Global Medical Device Testing Market to reach USD 12.4 billion by 2027

Global Medical Device Testing Market Size study, by Service Type ( Testing Services, Inspection Services, Certification Services), By Sourcing ( 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, Ophthalmic Medical Device, Orthopedic and Dental Medical Device, Vascular Medical Device, Other ) and Regional Forecasts 2020-2027
Product Code:  HALHS_99549166
Chapter 1.	Executive Summary         
1.1.	Market Snapshot
1.2.	Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1.	Medical Device Testing Market, by Region, 2018-2027 (USD Billion)
1.2.2.	Medical Device Testing Market, by Service Type, 2018-2027 (USD Billion)
1.2.3.	Medical Device Testing Market, by Sourcing, 2018-2027 (USD Billion)
1.2.4.	Medical Device Testing Market, by Device Class, 2018-2027 (USD Billion)
1.2.5.	Medical Device Testing Market, by Technology, 2018-2027 (USD Billion)
1.3.	Key Trends
1.4.	Estimation Methodology
1.5.	Research Assumption
Chapter 2.	Global Medical Device Testing Market Definition and Scope 
2.1.	Objective of the Study
2.2.	Market Definition & Scope
2.2.1.	Scope of the Study
2.2.2.	Industry Evolution
2.3.	Years Considered for the Study
2.4.	Currency Conversion Rates
Chapter 3.	Global Medical Device Testing Market Dynamics	
3.1.	Medical Device Testing Market Impact Analysis (2018-2027)
3.1.1.	Market Drivers
3.1.2.	Market Challenges
3.1.3.	Market Opportunities
Chapter 4.	Global Medical Device Testing Market: Industry Analysis
4.1.	Porter’s 5 Force Model
4.1.1.	Bargaining Power of Suppliers
4.1.2.	Bargaining Power of Buyers
4.1.3.	Threat of New Entrants
4.1.4.	Threat of Substitutes
4.1.5.	Competitive Rivalry
4.1.6.	Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2.	PEST Analysis
4.2.1.	Political 
4.2.2.	Economical
4.2.3.	Social 
4.2.4.	Technological 
4.3.	Investment Adoption Model
4.4.	Analyst Recommendation & Conclusion
Chapter 5.	Global Medical Device Testing Market, by Service Type 
5.1.	Market Snapshot 
5.2.	Global Medical Device Testing Market by Service Type, PerService Typeance - Potential Analysis
5.3.	Global Medical Device Testing Market Estimates & Forecasts by Service Type 2017-2027 (USD Billion)
5.4.	Medical Device Testing Market, Sub Segment Analysis
5.4.1.	  Testing Services
5.4.2.	Inspection Services
5.4.3.	Certification Services
Chapter 6.	Global Medical Device Testing Market, by Sourcing          
6.1.	Market Snapshot 
6.2.	Global Medical Device Testing Market by Sourcing, PerService Typeance - Potential Analysis
6.3.	Global Medical Device Testing Market Estimates & Forecasts by Sourcing 2017-2027 (USD Billion)
6.4.	Medical Device Testing Market, Sub Segment Analysis
6.4.1.	 In-house
6.4.2.	Outsourced
Chapter 7.	Global Medical Device Testing Market, by Device Class          
7.1.	Market Snapshot 
7.2.	Global Medical Device Testing Market by Device Class, PerService Typeance - Potential Analysis
7.3.	Global Medical Device Testing Market Estimates & Forecasts by Device Class2017-2027 (USD Billion) 
7.4.	Medical Device Testing Market, Sub Segment Analysis
7.4.1.	     Class I
7.4.2.	Class II
7.4.3.	Class III
Chapter 8.	Global Medical Device Testing Market, by Technology          
8.1.	Market Snapshot 
8.2.	Global Medical Device Testing Market by Technology, PerService Typeance - Potential Analysis
8.3.	Global Medical Device Testing Market Estimates & Forecasts by Technology 2017-2027 (USD Billion) 
8.4.	Medical Device Testing Market, Sub Segment Analysis
8.4.1.	  Active Implant Medical Device
8.4.2.	Active Medical Device
8.4.3.	Non-Active Medical Device
8.4.4.	In-vitro Diagnostic Medical Device
8.4.5.	Ophthalmic Medical Device
8.4.6.	Orthopaedic and Dental Medical Device
8.4.7.	Vascular Medical Device
8.4.8.	Other 

Chapter 9.	Global Medical Device Testing Market, Regional Analysis
9.1.	Medical Device Testing Market, Regional Market Snapshot 
9.2.	North America Medical Device Testing Market 
9.2.1.	U.S. Medical Device Testing Market
9.2.1.1.	Service Type breakdown estimates & forecasts, 2017-2027 
9.2.1.2.	Sourcing breakdown estimates & forecasts, 2017-2027 
9.2.1.3.	Device Class breakdown estimates & forecasts, 2017-2027 
9.2.1.4.	Technology breakdown estimates & forecasts, 2017-2027 
9.2.2.	Canada Medical Device Testing Market
9.3.	Europe Medical Device Testing Market Snapshot 
9.3.1.	U.K. Medical Device Testing Market 
9.3.2.	Germany Medical Device Testing Market
9.3.3.	France Medical Device Testing Market
9.3.4.	Spain Medical Device Testing Market
9.3.5.	Italy Medical Device Testing Market
9.3.6.	Rest of Europe Medical Device Testing Market
9.4.	Asia-Pacific Medical Device Testing Market Snapshot
9.4.1.	China Medical Device Testing Market 
9.4.2.	India Medical Device Testing Market 
9.4.3.	Japan Medical Device Testing Market
9.4.4.	Australia Medical Device Testing Market
9.4.5.	South Korea Medical Device Testing Market
9.4.6.	Rest of Asia Pacific Medical Device Testing Market
9.5.	Latin America Medical Device Testing Market Snapshot
9.5.1.	Brazil Medical Device Testing Market
9.5.2.	Mexico Medical Device Testing Market
9.6.	Rest of The World Medical Device Testing Market

Chapter 10.	Competitive Intelligence
10.1.	Top Market Strategies
10.2.	Company Profiles
10.2.1.	  SGS   
10.2.1.1.	Key InService Typeation
10.2.1.2.	Overview
10.2.1.3.	Financial (Subject to Data Availability)
10.2.1.4.	Service Type Summary
10.2.1.5.	Recent Developments
10.2.2.	Eurofins Scientific 
10.2.3.	Bureau Veritas 
10.2.4.	Intertek 
10.2.5.	TÜV SÜD 
10.2.6.	DEKRA 
10.2.7.	BSI 
10.2.8.	TÜV Rheinland 
10.2.9.	Elements Material Technology 
10.2.10.	Envigo 
Chapter 11.	Research Process
11.1.	Research Process
11.1.1.	Data Mining
11.1.2.	Analysis
11.1.3.	Market Estimation
11.1.4.	Validation
11.1.5.	Publishing
11.2.	Research Attributes
11.3.	Research Assumption

Global Medical Device Testing Market is valued approximately at USD 8.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8 % over the forecast period 2020-2027. Medical devices are subject to stringent regulatory requirements, because it is important to ensure the effectiveness and health of medical equipment. It is also compulsory for each product to conform with national and international requirements before entering the market. In order to provide customers with consistency and secure service, a rigorous check is carried out before the products are put on the market. The test is conducted in two forms, the first in-house test, where all experiments are done under the umbrella of the producer and his staff. As a result of growing demand for safety and better customer care, the global market for medical device testing services anticipated to expect phenomenal growth in the future. Increasing requirement for validation and verification of medical devices along with obligation of rigorous government regulations are prominent factors of the market growth. However, long lead time for overseas qualification tests is creating significant challenge in the market growth. Apart from this, the key players of global Medical Device Testing market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In October 2019, TÜV SÜD signed a Memorandum of Understanding (MOU) with the NUS Center for Additive Manufacturing (AM.NUS) at the National University of Singapore (NUS) to facilitate research and development initiatives in the field of 3D printing biomedical devices for clinical trials. In June 2020, Intertek reported the extension of its personal protective equipment offerings to include the pre-certification testing of N95 respirators to the specifications laid down by the National Institute for Occupational Safety and Health (NIOSH). With these new programs, Intertek has also extended its strategies and tools to support consumers and the global community during the COVID-19 pandemic.

The regional analysis of global Medical Device Testing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to Strict regulations have been established by the governments to maintain quality and safety standards in the industry. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such rising per capita income among the middle class, growing consumer awareness regarding the importance of certification would create lucrative growth prospects for the Medical Device Testing market across Asia-Pacific region.

Major market player included in this report are:
SGS
Eurofins Scientific
Bureau Veritas
Intertek
TÜV SÜD
DEKRA
BSI
TÜV Rheinland
Elements Material Technology
Envigo

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Type:
Testing Services
Inspection Services
Certification Services
By Sourcing:
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
Ophthalmic Medical Device
Orthopedic and Dental Medical Device
Vascular Medical Device
Other

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Medical Device Testing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


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