Global Medical Device Complaint Management Market, By Service (Complaints Log/Intake, Product Surveillance & Regulatory Compliance, Returned/Non-Returned Product Analysis and Resolve & Closure), Application (Small & Medium Enterprise and Large Enterprise), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Medical Device Complaint Management Market
Medical device complaint management market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 9044.43 million by 2028 growing at a CAGR of 6.86% in the above-mentioned forecast period. Rapid increase in the manufacture of innovative medical devices to meet global demands has been directly impacting the growth of medical device complaint management market.
Installing software helps organizations maintain better documentation. The multi-page electronic form ensures accurate recording of complaint data and editing documents into a simple process. This helps keep it transparent and improves decision-making related to customer complaints. The demand and popularity of the medical device complaints market around the world can be attributed to the growing use of software to support the entire complaints management process.
The changeover from paper centered to the digital structure for following grievances is the main driving factor for the medical device complaint management market. Sympathetic government restructurings together with growing demand for automatic arrangement for the procedure of management of the complaint is driving the medical device complaint management market. Increasing usage of software for the backing of the general procedure for the management of the complaint is an opportunity for the medical device complaint management market.
Lack of a trained workforce and poor understanding of regulations is a big challenge for the medical device complaint management market. However, lack of thorough knowledge about the lifecycle of a device is the main restraint in the growth of medical device complaint management market during the forecast period of 2021-2028.
This medical device complaint management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research medical device complaint management market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In 2013, Pilgrim Software, Inc., launched SmartSolve Complaint Management, with built-in regulatory intelligence to promote effective, reliable, and steady global adverse event reporting and complaint management across the enterprise. Complaint management, a combined element of Pilgrim’s SmartSolve solution suite, makes it simpler for pharmaceutical and medical device industries to develop into new countries by giving them relevant intelligence regarding global complaint management requirements.
Medical Device Complaint Management Market Scope and Market Size
Medical device complaint management market is segmented on the basis of service and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on service, the medical device complaint management market is segmented into complaints log/intake, product surveillance & regulatory compliance, returned/non-returned product analysis and resolve & closure. Complaints log/intake is further segmented into receive complaints, classify the issue and record issue. Product surveillance & regulatory compliance is further segmented into reportable/non reportable, medical device vigilance/medical device reporting and field action. Returned/non-returned product analysis is further segmented into complaint investigation, root cause analysis, testing and corrective/preventive action. Resolve & closure is further segmented into complaint summary and customer letter creation.
- Based on application, the medical device complaint management market is segmented into small & medium enterprise and large enterprise.
Medical Device Complaint Management Market Country Level Analysis
Medical device complaint management market is analysed and market size insights and trends are provided by country, service and application as referenced above.
The countries covered in the medical device complaint management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is likely to lead the medical device complaint management market. The regional market has been driven by the rising awareness for usage of medical safety equipment and stringent regulatory requirements regarding complaint handling and management. However, growing market with new players is the main factor propelling the growth of the regional market. The market in Asia-Pacific is expected to exhibit a substantial growth rate during the forecast period 2021-2028 due to the strong presence of major market players in different countries of the region.
The country section of the medical device complaint management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Medical device complaint management market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for medical device complaint management market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical device complaint management market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Medical Device Complaint Management Market Share Analysis
Medical device complaint management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical device complaint management market.
The major players covered in the medical device complaint management market report are Tata Consultancy Services Limited., IQVIA, Biovia, Wipro, Sparta Systems, AssurX, Freyr, SAS, Parexel International Corporation, Master Control, HCL Technologies Limited, UserWise, Inc., Cognizant, Interneer, Inc., Oracle, Zendesk, Thryv, Inc, BizzMine, PTC, Orcanos, ArisGlobal LLC, AmpleLogic are among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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