Categories
Pharmaceutical

Medical Device Complaint Management Is Register A Positive CAGR Of 7% In The Forecast Period 2022-2032 | Fact.MR Study

Medical Device Complaint Management Market Size, Share & Trends Analysis Report By Service Type (Product Surveillance & Regulatory Compliance, Complaint Log/Intake), By Region, And Segment Forecasts, 2022 – 2032

The medical device complaint management market is expected to garner a market value of US$ 5.35 Bn in 2022, anticipated to register a positive CAGR of 7% in the forecast period 2022-2032 and reach a value of US$ 10.52 Bn.

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Prominent Key players of the Medical Device Complaint Management market survey report:

  • IQVIA
  • Parexel
  • SAS Institute
  • Wipro Limited
  • Tata Consultancy Services
  • Sparta Systems Inc.
  • Freyr Solutions
  • BIOVIA
  • AssurX
  • MasterControl Inc.

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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

The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

What insights does the Medical Device Complaint Management Market report provide to the readers?

  • Medical Device Complaint Management fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Medical Device Complaint Management player.
  • Various regulations imposed by the governments on the consumption of Medical Device Complaint Management in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Medical Device Complaint Management.

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The report covers following Medical Device Complaint Management Market insights and assessment that are helpful for all participants involved in the Medical Device Complaint Management market:

  • Data on recently introduced regulations and their impact on key industries and on demand in Medical Device Complaint Management
  • Latest industry Analysis on Medical Device Complaint Management Market, with key analysis of market drivers, trends, and influencing factors
  • Key trends Analysis of Medical Device Complaint Management Market and changing consumer preferences in major industries.
  • Changing Medical Device Complaint Management demand and consumption of diverse products
  • Major trends underlining funding by key investors in numerous countries
  • New investment opportunities in diverse technology and product or service types
  • Comprehensive data and Competitive analysis of Medical Device Complaint Management major players
  • Medical Device Complaint Management Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
  • Medical Device Complaint Management demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Medical Device Complaint Management Market report include:

  • How the market for Medical Device Complaint Management has grown?
  • What is the present and future outlook of the global Medical Device Complaint Management on the basis of region?
  • What are the challenges and opportunities for the Medical Device Complaint Management?
  • Why the consumption of Medical Device Complaint Management highest in region?
  • In which year segment is expected to overtake segment?

Read Our Latest Article on Healthcare Domain :

https://www.factmr.com/article/124/latest-trends-in-the-healthcare-industry-how-has-it-transformed-businesses

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Categories
Pharmaceutical

Global Market For Medical Device Complaint Management To Be Valued At US$ 5.35 Bn In 2022

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

For More Insights- https://www.prnewswire.com/news-releases/demand-for-industrial-gear-solutions-with-complex-designs-driving-gear-measuring-machines-market-factmr-301266718.html

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.

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