India Medical Devices Analytical Testing Outsourcing Market Size & Outlook
India medical devices analytical testing outsourcing market, 2018-2030 (US$M)
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India medical devices analytical testing outsourcing market highlights
- The India medical devices analytical testing outsourcing market generated a revenue of USD 409.8 million in 2023 and is expected to reach USD 766.9 million by 2030.
- The India market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
- In terms of segment, other tests was the largest revenue generating services in 2023.
- Other tests is the most lucrative services segment registering the fastest growth during the forecast period.
Medical devices analytical testing outsourcing market data book summary
| Market revenue in 2023 | USD 409.8 million |
| Market revenue in 2030 | USD 766.9 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Other tests |
| Fastest growing segment | Other tests |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extractable and leachable, Material characterization, Physical testing, Bioburden testing, Sterility testing, Other tests |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Eurofins Scientific SE, Intertek Group PLC, Wuxi AppTec Co Ltd, Inotiv Inc, Charles River Laboratories International Inc |
Other key industry trends
- In terms of revenue, India accounted for 6.7% of the global medical devices analytical testing outsourcing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan medical devices analytical testing outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 417.3 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 |
|---|
India 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 18.25% in 2023. Horizon Databook has segmented the India 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.
- India 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
- India 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
- India Medical Devices Analytical Testing Outsourcing Phase Outlook (Revenue, USD Million, 2018-2030)
- Preclinical
- Clinical
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Target buyers of India 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 country-level data and insights on the India medical devices analytical testing outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into India medical devices analytical testing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India medical devices analytical testing outsourcing market size, by services, 2018-2030 (US$M)
India Medical Devices Analytical Testing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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