Israel Medical Device Testing Services Market Size & Outlook
Israel medical device testing services market, 2018-2030 (US$M)
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Israel medical device testing services market highlights
- The Israel medical device testing services market generated a revenue of USD 53.5 million in 2023 and is expected to reach USD 94.5 million by 2030.
- The Israel market is expected to grow at a CAGR of 8.4% 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 53.5 million |
| Market revenue in 2030 | USD 94.5 million |
| Growth rate | 8.4% (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, Israel accounted for 7.8% 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 Middle East & Africa, UAE medical device testing services market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4,479.8 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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Israel 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 51.4% in 2023. Horizon Databook has segmented the Israel 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.
Israel held 14.91% share of medical device testing services market in 2023. The market growth is driven by the presence of medical device startups and the growing adoption of healthcare technology.
Moreover, the country has a developing healthcare infrastructure & facilities, and the demand for medical devices is growing to diagnose various diseases in the country. Thus, the growing medical device manufacturing sector has led to a rise in demand for medical device testing services in the region.
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Target buyers of Israel 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 country-level data and insights on the Israel medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into Israel medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Israel medical device testing services market size, by service, 2018-2030 (US$M)
Israel Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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