Medical Device Testing - Increasing Need of Validation and Verification for Medical Devices - Market to Reach over USD 12.94 Billion in 2028

Vantage Market Research

Jan 11, 2022

Rising Adoption of Medical Devices in emerging countries to Thrive Market

Since past few decades, the prevalence regarding diseases is at its wildest level. Some of the important public health problems are asthma and persistent obstructive pulmonary disorder (COPD), cancer, diabetes, among others. Thus, need for developed devices for the diagnosis is surging at its unprecedented level. There are unique diagnosis, prevention, and treatment methodologies that can decrease this burden and encourage wellbeing.

For instance, Asthma is a persistent respiratory inflammatory condition characterized by outbreaks of reversible respiratory symptoms leading to narrowing and obstruction of the airways. These episodes can vary from moderate to life-threatening in severity. Regular preventive care will avoid symptoms and attacks and allow active lives to be lived by people who have asthma. Thus, to diagnose such disease, the device known as spirometer is used. A spirometer is a diagnostic device used to measure the amount of air the patient can able to breathe in and out and the time it takes you to exhale completely after a deep breath. Thus,

In the same way, there are numerous devices used to measure diagnose several diseases. The demand for these devices is increasing swiftly owing to increase in disease prevalence. Thus, this fact is boosting the demand for medical device testing which is further anticipated to further propel the market growth over the forecast period.

What Will Be the Market By 2028?

Our report on Medical Device Testing Market has covered the study of latest development and investment in the market. Moreover, report covers the value chain analysis, regulatory analysis, market attractiveness analysis, and Porter’s five forces analysis, for medical device testing market. In addition, our report includes market drivers, restraints and opportunities along with COVID-19 impact analysis, historical & descriptive analysis, and forecasts & predictive analysis.

The Global Medical Device Testing Market valued is expected to reach over USD 12.94 billion in 2028 at CAGR of 4.40%.

Some of key players in medical device testing market include, Medtronic plc (US), Siemens AG (Germany), and Terumo Corporation (Japan), SGS (Switzerland), Eurofins Scientific (UK), Bureau Veritas (UK), Intertek (UK), TÜV SÜD (UK), and DEKRA (UK)..

North America is estimated to dominate the Medical Device Testing Market over the forecast period of 2022-2028. The market growth is attributed to the presence of emerging economies in the Asia Pacific region. Also, the China and India in the region is one of the most populated countries in the world. Thus, owing to the large base of population presence in this region, the demand for medical device testing is increasing and further expected to grow the market over the forecast period.

Medical Device Testing Market by Service Type (Testing Services, Inspection Services, Certification Services), by Sourcing Type (In-house, Outsourced), by Device Class (Class I, Class II, Class III), by Technology (Active Implant Medical Device, Active Medical Device, Non-Active Medical Device, In-vitro Diagnostic Medical Device), by Regions (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)