Medical Device Testing Market Size, Industry Share | Forecast 2028

The global medical device testing services market size was valued at USD 9.75 billion in 2021, at a CAGR of 4.8% during the forecast period 2022 to 2028. The process of demonstrating that a system operates efficiently and securely in use is through the testing of medical equipment. It is an essential step in developing a ground-breaking idea into a useful and highly marketable final product. This is a typical test carried out by government-certified entities to see whether a medical device can satisfy the current safety and performance standards. The market for testing medical devices is expanding as a result of the growing demand for the validation and verification of medical devices. Increased regulation to preserve the high quality of the product is another factor that will support market growth.

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Medical Device Testing Market Growth Factors:
Diseases are becoming more common, which has created chances for producers to create new medical equipment. The design and manufacturing of medical devices is a difficult procedure. Medical device testing services are becoming more and more popular as a result of the challenges involved in manufacturing medical devices that will meet regulatory safety standards while also delivering the greatest results. Additionally, manufacturers are also conducting in-depth research to determine the need for testing services. Medical device testing services are thus gaining traction in the healthcare business as a result of the convergence of research, technology, and necessity. The need for medical device testing services is thus increasing. Moreover, the difficulties in developing medical devices locally and the high cost of healthcare devices in some locations may limit production, which would hinder the market's expansion. Long lead times for international qualifications and intense rivalry in the medical technology sector can also pose difficulties for the market's growth.

Medical Device Testing Market Segmentation:
The global medical device testing services market on the basis of services, market is segregated inspection services, testing services, certification services, and others. On the basis of technology, the market is categorized into in-vitro diagnostics, ophthalmic devices, active implantable devices, non-active medical devices, and vascular medical.

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Medical Device Testing Market Regional Analysis:
In terms of market sales and market share, North America now dominates the market for testing medical devices, and this dominance is expected to grow throughout the forecast period. This is because there is a growing market for medical device verification and validation in the area, and research is developing quickly.

Key players in the medical device testing market report are SGS SA (Switzerland), Toxikon Corporation (U.S.), Intertek Group plc (U.K.), WuXi AppTec (China), Charles River Laboratories, Inc. (U.S.), Innovatus Imaging Corporation (U.S.)

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