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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1372488

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1372488

Medical Device Testing Market by Service (Testing, Inspection, Certification), Sourcing (In-house, Outsourced), Technology (Active Implant, Active, Non-active, IVD, Ophthalmic, Orthopedic & Dental, Vascular), Class (I, II, III) - Global Forecast to 2028

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The market for medical device testing globally is expected to be valued at USD 10.6 billion in 2023 and is anticipated to reach at value of USD 13.5 billion by 2028. Furthermore, the market is expected to grow at a CAGR of 4.9% during 2023 to 2028. Global healthcare industry expansion represents a substantial potential for numerous stakeholders in the medical device testing market. As healthcare access increases globally, particularly in emerging nations, there is an increase in demand for innovative medical equipment. An increasing population, increased disposable incomes, and a greater awareness of healthcare and wellbeing are driving this need. As a result, robust testing services are required to assure the safety, efficacy, and compliance of these devices with stringent regulatory criteria. Testing facilities and services play an important role in assisting the global expansion of the healthcare business by giving manufacturers, healthcare providers, and patients with the essential assurance, thereby contributing to the overall growth and credibility of the medical device sector.

Scope of the Report
Years Considered for the Study2019-2028
Base Year2022
Forecast Period2023-2028
Units ConsideredValue (USD Billion)
SegmentsBy Service, Sourcing, Technology, Class and Region
Regions coveredNorth America, Europe, Asia Pacific, and RoW

"Outsourcing segment to account for the largest CAGR for medical device testing market"

Outsourcing in the medical device testing market refers to delegating testing responsibilities to specialized service providers on behalf of medical device manufacturers. This approach proves beneficial, particularly for smaller companies or those lacking the necessary resources or expertise for thorough testing. It provides adaptability, expandability, and wider access to diverse testing capacities, expediting product development, ensuring compliance with regulations, and offering cost-efficiency to manufacturers. The growing inclination towards outsourcing medical device testing is a significant driver for market growth.

"Certification services to account for highest CAGR of medical device testing market."

The certification services is holds for the highest CAGR within the medical device testing market. The certification services is holds for the highest CAGR within the medical device testing market. Certification services are a fundamental aspect of the medical device testing market, ensuring that medical devices conform to industry-specific standards and regulations. These services involve a comprehensive evaluation of design, manufacturing, labeling, and intended use to determine compliance with established criteria. Obtaining certification is vital for medical device manufacturers as it demonstrates their commitment to quality and safety, helping gain market access and customer trust. Certification offers assurance to healthcare professionals and end-users that the medical devices meet rigorous quality and safety standards.

"North America to have the highest market share for medical device testing market."

North America ranks as the second-largest market share holder in the medical device testing market, encompassing the US, Canada, and Mexico. The region stands out for its advanced healthcare infrastructure, strict regulatory frameworks, and a committed focus on ensuring the safety and effectiveness of medical devices. The US, in particular, commands a dominant market position owing to its strong research and development efforts, a considerable presence of medical device manufacturers, and substantial investments in the healthcare sector. The market growth is propelled by factors like regulatory compliance, continuous technological advancements, and a growing demand for innovative medical devices. Additionally, prominent trends such as personalized medicine and the integration of digital health technologies are significantly influencing the market landscape.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 38%, Tier 2 - 28%, and Tier 3 - 34%
  • By Designation: C-level Executives - 40%, Directors - 30%, and Others - 30%
  • By Region: North America - 35%, Europe - 20%, Asia Pacific - 35%, RoW - 10%

The key players operating in the medical device testing market are Eurofins Scientific (Luxembourg), Intertek Group plc (UK), SGS Societe Generale de Surveillance SA. (Switzerland), Bureau Veritas (France), TUV SUD (Germany).

Research Coverage:

The research reports the Medical Device Testing Market, By Service Type (Testing Services, Inspection Services, Certification Services and Others), Sourcing Type (In-house and Outsourced), By Device Class (Class I, Class II, and Class III), By Technology (Active Implant Medical Devices, Active Medical Devices, Non-active Medical Devices, IVD Medical Devices, Ophthalmic Medical Devices, Orthopedic Medical Devices, Vascular Medical Devices and Others) and Region (North America, Europe, Asia Pacific, and RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the medical device testing market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, products, key strategies, Contracts, partnerships, and agreements. New product & service launches, mergers and acquisitions, and recent developments associated with the medical device testing market. Competitive analysis of upcoming startups in the medical device testing market ecosystem is covered in this report.

Key Benefits of Buying the Report

  • Analysis of key drivers (Global expansion of healthcare industry, increasing need for stringent standards, increasing need for validation and verification of medical devices, rising shift towards outsourcing of medical device testing, emergence of COVID 19 pandemic), restraints (lenthy and expensive licensing procedures, quality conscenrs and product recalls), opportunities (Connectivity of mobile devices, harmonization of standards, technological advancements, IoT and AI technologies), and challenges (Intricate nature of supply chains, lead time challenges) influencing the growth of the medical device testing market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product/service launches in the medical device testing market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the medical device testing market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the medical device testing market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Eurofins Scientific (Luxembourg), Intertek Group plc (UK), SGS Societe Generale de Surveillance SA. (Switzerland), Bureau Veritas (France), TUV SUD (Germany) among others in the medical device testing market.
Product Code: SE 5802

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    • 1.2.1 INCLUSIONS AND EXCLUSIONS
  • 1.3 STUDY SCOPE
    • FIGURE 1 MEDICAL DEVICE TESTING MARKET: MARKET SEGMENTATION
    • 1.3.1 REGIONAL SCOPE
    • 1.3.2 YEARS CONSIDERED
  • 1.4 CURRENCY CONSIDERED
  • 1.5 LIMITATIONS
  • 1.6 STAKEHOLDERS
  • 1.7 SUMMARY OF CHANGES
  • 1.8 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 MEDICAL DEVICE TESTING MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY AND PRIMARY RESEARCH
    • 2.1.2 SECONDARY DATA
      • 2.1.2.1 Major secondary sources
      • 2.1.2.2 Secondary sources
    • 2.1.3 PRIMARY DATA
    • 2.1.4 BREAKDOWN OF PRIMARIES
      • 2.1.4.1 Key data from primary sources
  • 2.2 MARKET SIZE ESTIMATION
    • FIGURE 3 PROCESS FLOW OF MARKET SIZE ESTIMATION
    • 2.2.1 BOTTOM-UP APPROACH
      • 2.2.1.1 Approach to estimate market share by bottom-up analysis (demand side)
    • FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
    • 2.2.2 TOP-DOWN APPROACH
      • 2.2.2.1 Approach to estimate market share by top-down analysis (supply side)
    • FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    • FIGURE 6 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH (SUPPLY SIDE)-REVENUE GENERATED FROM MEDICAL DEVICE TESTING SERVICES
      • 2.2.2.2 Key industry insights
  • 2.3 DATA TRIANGULATION
    • FIGURE 7 DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
    • FIGURE 8 ASSUMPTIONS FOR RESEARCH STUDY
  • 2.5 RISK ASSESSMENT
  • 2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON MEDICAL DEVICE TESTING MARKET
  • 2.7 RESEARCH LIMITATIONS
    • FIGURE 9 LIMITATIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY

    • FIGURE 10 IVD MEDICAL DEVICES SEGMENT TO CAPTURE LARGEST SHARE OF MEDICAL DEVICE TESTING MARKET IN 2028
    • FIGURE 11 TESTING SERVICES TO COMMAND LARGEST SHARE OF MEDICAL DEVICE TESTING MARKET IN 2028
    • FIGURE 12 IN-HOUSE SEGMENT TO ACCOUNT FOR LARGER SHARE OF MEDICAL DEVICE TESTING MARKET FROM 2023 TO 2028
    • FIGURE 13 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF MEDICAL DEVICE TESTING MARKET IN 2022

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MEDICAL DEVICE TESTING MARKET
    • FIGURE 14 STRINGENT REGULATORY STANDARDS PERTAINING TO MEDICAL DEVICES TO BOOST MARKET GROWTH
  • 4.2 MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE
    • FIGURE 15 TESTING SERVICES SEGMENT TO COMMAND LARGEST SHARE OF MEDICAL DEVICE TESTING MARKET IN 2028
  • 4.3 MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY
    • FIGURE 16 ACTIVE IMPLANT MEDICAL DEVICES SEGMENT TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
  • 4.4 MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE
    • FIGURE 17 IN-HOUSE SEGMENT TO ACCOUNT FOR LARGER SHARE OF MEDICAL DEVICE TESTING MARKET FROM 2023 TO 2028
  • 4.5 MEDICAL DEVICE TESTING MARKET, BY DEVICE CLASS
    • FIGURE 18 CLASS III SEGMENT TO REGISTER HIGHEST CAGR IN MEDICAL DEVICE TESTING MARKET FROM 2023 TO 2028
  • 4.6 NORTH AMERICA: MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY AND COUNTRY
    • FIGURE 19 IVD MEDICAL DEVICES AND US HELD LARGEST SHARE OF MARKET IN NORTH AMERICA IN 2022
  • 4.7 REGIONAL SNAPSHOT OF MEDICAL DEVICE TESTING MARKET
    • FIGURE 20 MEDICAL DEVICE TESTING MARKET IN INDIA TO GROW AT FASTEST RATE DURING FORECAST PERIOD

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MEDICAL DEVICE TESTING MARKET
    • 5.2.1 DRIVERS
    • FIGURE 22 ANALYSIS OF IMPACT OF DRIVERS ON MEDICAL DEVICE TESTING MARKET
      • 5.2.1.1 Expansion of global healthcare industry
      • 5.2.1.2 Need to meet stringent industry regulations with advancements in medical devices
      • 5.2.1.3 Increasing emphasis on validation and verification of medical devices
      • 5.2.1.4 Enforcement of stringent regulations by governments worldwide
    • TABLE 1 COMMON FRAMEWORK FOR MEDICAL DEVICE REGULARIZATION
      • 5.2.1.5 Shift toward outsourcing of medical device testing services
      • 5.2.1.6 Increased focus on testing of medical devices post emergence of COVID-19 pandemic
      • 5.2.1.7 Integration of advanced technologies with medical equipment
    • TABLE 2 LIST OF STANDARDS RELATED TO WIRELESS MEDICAL DEVICES
    • 5.2.2 RESTRAINT
    • FIGURE 23 ANALYSIS OF IMPACT OF RESTRAINT ON MEDICAL DEVICE TESTING MARKET
      • 5.2.2.1 Lengthy and expensive licensing procedures hindering development of medical devices
    • 5.2.3 OPPORTUNITIES
    • FIGURE 24 ANALYSIS OF IMPACT OF OPPORTUNITIES ON MEDICAL DEVICE TESTING MARKET
      • 5.2.3.1 Harmonization of standards in medical device industry
      • 5.2.3.2 Technological advancements in medical device testing
    • 5.2.4 CHALLENGES
    • FIGURE 25 ANALYSIS OF IMPACT OF CHALLENGES ON MEDICAL DEVICE TESTING MARKET
      • 5.2.4.1 Complexities of managing global supply chains in medical device testing
      • 5.2.4.2 Long lead times required for overseas qualification tests for medical devices
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 26 MEDICAL DEVICE TESTING MARKET: VALUE CHAIN ANALYSIS
  • 5.4 MEDICAL DEVICE TESTING MARKET: ECOSYSTEM MAPPING
    • 5.4.1 TIC STANDARDS AND REGULATORY BODIES
    • 5.4.2 TIC SERVICE PROVIDERS
    • FIGURE 27 MEDICAL DEVICE TESTING MARKET: KEY PLAYERS IN ECOSYSTEM
  • 5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    • FIGURE 28 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.6 TECHNOLOGY TRENDS
    • 5.6.1 3D PRINTING AND PROTOTYPING
    • 5.6.2 INTERNET OF THINGS (IOT) AND CONNECTIVITY
    • 5.6.3 AUGMENTED REALITY (AR) AND VIRTUAL REALITY (VR)
    • 5.6.4 ARTIFICIAL INTELLIGENCE (AI)
    • 5.6.5 MACHINE LEARNING (ML)

6 MEDICAL DEVICE TESTING MARKET, BY TESTING TYPE

  • 6.1 INTRODUCTION
  • 6.2 ELECTROMAGNETIC COMPATIBILITY
    • 6.2.1 PROLIFERATION OF WIRELESS TECHNOLOGIES TO NECESSITATE ELECTROMAGNETIC COMPATIBILITY TESTING OF MEDICAL DEVICES
    • TABLE 3 COMMON STANDARDS FOR MEDICAL DEVICE REGULARIZATION IN EUROPEAN NATIONS
  • 6.3 ELECTRICAL SAFETY
    • 6.3.1 STRINGENT SAFETY MEASURES TO DRIVE DEMAND FOR ELECTRICAL SAFETY TESTS
  • 6.4 WIRELESS CONNECTIVITY
    • 6.4.1 INTEGRATION OF CONNECTED HEALTH TECHNOLOGIES IN MEDICAL DEVICES TO FUEL DEMAND FOR WIRELESS CONNECTIVITY TESTING
  • 6.5 ENVIRONMENTAL TESTING
    • 6.5.1 INCREASING COMPLEXITY OF MEDICAL DEVICES TO NECESSITATE ENVIRONMENTAL TESTING
  • 6.6 MECHANICAL TESTING
    • 6.6.1 GROWING SOPHISTICATION OF MEDICAL DEVICES TO CONTRIBUTE TO DEMAND FOR MECHANICAL TESTING SERVICES
  • 6.7 CHEMICAL, PHYSICAL, AND BIOCOMPATIBILITY TESTING
    • 6.7.1 STRINGENT REGULATIONS ON MEDICAL DEVICES FOR PATIENT SAFETY TO FOSTER MARKET GROWTH
  • 6.8 CYBERSECURITY TESTING
    • 6.8.1 RISING CYBER ATTACKS ON MEDICAL DEVICES TO NECESSITATE CYBERSECURITY TESTING
    • TABLE 4 MEMORANDA OF UNDERSTANDING ON CYBERSECURITY IN MEDICAL DEVICES

7 MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE

  • 7.1 INTRODUCTION
    • FIGURE 29 CERTIFICATION SERVICES SEGMENT TO EXHIBIT HIGHEST CAGR IN MEDICAL DEVICE TESTING MARKET DURING FORECAST PERIOD
    • TABLE 5 MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2019-2022 (USD MILLION)
    • TABLE 6 MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2023-2028 (USD MILLION)
  • 7.2 TESTING SERVICES
    • 7.2.1 RISING FOCUS ON ENSURING COMPLIANCE WITH REGULATORY STANDARDS TO DRIVE DEMAND FOR TESTING SERVICES
  • 7.3 INSPECTION SERVICES
    • 7.3.1 INCREASING EMPHASIS ON IMPROVING QUALITY OF MEDICAL DEVICES TO BOOST DEMAND FOR INSPECTION SERVICES
  • 7.4 CERTIFICATION SERVICES
    • 7.4.1 GROWING STRINGENCY OF NORMS AND REGULATIONS PERTAINING TO MEDICAL DEVICES TO BOOST DEMAND FOR CERTIFICATION SERVICES
  • 7.5 OTHERS

8 MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE

  • 8.1 INTRODUCTION
    • FIGURE 30 OUTSOURCED SEGMENT TO REGISTER HIGHEST CAGR IN MEDICAL DEVICE TESTING MARKET DURING FORECAST PERIOD
    • TABLE 7 MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 8 MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
  • 8.2 IN-HOUSE
    • 8.2.1 CAPABILITY TO MEET CUSTOMIZED TESTING REQUIREMENTS FOR SPECIFIC DEVICES TO BOOST DEMAND FOR IN-HOUSE TESTING
  • 8.3 OUTSOURCED
    • 8.3.1 INCREASING FOCUS ON EXPEDITING PRODUCT DEVELOPMENT TO LEAD TO OUTSOURCING OF MEDICAL DEVICE TESTING

9 MEDICAL DEVICE TESTING MARKET, BY DEVICE CLASS

  • 9.1 INTRODUCTION
  • 9.2 REGIONAL CLASS DIFFERENTIATION
    • 9.2.1 US
      • 9.2.1.1 Class I: General controls
      • 9.2.1.2 Class II: General controls with special controls
      • 9.2.1.3 Class III: General controls, special controls, and pre-market approval
    • 9.2.2 EUROPEAN UNION AND EUROPEAN FREE TRADE ASSOCIATION
    • 9.2.3 CANADA
    • 9.2.4 AUSTRALIA
    • FIGURE 31 CLASS III SEGMENT TO DOMINATE MEDICAL TESTING MARKET DURING FORECAST PERIOD
    • TABLE 9 MEDICAL DEVICE TESTING MARKET, BY DEVICE CLASS, 2019-2022 (USD MILLION)
    • TABLE 10 MEDICAL DEVICE TESTING MARKET, BY DEVICE CLASS, 2023-2028 (USD MILLION)
  • 9.3 CLASS I
    • 9.3.1 RAPID INCREASE IN DEMAND FOR ESSENTIAL HEALTHCARE PRODUCTS TO DRIVE MARKET
  • 9.4 CLASS II
    • 9.4.1 GROWING DEMAND FOR MONITORING AND DIAGNOSTIC DEVICES IN HEALTHCARE TO DRIVE CLASS II MEDICAL DEVICE TESTING
  • 9.5 CLASS III
    • 9.5.1 ADVANCEMENTS IN IMPLANTABLE TECHNOLOGIES TO INDUCE DEMAND FOR TESTING OF CLASS III DEVICES

10 MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY

  • 10.1 INTRODUCTION
    • FIGURE 32 IVD MEDICAL DEVICES SEGMENT TO DOMINATE MEDICAL DEVICE TESTING MARKET DURING FORECAST PERIOD
    • TABLE 11 MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 12 MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
  • 10.2 ACTIVE IMPLANT MEDICAL DEVICES
    • 10.2.1 INCREASING PREVALENCE OF CHRONIC DISEASES TO NECESSITATE USE OF MEDICAL IMPLANTS
    • TABLE 13 ACTIVE IMPLANT MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 14 ACTIVE IMPLANT MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 15 ACTIVE IMPLANT MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2019-2022 (USD MILLION)
    • TABLE 16 ACTIVE IMPLANT MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2023-2028 (USD MILLION)
  • 10.3 ACTIVE MEDICAL DEVICES
    • 10.3.1 NEED FOR CONTINUOUS MONITORING OF PATIENTS WITH CHRONIC DISEASES TO DRIVE SEGMENT
    • TABLE 17 ACTIVE MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 18 ACTIVE MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 19 ACTIVE MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2019-2022 (USD MILLION)
    • TABLE 20 ACTIVE MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2023-2028 (USD MILLION)
  • 10.4 NON-ACTIVE MEDICAL DEVICES
    • 10.4.1 INCREASING NUMBER OF SURGICAL PROCEDURES TO FUEL DEMAND FOR TESTING OF NON-ACTIVE MEDICAL DEVICES
    • TABLE 21 NON-ACTIVE MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 22 NON-ACTIVE MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 23 NON-ACTIVE MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2019-2022 (USD MILLION)
    • TABLE 24 NON-ACTIVE MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2023-2028 (USD MILLION)
  • 10.5 IN VITRO DIAGNOSTIC (IVD) MEDICAL DEVICES
    • 10.5.1 NEED TO ENSURE ACCURACY OF DIAGNOSTIC INFORMATION TO CREATE DEMAND FOR TESTING OF IVD MEDICAL DEVICES
    • TABLE 25 IVD MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 26 IVD MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 27 IVD MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2019-2022 (USD MILLION)
    • TABLE 28 IVD MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2023-2028 (USD MILLION)
  • 10.6 OPHTHALMIC MEDICAL DEVICES
    • 10.6.1 INCREASING PREVALENCE OF EYE DISEASES TO INDUCE DEMAND FOR TESTING OF OPHTHALMIC MEDICAL DEVICES
    • TABLE 29 OPHTHALMIC MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 30 OPHTHALMIC MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 31 OPHTHALMIC MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2019-2022 (USD MILLION)
    • TABLE 32 OPHTHALMIC MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2023-2028 (USD MILLION)
  • 10.7 ORTHOPEDIC & DENTAL DEVICES
    • 10.7.1 NEED TO VALIDATE DURABILITY AND PROPER FUNCTIONING OF ORTHOPEDIC DEVICES TO FUEL DEMAND FOR TESTING SERVICES
    • TABLE 33 ORTHOPEDIC & DENTAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 34 ORTHOPEDIC & DENTAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 35 ORTHOPEDIC & DENTAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2019-2022 (USD MILLION)
    • TABLE 36 ORTHOPEDIC & DENTAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2023-2028 (USD MILLION)
  • 10.8 VASCULAR MEDICAL DEVICES
    • 10.8.1 RISING INCIDENCE OF CARDIOVASCULAR DISEASES TO PROPEL NEED FOR TESTING OF VASCULAR MEDICAL DEVICES
    • TABLE 37 VASCULAR MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 38 VASCULAR MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 39 VASCULAR MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2019-2022 (USD MILLION)
    • TABLE 40 VASCULAR MEDICAL DEVICES: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2023-2028 (USD MILLION)
  • 10.9 OTHERS
    • TABLE 41 OTHERS: MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 42 OTHERS: MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 43 OTHERS: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2019-2022 (USD MILLION)
    • TABLE 44 OTHERS: MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2023-2028 (USD MILLION)

11 MEDICAL DEVICE TESTING MARKET, BY REGION

  • 11.1 INTRODUCTION
    • FIGURE 33 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN MEDICAL DEVICE TESTING MARKET DURING FORECAST PERIOD
    • TABLE 45 MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 46 MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 11.2 NORTH AMERICA
    • FIGURE 34 NORTH AMERICA: MEDICAL DEVICE TESTING MARKET SNAPSHOT
    • TABLE 47 NORTH AMERICA: MEDICAL DEVICE TESTING MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 48 NORTH AMERICA: MEDICAL DEVICE TESTING MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 49 NORTH AMERICA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 50 NORTH AMERICA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • TABLE 51 NORTH AMERICA: MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 52 NORTH AMERICA: MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 11.2.1 US
      • 11.2.1.1 Robust research & development activities to drive market
    • TABLE 53 US: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 54 US: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.2.2 CANADA
      • 11.2.2.1 Increasing adoption of advanced technologies to propel market growth
    • TABLE 55 CANADA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 56 CANADA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.2.3 MEXICO
      • 11.2.3.1 Rising demand for healthcare services to augment market growth
    • TABLE 57 MEXICO: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 58 MEXICO: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.2.4 RECESSION IMPACT ON MARKET IN NORTH AMERICA
  • 11.3 EUROPE
    • FIGURE 35 EUROPE: MEDICAL DEVICE TESTING MARKET SNAPSHOT
    • TABLE 59 EUROPE: MEDICAL DEVICE TESTING MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 60 EUROPE: MEDICAL DEVICE TESTING MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 61 EUROPE: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 62 EUROPE: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • TABLE 63 EUROPE: MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 64 EUROPE: MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 11.3.1 GERMANY
      • 11.3.1.1 Strong focus on quality of medical devices to foster market growth
    • TABLE 65 GERMANY: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 66 GERMANY: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.3.2 UK
      • 11.3.2.1 Stringent regulatory standards pertaining to medical devices to contribute to market growth
    • TABLE 67 UK: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 68 UK: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.3.3 FRANCE
      • 11.3.3.1 Consolidating trend of outsourcing testing services to fuel market growth
    • TABLE 69 FRANCE: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 70 FRANCE: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.3.4 ITALY
      • 11.3.4.1 Rise in demand for testing of home healthcare devices to complement market growth
    • TABLE 71 ITALY: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 72 ITALY: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.3.5 SPAIN
      • 11.3.5.1 Increasing burden of chronic diseases to provide growth opportunities to market players
    • TABLE 73 SPAIN: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 74 SPAIN: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.3.6 REST OF EUROPE
    • TABLE 75 REST OF EUROPE: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 76 REST OF EUROPE: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.3.7 RECESSION IMPACT ON MARKET IN EUROPE
  • 11.4 ASIA PACIFIC
    • FIGURE 36 ASIA PACIFIC: MEDICAL DEVICE TESTING MARKET SNAPSHOT
    • TABLE 77 ASIA PACIFIC: MEDICAL DEVICE TESTING MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 78 ASIA PACIFIC: MEDICAL DEVICE TESTING MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 79 ASIA PACIFIC: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 80 ASIA PACIFIC: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • TABLE 81 ASIA PACIFIC: MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 82 ASIA PACIFIC: MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 11.4.1 CHINA
      • 11.4.1.1 Focus on increasing production of high-end medical devices to boost demand for testing services
    • TABLE 83 CHINA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 84 CHINA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.4.2 JAPAN
      • 11.4.2.1 Growing concerns regarding product safety and regulatory compliance to support market growth
    • TABLE 85 JAPAN: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 86 JAPAN: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.4.3 INDIA
      • 11.4.3.1 Increasing demand for medical devices to boost testing
    • TABLE 87 INDIA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 88 INDIA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.4.4 SOUTH KOREA
      • 11.4.4.1 Increasing emphasis on basic medical care to favor market growth
    • TABLE 89 SOUTH KOREA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 90 SOUTH KOREA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.4.5 AUSTRALIA
      • 11.4.5.1 Increasing need for robust testing procedures to foster market growth
    • TABLE 91 AUSTRALIA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 92 AUSTRALIA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.4.6 REST OF ASIA PACIFIC
    • TABLE 93 REST OF ASIA PACIFIC: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 94 REST OF ASIA PACIFIC: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.4.7 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
  • 11.5 ROW
    • TABLE 95 ROW: MEDICAL DEVICE TESTING MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 96 ROW: MEDICAL DEVICE TESTING MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 97 ROW: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 98 ROW: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • TABLE 99 ROW: MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 100 ROW: MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 11.5.1 SOUTH AMERICA
      • 11.5.1.1 Development of advanced medical technologies to necessitate rigorous testing procedures
    • TABLE 101 SOUTH AMERICA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 102 SOUTH AMERICA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.5.2 MIDDLE EAST AND AFRICA
      • 11.5.2.1 Growing concerns regarding product safety to accelerate demand for testing services
    • TABLE 103 MIDDLE EAST & AFRICA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2019-2022 (USD MILLION)
    • TABLE 104 MIDDLE EAST & AFRICA: MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2023-2028 (USD MILLION)
    • 11.5.3 RECESSION IMPACT ON MARKET IN ROW

12 COMPETITIVE LANDSCAPE

  • 12.1 INTRODUCTION
  • 12.2 STRATEGIES ADOPTED BY KEY PLAYERS
    • TABLE 105 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MEDICAL DEVICE TESTING MARKET
    • 12.2.1 PRODUCT/SERVICE PORTFOLIO
    • 12.2.2 REGIONAL FOCUS
    • 12.2.3 ORGANIC/INORGANIC GROWTH STRATEGIES
  • 12.3 MARKET SHARE ANALYSIS, 2022
    • TABLE 106 MEDICAL DEVICE TESTING MARKET: MARKET SHARE ANALYSIS, 2022
  • 12.4 REVENUE ANALYSIS OF TOP PLAYERS IN MEDICAL DEVICE TESTING MARKET
    • FIGURE 37 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN MEDICAL DEVICE TESTING MARKET
  • 12.5 COMPANY EVALUATION MATRIX, 2022
    • 12.5.1 STARS
    • 12.5.2 PERVASIVE PLAYERS
    • 12.5.3 EMERGING LEADERS
    • 12.5.4 PARTICIPANTS
    • FIGURE 38 MEDICAL DEVICE TESTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
  • 12.6 COMPANY FOOTPRINT
    • 12.6.1 COMPANY FOOTPRINT, BY SERVICE TYPE
    • 12.6.2 COMPANY FOOTPRINT, BY REGION
    • 12.6.3 OVERALL COMPANY FOOTPRINT
  • 12.7 COMPETITIVE SCENARIOS AND TRENDS
    • 12.7.1 SERVICE LAUNCHES & DEVELOPMENTS
    • TABLE 107 MEDICAL DEVICE TESTING MARKET: SERVICE LAUNCHES/DEVELOPMENTS, 2020-2023
    • 12.7.2 DEALS
    • TABLE 108 MEDICAL DEVICE TESTING MARKET: DEALS, 2020-2023

13 COMPANY PROFILES

  • (Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**
  • 13.1 KEY PLAYERS
    • 13.1.1 SGS SOCIETE GENERALE DE SURVEILLANCE SA
    • TABLE 109 SGS SOCIETE GENERALE DE SURVEILLANCE SA: COMPANY OVERVIEW
    • FIGURE 39 SGS SOCIETE GENERALE DE SURVEILLANCE SA: COMPANY SNAPSHOT
    • TABLE 110 SGS SOCIETE GENERALE DE SURVEILLANCE SA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 111 SGS SOCIETE GENERALE DE SURVEILLANCE SA: DEALS
    • TABLE 112 SGS SOCIETE GENERALE DE SURVEILLANCE SA: OTHERS
    • 13.1.2 EUROFINS SCIENTIFIC
    • TABLE 113 EUROFINS SCIENTIFIC: COMPANY OVERVIEW
    • FIGURE 40 EUROFINS SCIENTIFIC: COMPANY SNAPSHOT
    • TABLE 114 EUROFINS SCIENTIFIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 115 EUROFINS SCIENTIFIC: DEALS
    • 13.1.3 BUREAU VERITAS
    • TABLE 116 BUREAU VERITAS: COMPANY OVERVIEW
    • FIGURE 41 BUREAU VERITAS: COMPANY SNAPSHOT
    • TABLE 117 BUREAU VERITAS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 118 BUREAU VERITAS: DEALS
    • 13.1.4 TUV RHEINLAND
    • TABLE 119 TUV RHEINLAND: COMPANY OVERVIEW
    • FIGURE 42 TUV RHEINLAND: COMPANY SNAPSHOT
    • TABLE 120 TUV RHEINLAND: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 121 TUV RHEINLAND: DEALS
    • TABLE 122 TUV RHEINLAND: OTHERS
    • 13.1.5 TUV SUD
    • TABLE 123 TUV SUD: COMPANY OVERVIEW
    • FIGURE 43 TUV SUD: COMPANY SNAPSHOT
    • TABLE 124 TUV SUD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 125 TUV SUD: OTHERS
    • 13.1.6 DEKRA
    • TABLE 126 DEKRA: COMPANY OVERVIEW
    • FIGURE 44 DEKRA: COMPANY SNAPSHOT
    • TABLE 127 DEKRA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 128 DEKRA: OTHERS
    • 13.1.7 UL LLC
    • TABLE 129 UL LLC: COMPANY OVERVIEW
    • TABLE 130 UL LLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 131 UL LLC: DEALS
    • 13.1.8 ASTM
    • TABLE 132 ASTM: COMPANY OVERVIEW
    • TABLE 133 ASTM: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 134 ASTM: PRODUCT/SERVICE LAUNCHES
    • 13.1.9 INTERTEK GROUP PLC
    • TABLE 135 INTERTEK GROUP PLC: COMPANY OVERVIEW
    • FIGURE 45 INTERTEK GROUP PLC: COMPANY SNAPSHOT
    • TABLE 136 INTERTEK GROUP PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 137 INTERTEK GROUP PLC: PRODUCT/SERVICE LAUNCHES
    • 13.1.10 SOTERA HEALTH
    • TABLE 138 SOTERA HEALTH: COMPANY OVERVIEW
    • FIGURE 46 SOTERA HEALTH: COMPANY SNAPSHOT
    • TABLE 139 SOTERA HEALTH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 140 SOTERA HEALTH: PRODUCT/SERVICE LAUNCHES
    • TABLE 141 SOTERA HEALTH: DEALS
    • TABLE 142 SOTERA HEALTH: OTHERS
  • 13.2 OTHER PLAYERS
    • 13.2.1 ELEMENT MATERIALS TECHNOLOGY
    • 13.2.2 INOTIV
    • 13.2.3 GATEWAY ANALYTICAL
    • 13.2.4 MEDISTRI SA
    • 13.2.5 NORTH AMERICAN SCIENCE ASSOCIATES, LLC (NAMSA)
    • 13.2.6 PACE
    • 13.2.7 WUXI APPTEC
    • 13.2.8 LABORATORY CORPORATION OF AMERICA
    • 13.2.9 CHARLES RIVER LABORATORIES
    • 13.2.10 SOURCE BIOSCIENCE
    • 13.2.11 NSF
    • 13.2.12 BIOMEDICAL DEVICE LABS
    • 13.2.13 SURPASS, INC.
    • 13.2.14 THE BRITISH STANDARDS INSTITUTION
    • 13.2.15 MEASUR OY
  • *Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14 APPENDIX

  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
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