According to Emergen Research, the global medical device testing services market size was USD 7.88 billion in 2020 and is expected to reach USD 15.60 billion in 2028 and register a revenue CAGR of 9.5% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Medical Devices Testing Services Market, By Phase (Clinical, Pre-clinical), By Service (Chemistry Test, Package Validation, Microbiology & Sterility Testing, Biocompatibility Tests), and By Region, Forecast to 2028”
According to Emergen Research, the global medical device testing services market size was USD 7.88 billion in 2020 and is expected to reach USD 15.60 billion in 2028 and register a revenue CAGR of 9.5% during the forecast period, 2021-2028.
Market Dynamics:
Revenue growth of the global medical device testing services market is primarily driven by factors such as rising prevalence of chronic and acute diseases across the globe, growing inclination towards unhealthy lifestyle habits such as alcoholism and excessive intake of fast food, increasing geriatric population, and rising patient pool globally. Other major factors expected to drive market revenue growth during the forecast period are rising volumes of medical examinations and in-vitro diagnostic tests, stringent regulatory protocols for high efficacy and safety of medical devices, and growing utilization of medical device testing services to ensure the accuracy and durability of medical devices, and hence, to improve test results.
Rapid development of personalized medicine and drug-device combinations, rising demand for portable and wearable medical devices, incorporation of emerging technologies such as artificial intelligence, Big Data, and the Internet of Things (IoT) in medical device testing equipment & solutions, and increasing government spending on healthcare infrastructure development are expected to further boost the global market revenue growth.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Pre-clinical Segment Accounted for Largest Revenue Share in 2020:
Based on phase, the pre-clinical segment – which is sub-categorized into medical coatings and antimicrobial wound dressings – dominated other segments in terms of largest revenue share in the global medical device testing services market in 2020. Rising focus on pre-clinical testing of medical devices, increasing investments by government and private organizations in the medical R&D programs, and growing number of in-vitro diagnostic tests are some of the key factors driving revenue growth of the segment.
Microbiology & Sterility Testing Segment to Account for Fastest Revenue CAGR:
Based on service, the global medical device testing services market is segmented into chemistry test, package validation, microbiology & sterility testing, and biocompatibility tests. The microbiology & sterility testing segment is the fastest-growing of all segments and is expected to register the fastest revenue growth rate in the global market over the forecast period. Microbiology & sterility testing services comprise pyrogen and anti-microbial activity testing, endotoxin testing, sterility test & validation, and bio-burden determination services. Increasing investments in biotechnological and pharmaceutical R&D activities and rising demand for advanced microbiology & sterility testing services are key factors driving the revenue growth of this segment.
Asia Pacific Market to Account for Fastest Revenue Growth Rate:
Among regional markets, the Asia Pacific medical device testing services market is expected to register the fastest revenue CAGR in the global market over the forecast period. Rising investments in biotechnological and pharmaceutical research and development programs, growing need for technologically advanced medical device testing services, rapidly advancing healthcare infrastructure of the region, and presence of leading medical device companies in the Asia Pacific region, such as Olympus Corporation, Terumo Corporation, and WuXi AppTec Group, are key factors contributing to the regional market revenue growth.
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Major Companies in the Global Medical Device Testing Services Market Include:
- SGS S.A.
- Toxikon, Inc.
- Intertek Group plc
- Pace Analytical Services
- Charles River Laboratories International, Inc.
- American Preclinical Services LLC
- North American Science Associates, Inc.
- Sterigenics International LLC
- Eurofins Scientific
- WuXi AppTec Group
- Bureau Veritas
- TÜV SÜD
- Elements Material Technology
- Envigo
- Avomeen Analytical Services
- Gateway Analytical
- Medistri SA
- North American Science Associates
- Source Bioscience
- NSF International
- BDC laboratories
For the purpose of this report, Emergen Research has segmented the global medical device testing services market based on phase, service, and region:
Phase Outlook (Revenue, USD Billion; 2018–2028)
- Clinical
- Pre-clinical (Medical Coatings and Antimicrobial Wound Dressings)
Service Outlook (Revenue, USD Billion; 2018–2028)
- Chemistry Test
- Package Validation
- Microbiology & Sterility Testing (Pyrogen and Endotoxin Testing, Anti-microbial Activity Testing, Sterility Test and Validation and Bio-burden Determination)
- Biocompatibility Tests
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Region Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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