Materiovigilance Market on Upward Trajectory Expected to Hit USD 162.4 Billion by 2033
The Materiovigilance Market is poised for substantial expansion, predicted to reach around USD 162.4 billion by 2033, a notable increase from USD 76.6 billion recorded in 2023. This growth trajectory is forecasted to maintain a steady pace, with a compound annual growth rate (CAGR) of 7.8% from 2024 to 2033. Materiovigilance, akin to pharmacovigilance, focuses on monitoring and managing adverse events associated with medical devices. It involves surveillance, assessment, and reporting to enhance patient safety. By collecting and analyzing data on adverse events and device performance, materiovigilance helps identify and address potential risks throughout the device's lifecycle. Regulatory bodies and…
- Date: March 5, 2024
- Author: Robert Shaw
- Category: PharmiWeb