Medical Device Testing Service Market: Global Analysis, Industry Growth, Current Trends and Forecast till 2026

Updated Research Report of Medical Device Testing Service Market 2020-2026:

Summary:

Wiseguyreports.Com Adds “Medical Device Testing Service – Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2026” To Its Research Database.

Overview

The global medical device testing services market is anticipated to reach US$ 14,660.1 Mn in 2026 from US$ 5,505.4 in 2018. The market is projected to grow with a CAGR of 11.7% from 2019-2026.

Innovative product development, collaborations, mergers, and acquisitions, the stringent regulatory scenario for medical device approval are boosting the growth of the market over the years. Also, the developments in the medical device industry is likely to have a positive impact on the demand for the market during the forecast period. However, the growth of the market is restrained by factors such as interruptions in contractual obligations.

Medical device testing needs the strong experience of the domain, native and national legislations, and information about the devices, infrastructure, and ability to support the testing. The healthcare and medical device industry is an active one due to continuous development and advanced solutions. The enhancements in medical device technology have significantly enhanced the efficiency of patient care in the last few decades. As per the FDA in 2018, stated that there are above 80,000 incidents identified since 2008, due to the medical device injury. Since, last few years, medical device companies and doctors have observed that spinal-cord stimulators have helped the patients who suffer from pain disorders. Due to this, it has become one of the most rising products in the $400 billion medical device industry. Therefore, the increasing incidences of product recall and higher demand for quality products are growing the need for testing of medical devices. Hence, it will boost the market for medical device testing services.

However, a number of problems inhibit medical devices from undertaking the standard formulary agency review process applied to drugs. In recent years, approximately thirty percent of respondents experienced a significant supply shortage or disruption that was mostly due to supply shortages, quality issues in manufacturing, and delays in regulatory approvals.

The key players covered in this study
Cigniti
NAMSA
TÜV SÜD
MET Labs
Eurofins
Intertek
Exova
Charles River
BDC Laboratories
QualiTest
Element
Emergo
CPT Labs
Noble Life Sciences
IMR TEST LABS
Product Safety Labs
Nelson Labs
Smithers Rapra
NTS
Toxikon
Nova Biologicals

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Market segment by Type, the product can be split into
Hardware
Software
Market segment by Application, split into
Large Enterprises
Small and Medium-sized Enterprises (SMEs)

Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Medical Device Testing Service status, future forecast, growth opportunity, key market and key players.
To present the Medical Device Testing Service development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

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Major Key Points in Table of Content

1 Study Coverage

2 Executive Summary

3 Global Medical Device Testing Service Competitor Landscape by Players

4 Breakdown Data by Type (2015-2026)

5 Breakdown Data by Application (2015-2026)

6 North America

7 Europe

8 Asia Pacific

9 Latin America

10 Middle East and Africa

11 Company Profiles

12 Future Forecast by Regions (Countries) (2021-2026)

13 Market Opportunities, Challenges, Risks and Influences Factors Analysis

14 Value Chain and Sales Channels Analysis

15 Research Findings and Conclusion

Continued………

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