Belgium Medical Device Testing Services Market Size & Outlook
Belgium medical device testing services market, 2018-2030 (US$M)
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Belgium medical device testing services market highlights
- The Belgium medical device testing services market generated a revenue of USD 130.3 million in 2023 and is expected to reach USD 231.4 million by 2030.
- The Belgium market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, biocompatibility tests was the largest revenue generating service in 2023.
- Chemistry Test is the most lucrative service segment registering the fastest growth during the forecast period.
Medical device testing services market data book summary
| Market revenue in 2023 | USD 130.3 million |
| Market revenue in 2030 | USD 231.4 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Biocompatibility tests |
| Fastest growing segment | Chemistry Test |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biocompatibility Tests, Chemistry Test, Microbiology & Sterility Testing, Package Validation |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Sotera Health Co Ordinary Shares, Charles River Laboratories International Inc, NAMSA, Eurofins Scientific SE, Intertek Group PLC, Wuxi AppTec Co Ltd, TUV SUD, Element Materials Technology, Pace Analytical Services |
Other key industry trends
- In terms of revenue, Belgium accounted for 19.0% of the global medical device testing services market in 2023.
- Country-wise, Australia is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK medical device testing services market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 435.1 million by 2030.
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Medical Device Testing Services Market Scope
Medical Device Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Belgium 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 49.04% in 2023. Horizon Databook has segmented the Belgium 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.
Belgium is one of the important markets with a highly desirable location for medical devices due to the surge in geriatric population, rise in the prevalence of chronic illness, and increase in health expenditure.
Thus, the government is trying to reduce the cost of medical devices in the country. This is expected to support the outsourcing of devices in Belgium, thus increasing the demand for medical device testing services among market players.
Market players in the country are developing new devices. Various strategic initiatives, such as collaborations, are being undertaken, which is expected to create opportunities in the market in Belgium. Some key players operating in the country are PAREXEL International Corporation and Charles River Laboratories.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Belgium medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into Belgium medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Belgium medical device testing services market size, by service, 2018-2030 (US$M)
Belgium Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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