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Medical Device Testing Market

Medical Device Testing Market

Medical Device Testing Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

155

Base Year:

2022

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1139

Segments Covered
  • By Service Type By Service Type Testing Services, Inspection Services, Certification Services
  • By Sourcing Type By Sourcing Type In-house, Outsourced
  • By Device Class By Device Class Class I, Class II, Class III
  • By Technology By Technology Active Implant Medical Device, Active Medical Device, Non-Active Medical Device, In-vitro Diagnostic Medical Device, Ophthalmic Medical Device, Orthopedic and Dental Medical Device, Vascular Medical Device, Other Medical Device Technologies
  • By Regions By Regions North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 9.40 billion
Revenue 2030Revenue 2030: USD 13.26 billion
Revenue CAGRRevenue CAGR (2023 - 2030): 4.40%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst

Research Methodology: Medical Device Testing Market by Service Type by Sourcing Type by Device Class by Technology by Regions - Global Market Assessment, 2021 - 2028

Secondary Research

Primary Research:

The later stage covers data validation and collection from primary research. The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Medical Device Testing supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:


  • Medical Device Testing market size at regional and country level
  • Key industry players and their market share and Medical Device Testing market-specific sales/revenue
  • Understanding of the Medical Device Testing supply chain and overall ecosystem

Data Triangulation and Market Size Estimations

After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Medical Device Testing market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market.  The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Medical Device Testing market. 

FAQ
Frequently Asked Question
  • The global Medical Device Testing valued at USD 9.40 billion in 2022 and is expected to reach USD 13.26 billion in 2030 growing at a CAGR of 4.40%.

  • The prominent players in the market are Medtronic plc (US), Siemens AG (Germany), and Terumo Corporation (Japan), SGS (Switzerland), Eurofins Scientific (UK), Bureau Veritas (UK), Intertek (UK), TÃœV SÃœD (UK), and DEKRA (UK)..

  • The market is project to grow at a CAGR of 4.40% between 2023 and 2030.

  • The driving factors of the Medical Device Testing include

    • Increasing Trend of Service Outsourcing to Drive the Market

  • North America was the leading regional segment of the Medical Device Testing in 2022.