Medical Device Complaint Management Market Size, Industry Status ,Growth Opportunities And Forecast| Grand View Research, Inc
“The global medical device complaint management market size was estimated at USD 5.37 billion in 2017. It is anticipated to register a CAGR of 7.6% during the forecast period.�
The global medical device complaint management market size is expected to reach USD 10.2 billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.6% during the forecast period. Increasing use of software to support the entire complaint management process is propelling the growth. The transition from paper-based to digital system for tracking complaints is boosting growth of the market. Incidents are recorded and the data automatically drives the investigation and resolution workflow. Companies experience more complete documentation along with the reduction in the turnaround time. The complaints management solution provides advanced analytics and reporting tools for augmented management oversight. The software also streamlines the submissions with standard reporting for the EU, FDA, Japan, Health Canada, and Australia. For instance, the U.S. FDA encourages consumers, patients, and healthcare professionals to give voluntary reports of important adverse events, and/or product issues to MedWatch, FDA’s Safety Information and Adverse Event Reporting Program or by means of the mobile app known as MedWatcher. The app radically simplifies and accelerates the process of reporting by providing users with a four-step form submitted electronically to the FDA. Regulators are gradually concentrating on handling customer complaints, product safety, and device vigilance. This is not only true in developed countries, but also in emerging economies such as India. The Indian government introduced medical devices regulation program, Materiovigilance Programme of India (MvPI) with focus on safety data collection, synchronization of international laws, regulations, and standards encourages medical device organizations to evaluate their existing procedures of product development and post-marketing surveillance.
Browse Details of Report @ www.grandviewresearch.com/industry-analysis/medical-device-complaintmanagement-market
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Further key findings from the report suggest:
Product surveillance and regulatory compliance emerged as the largest segment owing to greater emphasis put on product surveillance by regulatory agencies
North America held the largest market share in 2017 owing to stern regulatory requirements and heavy monetary fines in this region. All the device manufacturers, importers, and distributors are required to comply with the complaint and record requirement
Some of the key players operating in the medical device complaint management market include IQVIA, Wipro, Tata Consulting Services, SAS, Sparta Systems, Parexel International Corporation, Biovia, AssurX, MasterControl, and Freyr.
Grand View Research has segmented the global medical device complaint management market based on service and region: Medical Device Complaint Management Service Outlook (Revenue, USD Million, 2014 - 2026) Complaints Log / Intake
o
Receive Complaints
o
Classify the Issue
o
Record Issue
Product Surveillance & Regulatory Compliance o
Reportable/Non Reportable
o
Medical Device Vigilance/Medical Device Reporting
o
Field Action
Returned/ Non-Returned Product Analysis o
Complaint Investigation
o
Root Cause Analysis, Testing
o
Corrective/Preventive Action
Resolve & Closure o
Complaint Summary
o
Customer Letter Creation
Medical Device Complaint Management Regional Outlook (USD Million, 2014 - 2026) North America
o
U.S.
o
Canada
Europe
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o
U.K.
o
Germany
Asia Pacific o
Japan
o
China
Latin America o
Brazil
o
Mexico
Middle East & Africa o
South Africa
o
Saudi Arabia
Browse Related Category Reports @ www.grandviewresearch.com/industry/medical-devices Table of Content of Medical Device Complaint Management Market Chapter 1 Report Scope 1.1 Segment Market Scope 1.2 Regional Scope 1.3 Estimates and Forecast Timeline Chapter 2 Methodology 2.1 Research Methodology 2.1.1 Information procurement 2.2 Information or Data Analysis 2.3 Market Formulation & Validation 2.4 Region Wise Market Calculation 2.4.1 Region Wise Market: Base Estimates 2.4.2 Global Market: CAGR Calculation 2.5 Region Based Segment Share Calculation 2.6 Model Details 2.6.1 Commodity flow analysis (Model 1) 2.6.2 Volume price analysis (model 2) 2.7 List of Secondary Sources
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2.8 List of Primary Sources 2.9 List of Abbreviations Chapter 3 Objectives 3.1 Objective - 1: Understanding the market dynamics 3.2 Objective - 2: Understanding the market estimates and forecasts 3.3 Objective - 3: Understanding the attributes such as strategy framework, competitor categorization 3.4 Objective - 4: Understanding the key end-users, technological, application and product scopes Chapter 4 Executive Summary Chapter 5 Market Definition Chapter 6 Industry Outlook 6.1 Market Segmentation 6.2 Business Segment Trends 6.2.1 Product business analysis 6.2.2 Regional business analysis 6.3 Market Variable Analysis 6.3.1 Market driver analysis 6.3.1.1 Increasing use of automated system 6.3.1.2 Introduction of mobile apps 6.3.2 Market restraint analysis 6.3.2.1 Employees ability to use the process 6.4 Penetration & Growth Prospect Mapping 6.5 Business Environment Analysis tools 6.5.1 SWOT Analysis, by PEST 6.5.2 Porter’s five forces analysis 6.5.3 Industry Analysis - Ansoff Matrix Chapter 7 Medical Device Complaint Management: Product Estimates and Trend Analysis 7.1 Medical Device Complaint Management Market: Service Movement Analysis 7.2 Complaints Log / Intake 7.2.1 Complaints Log / Intake Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.2.2 Receive Complaints 7.2.2.1 Receive Complaints Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.2.3 Classify the Issue
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7.2.3.1 Classify the Issue Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.2.4 Record Issue 7.2.4.1 Record Issue Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.3 Product Surveillance & Regulatory Compliance 7.3.1 Product Surveillance & Regulatory Compliance Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.3.2 Reportable/Non Reportable 7.3.2.1 Reportable/Non Reportable Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.3.3 Medical Device Vigilance/Medical Device Reporting 7.3.3.1 Medical Device Vigilance/Medical Device Reporting Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.3.4 Field Action 7.3.4.1 Field Action market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.4 Returned/ Non-Returned Product Analysis 7.4.1 Returned/ Non-Returned Product Analysis Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.4.2 Complaint Investigation 7.4.2.1 Complaint Investigation Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.4.3 Root Cause Analysis, Testing 7.4.3.1 Root Cause Analysis, Testing Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.4.4 Corrective/Preventive Action 7.4.4.1 Corrective/Preventive Action Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.5 Resolve & Closure 7.5.1 Resolve & Closure Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.5.2 Complaint Summary 7.5.2.1 Complaint Summary Market Estimates and Forecasts, 2014 - 2026 (USD Million) 7.5.3 Customer Letter Creation 7.5.3.1 Customer Letter Creation Market Estimates and Forecasts, 2014 - 2026 (USD Million) Chapter 8 Medical Device Complaint Management: Regional Estimates and Trend Analysis 8.1 Medical Device Complaint Management Market: Regional Movement Analysis 8.2 North America 8.2.1 North America Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million)
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8.2.2 U.S. 8.2.2.1 U.S. Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.2.3 Canada 8.2.3.1 Canada Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.3 Europe 8.3.1 Europe Medical Device Complaint Management Market Estimates and Forecasts , 2014 - 2026 (USD Million) 8.3.2 U.K. 8.3.2.1 U.K. Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.3.3 Germany 8.3.3.1 Germany Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.4 Asia Pacific 8.4.1 Asia Pacific Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.4.2 Japan 8.4.2.1 Japan Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.4.3 China 8.4.3.1 China Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.5 Latin America 8.5.1 Latin America Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.5.2 Brazil 8.5.2.1 Brazil Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.5.3 Mexico 8.5.3.1 Mexico Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD
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Million) 8.6 MEA 8.6.1 MEA Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.6.2 South Africa 8.6.2.1 South Africa Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) 8.6.3 Saudi Arabia 8.6.3.1 Saudi Arabia Medical Device Complaint Management Market Estimates and Forecasts, 2014 - 2026 (USD Million) Chapter 9 Company Profiles 9.1 Strategic Framework 9.2 Company Profiles 9.2.1 IQVIA 9.2.1.2 Company Overview 9.2.1.3 Financial Performance 9.2.1.4 service Benchmarking 9.2.1.5 Strategic Initiatives 9.2.2 Parexel 9.2.2.1 Company Overview 9.2.2.2 Financial Performance 9.2.2.3 Service Benchmarking 9.2.3 SAS 9.2.3.1 Company Overview 9.2.3.2 Financial Performance 9.2.3.3 Service Benchmarking 9.2.4 Wipro 9.2.4.1 Company Overview 9.2.4.2 Financial Performance 9.2.4.3 Service Benchmarking 9.2.5 Tata Consulting Services 9.2.5.1 Company Overview
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9.2.5.2 Financial Performance 9.2.5.3 Service Benchmarking 9.2.5.4 Strategic Initiatives 9.2.6 Sparta Systems 9.2.6.1 Company Overview 9.2.6.2 Service Benchmarking 9.2.6.3 Strategic Initiatives 9.2.7 Freyr 9.2.7.1 Company Overview 9.2.7.2 Service Benchmarking 9.2.8 Biovia 9.2.8.1 Company Overview 9.2.8.2 Service Benchmarking 9.2.8.3 Strategic Initiatives 9.2.9 Assurx 9.2.9.1 Company Overview 9.2.9.2 Service Benchmarking 9.2.10 MasterControl 9.2.10.1 Company Overview 9.2.10.2 Service Benchmarking 9.2.10.3 Strategic Initiatives Chapter 10 KOL Commentary 10.1 Key Insights 10.2 KOL Views Chapter 11 Recommendations
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About Us: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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