The global medical device testing services market size is expected to reach USD 19.65 billion by 2032, according to a new study by Polaris Market Research. The report “Medical Device Testing Services Market Share, Size, Trends, Industry Analysis Report, By Service (Microbiology and Sterility Testing, Chemistry Test, Biocompatibility Test, Package Validation); By Phase; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Medical device testing is an essential process that guarantees the reliability and safety of a device when in use. In the course of new product development, comprehensive design validation testing is carried out, which includes toxicity tests, performance testing, chemical analysis, and sometimes even human factors or clinical testing.
The increasing popularity of wearable and portable medical devices is anticipated to be a key driving force behind this expansion. Furthermore, government programs dedicated to enhancing healthcare infrastructure and boosting healthcare resources are bolstering the demand for testing services within this industry.
Rigorous regulatory guidelines, represented by the FDA and EMA directive, in-depth medical device assessments to guarantee their safety and effectiveness. The imperative for ongoing advancements necessitates thorough testing protocols to mitigate emerging risks and amplify patient well-being. An increasing need for medical devices, propelled by the aging demographic and soaring healthcare expenses, has precipitated substantial expansion within the testing sector. Consequently, numerous medical device enterprises are now subcontracting their testing requirements to specialized organizations.
COVID-19 has impacted medical device testing. The healthcare system prioritized testing and validating COVID-19 medical devices, causing a rise in demand for rapid diagnostic tests, ventilators, PPE, and other essential devices. Telehealth and remote monitoring devices were also developed, requiring new testing protocols. However, traditional supply chains were disrupted, causing delays in testing non-COVID-19 devices. The pandemic is expected to lead to a more streamlined and technologically advanced approach to testing, with a focus on remote and virtual methods, as well as shaping the regulatory landscape for future health crises.
Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/medical-device-testing-services-market/request-for-sample
Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective coronary stent devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for coronary stents throughout the forecast period.
Medical Devices Testing Services Market Report Highlights
Polaris Market Research has segmented the medical devices testing services market report based on service, phase and region:
Medical Devices Testing Services, Service Outlook (Revenue - USD Billion, 2019 - 2032)
Medical Devices Testing Services, Phase Outlook (Revenue - USD Billion, 2019 - 2032)
Medical Devices Testing Services, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 8.80 billion |
Revenue forecast in 2032 |
USD 19.65 billion |
CAGR |
9.40% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments Covered |
By Service, By Phase, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |