UK Medical Device Testing Services Market Size & Outlook
UK medical device testing services market, 2018-2030 (US$M)
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UK medical device testing services market highlights
- The UK medical device testing services market generated a revenue of USD 1,930.5 million in 2023 and is expected to reach USD 3,590.6 million by 2030.
- The UK market is expected to grow at a CAGR of 9.3% 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 1,930.5 million |
| Market revenue in 2030 | USD 3,590.6 million |
| Growth rate | 9.3% (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, UK accounted for 282.0% 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 |
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UK 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 49.88% in 2023. Horizon Databook has segmented the UK 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 UK medical device testing services market is projected to grow at 10.05% over the forecast period. Key drivers of the market include the presence of various multinational medical device companies, significant R&D spending, well-established healthcare infrastructure, healthcare research, high healthcare spending, and rapidly evolving demand for medical device testing for the development of new devices.
In addition, the UK government's initiatives to promote research drive market growth. For instance, in March 2022, the UK government allocated GBP 200.0 million to support NHS-led health research into diagnostics and treatment. Similar initiatives by the government in the future are expected to have a positive impact on the market.
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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 UK medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into UK medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK medical device testing services market size, by service, 2018-2030 (US$M)
UK Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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