Medical Device Testing Services Market Size, Growth (2021-2027) | Top Key Vendors – Toxikon Corporation, Eurofins Scientific, Intertek Group plc, WuXi AppTec

Precision Business Insights published a research report on “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- Global/Region/Country Forecast to 2027”. Global medical device testing services market was valued at US$ 8.5 Bn in the year 2020 and is anticipated to record US$ 12.12 Bn till 2027 witnessing a CAGR of 5.2% over the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " 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- Global/Region/Country Forecast to 2027"

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New Developments in personalized Medicine as well as Drug Device Combination are bolstering the Market Growth
In the prevention, diagnosis and treatment of any disease, dressing and sophisticated lifesaving equipment medical devices have great significance. There are several medical device testing service providers perform distribution testing, market testing and supply chain corroboration. Growing adaptation of the wearable as well as transportable medical devices to monitor the patient immediately, new developments in personalized medicine and drug device combination are the major factors fuelling the growth of medical device testing market. Moreover, growing regulatory concentration on quality and safety control of medical devices is expected to boost the market growth over the forecast period. In addition, regional and even local medical industries aim at making the expansion of markets internationally. In order to avoid the breakdowns, industries are giving more focus on opting for medical devices testing services for the testing of market. On the other hand, the price of the services and the effect on devices costs are anticipated to hinder the growth of the market. Global medical device testing services market is categorized on the basis of region, service and technology.

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Regional Analysis
On the basis of regional analysis, market is categorized into different major regions such as Asia pacific, North America, Europe, Latin America and Middle East. Medical device testing services market in North America is anticipated to record considerable growth due to increasing regulatory necessities to enhance both the quality and safety of medical devices. Furthermore presence of major medical device testing service providers and manufacturers in the region and huge demand for the minimally invasive technologies are some significant factors projected to drive the growth of the market over the forecast period. Asia pacific medical devices testing services market is projected to witness profitable growth due to the growing inclination towards non-invasive techniques to treat different diseases in the region. In addition, growing population in major economies of this region such as India and China and economic upgrading is also expected to drive the market in Asia pacific. Medical device testing services market in Europe is also anticipated to grow at considerable rate due to the presence of leading medical devices manufacturers in the region.

Competitive Analysis
Key players operating in the global medical device testing market are Toxikon Corporation (U.S.), Eurofins Scientific (Luxembourg), Intertek Group plc (U.K.), WuXi AppTec (China), Charles River Laboratories, Inc. (U.S.) and Innovatus Imaging Corporation (U.S.).

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