Global Medical Device Testing Services Market Size & Outlook
The medical device testing services industry worldwide is expected to reach a projected revenue of US$ 1,172.6 million by 2030. A compound annual growth rate of 8% is expected of the worldwide medical device testing services industry from 2024 to 2030.
Revenue, 2023 (US$M)
$684.6
Forecast, 2030 (US$M)
$1,172.6
CAGR, 2024 - 2030
8%
Report Coverage
Worldwide
Global medical device testing services market, 2018-2030 (US$M)
Related Markets
Global medical device testing services market highlights
- The global medical device testing services market generated a revenue of USD 684.6 million in 2023 and is expected to reach USD 1,172.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8% by 2030.
- In terms of segment, biocompatibility tests accounted for a revenue of USD 343.4 million in 2023.
- Chemistry Test is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 684.6 million |
| Market revenue in 2030 | USD 1,172.6 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Biocompatibility tests |
| Fastest growing segment | Chemistry Test |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biocompatibility Tests, Chemistry Test, Microbiology & Sterility Testing, Package Validation |
Other key industry trends
- In terms of revenue, the North America accounted for 10.8% of the global medical device testing services market in 2023.
- By country, the Australia is projected to lead the global market in terms of revenue in 2030.
- By country, Thailand is the fastest growing regional market and is projected to reach USD 131.1 million by 2030.
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Medical Device Testing Services Market Scope
Medical device testing services market segmentation & scope
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Medical Device Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global medical device testing services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device testing services market will help companies and investors design strategic landscapes.
biocompatibility tests was the largest segment with a revenue share of 50.16% in 2023. Horizon Databook has segmented the Global medical device testing services market based on biocompatibility tests, chemistry test, microbiology & sterility testing, package validation covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Medical Device Testing Services Service Outlook (Revenue, USD Million, 2018-2030)
- Biocompatibility Tests
- Cardiovascular Device's Biocompatibility Tests
- Orthopedic Device's Biocompatibility Tests
- Dental Implant Devices' Biocompatibility Tests
- Dermal Filler's Biocompatibility Tests
- General Surgery Implantation Devices Biocompatibility Tests
- Neurosurgical Implantation Devices Biocompatibility Tests
- Ophthalmic Implantation Device's Biocompatibility Tests
- Other
- Chemistry Test
- Chemical characterization (E&L)
- Analytical method development and validation
- Toxicological Risk Assessment and consulting
- Microbiology & Sterility Testing
- Bioburden Determination
- Pyrogen & Endotoxin Testing
- Sterility Test and Validation
- Antimicrobial activity testing
- Others
- Package Validation
- Biocompatibility Tests
- Global Medical Device Testing Services Phase Outlook (Revenue, USD Million, 2018-2030)
- Preclinical
- Small Animals
- Biocompatibility Tests
- Chemistry Tests
- Microbiology & Sterility Tests
- Large Animals
- Biocompatibility Tests
- Chemistry Tests
- Microbiology & Sterility Tests
- Other Phase
- Small Animals
- Clinical
- Preclinical
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Target buyers of Global medical device testing services market databook
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Our clientele includes a mix of medical device testing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global medical device testing services market , including forecasts for subscribers. This global databook contains high-level insights into Global medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global medical device testing services market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Medical device testing services market size, 2023 (USD Million)
Top 10 countries: Medical device testing services market size, 2023 (USD Million)
Global medical device testing services market, by region, 2023 (US$M)
Related regional statistics
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