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Role Of Chronic Diseases In Boosting The Medical Device Testing Services Market Driver: A Major Catalyst in the Evolution of the Medical Device Testing Services Market in 2025
How Is the Medical Device Testing Services Market Projected to Grow, and What Is Its Market Size?The medical device testing services market is expected to grow from $9.25 billion in 2024 to $10.21 billion in 2025, at a CAGR of 10.4%. This growth is due to industry consolidation, quality assurance needs, focus on patient safety, medical device globalization, and increasing complexity of medical devices.
The medical device testing services market is expected to reach $14.22 billion by 2029 at a CAGR of 8.6%. This growth is due to the rapid expansion of the medical device industry, emerging markets, and regulatory changes. Trends include sustainable testing practices, personalized medicine, advancements in testing technologies, and in vitro diagnostic services expansion.
What Are the Key Drivers Behind the Growth of the Medical Device Testing Services Market?
The rising prevalence of chronic diseases is also expected to drive the medical device testing services market. With an increasing number of individuals affected by chronic conditions, medical device testing services are essential in ensuring device safety, efficacy, and quality. The National Library of Medicine projects that the number of people affected by chronic diseases will nearly double by 2050, further propelling the demand for testing services.
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Who Are the Major Industry Players Fueling Medical Device Testing Services Market Expansion?
Major companies operating in the medical device testing services market are Laboratory Corporation of America Holdings, Eurofins Scientific SE, SGS SA, Bureau Veritas SA, WuXiAppTec Group, Steris plc, Sartorius AG, Charles River Laboratories International Inc., Altran Corporation, TUV SUD AG, Element Minnetonka, Underwriters Laboratories LLC, Intertek Group Plc., QTS Analytical Limited, Pace Analytical Services LLC., Sterigenics International LLC, Nelson Laboratories LLC, Exova Group Limited, Mérieux NutriSciences Corporation, American Preclinical Services LLC, Toxikon Corporation, North American Science Associates Inc., Avomeen Analytical Services LLC, Element Materials Technology Group Limited, Sionic Advisors LLC, Medical Engineering Technologies Ltd.
What Are the Latest Innovations in the Medical Device Testing Services Market?
In the medical device testing services market, companies are embracing new technologies for comprehensive testing solutions. These services ensure medical device safety, compliance, and effectiveness. For instance, in October 2023, UL Solutions, a US-based provider of testing, inspection, and certification services, introduced new medical device testing services at its Rochester Hills laboratory. These services include compliance training, usability testing, and third-party verification. They help manufacturers improve device safety, security, usability, and interoperability, ensuring quality and cybersecurity.
How Is the Segmentation of the Medical Device Testing Services Market Defined?
The medical device testing services market covered in this report is segmented -
1) By Product: Active Implant Medical Device, Active Medical Device, Non-Active Medical Device, In-Vitro Diagnostics Medical Device, Ophthalmic Medical Device, Orthopedic And Dental Medical Device, Vascular Medical Device, Other Products
2) By Service: Biocompatibility Tests, Chemistry Test, Microbiology And Sterility Test, Package Validation
3) By Phase: Preclinical, Clinical
Subsegments:
1) By Active Implant Medical Device: Pacemakers, Implantable Defibrillators, Neurostimulators
2) By Active Medical Device: Infusion Pumps, Diagnostic Equipment, Therapeutic Equipment
3) By Non-Active Medical Device: Surgical Instruments, Patient Monitoring Equipment, Bandages And Dressings
4) By In-Vitro Diagnostics Medical Device: Blood Test Kits, Urine Test Strips, Molecular Diagnostic Devices
5) By Ophthalmic Medical Device: Contact Lenses, Surgical Instruments For Eye Surgery, Diagnostic Equipment For Eye Care
6) By Orthopedic And Dental Medical Device: Joint Replacement Implants, Orthotic Devices, Dental Crowns And Bridges
7) By Vascular Medical Device: Stents, Catheters, Vascular Grafts
8) By Other Products: Miscellaneous Medical Devices, Custom Medical Devices, Combination Products
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What Is the Leading Region in the Medical Device Testing Services Market?
Asia-Pacific was the largest region in the medical device testing services market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Medical Device Testing Services Global Market Report?
- Market Size Analysis: Analyze the Medical Device Testing Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Device Testing Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Device Testing Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Device Testing Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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