Market revenue in 2023 | USD 89.5 million |
Market revenue in 2030 | USD 133.1 million |
Growth rate | 5.8% (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 |
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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.
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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