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Global Medical Device Testing Market Size study & Forecast, by Service Type (Testing Services, Inspection Services, Certification Services, Others), by Sourcing Type (In-house, Outsourced), by Device Class (Class I, Class II, Class III), by Technology (Active Implant Medical Devices, Active Medical Devices, Non-active Medical Devices, Others) and Regional Analysis, 2023-2030

January 2024 | 200 pages | ID: G708B2F84153EN
Bizwit Research & Consulting LLP

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Global Medical Device Testing Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Medical device testing is the process of evaluating and verifying the safety, efficacy, and performance of medical devices. This is a crucial step in the development and regulatory approval of medical devices before they can be introduced into the market and used in healthcare settings. The main goals of medical device testing are to ensure that the devices meet specific standards, operate as intended, and pose minimal risks to patients and users. The key factors driving the market growth are stringent regulatory requirements, expansion of the global healthcare industry, increasing emphasis on validation and verification of medical devices, and shift toward outsourcing of medical device testing services that are anticipated to support the market growth during the forecast period 2023-2030.

Additionally, the growing healthcare industry plays a significant role in supporting the growth of the medical device testing market. As the healthcare industry expands, there is a rising demand for various medical devices such as diagnostic equipment, implants, and monitoring devices. This increased demand for medical devices necessitates rigorous testing to ensure their safety, efficacy, and compliance with regulatory standards. According to Statista, in 2020, the global hospital market was valued at USD 3.40 trillion; in 2022 the number reached 3.93 trillion and it is anticipated to reach USD 4.40 trillion by 2025. As a result, the growing healthcare industry is anticipated to support the market growth. Moreover, technological advancements in medical device testing and growing healthcare expenditure are anticipated to create lucrative opportunities for the market over the projected period. However, the high cost of medical devices stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Medical Device Testing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the robust research & development activities, increasing adoption of advanced technologies, and rising demand for healthcare services. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the growing focus on increasing production of high-end medical devices, rising concerns regarding product safety and regulatory compliance, increasing demand for medical devices, and rising need for robust testing procedures.

Major market player included in this report are:

SGS (Sociйtй Gйnйrale De Surveillance SA)

Eurofins Scientific

Bureau Veritas

Element Materials Technology

Gateway Analytical

Medistri Sa

North American Science Associates, Llc (Namsa)

Wuxi Apptec

Laboratory Corp of America Holdings (LabCorp)

Charles River Laboratories

Recent Developments in the Market:
  • In January 2022, TЬV SЬD enhanced its medical device testing facility in New Brighton, Minnesota, with a state-of-the-art laboratory. This advanced facility offers an extensive array of chemical and biological testing services for medical devices, complementing TЬV SЬD's existing capabilities in active medical device testing.
Global Medical Device Testing Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Service Type, Sourcing Type, Device Class, Technology, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service Type:

Testing Services

Inspection Services

Certification Services

Others

By Sourcing Type:

In-house

Outsourced

By Device Class:

Class I

Class II

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

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Medical Device Testing Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Medical Device Testing Market, by Service Type, 2020-2030 (USD Billion)
  1.2.3. Medical Device Testing Market, by Sourcing Type, 2020-2030 (USD Billion)
  1.2.4. Medical Device Testing Market, by Device Class, 2020-2030 (USD Billion)
  1.2.5. Medical Device Testing Market, by Technology, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MEDICAL DEVICE TESTING MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MEDICAL DEVICE TESTING MARKET DYNAMICS

3.1. Medical Device Testing Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Stringent regulatory requirements
    3.1.1.2. Expansion of global healthcare industry
    3.1.1.3. Increasing emphasis on validation and verification of medical devices
    3.1.1.4. Shift toward outsourcing of medical device testing services
  3.1.2. Market Challenges
    3.1.2.1. High cost of medical devices
  3.1.3. Market Opportunities
    3.1.3.1. Technological advancements in medical device testing,
    3.1.3.2. Growing healthcare expenditure

CHAPTER 4. GLOBAL MEDICAL DEVICE TESTING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE

5.1. Market Snapshot
5.2. Global Medical Device Testing Market by Service Type, Performance - Potential Analysis
5.3. Global Medical Device Testing Market Estimates & Forecasts by Service Type 2020-2030 (USD Billion)
5.4. Medical Device Testing Market, Sub Segment Analysis
  5.4.1. Testing Services
  5.4.2. Inspection Services
  5.4.3. Certification Services
  5.4.4. Others

CHAPTER 6. GLOBAL MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE

6.1. Market Snapshot
6.2. Global Medical Device Testing Market by Sourcing Type, Performance - Potential Analysis
6.3. Global Medical Device Testing Market Estimates & Forecasts by Sourcing Type 2020-2030 (USD Billion)
6.4. Medical Device Testing Market, Sub Segment Analysis
  6.4.1. In-house
  6.4.2. Outsourced

CHAPTER 7. GLOBAL MEDICAL DEVICE TESTING MARKET, BY DEVICE CLASS

7.1. Market Snapshot
7.2. Global Medical Device Testing Market by Device Class, Performance - Potential Analysis
7.3. Global Medical Device Testing Market Estimates & Forecasts by Device Class 2020-2030 (USD Billion)
7.4. Medical Device Testing Market, Sub Segment Analysis
  7.4.1. Class I
  7.4.2. Class II
  7.4.3. Class III

CHAPTER 8. GLOBAL MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY

8.1. Market Snapshot
8.2. Global Medical Device Testing Market by Technology, Performance - Potential Analysis
8.3. Global Medical Device Testing Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
8.4. Medical Device Testing Market, Sub Segment Analysis
  8.4.1. Active Implant Medical Devices
  8.4.2. Active Medical Devices
  8.4.3. Non-active Medical Devices
  8.4.4. IVD Medical Devices
  8.4.5. Ophthalmic Medical Devices
  8.4.6. Orthopedic Medical Devices
  8.4.7. Vascular Medical Devices
  8.4.8. Others

CHAPTER 9. GLOBAL MEDICAL DEVICE TESTING MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Medical Device Testing Market, Regional Market Snapshot
9.4. North America Medical Device Testing Market
  9.4.1. U.S. Medical Device Testing Market
    9.4.1.1. Service Type breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Sourcing Type breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Device Class breakdown estimates & forecasts, 2020-2030
    9.4.1.4. Technology breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Medical Device Testing Market
9.5. Europe Medical Device Testing Market Snapshot
  9.5.1. U.K. Medical Device Testing Market
  9.5.2. Germany Medical Device Testing Market
  9.5.3. France Medical Device Testing Market
  9.5.4. Spain Medical Device Testing Market
  9.5.5. Italy Medical Device Testing Market
  9.5.6. Rest of Europe Medical Device Testing Market
9.6. Asia-Pacific Medical Device Testing Market Snapshot
  9.6.1. China Medical Device Testing Market
  9.6.2. India Medical Device Testing Market
  9.6.3. Japan Medical Device Testing Market
  9.6.4. Australia Medical Device Testing Market
  9.6.5. South Korea Medical Device Testing Market
  9.6.6. Rest of Asia Pacific Medical Device Testing Market
9.7. Latin America Medical Device Testing Market Snapshot
  9.7.1. Brazil Medical Device Testing Market
  9.7.2. Mexico Medical Device Testing Market
9.8. Middle East & Africa Medical Device Testing Market
  9.8.1. Saudi Arabia Medical Device Testing Market
  9.8.2. South Africa Medical Device Testing Market
  9.8.3. Rest of Middle East & Africa Medical Device Testing Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. SGS (Sociйtй Gйnйrale De Surveillance SA)
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Eurofins Scientific
  10.3.3. Bureau Veritas
  10.3.4. Element Materials Technology
  10.3.5. Gateway Analytical
  10.3.6. Medistri Sa
  10.3.7. North American Science Associates, Llc (Namsa)
  10.3.8. Wuxi Apptec
  10.3.9. Laboratory Corp of America Holdings (LabCorp)
  10.3.10. Charles River Laboratories

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Medical Device Testing Market, report scope
TABLE 2. Global Medical Device Testing Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Medical Device Testing Market estimates & forecasts by Service Type 2020-2030 (USD Billion)
TABLE 4. Global Medical Device Testing Market estimates & forecasts by Sourcing Type 2020-2030 (USD Billion)
TABLE 5. Global Medical Device Testing Market estimates & forecasts by Device Class 2020-2030 (USD Billion)
TABLE 6. Global Medical Device Testing Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 7. Global Medical Device Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Medical Device Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Medical Device Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Medical Device Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Medical Device Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Medical Device Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Medical Device Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Medical Device Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Medical Device Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Medical Device Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Medical Device Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Medical Device Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Medical Device Testing Market
TABLE 72. List of primary sources, used in the study of global Medical Device Testing Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Medical Device Testing Market, research methodology
FIG 2. Global Medical Device Testing Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Medical Device Testing Market, key trends 2022
FIG 5. Global Medical Device Testing Market, growth prospects 2023-2030
FIG 6. Global Medical Device Testing Market, porters 5 force model
FIG 7. Global Medical Device Testing Market, pest analysis
FIG 8. Global Medical Device Testing Market, value chain analysis
FIG 9. Global Medical Device Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Medical Device Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Medical Device Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Medical Device Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Medical Device Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Medical Device Testing Market, regional snapshot 2020 & 2030
FIG 15. North America Medical Device Testing Market 2020 & 2030 (USD Billion)
FIG 16. Europe Medical Device Testing Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Medical Device Testing Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Medical Device Testing Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Medical Device Testing Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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