Global Medical Device Testing Services Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Medical Device Testing Services Market: By services (Inspection Services, Testing Services, Certification Services, Others), By technology (In-vitro Diagnostics, Ophthalmic Devices, Active Implantable Devices, Non-Active Medical Devices, Vascular Medical)and By Region -Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Medical Device Testing Services Market: Global Market Dynamics

From the simple dressings to sophisticated lifesaving equipment medical devices play a crucial role in disease prevention, diagnosis, management,and treatment. Before it enters the market medical device testing helps to develop and validate the safety and effectiveness of the market. Furthermore, many of medical device testing service providers also perform market testing, distribution testing and validation of supply chain.

Medical device testing market is mainly driven by the emergence of advancements in drug device combination, personalized medicine, and increase in adaptation of the portable and wearable medical devices for real-time monitoring of patient. In addition, advanced technologies such as medical robots, ophthalmic surgical devices,and minimally invasive devices rapidly increased the adaptation of medical devices in patients. Furthermore, regional and local medical companies are expanding their markets internationally. To avoid the failures companies adopting the medical device testing services for market testing and supply chain validation. Furthermore, increased regulatory focus on safety and quality control of medical devices projected to bolster the medical device testing market over the forecast period. However, the cost of the services and the effect on device prices are expected to hamper the market growth over the forecast period.

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Market Scope: Global Medical Device Testing Services Market
Global medical device testing services market is segmented based on service, technology, and region.
By services, global medical device testing services market is segmented into
• Inspection Services
• Testing Services
• Certification Services
• Others
By technology, global medical device testing services market is segmented into
• In-vitro Diagnostics
• Ophthalmic Devices
• Active Implantable Devices
• Non-Active Medical Devices
• Vascular Medical Devices
• Others
By region, global Medical Device Testing Services market is segmented into
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa (MEA)

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Regional Analysis: Global Medical Device Testing Services Market
Geographically, global medical device testing services market is segmented into North America, Europe, Middle East and Africa, Asia Pacific and Latin America. North America medical device testing services market is expected to grow at significant rates owing to the strengthening of regulatory requirements for safety and quality of medical devices. In addition, growing demand for the minimally invasive technologies coupled with presence of the key medical device manufacturers and testing service providers in the region. Asia Pacific medical device testing services market expected to have lucrative growth over forecast period owing to improving healthcare infrastructure, adaptation of the non-invasive techniques for the treatment of various disease. Furthermore, economic improvement and growing population in countries like China and India projected to contribute more tothe Asia Pacific medical device testing services market. Europe medical device testing services market expected to have notable growth rates owing to the technological advancements in the medical devices and presence of key medical device manufacturers.

Competition Assessment: Global Medical Device Testing Services Market
Some of the players in global medical device testing services market includes
• SGS SA (Switzerland)
• Toxikon Corporation (U.S.)
• Eurofins Scientific (Luxembourg)
• Intertek Group plc (U.K.)
• WuXi AppTec (China)
• Charles River Laboratories, Inc. (U.S.)
• Innovatus Imaging Corporation (U.S.)

Notable Market Developments: Global Medical Device Testing Services Market
• In September 2017, Innovatus Imaging Corporation, a newly formed holding company by Resilience Capital Partners and other co-investors has acquired three medical device service companies, Multi Vendor Service (MVS), Wetsco and MD MedTech, LLC to expand their service offerings.

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Key Features of the Report:
The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key marketdevelopments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies and regulatory framework
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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