Medical Device Testing Services Market to reach 11.7% of CAGR by 2027 - Eurofins, Toxikon, Pace Analytical Services, ntertek Group, NORTH AMERICAN SCIENCE ASSOCIATES, Charles River
Medical devices are very critical as they have a direct impact on patient's live. To deliver high-quality and safe experiences to the patients medical device manufacturers test the medical devices before delivering it to the market. Medical device manufactures prefer to do in-house testing or outsource the testing services to the contract research organizations (CROs) to comply with the stringent regulatory guidelines. The testing of the medical devices are to ensure the service safety, quality and consistency during all stages of development and usage of medical device. The medical treatment is highly dependent on medical devices, hence it's important to ensure that the testing of medical devices is done with the outmost proficiency.
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Key Players Operating in the Medical Device Testing Services Market-
1. SGS SA
3. Eurofins Scientific
4. Pace Analytical Services LLC.
5. Intertek Group plc
6. Wuxi AppTec.
7. TÜV SÜD AG
8. NORTH AMERICAN SCIENCE ASSOCIATES INC.
9. Charles River
10. Sterigenics, LLC
The medical device testing services market is anticipated to grow in the forecast period owing to key factors such as increasing complexity of medical devices design along with stringent regulations for medical devices is anticipated to drive the market growth during the forecast period. Also, growing number of market players in the medical device industry and increasing number of small medical device manufacturers that lack in-house testing capabilities also influence the growth of medical device testing services market. However, contractual obligations and other legal issues hampers growth of this market.
The global medical device testing services market is segmented on the basis of service, and phase. Based on service, the medical device testing services market is segmented as biocompatibility test, chemistry test, microbiology & sterility testing, package validation. Based on phase, the medical device testing services market is segmented as preclinical, clinical, and others.
The report analyzes factors affecting medical device testing services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the medical device testing services market in these regions.
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