Medical Device Testing Services Market Growth, Trends And Forecast 2022-28

The global medical device testing services market size was valued USD 9.75 billion in 2021 and is expected to reach USD 13.53 billion by 2028, at a CAGR of 4.8% during the forecast period 2022 to 2028. The process of assessing the design and manufacturing efficiency of diverse active and non-active medical equipment is known as medical device testing. Prototype, biocompatibility, chemistry, microbiology, sterility testing, packaging validation, electrical, mechanical, and functional safety evaluations, and software testing are all part of this process. Cardiovascular, neuro, and orthopedic devices, as well as dental implants & material components, are subjected to these examinations. Consumers can also get in-house or outsourced testing, inspection, and certification services from the service providers.

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The global medical device testing services market is primarily driven by advances in the fields of drug-device combinations, customized medicine, and increased adaptability of numerous wearable and portable medical devices. A key growth parameter for the worldwide medical device testing service market is technological improvements such as the incorporation of IoT and AI in various devices. The extension of several enterprises in the industry to an international level is assisting the sector's growth once again. Finally, manufacturers are investing considerably in testing their gadgets to comply with severe medical device standards. As a result, the worldwide medical device testing service market is expected to rise at a faster rate. The recent outbreak of COVID-19 has sparked demand in the worldwide medical device testing services industry. However, due to a lack of medical equipment, Personal Protective Equipment (PPE) makes up a large portion of the medical equipment being assessed (PPE). PPE testing includes determining whether or not personal protective equipment, also including single-use masks, can be reused. Until the pandemic, the majority of the facemasks were intended to be single-use items.

The Medical Device Testing Services Market based on services is fragmented into Testing Services, Certification Services, Inspection Services, and Others. On the basis of technology, the market is segregated into Ophthalmic Devices, In-vitro Diagnostics, Non-Active Medical Devices, Active Implantable Devices, and Vascular Medical.

Due to rising per capita income amongst the middle class, Asia Pacific previously held the largest share of the medical device testing services industry. Furthermore, rising consumer awareness of the necessity of certification, increased foreign interest in the China and Indian markets, strict product approval in countries like China, and developments in healthcare infrastructure are also factors. Furthermore, China is the world's largest exporter for many companies, which has led to a surge in medical device testing services in the country in order to comply with international norms.

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There are several industry players working in the Medical Device Testing Services Market, which include SGS SA (Switzerland) Toxikon Corporation (U.S.) Eurofins Scientific (Luxembourg) Intertek Group plc (U.K.) WuXi AppTec (China) Charles River Laboratories, Inc. (U.S.) Innovatus Imaging Corporation (U.S.)

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