Medical Device Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Medical Device Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global medical device testing market size reached US$ 11.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.

Medical device testing refers to the process of inspecting the design and production efficiency of various active and non-active medical equipment. It involves prototype, biocompatibility, chemistry, microbiology and sterility testing, package validation, electrical, mechanical and functional safety assessments and software testing. These tests are conducted for cardiovascular, neuro and orthopedic devices, dental implants and material components. The service providers also offer in-house or outsourced testing, inspection and certification services to the consumers. These services ensure that the device is reliable and safe to use in clinical or emergency settings. As a result, medical device testing finds extensive applications across hospitals, clinics and other healthcare and diagnostic centers.

Significant growth in the medical industry, along with the increasing requirement of validation and verification of medical devices, represents one of the key factors creating a positive outlook for the market. Moreover, as the coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the demand for efficient testing systems to develop low-cost medical devices which is further augmenting the market growth. Additionally, various technological advancements, such as the utilization of artificial intelligence (AI), robotics and automation in the testing processes, are acting as other major growth-inducing factors. Device manufacturers use automated quality assurance tools to increase the accuracy of clinical equipment and wearable medical devices with minimal human intervention in the testing processes. Other factors, such as increasing complexities in product design, along with the widespread adoption of outsourced testing services, are anticipated to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical device testing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service, type, testing type, device class and device type.

Breakup by Service:

Testing Services
Inspection Services
Others

Breakup by Type:

In-House
Outsourced

Breakup by Testing Type:

Biocompatibility Testing
Chemistry Testing
Bio-Burden Determination
Anti-Microbial Activity and Sterility Testing
Others

Breakup by Device Class:

Class I
Class II
Class III

Breakup by Device Type:

Implantable Medical Devices
Non-Active Medical Devices
In-Vitro Diagnostic Medical Devices
Ophthalmic Medical Devices
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Preclinical Services LLC, Charles River Laboratories International Inc., Element Materials Technology, Eurofins Scientific LLC, Intertek Group Plc, North American Science Associates Inc., Pace Analytical Services LLC (LAB Holdings Inc.), SGS SA, Sterigenics U.S. LLC (Sotera Health LLC), Toxikon Corporation, TÜV Rheinland Aktiengesellschaft, TÜV SÜD Aktiengesellschaft and WuXi AppTec.

Key Questions Answered in This Report:
How has the global medical device testing market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global medical device testing market?
What are the key regional markets?
What is the breakup of the market based on the service?
What is the breakup of the market based on the type?
What is the breakup of the market based on the testing type?
What is the breakup of the market based on the device class?
What is the breakup of the market based on the device type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global medical device testing market and who are the key players?
What is the degree of competition in the industry?