2. By Application
- 1.3.3. By End-user
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Medical Devices Vigilance Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Medical Devices Vigilance Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Number of Adverse Events Reported
- 3.1.2. Worldwide Growing Awareness Regarding Medical Device Vigilance
- 3.1.3. Government Initiatives Concerning Adverse Events Reported
3.2. Market Challenges
- 3.2.1. Failure of Certain Manufacturing Companies to Ensure Product Safety
3.3. Market Opportunities
- 3.3.1. Growing Investment in R&D
- 3.3.2. Development of Innovative Solutions
- 3.3.3. Expansion of Forensic Applications in Diverse Sectors

Chapter 4. Global Medical Devices Vigilance Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Medical Devices Vigilance Market Size & Forecasts by Delivery Mode 2022-2032

5.1. Segment Dashboard
5.2. Global Medical Devices Vigilance Market: Delivery Mode Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. On-demand
- 5.2.2. On-premise

Chapter 6. Global Medical Devices Vigilance Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Medical Devices Vigilance Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Diagnostic
- 6.2.2. Therapeutic
- 6.2.3. Surgical
- 6.2.4. Research

Chapter 7. Global Medical Devices Vigilance Market Size & Forecasts by End-user 2022-2032

7.1. Segment Dashboard
7.2. Global Medical Devices Vigilance Market: End-user Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Clinical Research Organizations (CROs)
- 7.2.2. Original Equipment Manufacturers (OEMs)
- 7.2.3. Business Process Outsourcing (BPO)

Chapter 8. Global Medical Devices Vigilance Market Size & Forecasts by Region 2022-2032

8.1. North America Medical Devices Vigilance Market
- 8.1.1. U.S. Medical Devices Vigilance Market
  - 8.1.1.1. Delivery Mode breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End-user breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Medical Devices Vigilance Market
  - 8.1.2.1. Delivery Mode breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.2.3. End-user breakdown size & forecasts, 2022-2032
8.2. Europe Medical Devices Vigilance Market
- 8.2.1. U.K. Medical Devices Vigilance Market
- 8.2.2. Germany Medical Devices Vigilance Market
- 8.2.3. France Medical Devices Vigilance Market
- 8.2.4. Spain Medical Devices Vigilance Market
- 8.2.5. Italy Medical Devices Vigilance Market
- 8.2.6. Rest of Europe Medical Devices Vigilance Market
8.3. Asia-Pacific Medical Devices Vigilance Market
- 8.3.1. China Medical Devices Vigilance Market
- 8.3.2. India Medical Devices Vigilance Market
- 8.3.3. Japan Medical Devices Vigilance Market
- 8.3.4. Australia Medical Devices Vigilance Market
- 8.3.5. South Korea Medical Devices Vigilance Market
- 8.3.6. Rest of Asia Pacific Medical Devices Vigilance Market
8.4. Latin America Medical Devices Vigilance Market
- 8.4.1. Brazil Medical Devices Vigilance Market
- 8.4.2. Mexico Medical Devices Vigilance Market
- 8.4.3. Rest of Latin America Medical Devices Vigilance Market
8.5. Middle East & Africa Medical Devices Vigilance Market
- 8.5.1. Saudi Arabia Medical Devices Vigilance Market
- 8.5.2. South Africa Medical Devices Vigilance Market
- 8.5.3. Rest of Middle East & Africa Medical Devices Vigilance Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Sarjen Systems
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Sparta Systems
- 9.3.3. Xybion
- 9.3.4. ZEINCRO
- 9.3.5. Omnify Software
- 9.3.6. INTEL
- 9.3.7. MDI Consultants
- 9.3.8. Numerix
- 9.3.9. AB-Cube
- 9.3.10. AssurX
- 9.3.11. Oracle

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes