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 @
https://www.grandviewresearch.com/industry-analysis/medical-device-complaint-management-market
https://www.grandviewresearch.com/industry-analysis/medical-device-complaint-management-market
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.
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
No comments:
Post a Comment