Medical Device Vigilance Market 2020 - ZEINCRO, AssurX, Inc., Sparta Systems, Oracle Corporation, Xybion Corporation

CMI analyses the Medical device vigilance trends, by country, for a five year review period (2020-2027) forecast period. Our regular clients asked us to produce detailed market segmentation, and this is what you will find here: a report without any unnecessary padding, giving a unique analysis of the sector.

Major Companies Covered in this report:-

1 ZEINCRO.
2 AssurX, Inc.
3 Sparta Systems.
4 Oracle Corporation.
5 Xybion Corporation.
6 Sarjen Systems Pvt. Ltd.

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Medical device vigilance includes post market surveillance, adverse reactions, incidents and recalls of medical devices. The main purpose of medical device vigilance is to improve health and safety of patients by reducing reoccurrence of incidences related to use of medical devices. Adverse reactions can occur due to use of medical devices and can have severe consequences.

Increasing number of recall systems is one of the major factors driving the market growth. For instance, in April 2017, the South Korean Ministry of Food and Drug Safety (MFDS) launched a new recall system called ‘Harmful Medical Device Distribution Shutdown System’, for medical devices. Examples of medical devices recalled under this system are thermometers, pregnancy test kits, and electronic blood pressure monitors.

Furthermore, increasing number of post market surveillance programs for medical devices is expected to propel growth of the medical device vigilance market. For instance, in April 2015, Lombard Medical, Inc. launched a post market surveillance program for Aorfix. Aorfix is a medical device, used for the treatment of patients with aortic neck angulations up to 90 degrees.

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Increasing number of post market surveillance studies for medical devices is expected to drive the growth of the medical device vigilance market. For instance, in July 2017, LifeTech Scientific Corporation launched a post market surveillance study for its LAmbre Left Atrial Appendage (LAA) Closure System which is used for treatment of atrial fibrillation. The post market surveillance study maintains the clinical safety records of LAmbre Left Atrial Appendage (LAA) Closure System.

Furthermore, rising government initiatives regarding medical device safety and recall is expected to boost the medical device vigilance market growth. For instance, in August 2018, Drug Regulatory Authority of India announced to launch a mobile app (Medical Device Reporting) which will provide information regarding safety and recall notices of products. This app will send a message to users and report injuries and problems related to medical devices. The app is a post market surveillance tool which is used by the Central Drug Standards Controller Organization.

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Key players operating in the global medical device vigilance market include, ZEINCRO, AssurX, Inc., Sparta Systems, Oracle Corporation, Xybion Corporation, Sarjen Systems Pvt. Ltd., MDI Consultants, Inc., AB-Cube, Laerdal Medical, and Omnify Software, Inc.

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