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Market surveillance

Market surveillance

In the United States, market surveillance is provided by several different agencies. The Securities and Exchange Commission's Division of Enforcement provides broad market surveillance and helps enforce securities laws. The Commodity Futures Trading Commission (CFTC) provides market oversight and protections for the commodities market. The National Futures Association is another self-regulatory organization that performs market surveillance. In the United Kingdom, the Financial Conduct Authority provides market surveillance for securities companies.

While market surveillance is important for product safety, it is also vital to product quality. This process involves evaluating medical devices in the field and performing post-market analysis. As such, PMS is a proactive, data-driven process that benefits the entire ecosystem. The EU MDR emphasizes the importance of post-market surveillance and leveraging the findings to enhance the safety and efficacy of medicines. This process must be performed in cooperation with other economic operators.

Post-market surveillance is essential for the health and safety of medical devices. It allows for comparison with other marketed devices, which can lead to product development and refinement. It also provides a more accurate picture of what works in real-world patient populations and whether the device is safe and effective. This data is critical for evaluating a medical device's safety, efficacy, and cost-effectiveness. It can also serve as an important tool for assessing the efficacy of a medical device after it has been on the market.

Post-market surveillance is an integral part of a device's development. The process of post-market surveillance is meant to identify problems that may arise with a medical device after it has been introduced to the market. The goal of post-market surveillance is to improve clinical outcomes of a product. In the US, the FDA has a system for collecting this data, known as the MAUDE database. In the EU, additional requirements must be met in order to earn the UKCA mark.

Market surveillance is a process that aims to identify design problems in a medical device after it has been released on the market. It is a key part of ensuring a safe and effective medical device. By ensuring that devices are safe and effective, market surveillance is essential for safety. In the European Union, the Medical Devices Coordination Group coordinates the surveillance process. In the US, post-market surveillance is conducted by regulators and manufacturers.

In Europe, the Competent Authority performs market surveillance. Its activities include monitoring and ensuring compliance with regulations. It also helps in creating an efficient and uniform medical device industry. There are many advantages to market surveillance. It ensures the safety of medical devices. While it is not a compulsory activity, it is a necessary one to ensure the health of consumers. The European Commission has a number of tools to monitor and harmonise products.

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