Published on: December 15, 2020

Medical Device Testing Market by Service and Geography - Forecast and Analysis 2020-2024 Market Analysis

Toxikon, Inc.; SGS S.A.; Eurofins Scientific, LLC; Intertek Group plc; WuXi AppTec Group; Pace Analytical Services; North American Science Associates, Inc.; Sterigenics International LLC; Charles River Laboratories International, Inc.; and American Preclinical Services LLC. are some of the major vendors in the medical device testing market.

This report analyzes the market’s competitive landscape and provides information on the competencies and capacities of these companies. The report also analyzes the market by service (Testing Services, Inspection Services, and Certification Services) and geography (North America, Europe, Asia, and ROW).

What will the Medical Device Testing Market Size be in 2020?

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Parent Market - Global Life Sciences Tools & Services Market

The market for medical device testing is categorized as a part of the global life sciences tools & services market.

In 2019, the life science tools and services market was valued at USD 120.13 billion and is expected to grow at a moderate pace during the forecast period. The growth will be driven by factors such as:

Expanding access to improved healthcare in emerging economies:
Increase in cases of chronic conditions
Growing R&D spend of pharma and biotech companies and research institutions:
Global growth expected due to the increasing number of tests for infectious and chronic diseases

What are the Key Factors Influencing Medical Device Testing Market Growth?

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The increasing need for validation and verification of medical devices will influence the growth of this market during the forecast period. Development in AI and IoT in various medical devices, one of the key medical device testing market trends, will also drive market growth.

The long lead time for overseas qualifications will challenge the growth of the market.

Who are the Key Medical Device Testing Companies?

The market is fragmented with the presence of several competitors. Key vendors covered in this medical device testing market report include:

Toxikon, Inc.
SGS S.A.
Eurofins Scientific, LLC
Intertek Group plc
WuXi AppTec Group
Pace Analytical Services
North American Science Associates, Inc.
Sterigenics International LLC
Charles River Laboratories International, Inc.
American Preclinical Services LLC.

With favorable conditions for growth, the level of competition among companies in the market will intensify further. To help companies take more effective decisions and make the most of the increasing market size, this report provides a detailed analysis of the factors that will accelerate and hinder market growth, threat from new entrants and substitutes, and the market positioning of vendors.

Key Questions Answered in this Medical Device Testing Market Analysis Report

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the medical device testing industry across North America, Europe, Asia, and ROW
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of medical device testing vendors

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