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Medical Device Testing-Global Market Insights and Sales Trends 2024
Synopsis
Some of the market drivers are an increasing need of validation and verification (V&V) for medical device, and imposition of rigorous government regulations and standards across medical devices.
The global Medical Device Testing market size is expected to reach US$ 13280 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Medical Device Testing in various end use industries. The expanding demands from the Active Implant Medical Devices, Active Medical Equipment, In Vitro Diagnostic Equipment and Ophthalmic Medical Equipment, are propelling Medical Device Testing market. Testing, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Inspection segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Medical Device Testing, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Medical Device Testing market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Medical Device Testing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medical Device Testing sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Medical Device Testing covered in this report include SGS, BUREAU VERITAS, INTERTEK, TUV SUD, DEKRA, BSI, TUV RHEINLAND, ASTM and EUROFINS SCIENTIFIC, etc.
The global Medical Device Testing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
SGS
BUREAU VERITAS
INTERTEK
TUV SUD
DEKRA
BSI
TUV RHEINLAND
ASTM
EUROFINS SCIENTIFIC
Global Medical Device Testing market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Medical Device Testing market, Segment by Type:
Testing
Inspection
Certification
Global Medical Device Testing market, by Application
Active Implant Medical Devices
Active Medical Equipment
In Vitro Diagnostic Equipment
Ophthalmic Medical Equipment
Vascular Medical Equipment
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Medical Device Testing companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Some of the market drivers are an increasing need of validation and verification (V&V) for medical device, and imposition of rigorous government regulations and standards across medical devices.
The global Medical Device Testing market size is expected to reach US$ 13280 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Medical Device Testing in various end use industries. The expanding demands from the Active Implant Medical Devices, Active Medical Equipment, In Vitro Diagnostic Equipment and Ophthalmic Medical Equipment, are propelling Medical Device Testing market. Testing, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Inspection segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Medical Device Testing, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Medical Device Testing market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Medical Device Testing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medical Device Testing sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Medical Device Testing covered in this report include SGS, BUREAU VERITAS, INTERTEK, TUV SUD, DEKRA, BSI, TUV RHEINLAND, ASTM and EUROFINS SCIENTIFIC, etc.
The global Medical Device Testing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
SGS
BUREAU VERITAS
INTERTEK
TUV SUD
DEKRA
BSI
TUV RHEINLAND
ASTM
EUROFINS SCIENTIFIC
Global Medical Device Testing market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Medical Device Testing market, Segment by Type:
Testing
Inspection
Certification
Global Medical Device Testing market, by Application
Active Implant Medical Devices
Active Medical Equipment
In Vitro Diagnostic Equipment
Ophthalmic Medical Equipment
Vascular Medical Equipment
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Medical Device Testing companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Medical Device Testing
1.1 Medical Device Testing Market Overview
1.1.1 Medical Device Testing Product Scope
1.1.2 Medical Device Testing Market Status and Outlook
1.2 Global Medical Device Testing Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Medical Device Testing Market Size by Region (2018-2029)
1.4 Global Medical Device Testing Historic Market Size by Region (2018-2023)
1.5 Global Medical Device Testing Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Medical Device Testing Market Size (2018-2029)
1.6.1 North America Medical Device Testing Market Size (2018-2029)
1.6.2 Europe Medical Device Testing Market Size (2018-2029)
1.6.3 Asia-Pacific Medical Device Testing Market Size (2018-2029)
1.6.4 Latin America Medical Device Testing Market Size (2018-2029)
1.6.5 Middle East & Africa Medical Device Testing Market Size (2018-2029)
2 Medical Device Testing Market by Type
2.1 Introduction
2.1.1 Testing
2.1.2 Inspection
2.1.3 Certification
2.2 Global Medical Device Testing Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Medical Device Testing Historic Market Size by Type (2018-2023)
2.2.2 Global Medical Device Testing Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Medical Device Testing Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Medical Device Testing Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Medical Device Testing Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Medical Device Testing Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Medical Device Testing Revenue Breakdown by Type (2018-2029)
3 Medical Device Testing Market Overview by Application
3.1 Introduction
3.1.1 Active Implant Medical Devices
3.1.2 Active Medical Equipment
3.1.3 In Vitro Diagnostic Equipment
3.1.4 Ophthalmic Medical Equipment
3.1.5 Vascular Medical Equipment
3.1.6 Other
3.2 Global Medical Device Testing Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Medical Device Testing Historic Market Size by Application (2018-2023)
3.2.2 Global Medical Device Testing Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Medical Device Testing Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Medical Device Testing Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Medical Device Testing Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Medical Device Testing Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Medical Device Testing Revenue Breakdown by Application (2018-2029)
4 Medical Device Testing Competition Analysis by Players
4.1 Global Medical Device Testing Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Medical Device Testing as of 2022)
4.3 Date of Key Players Enter into Medical Device Testing Market
4.4 Global Top Players Medical Device Testing Headquarters and Area Served
4.5 Key Players Medical Device Testing Product Solution and Service
4.6 Competitive Status
4.6.1 Medical Device Testing Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 SGS
5.1.1 SGS Profile
5.1.2 SGS Main Business
5.1.3 SGS Medical Device Testing Products, Services and Solutions
5.1.4 SGS Medical Device Testing Revenue (US$ Million) & (2018-2023)
5.1.5 SGS Recent Developments
5.2 BUREAU VERITAS
5.2.1 BUREAU VERITAS Profile
5.2.2 BUREAU VERITAS Main Business
5.2.3 BUREAU VERITAS Medical Device Testing Products, Services and Solutions
5.2.4 BUREAU VERITAS Medical Device Testing Revenue (US$ Million) & (2018-2023)
5.2.5 BUREAU VERITAS Recent Developments
5.3 INTERTEK
5.3.1 INTERTEK Profile
5.3.2 INTERTEK Main Business
5.3.3 INTERTEK Medical Device Testing Products, Services and Solutions
5.3.4 INTERTEK Medical Device Testing Revenue (US$ Million) & (2018-2023)
5.3.5 TUV SUD Recent Developments
5.4 TUV SUD
5.4.1 TUV SUD Profile
5.4.2 TUV SUD Main Business
5.4.3 TUV SUD Medical Device Testing Products, Services and Solutions
5.4.4 TUV SUD Medical Device Testing Revenue (US$ Million) & (2018-2023)
5.4.5 TUV SUD Recent Developments
5.5 DEKRA
5.5.1 DEKRA Profile
5.5.2 DEKRA Main Business
5.5.3 DEKRA Medical Device Testing Products, Services and Solutions
5.5.4 DEKRA Medical Device Testing Revenue (US$ Million) & (2018-2023)
5.5.5 DEKRA Recent Developments
5.6 BSI
5.6.1 BSI Profile
5.6.2 BSI Main Business
5.6.3 BSI Medical Device Testing Products, Services and Solutions
5.6.4 BSI Medical Device Testing Revenue (US$ Million) & (2018-2023)
5.6.5 BSI Recent Developments
5.7 TUV RHEINLAND
5.7.1 TUV RHEINLAND Profile
5.7.2 TUV RHEINLAND Main Business
5.7.3 TUV RHEINLAND Medical Device Testing Products, Services and Solutions
5.7.4 TUV RHEINLAND Medical Device Testing Revenue (US$ Million) & (2018-2023)
5.7.5 TUV RHEINLAND Recent Developments
5.8 ASTM
5.8.1 ASTM Profile
5.8.2 ASTM Main Business
5.8.3 ASTM Medical Device Testing Products, Services and Solutions
5.8.4 ASTM Medical Device Testing Revenue (US$ Million) & (2018-2023)
5.8.5 ASTM Recent Developments
5.9 EUROFINS SCIENTIFIC
5.9.1 EUROFINS SCIENTIFIC Profile
5.9.2 EUROFINS SCIENTIFIC Main Business
5.9.3 EUROFINS SCIENTIFIC Medical Device Testing Products, Services and Solutions
5.9.4 EUROFINS SCIENTIFIC Medical Device Testing Revenue (US$ Million) & (2018-2023)
5.9.5 EUROFINS SCIENTIFIC Recent Developments
6 North America
6.1 North America Medical Device Testing Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Medical Device Testing Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Medical Device Testing Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Medical Device Testing Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Medical Device Testing Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Medical Device Testing Market Dynamics
11.1 Medical Device Testing Industry Trends
11.2 Medical Device Testing Market Drivers
11.3 Medical Device Testing Market Challenges
11.4 Medical Device Testing Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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