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. 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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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. Looking forward, IMARC Group expects the global medical device testing market to reach US$ 16.0 Billion by 2027, exhibiting at a CAGR of 6.7% during 2022-2027.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 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:
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
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
About Us
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.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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