Sweden Medical Device Testing Services Market Size & Outlook
Sweden medical device testing services market, 2018-2030 (US$M)
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Sweden medical device testing services market highlights
- The Sweden medical device testing services market generated a revenue of USD 55.0 million in 2023 and is expected to reach USD 100.6 million by 2030.
- The Sweden market is expected to grow at a CAGR of 9% 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 55.0 million |
| Market revenue in 2030 | USD 100.6 million |
| Growth rate | 9% (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, Sweden accounted for 8.0% 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 |
|---|
Sweden 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 49.09% in 2023. Horizon Databook has segmented the Sweden 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.
The market growth can be attributed to the strong presence of small and midsized companies, with a few multinational corporations having local subsidiaries. The country maintains a decent position in the discovery & development of medical devices, from early discovery to late-phase trials.
In addition, high life expectancy and a significant number of medical device research studies performed in the country are expected to improve the demand for medical device testing services among medical device companies located in Sweden.
This is expected to boost the demand for medical devices in the country, thereby creating opportunities for market players in Sweden. Some key players operating in the country are Charles River Laboratories, Laboratory Corporation of America Holdings, and Parexel International Corporation. These factors are expected to support the demand for medical device testing services 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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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 Sweden medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into Sweden medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden medical device testing services market size, by service, 2018-2030 (US$M)
Sweden Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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