Spain Medical Device Testing Services Market Size & Outlook
Spain medical device testing services market, 2018-2030 (US$M)
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Spain medical device testing services market highlights
- The Spain medical device testing services market generated a revenue of USD 496.9 million in 2023 and is expected to reach USD 880.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 8.5% 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 496.9 million |
| Market revenue in 2030 | USD 880.1 million |
| Growth rate | 8.5% (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, Spain accounted for 72.6% 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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Spain 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 49.71% in 2023. Horizon Databook has segmented the Spain 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.
Spain’s high growth potential in the medical device testing services market can be attributed to its highly desirable location with the presence of experienced hospitals & investigators, facilities with proven research quality, and the expansion of well-established market players operating in the medical device industry.
Moreover, several companies choose the country as the destination for investment, not only to distribute products but to establish R&D and production & service centers due to the favorable environment for R&D of new medicines. In addition, the safety, quality, and efficacy of medical devices are overseen by Agencia Espanola de Medicamentos y Productos Sanitarios (AEMPS) in Spain.
Outsourcing medical device testing to market players with technical knowledge of the local regulatory scenario can be beneficial, which drives the medical devices industry in the country. For medical device manufacturers outside of Spain, the language barrier can be overcome with the help of a local player.
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Target buyers of Spain 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 Spain medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into Spain medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain medical device testing services market size, by service, 2018-2030 (US$M)
Spain Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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