Global Medical Device Testing Services Market Size & Outlook
Global medical device testing services market, 2018-2030 (US$M)
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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 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.
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Global medical device testing services market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical device testing services market size, 2023 (US$M)
Global medical device testing services market share, by service, 2023 & 2030 (%, US$M)
Medical device testing services market: Opportunity assessment by country
Global medical device testing services market, by region, 2023 (US$M)
| Service | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 50.6 | 54.5 | 58.4 | 63.1 | 68.2 | 73.7 | 79.7 | 86.2 | 93.3 | 101.0 | 109.4 | 118.7 | 128.7 | 8.3% |
| Europe | 303.5 | 325.3 | 346.9 | 373.2 | 401.3 | 431.7 | 464.7 | 500.5 | 539.1 | 581.1 | 626.5 | 676.1 | 729.7 | 7.8% |
| Asia Pacific | 29.3 | 31.5 | 33.6 | 36.1 | 38.9 | 41.9 | 45.1 | 48.6 | 52.4 | 56.5 | 61.0 | 65.9 | 71.2 | 7.9% |
| Latin America | 56.0 | 60.4 | 64.8 | 70.2 | 75.9 | 82.3 | 89.3 | 96.9 | 105.3 | 114.4 | 124.5 | 135.7 | 147.9 | 8.7% |
| MEA | 38.0 | 40.9 | 43.8 | 47.3 | 51.0 | 55.0 | 59.4 | 64.2 | 69.4 | 75.0 | 81.1 | 87.9 | 95.1 | 8.2% |
| Overall | 477.5 | 512.6 | 547.4 | 589.9 | 635.3 | 684.6 | 738.2 | 796.4 | 859.5 | 928.0 | 1,002.5 | 1,084.2 | 1,172.6 | 8.0% |
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