Medical Device Testing Services Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: SGS SA, Toxikon, Inc, American Preclinical Services, Sterigenics International LLC

Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global Medical Device Testing Services Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 11.5% during the review period (2022 to 2027).

Medical Device Testing Services Market Overview

The global medical device testing market is majorly driven by the series of development in the field of drug-device combination, personalized medicine, and elevated adaption of various portable and wearable medical devices.Technological developments such as implementation of IoT and AI in numerous devices is also a key growth parameter for global medical device testing service market. The growth of multiple businesses in the market to international level is yet again helping the market to develop. Finally, focus on complying with stringent regulations regarding medical devices, manufacturers is investing heavily on testing their devices. This, as a result, acts as a plus for the development of the global medical device testing service market.

Ongoing technological development in the medical industry is also likely to have a positive impact on the demand for testing services during the forecast period 2022-2027. Development in the development and standardization of novel in-vitro test methods, particularly for sensitization, cytotoxicity, and irritation, is also likely to boost market growth. These are some of the most basic tests essential for all medical devices.

Industry News:

November 18, 2021:Labcorp (NYSE: LH), a leading global life sciences company, announced that it has entered into a definitive agreement to acquire Toxikon, a contract research organization delivering best-in-class nonclinical testing services. Once completed, the transaction will create a strategic footprint for Labcorp to partner with pharmaceutical and biotechnology clients in the Boston, Mass., area and bolster its strong nonclinical development portfolio.

Who are the Major Players in Medical Device Testing Services Market?

The Medical Device Testing Services Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes SGS SA, Toxikon, Inc, American Preclinical Services, Sterigenics International LLC, River Laboratories International Inc, Medical Device Testing Services, North America Science Associates Inc, Euro fins Scientific, Pace Analytical Services LLC, Intertek Group Plc and others.

What are the major Applications, Types and Regions for Medical Device Testing Services Market?

Medical Device Testing Services Market is segmented based on the service, phase, applications, companies and regions.

Medical Device Testing Services in Healthcare Market by Service

• Biocompatibility Test


• Chemistry Test


• Microbiology & Sterility Testing


• Package Validation

Medical Device Testing Services in Healthcare Market by Phase

• Preclinical


• Clinical

Medical Device Testing Services Market Regional Analysis

The Asia Pacific region led the global market with the largest market share of 40% in previous year. The region is also expected to grow at a substantial rate during the forecast period due to the growing global interest in China and India markets, stringent product approval in countries such as China, and the advancements in healthcare infrastructure. China is the principal exporter for many companies around the world, which has resulted in an increase in medical device testing services within the country to maintain compliance with international standards.

North America accounted for the second-largest share in previous year and is anticipated to grow at CAGR similar to the global market during the forecast period. The main aspects driving this regional market are anticipated to be growing complexity in product design and growing efforts toward cost-cutting.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Medical Device Testing Services Market report scope?

Key Takeaways from this Medical Device Testing Services Report

• Evaluate Medical Device Testing Services market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Medical Device Testing Services market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.


• It further investigates the specifics that are positively impacting the profit graph of this business sphere.


• The study also elaborates the critical factors which will augment the commercial terrain of the Medical Device Testing Services market.

Frequently Asked Questions

What is the study period of this market?

The Medical Device Testing Services Market is studied from 2017 - 2027.

What is the growth rate of Medical Device Testing Services Market?

The Medical Device Testing Services Market is growing at a CAGR of 11.5% over the next 5 years.

Who are the leading key players in Medical Device Testing Services Market?

SGS SA, Toxikon, Inc, American Preclinical Services, Sterigenics International LLC, River Laboratories International Inc, Medical Device Testing Services, North America Science Associates Inc, Euro fins Scientific, Pace Analytical Services LLC, Intertek Group Plc

What regions regions does this Medical Device Testing Services Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant service of Medical Device Testing Services Market?

Biocompatibility Test, Chemistry Test, Microbiology & Sterility Testing, Package Validation

What are the significant phase of Medical Device Testing Services Market?

Preclinical, Clinical

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.