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Medical Device Testing Services Global Market Report 2024

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    Report

  • 175 Pages
  • April 2024
  • Region: Global
  • The Business Research Company
  • ID: 5953305
The medical device testing services market size has grown rapidly in recent years. It will grow from $8.35 billion in 2023 to $9.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth observed in the historical period can be attributed to several factors, including industry consolidation, heightened quality assurance requirements, a focus on patient safety, the globalization of the medical device industry, and the increasing complexity of medical devices. These factors collectively contributed to the demand for comprehensive and rigorous testing services to ensure the effectiveness, safety, and compliance of medical devices.

The medical device testing services market size is expected to see strong growth in the next few years. It will grow to $13.12 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth in the forecast period is expected to be driven by factors such as the rapid expansion of the medical device industry, emerging markets and regulatory changes, an increased focus on personalized medicine, growing concerns related to cybersecurity, and a shift towards value-based healthcare. Key trends in the forecast period encompass the adoption of sustainable testing practices, the integration of regulatory consulting services, the emphasis on personalized medicine and testing, advancements in testing equipment and technologies, and the expansion of in vitro diagnostic (IVD) testing services.

The anticipated increase in the prevalence of chronic diseases is poised to drive the growth of the medical device testing services market. Chronic diseases, characterized by long-term health conditions lasting a year or more, are on the rise due to factors such as an aging population, unhealthy lifestyle choices, and environmental influences. Medical device testing services play a crucial role in managing chronic diseases, facilitating remote patient monitoring (RPM) and real-time detection of health changes. These services ensure the safety, efficacy, reliability, and quality of devices, ultimately enhancing patient outcomes and quality of life. According to the National Library of Medicine, the estimated number of individuals affected by at least one chronic disease is projected to nearly double, increasing by 99.5% from 71.522 million in 2020 to 142.66 million by the year 2050. The escalating prevalence of chronic diseases is a key driver propelling the growth of the medical device testing services market.

Prominent companies in the medical device testing services market are strategically focusing on adopting technological advancements to offer comprehensive testing solutions. These services encompass a range of tests conducted by specialized companies to ensure the effectiveness, safety, and compliance of medical devices with national and international regulations. In October 2023, UL Solutions, a US-based provider of medical testing, inspection, and certification services, introduced new medical device testing services at its Rochester Hills laboratory. These services include compliance training for medical device makers, usability testing, and third-party verification and validation. The initiative contributes to the growth of the state's medical device sector, aiding manufacturers in enhancing the safety, security, usability, and interoperability of their devices. Additionally, it offers cybersecurity services, auditing, and compliance training to address potential risks such as quality, safety, and cybersecurity issues, all while fostering innovation and safeguarding users.

In December 2022, Millstone Medical Outsourcing, a US-based provider of outsourcing solutions to the medical device industry, successfully acquired Ethide Laboratories for an undisclosed amount. This strategic acquisition aims to expand Millstone's internal capabilities, reinforcing its end-to-end expert sourcing, and providing robust support for medical device services. The move underscores Millstone's commitment to upholding quality standards, ensuring compliance, and driving business success within the medical device industry. Ethide Laboratories, the acquired entity, specializes in providing contract medical testing services intended for the pharmaceutical industry.

Major companies operating in the medical device testing services market report are Laboratory Corporation of America Holdings, Eurofins Scientific SE, SGS SA, Bureau Veritas SA, WuXiAppTec Group, Steris plc, Sartorius AG, Charles River Laboratories International Inc., Altran Corporation, TUV SUD AG, Element Minnetonka, Underwriters Laboratories LLC, Intertek Group Plc., QTS Analytical Limited, Pace Analytical Services LLC., Sterigenics International LLC, Nelson Laboratories LLC, Exova Group Limited, Mérieux NutriSciences Corporation, American Preclinical Services LLC, Toxikon Corporation, North American Science Associates Inc., Avomeen Analytical Services LLC, Element Materials Technology Group Limited, Sionic Advisors LLC, Medical Engineering Technologies Ltd.

Asia-Pacific was the largest region in the medical device testing services market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical device testing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Medical device testing services involve the systematic processes and procedures conducted to assess the safety, efficacy, reliability, and quality of medical devices. These services play a critical role in ensuring that medical devices adhere to regulatory standards and requirements, establishing their suitability for marketing and use in clinical settings.

The primary types of products in medical device testing services include active implant medical devices, active medical devices, non-active medical devices, in-vitro diagnostic medical devices, ophthalmic medical devices, orthopedic and dental medical devices, vascular medical devices, and others. An active implantable medical device (AIMD) is a specific type designed to be implanted in the body for therapeutic or monitoring purposes. These devices undergo various testing services such as biocompatibility tests, chemistry tests, microbiology and sterility tests, and package validation. The testing process typically encompasses both preclinical and clinical phases to ensure the safety, efficacy, and compliance of the device.

The medical device testing services market research report is one of a series of new reports that provides medical device testing services market statistics, including medical device testing services industry global market size, regional shares, competitors with a medical device testing services market share, detailed medical device testing services market segments, market trends and opportunities, and any further data you may need to thrive in the medical device testing services industry. This medical device testing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical device testing services market includes revenues earned by entities through services such as sterility testing, packaging testing, electrical safety testing, performance testing, usability testing, and post-market surveillance testing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The medical device testing services market also includes sales of testing instruments and equipment, consumables and reagents, mechanical testing machines, electrical safety testers and sterilizers, and autoclaves. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Medical Device Testing Services Market Characteristics3. Medical Device Testing Services Market Trends And Strategies
4. Medical Device Testing Services Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Medical Device Testing Services Market Size and Growth
5.1. Global Medical Device Testing Services Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Medical Device Testing Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Medical Device Testing Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Medical Device Testing Services Market Segmentation
6.1. Global Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Active Implant Medical Device
  • Active Medical Device
  • Non-Active Medical Device
  • In-Vitro Diagnostics Medical Device
  • Ophthalmic Medical Device
  • Orthopedic And Dental Medical Device
  • Vascular Medical Device
  • Other Products
6.2. Global Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Biocompatibility Tests
  • Chemistry Test
  • Microbiology And Sterility Test
  • Package Validation
6.3. Global Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Preclinical
  • Clinical
7. Medical Device Testing Services Market Regional And Country Analysis
7.1. Global Medical Device Testing Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Medical Device Testing Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Medical Device Testing Services Market
8.1. Asia-Pacific Medical Device Testing Services Market Overview
(Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Medical Device Testing Services Market
9.1. China Medical Device Testing Services Market Overview
9.2. China Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Medical Device Testing Services Market
10.1. India Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Medical Device Testing Services Market
11.1. Japan Medical Device Testing Services Market Overview
11.2. Japan Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Medical Device Testing Services Market
12.1. Australia Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Medical Device Testing Services Market
13.1. Indonesia Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Medical Device Testing Services Market
14.1. South Korea Medical Device Testing Services Market Overview
14.2. South Korea Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Medical Device Testing Services Market
15.1. Western Europe Medical Device Testing Services Market Overview
15.2. Western Europe Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Medical Device Testing Services Market
16.1. UK Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Medical Device Testing Services Market
17.1. Germany Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Medical Device Testing Services Market
18.1. France Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Medical Device Testing Services Market
19.1. Italy Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Medical Device Testing Services Market
20.1. Spain Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Medical Device Testing Services Market
21.1. Eastern Europe Medical Device Testing Services Market Overview
21.2. Eastern Europe Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Medical Device Testing Services Market
22.1. Russia Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Medical Device Testing Services Market
23.1. North America Medical Device Testing Services Market Overview
23.2. North America Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Medical Device Testing Services Market
24.1. USA Medical Device Testing Services Market Overview
24.2. USA Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Medical Device Testing Services Market
25.1. Canada Medical Device Testing Services Market Overview
25.2. Canada Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Medical Device Testing Services Market
26.1. South America Medical Device Testing Services Market Overview
26.2. South America Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Medical Device Testing Services Market
27.1. Brazil Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Medical Device Testing Services Market
28.1. Middle East Medical Device Testing Services Market Overview
28.2. Middle East Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Medical Device Testing Services Market
29.1. Africa Medical Device Testing Services Market Overview
29.2. Africa Medical Device Testing Services Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Medical Device Testing Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Medical Device Testing Services Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Medical Device Testing Services Market Competitive Landscape And Company Profiles
30.1. Medical Device Testing Services Market Competitive Landscape
30.2. Medical Device Testing Services Market Company Profiles
30.2.1. Laboratory Corporation of America Holdings
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Eurofins Scientific SE
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. SGS SA
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Bureau Veritas SA
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. WuXiAppTec Group
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Medical Device Testing Services Market Other Major And Innovative Companies
31.1. Steris plc
31.2. Sartorius AG
31.3. Charles River Laboratories International Inc.
31.4. Altran Corporation
31.5. TUV SUD AG
31.6. Element Minnetonka
31.7. Underwriters Laboratories LLC
31.8. Intertek Group Plc.
31.9. QTS Analytical Limited
31.10. Pace Analytical Services LLC.
31.11. Sterigenics International LLC
31.12. Nelson Laboratories LLC
31.13. Exova Group Limited
31.14. Mérieux NutriSciences Corporation
31.15. American Preclinical Services LLC
32. Global Medical Device Testing Services Market Competitive Benchmarking33. Global Medical Device Testing Services Market Competitive Dashboard34. Key Mergers And Acquisitions In The Medical Device Testing Services Market
35. Medical Device Testing Services Market Future Outlook and Potential Analysis
35.1 Medical Device Testing Services Market In 2028 - Countries Offering Most New Opportunities
35.2 Medical Device Testing Services Market In 2028 - Segments Offering Most New Opportunities
35.3 Medical Device Testing Services Market In 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright And Disclaimer

Executive Summary

Medical Device Testing Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on medical device testing services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for medical device testing services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical device testing services market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Product: Active Implant Medical Device; Active Medical Device; Non-Active Medical Device; In-Vitro Diagnostics Medical Device; Ophthalmic Medical Device; Orthopedic And Dental Medical Device; Vascular Medical Device; Other Products.
2) By Service: Biocompatibility Tests; Chemistry Test; Microbiology And Sterility Test; Package Validation.
3) By Phase: Preclinical; Clinical

Key Companies Mentioned: Laboratory Corporation of America Holdings; Eurofins Scientific SE; SGS SA; Bureau Veritas SA; WuXiAppTec Group

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Laboratory Corporation of America Holdings
  • Eurofins Scientific SE
  • SGS SA
  • Bureau Veritas SA
  • WuXiAppTec Group
  • Steris plc
  • Sartorius AG
  • Charles River Laboratories International Inc.
  • Altran Corporation
  • TUV SUD AG
  • Element Minnetonka
  • Underwriters Laboratories LLC
  • Intertek Group Plc.
  • QTS Analytical Limited
  • Pace Analytical Services LLC.
  • Sterigenics International LLC
  • Nelson Laboratories LLC
  • Exova Group Limited
  • Mérieux NutriSciences Corporation
  • American Preclinical Services LLC
  • Toxikon Corporation
  • North American Science Associates Inc.
  • Avomeen Analytical Services LLC
  • Element Materials Technology Group Limited
  • Sionic Advisors LLC
  • Medical Engineering Technologies Ltd.

Methodology

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