With the market statistics mentioned in the Medical Device Testing Market report, it has become possible to gain global perspective for the international business. Additionally, key players, major collaborations, merger, acquisitions, trending innovation and business policies are also re-evaluated in the report. This report provides important information which assists to identify and analyze the needs of the market, the market size and the competition with respect to Medical Device Testing industry. All the statistical data, facts, figures and information involved in this Medical Device Testing Market report is characterized suitably by using several charts, graphs or tables. It is a thorough investigation of current scenario of the global market, which covers several market dynamics
This Medical Device Testing Market analysis makes you conversant about various segments that are relied upon to observe the rapid business development amid the estimate forecast frame. Whether it is about refining a business plan, preparing a presentation for an important client, or giving recommendations to an executive, this market report helps a lot. This Medical Device Testing Market report is prepared with the detailed market analysis performed by a team of industry experts, skillful analysts, dynamic forecasters and knowledgeable researchers. For structuring the finest market research report like this Medical Device Testing Market, a devoted team of experienced forecasters, well-versed analysts and knowledgeable researchers work painstakingly.
The global medical device testing market is expected to reach USD 1,396.8 million by 2025, from USD 828.9 million in 2017, growing at a CAGR of 6.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025 (Updated values are listed in sample report).
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Market Definition: Global Medical Device Testing Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the medical device testing market in the next 8 years. Medical devices are the most important and powerful tools in the field of healthcare. These apparatus enable people to manage their health and improve the quality of life of patients worldwide. Various companies and healthcare institutes focus on the maintenance and testing of the medical equipment for better results. The need and efficiency of medical devices steered the companies into the surveillance to improve the understanding of medical device safety and effectiveness throughout the product life cycle, for instance the China Food and Drug Administration (CFDA) may soon launch a two-track testing pathway for medical devices.
Major Market Drivers and Restraints:
- Rising need of validation and verification (V&V) for medical devices.
- Burden of severe government regulations and standards in medical devices.
- Integration of mobile and medical devices.
- Barriers to local medical device manufacturers.
Major Market Competitors/Players: Global Medical Device Testing Market
Some of the major players operating in the global medical device testing market are SGS, Bureau Veritas, Intertek, TUV SUD, Dekra, BSI, TUV Rheinland, UL LLC, Eurofins Scientific, ASTM, Element Material Technology, Envigo, Avomeen Analytical Services, Gateway Analytical, Medistri SA, North American Science Associates (NAMSA), Pace Analytical Services, Wuxi Apptec, Toxikon, Charles River Laboratories, Medical Device Testing Services, Source Bioscience, NSF International, BDC Laboratories, among others.
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The global medical device testing is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical device testing market for global, Europe, North America, Asia Pacific and South America.
Market Segmentation: Global Medical Device Testing Market
The global medical device testing market is segmented on the basis of technology, sourcing type, and service type.
On the basis of technology, the global medical device testing is segmented into 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 and other. Others are further sub segmented into mobile devices, medical devices with ancillary medicinal substances and medical devices utilizing animal origin.
Based on segment, sourcing type the global medical device testing is segmented into in-house and outsourced.
On the basis of service type, the global medical device testing is segmented into testing services, inspection services, certification services and others.
- Based on geography,
- North America (U.S., Canada, Mexico)
- South America (Brazil, Argentina, Rest of South America)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
- Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
- Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
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