Description 

Medical Device Testing Market: By Service Type (Testing Service, Certification Service, and Testing Service), By Sourcing Type (Outsourced, and In-House), By Technology (Active Medical Device, Vascular Medical Device, Non-Active Medical Device, Orthopedic Medical Device, In-Vitro Diagnostic Medical Device, and Others) , and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

The medical device testing market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The study of the report will outlook one of the most exhaustive analysis of the market, capturing all the aspects of the medical device testing market.
  

Global Medical Device Testing Market Research Report, 2018-2025 (USD Billion)

Medical Device Testing Industry Introduction

Medical device testing is the process of quality checks of medical devices, in which both hardware and software linked with the medical device is checked under medical device testing. The process includes R&D testing, factory testing, and certificate testing of medical devices. Testing comprises validation and verification of medical devices for its safe handling at the later stage. While the promotion of standards and control of medical devices are necessary, stringent laws, especially to the domestic context, can act as a barrier to local innovation of medical devices in the upcoming years. 

Medical Device Testing Market Dynamics

The global medical device testing market is primarily driven by the rising trend of outsourcing medical device testing, the growing need for verification and validation of medical devices, and the enforcement of government laws for medical devices. The global medical device testing market is observing numerous development with the high adoption of advanced technologies, such as the IoT and AI in various medical devices is the opportunity that will boost the growth of the market over the forecast period. Moreover, in the era of globalization, where countries depend on one another and engage in mutual trading and exchange of services and goods, the import and export of products are impacted by the time-consuming process of overseas qualification tests is the major challenge for the medical device testing market. 

Moreover, the outbreak of the COVID-19 pandemic has positively impacted the global medical device testing sector. The demand for medical device testing is always on the rise as this testing plays an important role in eliminating unsafe medical devices and protecting consumers from poor quality. The pandemic has raised the demand for the medical device testing industry. For illustration, the outbreak of the coronavirus pandemic has led to the raised demand for hygienic masks and started remote inspection of medical devices to maintain continuity of health and safety compliance and avoid any physical contact. 

Medical Device Testing Market: Scope of the Report

The report outlines the study of the medical device testing market on the basis of service type, sourcing type, and technology. 

Based on the service type, the medical device testing market is segmented into-

• Testing Service
• Certification Service
• Testing Service

Based on sourcing type, the medical device testing market is segmented into-

• Outsourced
• In-House

Based on technology, the medical device testing market is segmented into-

• Active Medical Device
• Vascular Medical Device
• Non-Active Medical Device
• Orthopedic Medical Device
• In-Vitro Diagnostic Medical Device
• Others (Ophthalmic Medical Device and Dental Medical Device)

Medical Device Testing Market by Sourcing Type, 2018-2025 (USD Million)

                       Source: Market Statsville 2020

Medical Device Testing Market: Regional Outlook

The global medical device testing market is geographically segmented into North America, Asia Pacific, Europe, South America, and Middle East & Africa (MEA). The Asia Pacific is predicted to dominate the global medical device testing market and is anticipated to maintain continuity of its dominance over the forecast period. This growth is attributed to the growing awareness regarding the importance of certification of medical testing devices, increasing need for long-term therapy by patients, and huge investment by contract research organizations, owing to easy availability and lower cost of skilled labor. Moreover, Europe contributes a considerable share in the global medical device testing market, backed by the presence of some of the key market players, such as Eurofins Scientific and SGS SA.

Medical Device Testing Market Growth by Region, 2020-2025

Source: MSG Analysis, 2020

North America is expected to project the highest CAGR in the medical device testing market over the forecast period. This is due to the increasing efforts towards cost-cutting, strict government laws to maintain quality and safety standards in the healthcare sector, and growing complexity in product designing. Furthermore, the Middle East and Africa, and South America will contribute a modest share in the global medical device testing market in 2019. The rising healthcare expenditure in UAE and Saudi Arabia will offer growth to the market over the forecast period.

Medical Device Testing Market: Competitive Landscape 

The leading manufacturers of medical device testing in the global market include Intertek Group plc, SGS SA, BSI Group, Eurofins Scientific, and Toxikon, Inc. 

Other medical device testing manufacturers include North America Science Association, Inc., American Preclinical Services LLC, Sterigenics International LLC, Pace Analytical Services, Charles River Laboratories International, Inc., Wuxi AppTech Group, Element Materials Technology, Dekra, ASTM, and BDC Laboratories. 

• In June 2020, Intertek declared the expansion of its protective device services to embrace the pre-certification testing of N95 respirators to requirements set by the National Institute for Occupational Safety and Health (NIOSH). With these latest services, Intertek diversified its resources and solutions to support consumers and the global community during the COVID-19 pandemic. 
• In October 2019, TUV SUD signed an MoU with the NUS Centre for Additive Manufacturing (AM.NUS) at the National University of Singapore (NUS) to boost R&D activities in the field of 3D printed biomedical implants for clinical trials. 
• In May 2019, Intertek declared the diversification of its pharmaceutical services laboratory in Melbourne, near Cambridge, through the acquisition of a new 20,000 sq. ft. facility, which will double the footprint of the existing laboratory.

The medical device testing market report provides a thorough analysis of macro-economic factors along with the market attractiveness of every segment. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the presence of the market players in the respective segment and region/country. The information concluded in the report includes the inputs from industry participants and industry experts across the value chain.

The medical device testing market report covers comprehensive analysis on:

• Market Dynamics
• Market Segmentation
• Regional Analysis
• Market Size in Value 
• Pricing Analysis
• Supply & Demand Analysis
• Supply Chain/Value Chain
• Trade Analysis
• Market Factor Analysis
• Market Trends
• Regulatory Landscape
• Patent Analysis
• Competition Landscape
• 15+ Company Profiles

Regional Analysis Includes:

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) 
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) 
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Medical Device Testing Market: Target Audience 

• Medical device testing manufactures
• Medical device testing distributors 
• Tier 1 component suppliers
• Research institutions and universities
• Trade publications and magazines
• Government authorities, associations, and organizations
• Independent Aftermarket players

**Above mentioned market information and insights are based on the initial secondary basis; it may update post report published.

Key Issues Addressed 

• What is the market size by various segmentation of medical device testing by region and its respective countries?
• What is the customer buying behavior, key takeaways, Porter’s 5 forces, and Supply Chain of the medical device testing market?
• What are the key trends and opportunities for OEMs and tier 1 suppliers in the medical device testing market?
• What are the key dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technology solutions influencing market trends? How will existing service providers adapt to the shift in technology trends?
• What will be the impact of cutting-edge autonomous technology on the medical device testing market?
• What is the impact of COVID-19 on the demand and sales of medical device testing in the global market?
• Detailed analysis of the competitors and their latest launch, and what are the main startups introduced in the target market?
• Company profiles