Medical Device Testing Market Trends, Size, Driving Factors, Top Companies Share,, Opportunity and Forecast 2022-2027

According to IMARC Group's latest report, titled "Medical Device Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global medical device testing market reached a value of US$ 11.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.0 Billion by 2027, exhibiting at a CAGR of 6.7% during 2022-2027.

Medical device testing is the process of inspecting the design and production efficiency of several medical equipment. It includes prototype, biocompatibility, microbiology and sterility testing, chemistry, package validation, electrical, mechanical and functional safety assessments and software testing. These tests are conducted for neuro, cardiovascular and orthopedic devices, dental implants and material components. Medical device testing ensures that the device is reliable and secured to be used in clinical or emergency settings. As a result, it finds extensive applications across clinics, hospitals, and other healthcare and diagnostic centers.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Medical Device Testing Market Trends:

Rapid growth in the medical industry, along with the escalating requirement of validation and verification of medical devices, is primarily creating a positive outlook for the market. Moreover, as the coronavirus disease continues to spread across the globe, there has been a considerable increase in the demand for efficient testing systems to develop low-cost medical devices, which is further bolstering the market growth. Additionally, several technological innovations, such as the utilization of artificial intelligence (AI), automation, and robotics in the testing processes, are acting as other major growth-inducing factors. These technologies increase the accuracy of clinical equipment and wearable medical devices with minimal human intervention in the testing processes. Besides this, the growing adoption of outsourced testing services across the globe is anticipated to further drive the market growth in the coming years.

Medical Device Testing Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global medical device testing market has also been examined along with the profiles of the key players.

Some of these key players include:

American Preclinical Services LLC
Charles River Laboratories Inc.
Element Materials Technology
Eurofins Scientific LLC
Intertek Group Plc
North American Science Associates Inc.
Pace Analytical Services LLC (LAB Holdings Inc.)
SGS SA
Sterigenics U.S. LLC (Sotera Health LLC)
Toxikon Corporation
TÜV Rheinland Aktiengesellschaft
TÜV SÜD Aktiengesellschaft
WuXi AppTec.

Market Segmentation:

The report has segmented the medical device testing market based on service, type, testing type, device class, device type, and region.

Breakup by Service:
Testing Services
Inspection Services
Others

Breakup by Type:
In-House
Outsourced

Breakup by Testing Type:
Biocompatibility Testing
Chemistry Testing
Bio-Burden Determination
Anti-Microbial Activity and Sterility Testing
Others

Breakup by Device Class:
Class I
Class II
Class III

Breakup by Device Type:
Implantable Medical Devices
Non-Active Medical Devices
In-Vitro Diagnostic Medical Devices
Ophthalmic Medical Devices
Others

Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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