Medical Device Complaint Management Market to reach over USD 9.66 Billion by 2028 | Polaris Market Research

The global medical device complaint management market size is expected to reach USD 9.66 billion by 2028 according to a new study by Polaris Market Research.

The medical device complaint management industry is flooded with mobile apps in the complaint resolution market, as they are easier to manage, operate, and affordable. In line with this, U.S.-based company "Intellect" has started providing customers with complaint registry, query generation, and ticket escalation. It provides native mobile apps, easily available on the Google Play store, such as the Intellect app.

Moreover, strong support from the government also supports the adoption of apps and services. For instance, FDA always encouraged caregivers, healthcare providers, consumers, and patients to provide details of any adverse events and product issues to MedWatch. This is the FDA's "Safety Information and Adverse Event Reporting Program" or by the means of a mobile app.

This app accelerates the process of complaint resolution by devising a four-step process, to be submitted electronically. Thus, the emergence of mobile apps for managing complaints is also projected to foster market growth for medical device complaint management.

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Europe medical device complaint management industry is estimated to account for the second-largest market revenue share. The region's market is highly regulated, and it is mandatory for all the companies based or operating in the region to report malfunctioning or any kind of Field Safety Corrective Actions (FSCA) to the regulatory agencies.

Manufacturers not complying with the rules and regulations are likely to face huge monetary fines. Key market players operating in the medical device complaint management industry include Tata Consulting Services (TCS), Biovia, AssurX, Freyr, SAS, Parexel International Corporation, IQVIA, Wipro, Sparta Systems, and Master Control.

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Polaris Market research has segmented the medical device complaint management market report on the basis of service, end-use and region:

Medical Device Complaints Management, Service Outlook (Revenue - USD Million, 2016 - 2028)

• Complaints Log/Intake
• Product Surveillance & Regulatory Compliance
• Returned/Non-Returned Product Analysis
• Resolve & Closure

Medical Device Complaints Management, End-Use Outlook (Revenue - USD Million, 2016 - 2028)

• Hospitals
• Specialty Clinics
• Ambulatory Services

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