PUBLISHER: 360iResearch | PRODUCT CODE: 1397834
PUBLISHER: 360iResearch | PRODUCT CODE: 1397834
The Medical Device Testing Market is projected to reach USD 18.40 billion by 2030 from USD 10.07 billion in 2022, at a CAGR of 7.81% during the forecast period.
Global Medical Device Testing Market
KEY MARKET STATISTICS | |
---|---|
Base Year [2022] | USD 10.07 billion |
Estimated Year [2023] | USD 10.83 billion |
Forecast Year [2030] | USD 18.40 billion |
CAGR (%) | 7.81% |
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Medical Device Testing Market.
Based on Service Type, market is studied across Certification Services, Inspection Services, and Testing Services. The Testing Services commanded largest market share of 47.97% in 2022, followed by Certification Services.
Based on Test Type, market is studied across Chemical, Physical, & Biocompatibility Testing, Cybersecurity Testing, Electrical Safety, Environmental Testing, and Mechanical Testing. The Chemical, Physical, & Biocompatibility Testing commanded largest market share of 31.74% in 2022, followed by Electrical Safety.
Based on Device Class, market is studied across Class I, Class II, and Class III. The Class III commanded largest market share of 58.51% in 2022, followed by Class I.
Based on Phase, market is studied across Clinical and Preclinical. The Clinical commanded largest market share of 57.46% in 2022, followed by Preclinical.
Based on Device Type, market is studied across Active Implant Medical Device, Active Medical Device, In-Vitro Diagnostic Medical Device, Mobile Medical Devices, Non-Active Medical Device, Ophthalmic Medical Device, Orthopedic & Dental Medical Device, and Vascular Medical Device. The Ophthalmic Medical Device commanded largest market share of 18.84% in 2022, followed by Non-Active Medical Device.
Based on Sourcing Type, market is studied across In-House and Outsourced. The Outsourced commanded largest market share of 52.34% in 2022, followed by In-House.
Based on End-Users, market is studied across Contract Manufacturing Organization, Medical Device Manufacturers, and Research Institutions. The Medical Device Manufacturers commanded largest market share of 46.34% in 2022, followed by Contract Manufacturing Organization.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.43% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
The FPNV Positioning Matrix is an indispensable tool for assessing the Medical Device Testing Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
The Market Share Analysis offers invaluable insights into the vendor landscape Medical Device Testing Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
The report delves into recent significant developments in the Medical Device Testing Market, highlighting leading vendors and their innovative profiles. These include 5D Health Protection Group Ltd., Alliance Technologies, LLC, Almac Group Limited, AMETEK, Inc., Applied Technical Services, LLC, Bioneeds India Pvt. Ltd., Boston Analytical, Bureau Veritas S.A., Cetecom Advanced GmbH, Charles River Laboratories, Inc., Clark Testing, DDL, Inc., DEKRA SE, Device Conformity and Testing, LLC, Element Materials Technology, Eurofins Scientific SE, ImpactQA, Innovatech Labs, LLC, Intertek Group PLC, iuvo BioScience, LLC, Laboratory Corporation of America Holdings, Maven Profcon Services LLP, Measur Oy, MED Institute Inc., Medical Engineering Technologies, Nemko Group, North American Science Associates, LLC, Pace Analytical Services, LLC, Q Laboratories, Inc., Qualitest Group, Qualizeal India LLP, Sanbor Medical Corporation, ScienceSoft Corporation, SGS S.A., STEMart, Sterigenics U.S., LLC by Sotera Health company, STERIS PLC, TA Instruments by Waters Corporation, Tentamus Group GmbH, Test Labs Ltd., The British Standards Institution, The Smithers Group Inc., TUV SUD AG, UL LLC, and WESTPAK, Inc..
1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast for the Medical Device Testing Market?
2. Which products, segments, applications, and areas hold the highest investment potential in the Medical Device Testing Market?
3. What is the competitive strategic window for identifying opportunities in the Medical Device Testing Market?
4. What are the latest technology trends and regulatory frameworks in the Medical Device Testing Market?
5. What is the market share of the leading vendors in the Medical Device Testing Market?
6. Which modes and strategic moves are suitable for entering the Medical Device Testing Market?