Global Medical Devices Analytical Testing Outsourcing Market Size & Outlook
Global medical devices analytical testing outsourcing market, 2018-2030 (US$M)
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Global medical devices analytical testing outsourcing market highlights
- The global medical devices analytical testing outsourcing market generated a revenue of USD 6,091.5 million in 2023 and is expected to reach USD 10,575.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.2% by 2030.
- In terms of segment, other tests accounted for a revenue of USD 1,115.0 million in 2023.
- Other tests is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 6,091.5 million |
| Market revenue in 2030 | USD 10,575.5 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Other tests |
| Fastest growing segment | Other tests |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extractable and leachable, Material characterization, Physical testing, Bioburden testing, Sterility testing, Other tests |
Other key industry trends
- In terms of revenue, the North America accounted for 25.7% of the global medical devices analytical testing outsourcing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 36.0 million by 2030.
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Medical Devices Analytical Testing Outsourcing Market Scope
Medical Devices Analytical Testing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global medical devices analytical testing outsourcing 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 devices analytical testing outsourcing market will help companies and investors design strategic landscapes.
Other tests was the largest segment with a revenue share of 18.3% in 2023. Horizon Databook has segmented the Global medical devices analytical testing outsourcing market based on extractable and leachable, material characterization, physical testing, bioburden testing, sterility testing, other tests covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Medical Devices Analytical Testing Outsourcing Services Outlook (Revenue, USD Million, 2018-2030)
- Bioanalytical Testing
- Method Development and Validation
- Stability Testing
- Other Testing Services
- Extractable and leachable
- Material characterization
- Physical testing
- Bioburden testing
- Sterility testing
- Other tests
- Global Medical Devices Analytical Testing Outsourcing Therapeutic Areas Outlook (Revenue, USD Million, 2018-2030)
- Cardiology
- Phase
- Preclinical
- Clinical
- Phase
- Oncology
- Phase
- Preclinical
- Clinical
- Phase
- Central Nervous System Conditions
- Phase
- Preclinical
- Clinical
- Phase
- Autoimmune Diseases
- Phase
- Preclinical
- Clinical
- Phase
- Others
- Phase
- Preclinical
- Clinical
- Phase
- Cardiology
- Global Medical Devices Analytical Testing Outsourcing Phase Outlook (Revenue, USD Million, 2018-2030)
- Preclinical
- Clinical
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Target buyers of Global medical devices analytical testing outsourcing market databook
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Our clientele includes a mix of medical devices analytical testing outsourcing 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 global-level data and insights on the Global medical devices analytical testing outsourcing market , including forecasts for subscribers. This global databook contains high-level insights into Global medical devices analytical testing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical devices analytical testing outsourcing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical devices analytical testing outsourcing market size, 2023 (US$M)
Global medical devices analytical testing outsourcing market share, by services, 2023 & 2030 (%, US$M)
Medical devices analytical testing outsourcing market: Opportunity assessment by country
Global medical devices analytical testing outsourcing market, by region, 2023 (US$M)
| Services | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,003.5 | 1,117.9 | 1,127.0 | 1,293.7 | 1,459.2 | 1,567.2 | 1,685.5 | 1,815.3 | 1,957.8 | 2,114.4 | 2,286.7 | 2,476.5 | 2,685.7 | 8.0% |
| Europe | 835.4 | 927.9 | 932.8 | 1,067.6 | 1,200.7 | 1,285.8 | 1,378.9 | 1,480.8 | 1,592.4 | 1,714.9 | 1,849.3 | 1,996.9 | 2,159.4 | 7.7% |
| Asia Pacific | 1,571.1 | 1,764.4 | 1,793.5 | 2,075.6 | 2,360.2 | 2,555.7 | 2,771.1 | 3,009.0 | 3,271.8 | 3,562.4 | 3,884.3 | 4,241.1 | 4,637.2 | 8.9% |
| Latin America | 253.3 | 280.8 | 281.6 | 321.6 | 360.9 | 385.7 | 412.7 | 442.2 | 474.5 | 509.8 | 548.6 | 591.1 | 637.7 | 7.5% |
| MEA | 201.4 | 222.1 | 221.5 | 251.4 | 280.2 | 297.2 | 315.3 | 334.9 | 355.8 | 378.2 | 402.2 | 428.0 | 455.5 | 6.3% |
| Overall | 3,864.6 | 4,313.0 | 4,356.5 | 5,009.9 | 5,661.2 | 6,091.5 | 6,563.5 | 7,082.1 | 7,652.2 | 8,279.6 | 8,971.0 | 9,733.6 | 10,575.5 | 8.2% |
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