Medical Device Testing Services Market with Leading Players like SGS SA, Eurofins, Toxikon, Pace Analytical Services, LLC Intertek Group plc, North American Science Associates Inc. Charles River WuXi AppTec, Element Materials Technology, TÜV SÜD AG

An off-the-shelf report on Medical Device Testing Services Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.

The global medical device testing services market is anticipated to reach US$ 14,660.1 Mn in 2027 from US$ 5,505.4 in 2019. The market is projected to grow with a CAGR of 11.7% from 2020-2027.

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The key players influencing the market are:

SGS SA
Eurofins
Toxikon
Pace Analytical Services, LLC
Intertek Group plc
North American Science Associates Inc.
Charles River
WuXi AppTec
Element Materials Technology
TÜV SÜD AG

Strategic Insights

There have been limited developments made in the medical device testing services market during recent years. However, growth strategies such as approvals, collaborations, and partnerships have been witnessed in the market of medical device testing services. For instance, in September 2018, Charles River Laboratories announced its acquisition of Microgenetix, which is the premier provider of microbial identification services for biopharmaceutical, biotechnology, medical device, personal care, food, beverage, and dairy companies across Australia.

MEDICAL DEVICE TESTING SERVICES MARKET – MARKET SEGMENTATION

Global Medical Device Testing Services Market – By Service

Biocompatibility Test
Chemistry Test
Microbiology & Sterility Testing
Package Validation
Global Medical Device Testing Services Market – By Phase

Preclinical
Clinical
By Geography

North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
South and Central America
Brazil
Argentina

Medical Device Testing Services Market - Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/ position of top 5 key vendors.

Medical Device Testing Services Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

Key Benefits
 This report provides a detailed study of Medical Device Testing Services market trends and forecast from 2020 to 2027, which assist to identify the prevailing market opportunities.
 In-depth coverage of the global Medical Device Testing Services market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
 This study further includes market analysis in terms of type and applications.
 Detailed study of the strategies of key leaders, partnerships, and acquisitions in the Medical Device Testing Services market is provided.

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This release was published on openPR.