Medical Device Leak Testing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Medical Device Leak Testing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Medical Device Leak Testing Market

The medical device leak testing market size was valued at USD 413.5 million in 2022, and the market is now projected to grow from USD 451.1 million in 2023 to USD 957.4 million by 2030, exhibiting a CAGR of 11.3% during the forecast period of 2023-2030.

The COVID-19 occurrence had a positive influence on the market worldwide. During the pandemic, there was an upsurge in inpatient and casualty admissions in hospitals, clinics, and others. Augmented patient people lead to in augmented demand for certain medical devices, such as belongings, blood devices, among others. However, there was a minor drop in demand due to wholesale purchasing of these devices during the pandemic among hospitals, clinics, and others which ensued in fewer leak tests being executed in the market.

The growing occurrence of prolonged conditions universally is growing the number of patient admissions subsequent in rising diagnosis, and treatment rates among patients. Growing diagnosis and dealing rate further resulting in the rising implementation of medical devices, such as catheters, trendsetters, respirators, and others, along with efforts into R&D activities to progress and present innovative medical devices in the market.

The demand for medical device leak testing is rising due to growing strictness of regulatory bodies toward care and efficiency of these devices. The increasing demand for these devices, along with rising outsourcing of these devices to the leak testing service providers is resulting in a growing number of regional service providers universally. Collective outsourcing of these devices to leak test service providers is additionally leading the occurrence of significant players financing in the market. Thus, a growing number of key players investing in the market for medical device leak testing, along with growing number of promotions and approvals for advanced leak testers among significant performers, are expected to spur the medical device leak testing market growth in the upcoming years.

Comprehensive Analysis of Medical Device Leak Testing Market

The market can be segmented in various ways, depending on the focus of analysis such as by test type, by product type and by application. Based on test type, the market is segregated into pressure decay, vacuum decay, tracer gas, and others. Based on application, the market is segmented into cardiology, urology, orthopedics, minimally invasive surgery/general surgery, diabetes care, and others. Based on product type, the market is segmented into catheters, blood devices, bags, implantable devices, capital equipment, and others.

Asia Pacific region is dominating the medical device leak testing market share due to due to the rising demand for medical devices between patients.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include ATEQ Leaktesting (U.S.), Zaxis Inc. (U.S.), FasTest (U.S.), InterTech Development Company (U.S.), Uson, L.P. (U.S.), Pfeiffer Vacuum GmbH (Germany), Cincinnati Test Systems (U.S.), LACO Technologies (U.S.), Alliance Concept (France) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In May 2022, Pfeiffer Vacuum GmbH recognized an innovative leak detection and vacuum technology facility in Indianapolis, Indiana with a purpose to toughen its leak detection capabilities.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Growth Rate CAGR of 11.3 % from 2023 to 2030

Unit Value (USD Million)

Segmentation By Test Type

Pressure Decay

Vacuum Decay

Tracer Gas

Others

By Application

Cardiology

Urology

Orthopedics

Minimally Invasive Surgery/General Surgery

Diabetes Care

Others

By Product Type

Catheters

Blood Devices

Bags

Implantable Devices

Capital Equipment

Others

By Region

North America (By Test Type, Application, Product Type, and Country)

U.S.

Canada

Europe (By Test Type, Application, Product Type, and Country/Sub-region)

U.K.

Germany

France

Rest of Europe

Asia Pacific (By Test Type, Application, Product Type, and Country/Sub-region)

China

Japan

India

Rest of Asia Pacific

Rest of the World (By Test Type, Application, and Product Type)

Please Note: It will take 5-6 business days to complete the report upon order confirmation.