Norway Medical Device Testing Services Market Size & Outlook
Norway medical device testing services market, 2018-2030 (US$M)
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Norway medical device testing services market highlights
- The Norway medical device testing services market generated a revenue of USD 64.4 million in 2023 and is expected to reach USD 110.3 million by 2030.
- The Norway market is expected to grow at a CAGR of 8% 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 64.4 million |
| Market revenue in 2030 | USD 110.3 million |
| Growth rate | 8% (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, Norway accounted for 9.4% 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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Norway 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 49.69% in 2023. Horizon Databook has segmented the Norway 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.
Norway held the lowest share of 1.58% of Europe’s medical device testing services market in 2023. The geriatric population in Norway is steadily growing, which is expected to improve the demand for new medical devices, thus supporting market demand.Several global medical device testing service companies have significant opportunities to enter the market in Norway and expand their geographic footprint.
Some other factors contributing to market growth are networks/platforms for international cooperation, national initiatives (including trials), pilot projects, and infrastructure development. There is a strong opportunity for several new entrants to enter and establish their presence in the country.
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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 Norway medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into Norway medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway medical device testing services market size, by service, 2018-2030 (US$M)
Norway Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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