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Fact.MR expects that the demand for medical device complaint management is projected to expand at a CAGR of 7% from 2022 to 2032. Moreover, the market for medical device complaint management is likely to reach US$ 10.52 Bn by end of 2032. Increasing utilization of software aiding in the overall complaint management process is expected to increase the market growth.

The growing adoption of the digital system over paper-based work for tracking medical complaints is further boosting the market growth. The medical device industry is highly regulated and inadequate product complaint handling accounts for a large percentage of FDA inspection findings. The complaints create severe reputational and brand risks and they need to be officially documented, inspected, tracked, and closed.

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An increase in the demand for medical complaint management solutions has been registered over the past few years owing to the streamlined process. Incidents are recorded and the data automatically drives the investigation and resolution workflow. Companies are attaining complete medical documentation with minimal errors along with reduced turnaround time on the account of fact that complaint management solutions offer advanced analytics and reporting tools for augmented management oversight.

Key Takeaways from the Market Study

• Medical device complaint management services demand flourished at a CAGR of 6.7% from 2015-2021
• By service type, the product surveillance and regulatory compliance to account for 55% of global revenue
• Germany to experience noteworthy expansion, registering a CAGR of 8.3% through 2032
• U.S to emerge as an opportunistic market, account for 2 out of 5 sales of medical device complaint management services
• Global market for medical device complaint management to be valued at US$ 5.35 Bn in 2022

“Key participants are constantly focusing on devising innovative product development strategies to gain a competitive edge and cater to the growing demand in the market. This is projected to drive the market”, says a Fact.MR analyst. 

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Competitive Landscape

Some prominent manufacturers of medical device complaint management are Tata Consulting Services (TCS); IQVIA; Biovia; Wipro; Sparta Systems; AssurX; Freyr; SAS; Parexel International Corporation; and MasterControl. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. Some notable developments are as follows:

• In November 2021, IQVIA announced the launch of a new module of its Grants and Funding Management within its Orchestrated Customer Engagement (OCE) solutions portfolio. This initiation is expected to provide the life sciences industry with a solution to efficiently manage and oversee their global strategic giving programs

More Valuable Insights

In its latest report, Fact.MR offers an unbiased analysis of the medical device complaint management market providing historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2032.

The study provides critical insights into the medical device complaint management market on the basis of service type (complaints log/intake, product surveillance & regulatory compliance, field action, returned/non-returned product analysis and resolve & closure), across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segments Covered in Medical Device Complaint Management Industry Research

• By Service Type

  • Medical Device Complaints Log / Intake
    • Receive Complaints
    • Classify the Issue
    • Record Issue
  • Medical Device Product Surveillance & Regulatory Compliance
    • Reportable/Non-reportable
    • Medical Device Vigilance/Medical Device Reporting
    • Field Action
  • Returned/ Non-returned Medical Device Product Analysis
    • Complaint Investigation
    • Root Cause Analysis, Testing
    • Corrective/Preventive Action
  • Medical Device Complaints Resolve & Closure
    • Complaint Summary
    • Customer Letter Creation

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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

The global market for disposable endoscopes market is anticipated to secure a market value of USD 9.26 Bn by 2032 while expanding at a CAGR of 16% during the forecast period from 2022 to 2032.  The reduced scope of spreading infections with the usage of disposable endoscopes is likely to increase the demand for the single-use endoscope in the coming time.

Increased incidence of HAI due to usage of infected endoscopes is likely to be another salient cause driving the market.  Moreover, the ongoing development with the rising investment by the renowned key disposable endoscope manufacturers is predicted to augment the industry significantly. In addition, the increasing clearances by the regulatory bodies are likely to provide a significant boost to the market in the coming time.

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For instance, Exalt D, the first fully disposable duodenoscope, a Boston Scientific product, received clearance from FDA. In another instance, EndoFresh, a Chinese medical device manufacturer announced that it gained 510 (K) clearance for its single-use endoscopy system usage in gastrointestinal procedures.

However, the analysis reveals that with the outbreak of COVID-19, the market suffered a loss of about 3% in 2019 to 2020. But, the demand for single-use devices has increased significantly due to the increasing complications developed post-COVID recovery, thereby driving the market in the forecast period.

Key Takeaways from the Market Study

• Global disposable endoscopes market to be valued at over US$ 2 Bn by 2022
• By application, bronchoscopy to accumulate a revenue share worth over 28% in 2022
• North America to dominate the global market. The region to have secured about 41% of the global market share in 2021.
• Asia Pacific to be the fastest growing market, expected to flourish at a CAGR of 17%

“Reduced chances of spreading hospital acquired infections is likely to bode well for the demand for single-use endoscopes in forthcoming years,” – says an analyst at Fact. MR.

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Competitive Landscape

The key players of the market opt for various strategies to enhance their global market reach. Acquisitions, partnerships, and collaborations are some of the methods adopted by the players.

Some of the recent developments among the key players are:

• In June 2020, a private corporation that manufactures single-use endoscopes, 3NT, disclosed FDA 510 (K) clearance for Colibri™ Micro ENT Scope. It is the world’s first single-use endoscope planned especially for Otology.
• In December 2021, Ambu Inc., the global leader in single-use endoscopes disclosed that it has been given a contract, which is to be effective from February 2022. The contract is in the field of Single-Use Visualization Devices with Vizient Inc., which is the largest healthcare performance Improvement Company in the U.S.
• In November 2020, Olympus Corporation disclosed a partnership with Ruhof Corporation and launched hybrid tubing and single-use procedure kits for endoscopes to lessen the contamination risk.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the medical foam market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product type (flexible, rigid, and spray), material (polyurethane, polystyrene, polyolefin, and polyvinyl chloride), and application (bedding and cushioning, medical packaging, medical devices and components, prosthetics, and wound care), across major regions of the world (North America, Europe, Asia Pacific, Central & South America, and the Middle East and Africa).

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Key Segments Covered in the Disposable Endoscopes Industry Report

• By End-Use

  • Disposable Endoscopes for Hospitals
  • Disposable Endoscopes for Diagnostics Centers
  • Disposable Endoscopes for Clinics

• By Application

  • Disposable Endoscopes for Arthroscopy
  • Disposable Endoscopes for Bronchoscopy
  • Disposable Endoscopes for ENT Endoscopy
  • Disposable Endoscopes for Urologic Endoscopy
  • Disposable Endoscopes for GI Endoscopy
  • Disposable Endoscopes for Other Applications

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About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

The global mHealth market is expected to flourish at an impressive 12% CAGR, topping US$ 177 Bn in value by the end of the forecast period 2022-2032, concludes a recently published Fact.MR study. Growth is majorly attributed to the deepening penetration of internet and smart technologies across multiple geographies. Moreover, there is increased focus on improve access to healthcare.

From 2015 to 2021, the market flourished at a CAGR of 9%, reaching US$ 51 Bn by the end of the said historical period. The scope for mHealth has further expanded in the light of the COVID-19 pandemic, as patients extensively relied on telehealth and online medical consultation facilities in response to curbs on visiting in-patient clinics, hospitals or dispensaries.

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As governments worldwide continue advancing healthcare improvement spending, key stakeholders are anticipated to extensively rely on mHealth apps and solutions. Furthermore, the ever increasing workload across commercial healthcare settings is compelling staff to incorporate automated and digital workflow optimization technologies, which is further widening scope for mHealth distribution and sales.

Key Takeaways from the Market Study

• By component, mHealth apps to account for over 75% of the global market revenue
• Over 3 out of 5 sales to comprise of mHealth monitoring services, especially for chronic disease management
• Mobile operator-based mHealth services to capture 50% of global market demand
• mHealth applications for content creators to expand at a CAGR of 13% from 2022-2032
• North America to accumulate 39% of global mHealth market revenue in 2022
• Asia-Pacific to flourish at a CAGR of 10% with regard to mHealth services from 2022-2032

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Unceasing quest for improving healthcare access and streamlining medical and pharmaceutical workflows is prompting commercial healthcare providers to invest in various mHealth solutions, including patient tracking, disease management and fitness monitoring among others, broadening mHealth prospects, remarks a Fact.MR analyst.

Competitive Landscape

Given the increased penetration of technological advancements in the healthcare domain, prominent mHealth service providers are incorporating the latest virtual technologies to introduce highly sophisticated mobile applications. Besides, extensive R&D activities, collaborations and mergers & acquisitions constitute other expansion strategies of key players. Some notable developments are as follows:

• In January 2022, AT&T Inc. announced a partnership with Smart Meter to improve health outcomes for patients with chronic conditions such as diabetes and high blood pressure. The company intends to introduce the iPulseOxTM device at CES 2022, which will deploy AT&T’s nationwide IoT Network
• In February 2017, Samsung Electronics Co collaborated with American Well in order to beef up the consumer-facing space with access to mHealth tools to provide reliable data. The partnership was aimed at ushering in an integrated care delivery system and improve business outcomes

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the mHealth market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of component (wearables, mHealth apps and fitness apps), services (monitoring services, diagnosis services, healthcare systems strengthening services and others) and participants (mobile operators, device vendors, content players and healthcare providers) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segments Covered in the mHealth Research Report

• By Component

  • mHealth Wearables
    • BP Monitors
    • Glucose Monitors
    • Pulse Oximeters
    • Sleep Apnea Monitors (PSG)
    • Neurological Monitors
    • Activity Trackers/Actigraphs
  • mHealth Apps
    • Medical Apps
      • Women’s Health
      • Personal Health Record Apps
      • Medication Management Apps
      • Disease Management Apps
      • Diagnostic Apps
      • Remote Monitoring Apps
      • Others
    • Fitness Apps
      • Exercise & Fitness
      • Diet & Nutrition
      • Lifestyle & Stress

• By Services

  • mHealth Monitoring Services
    • Independent Aging Solutions
    • Chronic Disease Management & Post-acute Care Services
  • mHealth Diagnosis Services
  • mHealthcare Systems Strengthening Services
  • Other mHealth Services

• By Participants

  • Mobile mHealth Operators
  • mHealth Device Vendors
  • mHealth Content Players
  • mHealthcare Providers

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About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

A recently revised survey on the breast cancer diagnostics market by Fact.MR predicts demand to rise at a healthy CAGR of around 7% over the decade. The survey also states that, the global breast cancer diagnostics market was valued at around US$ 4 Bn in 2020, and is slated to expand almost 2X by 2031.

The Demand analysis of Breast Cancer Diagnostics Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Breast Cancer Diagnostics Market across the globe.

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Key Segments of Breast Cancer Diagnostics Industry Survey

• By Test Type:

  • CA Tests for Breast Cancer
  • BRCA Test for Breast Cancer
  • ER & PR Test for Breast Cancer
  • CEA Test for Breast Cancer
  • KRAS Mutation Test for Breast Cancer
  • HER 2 Test for Breast Cancer
  • PSA Test for Breast Cancer
  • EGFR Mutation Test for Breast Cancer
  • Immunohistochemistry for Breast Cancer
  • Others

• By End User:

  • Hospital Associated Labs
  • Independent Diagnostic Laboratories
  • Cancer Research Institutes
  • Others

A comprehensive estimate of the Breast Cancer Diagnostics market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Breast Cancer Diagnostics during the forecast period. Price point comparison by region with the global average price is also considered in the

The Market survey of Breast Cancer Diagnostics offers a comprehensive analysis of diverse features, including production capacities analysis of Breast Cancer Diagnostics, demand, product developments, revenue generation, and Size of Breast Cancer Diagnostics Market across the globe.

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Some Notable Offerings by Fact.MR Report on Breast Cancer Diagnostics market:

• We will provide you an analysis of the extent to which this Breast Cancer Diagnostics market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

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After reading the Market insights of Breast Cancer Diagnostics Report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Breast Cancer Diagnostics market revenue.
• Study the growth outlook of Breast Cancer Diagnostics market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Breast Cancer Diagnostics market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Breast Cancer Diagnostics Market Players.

How Fact.MR Assists in Making Strategic Moves For Breast Cancer Diagnostics Market Manufacturer?

• The data provided in the Breast Cancer Diagnostics market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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About Fact.MR:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

 Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

As per a new report published by Fact.MR – a market research and competitive intelligence provider, the market for medical laser systems is poised to surge at a CAGR of around 8.5% and top US$ 7.5 Bn valuation by 2031.

Market Snapshot

Fact.MR’s medical laser systems industry analysis reveals that the global market was valued at US$ 4 Bn in 2020, and is projected to top a valuation of US$ 7.5 Bn by 2031, accelerating at a CAGR of around 8.5%.  Sales of surgical lasers are projected to reach a valuation of US$ 1 Bn by 2031.

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Medical lasers are medical devices that use precisely focused light sources to treat or remove tissues, and are used in medical diagnosis and treatments such as photodynamic therapy, laser-assisted procedures, photomedicine, and light therapy. Medical lasers are used in a broad range of applications such as dermatology, ophthalmology, gynaecology, dentistry, and many more.

Medical lasers can be used for very precise surgical procedures due to their specific wavelength, which is focused in a narrow beam and creates a very high-intensity light. Rising demand for advanced laser-based treatments for eye disorders and increasing use of medical laser treatments for chronic diseases are major factors contributing to growth of the global medical laser systems market.

Key Takeaways from Market Study

• Global medical laser systems market to top US$ 7.5 Bn by 2031.
• Aesthetic lasers projected to reach around US$ 3.5 Bn by 2031.
• Ophthalmic lasers projected to record around 5% CAGR over the next 10 years.
• Market in Japan to record 4% CAGR over the forecast period of 2021- 2031.
• China forecast to reach a projected market size above US$ 2 Bn by 2031.
• Market in Canada projected to expand at above 6% CAGR over the next 10 years.

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Key Segments in Medical Laser Systems Industry Research

Product

• Diode Medical Laser Systems
• Dye Medical Laser Systems
• Gas Medical Laser Systems
• Solid State Medical Laser Systems

Application

• Aesthetic Medical Lasers
• Ophthalmic Medical Lasers
• Surgical Medical Lasers
• Dental Medical Lasers
• Diagnostic Medical Lasers

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Market Competition

Top companies are adopting several organic and inorganic strategies to strengthen their position in the market. Most are focusing on expanding their production facilities and acquiring other businesses.

A great deal of investments is being made towards R&D projects aiming at developing innovative and advanced medical laser systems. This will further create growth opportunities for market players over the coming years.

• In 2018, Alcon Inc. launched software and hardware enhancements to the WaveLight Refractive Suite. These new software updates enhance the graphical user interface of the Suite’s WaveNet Planning Station, EX500 Excimer Laser, and the FS200 Femtosecond Laser.

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About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com