Singapore Medical Device Testing Services Market Size & Outlook

The medical device testing services market in Singapore is expected to reach a projected revenue of US$ 133.1 million by 2030. A compound annual growth rate of 5.8% is expected of Singapore medical device testing services market from 2024 to 2030.
Revenue, 2023 (US$M)
$89.5
Forecast, 2030 (US$M)
$133.1
CAGR, 2024 - 2030
5.8%
Report Coverage
Singapore

Singapore medical device testing services market, 2018-2030 (US$M)

Singapore

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Singapore medical device testing services market highlights

  • The Singapore medical device testing services market generated a revenue of USD 89.5 million in 2023 and is expected to reach USD 133.1 million by 2030.
  • The Singapore market is expected to grow at a CAGR of 5.8% 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 2023USD 89.5 million
Market revenue in 2030USD 133.1 million
Growth rate5.8% (CAGR from 2023 to 2030)
Largest segmentBiocompatibility tests
Fastest growing segmentChemistry Test
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBiocompatibility Tests, Chemistry Test, Microbiology & Sterility Testing, Package Validation
Key market players worldwideSGS 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, Singapore accounted for 13.1% 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 Asia Pacific, Australia medical device testing services market is projected to lead the regional market in terms of revenue in 2030.
  • Philippines is the fastest growing regional market in Asia Pacific and is projected to reach USD 260.8 million by 2030.

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Medical Device Testing Services Market Companies

Name Profile # Employees HQ Website

Singapore 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 48.27% in 2023. Horizon Databook has segmented the Singapore 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.


Singapore is a developing medical device testing services market. The market in the country is driven by various factors, such as increasing prevalence of chronic diseases, strong product safety testing for a variety of medical devices, quality medical device testing systems, rapid technological advancements, and growing demand for medical devices.

In addition, the increasing interest of new players in entering the market in Singapore is likely to create new demand for medical device testing services. Such factors are boosting the medical device testing services market in Singapore. Some key players operating in the country are SGS SA and Charles River Laboratories.

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Target buyers of Singapore 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.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into Singapore medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Singapore medical device testing services market size, by service, 2018-2030 (US$M)

Singapore Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)

Singapore medical device testing services market size, by service, 2018-2030 (US$M)

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