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.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/medical-device-complaint-management-market
Medical Device
Complaint Management Market Report Highlights
- 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.
Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/medical-device-complaint-management-market/request/rs1
About Grand View Research
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, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment