At 8.2% CAGR, Medical Devices Vigilance Market Size Set to Register 91.5 billion USD by 2025
Apr 15, 2019
MarketStudyReport.com Adds New Medical Devices Vigilance Market 2019 – 2025 research report providing information and data By Delivery Mode, By Application, By End-user, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 145 Pages with table and figures in it.
Selbyville, Delaware - April 15, 2019 /MarketersMedia/ —
North America dominated the overall medical devices vigilance market with more than 33% of revenue share in 2018. Development of advanced healthcare IT solutions such as healthcare software, vigilance software will augment the regional growth. Strong foothold of key industry players in the region will be beneficial for development of innovative solutions. For instance, Oracle Corporation offers integrated end-to-end safety platforms to improve quality and efficiency. Development of such software will surge the regional growth.
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Increasing R&D activities in medical devices vigilance industry leading to the development of innovative and better solutions will drive the industry growth. For instance, AB-cube developed SafetyEasy software that is compliant with XML file, provides dictionary coding and enables easy data analysis. Development of such software solutions will increase its demand in upcoming years.
On-premise delivery mode segment will witness 6.6% CAGR during analysis timeframe. On-premise software runs on customers system and runs a setup with upgrade options. Availability of software offering combined innovative software and hardware with latest technology thus on-premise software has demand from healthcare organizations, this will drive the segmental growth.
Medical Devices Vigilance Market will exceed USD 91.5 billion by 2025; as per a new research report. Increasing medical recalls and rising incidence of adverse effects related to medical devices will augment the medical devices vigilance market growth. Medical device vigilance systems improve the protection of health and safety of patients. These software provide evaluation of adverse incidents thus, adoption of medical vigilance software by research organizations and business process outsourcing will further augment the business growth.
Diagnostic application segment held 32.5% revenue share in 2018 and will show lucrative growth over the forecast timeline. Increasing safety issues regarding diagnostic devices will drive segmental growth. To avoid such risks medical vigilance software are used to monitor patient safety, this will increase the demand for medical vigilance software.
Clinical research organization. end-user segment will grow at 7.7% over the coming years. Increasing number of research project worldwide will drive segmental growth. Increasing focus on novel drug development for treatment of various chronic disease will enhance business growth. These organizations need medical vigilance software to manage regulatory affairs, clinical trial data and quality assurance. Thus, increasing preference for software solutions will surge the segmental growth.
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Prominent industry players involved in medical devices vigilance market are AB-Cube, AssurX, Oracle, Sparta Systems, Xybion, Sarjen Systems, ZEINCRO, MDI Consultants, INTEL, Omnify Software and Numerix. The prominent industry players are focusing on new software development, strategic collaborations and alliances to strengthen their market position.
Asia-Pacific medical devices vigilance industry will witness over 9% CAGR during analysis timeframe. Rising research organizations in the region will increase the demand and preference for medical software that will be beneficial for regional growth. Also, increasing incidence of adverse effect due to medical devices in Asia-Pacific region will further surge the industry growth.
Table of content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Medical Devices Vigilance Industry Insights
Chapter 4. Medical Devices Vigilance Market, By Delivery Mode
Chapter 5. Medical Devices Vigilance Market, By Application
Chapter 6. Medical Devices Vigilance Market, By End-user
Chapter 7. Medical Devices Vigilance Market, By Region
Chapter 8. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/medical-devices-vigilance-market
Related Report:
Global Home Use Medical Devices Market Insights, Forecast to 2025
The global Home Use Medical Devices market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025. The objectives of this study are to define, segment, and project the size of the Home Use Medical Devices market based on company, product type, end user and key regions.
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Source: MarketersMedia
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