Summary

The global medical device testing market is expected to grow at a significant rate of around 4% during the forecast period. The medical device testing market provides services to ensure that medical devices meet regulatory standards and are safe and effective for their intended use. This market includes testing laboratories, certification bodies, and other service providers that offer a range of services such as product testing, quality assurance, compliance testing, and regulatory consulting. The market is driven by increasing regulatory requirements for medical devices, a growing need for product safety and efficacy, and the increasing complexity of medical devices. Regulatory bodies such as the US Food and Drug Administration (FDA), the European Medicines Agency (EMA), and other national agencies require extensive testing and documentation to ensure that medical devices meet safety and efficacy standards before they can be marketed and sold to healthcare providers and patients.

SGS Société Générale de Surveillance SA, Intertek Group plc, Bureau Veritas S.A., Dekra SE, TÜV SÜD, Eurofins Scientific, British Standards Institution (BSI) Group, Element Materials Technology, UL LLC, and Charles River Laboratories are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
 
Insights Presented in the Report
“Amongst service type, certification services category to witness higher CAGR during the forecast period”
Based on the service type, the market has been categorized into testing services, inspection services, and certification services. Among them, the certification services segment is expected to grow at the highest CAGR in the market. Certification services are another crucial service type in the medical device testing market. Certification services involve the assessment of medical devices against regulatory standards to ensure that they meet safety and efficacy requirements. Certification is necessary for medical device manufacturers to obtain regulatory approval and bring their products to market.

“Amongst testing type, chemical/biological testing segment holds a significant share of the market during the forecast period”
Based on the testing type, the market has been categorized into physical testing, chemical/biological testing, cybersecurity testing, microbiology & sterility testing, and others. Among them, the chemical/biological testing segment holds a significant share of the market in terms of testing type due to its critical role in assessing the compatibility of medical devices with the human body. This type of testing is critical because medical devices often come into contact with body tissues or fluids and can cause harm if they are not compatible with the human body.

“Asia Pacific to witness the fastest growth in the market”
For a better understanding of the market adoption of the medical device testing industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The Asia-Pacific region is expected to be the fastest-growing region in the medical device testing market due to the increasing demand for medical devices, a growing aging population, and the presence of several key market players in the region. Additionally, the increasing adoption of new technologies such as wireless and mobile medical devices is expected to drive the growth of the medical device testing market in the Asia-Pacific region.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global medical device testing market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Table of Contents

1MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Medical Device Testing Market
2.2. Research Methodology of the Medical Device Testing Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE MEDICAL DEVICE TESTING MARKET
6 MEDICAL DEVICE TESTING MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY SERVICE TYPE
7.1. Testing Services
7.2. Inspection Services
7.3. Certification Services
8 MARKET INSIGHTS BY TESTING TYPE
8.1. Physical Testing
8.2. Chemical/Biological Testing
8.3. Cybersecurity Testing
8.4. Microbiology & Sterility Testing
8.5. Others
9 MARKET INSIGHTS BY PHASE
9.1. Preclinical
9.2. Clinical
10 MARKET INSIGHTS BY PRODUCT
10.1. Active Implant Medical Device
10.2. Active Medical Device
10.3. Non-Active Medical Device
10.4. In-vitro Diagnostics Medical Device
10.5. Ophthalmic Medical Device
10.6. Orthopedic and Dental Medical Device
10.7. Vascular Medical Device
10.8. Others
11 MARKET INSIGHTS BY SOURCING TYPE
11.1. In-House
11.2. Outsourced
12 MARKET INSIGHTS BY DEVICE CLASS
12.1. Class I
12.2. Class II
12.3. Class III
13 MARKET INSIGHTS BY REGION
13.1. North America
13.1.1. U.S.
13.1.2. Canada
13.1.3. Rest of North America
13.2. Europe
13.2.1. Germany
13.2.2. U.K.
13.2.3. France
13.2.4. Italy
13.2.5. Spain
13.2.6. Rest of Europe
13.3. Asia-Pacific
13.3.1. China
13.3.2. Japan
13.3.3. India
13.3.4. Rest of Asia-Pacific
13.4. Rest of World
14 MEDICAL DEVICE TESTING MARKET DYNAMICS
14.1. Market Drivers
14.2. Market Challenges
14.3. Impact Analysis
15 MEDICAL DEVICE TESTING MARKET OPPORTUNITIES
16 MEDICAL DEVICE TESTING MARKET TRENDS
17 DEMAND AND SUPPLY-SIDE ANALYSIS
17.1. Demand Side Analysis
17.2. Supply Side Analysis
18 VALUE CHAIN ANALYSIS
19 COMPETITIVE SCENARIO
19.1. Competitive Landscape
19.1.1. Porters Fiver Forces Analysis
20 COMPANY PROFILED
20.1. SGS Société Générale de Surveillance SA
20.2. Intertek Group plc
20.3. Bureau Veritas S.A.
20.4. Dekra SE
20.5. TÜV SÜD
20.6. Eurofins Scientific
20.7. British Standards Institution (BSI) Group
20.8. Element Materials Technology
20.9. UL LLC
20.10. Charles River Laboratories
21 DISCLAIMER