Press release
Emerging Trends to Drive Medical Device Testing Market Growth at 6.2% CAGR Through 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Medical Device Testing Market Size Growth Forecast: What to Expect by 2025?
Strong expansion has been observed in the valuation of the medical device testing sector recently; its scale is projected to increase from $9.89 billion recorded in 2024 to reach $10.46 billion the following year, reflecting a compound annual growth rate of 5.7%. This upward trajectory during the earlier period is primarily linked to several factors, including the imposition of rigorous compliance standards, the escalating intricacy inherent in modern medical apparatus, the worldwide expansion of the medical technology sector, a notable surge in the prevalence of long-term illnesses, and a heightened emphasis placed on safeguarding patient well-being.
How Will the Medical Device Testing Market Size Evolve and Grow by 2029?
Anticipation surrounds the medical device testing sector, signaling robust expansion over the coming years, projected to reach a valuation of 13.33 billion dollars by 2029, fueled by a compound annual growth rate (CAGR) of 6.2%. This forthcoming surge in market size is underpinned by several key factors: progress in medical technology, the rising tendency to outsource testing operations, the swift development of customized medical treatments, an evolving regulatory environment, and greater attention devoted to securing medical device software against cyber threats. Key developments anticipated during this forecast timeframe comprise intensified testing mandates related to regulatory adherence, broader implementation of biocompatibility assessment approaches, greater utilization of simulation and modeling methods, a heightened need for sterility verification, and the emergence of testing protocols designed for networked devices.
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What Drivers Are Propelling the Growth of Medical Device Testing Market Forward?
The escalating frequency of medical device recalls is serving as a major impetus for the growth of the medical device testing market. Since a device recall involves the manufacturer or distributor undertaking remedial measures to retrieve or rectify defects in the medical equipment, manufacturers utilize medical device testing to pinpoint inherent safety risks associated with their products. This testing is instrumental in assessing the need for a medical recall to safeguard patient well-being and confirm device efficacy, thereby contributing to overall product enhancement and the prevention of future recalls. As an illustration, data from Sedgwick, a US-based IT services management firm, showed that the second quarter of 2022 saw 719 medical recalls, marking an 11% escalation compared to the first quarter of that year; consequently, this upward trend in medical device recalls is fueling the expansion of the medical device testing sector.
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Which Emerging Trends Are Transforming the Medical Device Testing Market in 2025?
A significant movement within the medical device assessment sector currently revolves around novel product introductions. Leading firms are launching inventive offerings to secure and maintain their competitive footing. As an illustration, in February of 2022, Nelson Labs, a firm situated in the US specializing in laboratory testing solutions, unveiled Nelson Labs Mark, a verification initiative for product assessment designed to validate testing documentation and supply reliable metrics concerning how products function. This new offering represents a program for both testing and confirming medical devices, distinguished by its incorporation of two-factor authentication accessible by the end client to verify the authenticity of the conducted tests. Initially, this verification process is being targeted toward respiratory protection equipment, specifically masks and respirators.
What Are the Key Segments in the Medical Device Testing Market?
The medical device testingmarket covered in this report is segmented -
1) By Testing Type: Physical Testing; Chemical Or Biological Testing; Cybersecurity Testing; Microbiology And Sterility Testing; Other Testing Type
2) By Device Class: Class I; Class II; Class III
3) By Sourcing Type: In-House; Outsourced
4) By Service Type: Testing Services; Inspection Services; Certification Services
5) By End-User: Hospital; Research Center; Homecare Clinics; Other End-User
Subsegments:
1) By Physical Testing: Mechanical Testing; Environmental Testing; Electrical Testing
2) By Chemical Or Biological Testing: Chemical Composition Analysis; Biocompatibility Testing; Toxicological Assessment
3) By Cybersecurity Testing: Vulnerability Assessment; Penetration Testing; Risk Assessment
4) By Microbiology And Sterility Testing: Microbial Contamination Testing; Sterility Assurance Testing; Endotoxin Testing
5) By Other Testing Types: Performance Testing; Usability Testing; Regulatory Compliance Testing
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Who Are the Key Players Shaping the Medical Device Testing Market's Competitive Landscape?
Major companies operating in the medical device testing market include Intertek Group plc., SGS SA, Bureau Veritas Group, TUV SUD AG, TUV Rheinland Group, Pace Analytical Services LLC., Charles River Laboratories Inc., UL Solutions, North American Science Associates LLC, Medistri SA, WuXi AppTec Inc., Cordant Health Solutions, GE Healthcare Technologies Inc., Thermo Fisher Scientific Inc., Biomedical Device Labs, NSF International, Analytical Lab Group LLC, Boston Analytical, DDL Inc., Element Materials Technology, Empirical Testing Corp., Eurofins Scientific, Gateway Analytical LLC, iuvo BioScience, Laboratory Corporation of America Holdings, Microtest Laboratories Inc., Nelson Laboratories LLC, National Technical Systems Inc., Pacific Biolabs Inc., Sterigenics International LLC, Toxikon Corporation, WCG Imaging, Westpak Inc.
What Geographic Markets Are Powering Growth in the Medical Device Testing Market?
North America was the largest region in the medical device testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the medical testing device market report during the forecast period. The regions covered in the medical device testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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