Saudi Arabia Medical Device Testing Services Market Size & Outlook
Saudi Arabia medical device testing services market, 2018-2030 (US$M)
Related Markets
Saudi Arabia medical device testing services market highlights
- The Saudi Arabia medical device testing services market generated a revenue of USD 70.3 million in 2023 and is expected to reach USD 123.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.3% 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 70.3 million |
| Market revenue in 2030 | USD 123.1 million |
| Growth rate | 8.3% (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, Saudi Arabia accounted for 10.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Device Testing Services Market Scope
Medical Device Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 48.93% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia has a favourable medical device testing services market in the Middle East. The country's market growth can be attributed to the large number of hospitals and growing need for compliance with medical device interim regulations.
Furthermore, modest healthcare infrastructure and growing prevalence of diseases are expected to boost the demand for medical devices, which is anticipated to in turn increase the demand for medical device testing services in Saudi Arabia.
As a result, medical device testing services are gaining importance in Saudi Arabia to innovate devices for the treatment of various disorders. This is expected to improve the interest of medical device companies to invest in research, thus supporting market growth in Saudi Arabia.
Reasons to subscribe to Saudi Arabia medical device testing services market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Saudi Arabia medical device testing services market databook
-
Our clientele includes a mix of medical device testing services market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Saudi Arabia medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia medical device testing services market size, by service, 2018-2030 (US$M)
Saudi Arabia Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
