Materiovigilance Market By Delivery Mode (On-premise and On-cloud), By Application (Diagnostic Application, Research Application, Surgical Application, Therapeutic Application, Others), By End Users (Business Process Outsourcing, Contract Research Organization, Original Equipment Manufacturers, Others), and By Region - Size, Share, and Opportunity Analysis, 2021 - 2027
Report Description
The global Materiovigilance Market size is estimated at USD 90,504.1 Million in 2020, expanding at a CAGR of 8.2% from 2021-2027 to reach 118,003.3 Million USD in 2027.
Market Dynamics
Materiovigilance, commonly known as medical device vigilance, is the assessment, collection, detection, and reporting of patterns in medical device-related occurrences. The goal of medical device vigilance is to safeguard patients, health institutions that use medical equipment, and others by avoiding or lowering the occurrence of mistakes that result in dangerous occurrences and unpleasant effects. Materialovigilance monitors the identification of technical difficulties and potentially harmful effects connected with medical equipment. Materiovigilance includes adverse reactions, postmarket surveillance, events, and medical device shortages. Adverse responses to medical equipment can occur and have serious implications.
Factors such as increased releases of medical equipment security plans and an increase in the number of medical equipment platforms are likely to boost the growth of the worldwide materiovigilance market during the forecast period. For example, the MDISS, a non-profit expert group focused on medical device security and safety, created the WHISTL for medical devices. WHISTL focuses on medical product security and education management and development. According to data published by Meditology Services, which is an IT firm that delivers privacy and security threat assessment solutions, the U.S. Food and Drug Administration proposed a plan to keep improving cybersecurity practices for medical devices in August 2021 in reaction to the White House's attempt to bolster cybersecurity across the distribution chain.
Regional Insights
North America is predicted to have a leading position in the worldwide materiovigilance market throughout the projected timeframe, owing to increased releases of medical device security programs. For example, in January 2019, the Healthcare and Public Health Sector, which helps protect all industries from threats such as infectious disease outbreaks, terrorism, and natural calamities, introduced a new joint security policy known as the Medical Device Security and Health IT Joint Security Solution.
Segment Insights
Delivery Mode, Application, and end-users are the three segments that make up the Materiovigilance market. The research application segment is predicted to have the highest CAGR in the global materiovigilance market in the upcoming years. Increasing R&D spending by players, organizations, and governments, among others, is likely to boost segment growth throughout the forecast period. The broad range of medical equipment participating in R&D activities would enhance the requirement to ensure the safety of this equipment, promoting market expansion.
Competitive Insights
Major companies in the industry participate in strategic acquisitions and mergers, alliances, and new product releases to stay competitive in the market. Veeva Systems Inc., for example, has released a new version of Veeva Vault Product Surveillance around April 2020. The firm is the market leader in cloud-based software. The software has been released for use in diagnosis and medical equipment.
The report begins with an overview of the Industry Chain structure, describes the industry environment, then analyses the market size and forecast of the Materiovigilance Market by Delivery Mode, Application, End Users, formulation, application, and region. In addition, this report introduces the market competition situation among the vendors, and company profile, besides, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- AB-Cube
- AssurX
- Intel
- Laerdal Medical
- MDI Consultants
- Numerix
- Omnify Software
- Oracle Corporation
- Qserve
- QVigilance
- Sarjen Systems Pvt. Ltd.
- Sparta Systems
- Xybion Corporation
- ZEINCRO
Delivery Mode Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- On-premise
- On-cloud
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Diagnostic Application
- Research Application
- Surgical Application
- Therapeutic Application
- Others
End-User Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Business Process Outsourcing
- Contract Research Organization
- Original Equipment Manufacturers
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1. Materiovigilance Market Overview
1.1. Product Overview and Scope of Materiovigilance Market
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Materiovigilance Market Size Growth Rate Analysis by Delivery Mode 2020 VS 2027
1.3.1. On-premise
1.3.2. On-cloud
1.4. Global Materiovigilance Market Consumption Comparison by Application: 2020 VS 2027
1.4.1. Diagnostic Application
1.4.2. Research Application
1.4.3. Surgical Application
1.4.4. Therapeutic Application
1.4.5. Others
1.5. Global Materiovigilance Market Consumption Comparison by End User: 2020 VS 2027
1.5.1. Business Process Outsourcing
1.5.2. Contract Research Organization
1.5.3. Original Equipment Manufacturers
1.5.4. Others
1.6. Global Materiovigilance Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Materiovigilance Market Estimates
1.6.2. Europe Materiovigilance Market Estimates
1.6.3. China Materiovigilance Market Estimates
1.6.4. Japan Materiovigilance Market Estimates
2. Market Competition by Manufacturers
2.1. Global Materiovigilance Market Revenue Market Share by Manufacturers (2020)
2.2. Materiovigilance Market Share by Company Delivery Mode (Tier 1, Tier 2 and Tier 3)
2.3. Global Materiovigilance Market Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Materiovigilance Market Production Sites, Area Served, Delivery Modes
2.5. Materiovigilance Market Competitive Situation and Trends
2.5.1. Materiovigilance Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Materiovigilance Market Consumption by Region (2016-2021)
3.1. Global Materiovigilance Market Consumption by Region
3.2. Global Materiovigilance Market Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Materiovigilance Market Consumption Growth Rate (2016-2021)
3.2.3. North America Materiovigilance Market Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Materiovigilance Market Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Materiovigilance Market Consumption Growth Rate (2016-2021)
3.2.7. Europe Materiovigilance Market Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Materiovigilance Market Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Materiovigilance Market Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Materiovigilance Market Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Materiovigilance Market Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Materiovigilance Market Consumption Growth Rate (2016-2021)
3.2.15. South America Materiovigilance Market Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Materiovigilance Market Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Materiovigilance Market Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Materiovigilance Market Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Materiovigilance Market Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Materiovigilance Market Consumption by Delivery Mode (2016-2021)
4.1. Global Materiovigilance Market Price by Delivery Mode (2016-2021)
4.2. Global Materiovigilance Market Revenue Market Share by Delivery Mode (2016-2021)
4.2.1. On premise
4.2.2. On-cloud
5. Global Materiovigilance Market Consumption by Application (2016-2021)
5.1. Global Materiovigilance Market Price by Application (2016-2021)
5.2. Global Materiovigilance Market Revenue Market Share by Application (2016-2021)
5.2.1. Diagnostic Application
5.2.2. Research Application
5.2.3. Surgical Application
5.2.4. Therapeutic Application
5.2.5. Others
6. Global Materiovigilance Market Consumption by End User (2016-2021)
6.1. Global Materiovigilance Market Price by End User (2016-2021)
6.2. Global Materiovigilance Market Revenue Market Share by End User (2016-2021)
6.2.1. Business Process Outsourcing
6.2.2. Contract Research Organization
6.2.3. Original Equipment Manufacturers
6.2.4. Others
7. Key Companies Profiled
7.1. AB-Cube
7.1.1. AB-Cube Materiovigilance Market Corporation Information
7.1.2. AB-Cube Materiovigilance Market Product Portfolio
7.1.3. AB-Cube Materiovigilance Market Consumption, Price and Gross Margin (2016-2021)
7.1.4. AB-Cube Main Business and Markets Served
7.1.5. AB-Cube Recent Developments/Updates
7.2. AssurX
7.3. Intel
7.4. Laerdal Medical
7.5. MDI Consultants
7.6. Numerix
7.7. Omnify Software
7.8. Oracle Corporation
7.9. Qserve
7.10. QVigilance
7.11. Sarjen Systems Pvt. Ltd.
7.12. Sparta Systems
7.13. Xybion Corporation
7.14. ZEINCRO
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Materiovigilance Market Distributors List
8.3. Materiovigilance Market Customers
9. Market Dynamics
9.1. Materiovigilance Market Industry Trends
9.2. Materiovigilance Market Growth Drivers
9.3. Materiovigilance Market Challenges
9.4. Materiovigilance Market Restraints
10. Global Materiovigilance Market Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Materiovigilance Market, by Regions and Country
10.1.1. North America Forecasted Consumption of Materiovigilance Market by Country
10.1.2. Europe Market Forecasted Consumption of Materiovigilance Market by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Materiovigilance Market by Region
10.1.4. Latin America Forecasted Consumption of Materiovigilance Market by Country
10.1.5. Middle East and Africa Forecasted Consumption of Materiovigilance Market by Country
11. Global Materiovigilance Market Consumption and Demand Forecast, by Device Segments (2022-2027)
11.1. Global Forecasted Consumption of Materiovigilance Market by Device Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Materiovigilance Market by Device Segments (2022-2027)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Delivery Mode
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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