The global Medical Equipment Testing market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.
Medical equipment testing refers to the process of evaluating and verifying the performance, safety, and compliance of medical devices and equipment. This testing is essential to ensure that medical equipment meets regulatory standards, performs reliably, and poses minimal risks to patients and healthcare professionals. Testing is typically conducted at various stages of a medical device"s life cycle, including development, manufacturing, and post-market surveillance. The goal is to maintain high-quality standards and to meet the requirements set by regulatory authorities.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
LPI (LP Information)' newest research report, the “Medical Equipment Testing Industry Forecast” looks at past sales and reviews total world Medical Equipment Testing sales in 2024, providing a comprehensive analysis by region and market sector of projected Medical Equipment Testing sales for 2025 through 2031. With Medical Equipment Testing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medical Equipment Testing industry.
This Insight Report provides a comprehensive analysis of the global Medical Equipment Testing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Medical Equipment Testing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Medical Equipment Testing market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medical Equipment Testing and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medical Equipment Testing.
This report presents a comprehensive overview, market shares, and growth opportunities of Medical Equipment Testing market by product type, application, key players and key regions and countries.
Segmentation by Type:
Testing Services
Inspection Services
Certification Services
Segmentation by Application:
Public Hospital
Private Hospital
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cigniti
NAMSA
TÜV SÜD
MET Labs
Eurofins
Intertek
Exova
Medical International Research
Eurofins
Charles River
BDC Laboratories
QualiTest
Element
North American Science Associates, LLC
Emergo
CPT Labs
Noble Life Sciences
IMR TEST LABS
Product Safety Labs
Nelson Labs
Smithers Rapra
NTS
Toxikon
Nova Biologicals
Medical Device Testing Services
Please note: The report will take approximately 2 business days to prepare and deliver.
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