This report on Medical Device Complaint Management Market mentions the latest trends, growth prospects and global forecast for the upcoming years. The report also covers the market size, share, industry opportunities and consumption data. The financial analysis, new products launch and other latest development of the top Medical Device Complaint Management market players help in assessing the competitive scenario of the industry.
The entire medical device complaint management market has been sub-categorized into service. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
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By Service
- Complaints Log / Intake
- Receive Complaints
- Classify the Issue
- Record Issue
- Product Surveillance & Regulatory Compliance
- Reportable/Non Reportable
- Medical Device Vigilance/Medical Device Reporting
- Field Action
- Returned/ Non-Returned Product Analysis
- Complaint Investigation
- Root Cause Analysis, Testing
- Corrective/Preventive Action
- Resolve & Closure
- Complaint Summary
- Customer Letter Creation
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the medical device complaint management market include IQVIA, Parexel, SAS, Wipro, Tata Consulting Services, Sparta Systems, Freyr, Biovia, Assurx, Master Control. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This section covers regional segmentation which accentuates on current and future demand for medical device complaint management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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Consistent with the report published by the experts the scope of the global Medical Device Complaint Management Market was valued at US$ 5.37 billion in 2017.
It is expected to record a 7.6% CAGR for the period of the forecast and is projected to touch 10.2 billion by the completion of 2026.
Drivers: The changeover from paper centered to the digital structure for following grievances is expected to boost the development.
Similarly, sympathetic government restructurings together with growing demand for automatic arrangement for the procedure of management of the complaint is estimated to additionally power the expansion of the market during the nearby years.
An electronic form, having multi pages confirms accurate recording of the information regarding complaint together with rearranging documents into a simple procedure.
The approval and demand of the medical device complaint management market all over the world can be credited to the increasing usage of software to upkeep the general procedure of the management of the complaint.
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.
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.
