The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s medical device testing market report forecasts the medical device testing market size to grow to $11.58 Billion by 2027, with a CAGR (compound annual growth rate) of almost 6%.

Learn More On The Medical Device Testing Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-device-testing-global-market-report

Medical Device Testing Market Size Forecast
The global medical device testing market is expected to grow from $8.60 billion in 2022 to $9.21 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global medical device testing market size is expected to reach $11.58 billion in 2027 at a CAGR of 5.90%.

North America held the largest medical device testing market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Medical Device Testing Market Driver ­– Rise In Medical Device Recalls
According to Sedgwick, a US-based IT services management company, there were 719 medical recalls in Q2 2022, an increase of 11% from Q1 2022. As a result, the growing number of medical device recalls propels the medical device testing market.

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Key Medical Device Testing Market Trend – Product Innovations
To maintain their market position, major market players are introducing novel items. Nelson Labs, a US-based laboratory testing services provider, for example, developed Nelson Labs Mark in February 2022, a product testing verification programme that authenticates test reports and provides trustworthy data on product performance. The new product is a programme for medical device testing and verification. This programme is unique in that it offers two-factor authentication for consumers to utilise to certify the veracity of tests. Initially, the testing is meant for masks and respirator equipment.

Medical Device Testing Market Segment
1) By Testing Type: Physical Testing, Chemical or Biological Testing, Cybersecurity Testing, Microbiology And Sterility Testing, Other Testing Type
2) By Device Class: Class I, Class II, Class III
3) By Sourcing Type: In-House, Outsourced
4) By Service Type: Testing Services, Inspection Services, Certification Services
5) By End-User: Hospital, Research Center, Homecare Clinics, Other End-User

Medical Device Testing Market Major Players and Strategies
Major players in the medical device testing market are Intertek Group plc., SGS SA, Bureau Veritas Group, TUV SUD AG, TUV Rheinland Group, Pace Analytical Services LLC., Charles River Laboratories Inc, UL LLC, North American Science Associates LLC, Medistri SA, WuXi AppTec Inc., Siemens AG, ASTM International, Cordant Health Solutions, Legacy Medical Services LLC., GE Healthcare Technologies Inc, and Thermo Fisher Scientific Inc.

Millstone Medical Outsourcing LLC, a US-based provider of post-manufacturing and aftermarket services, acquired MycoScience Inc. for an undisclosed sum in November 2022. Millstone Medical Outsourcing LLC hoped to grow its cutting-edge laboratory and environmental testing services in the medical device testing sector with this acquisition. MycoScience Inc. is a medical device and pharmaceutical laboratory testing services company established in the United States.

The Medical Device Testing Global Market Report 2023 covers regional data on medical device testing market size, medical device testing market trends and drivers, opportunities, strategies, and medical device testing market competitor analysis. The countries covered in the medical device testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The process of examining and validating the safety, effectiveness, and quality of medical equipment is referred to as medical device testing. It is used to guarantee that items are safe and effective for use in patient care, as well as that they meet regulatory agencies’ criteria and requirements.

View More Reports Related To The Medical Device Testing Market –
Medical And Diagnostic Laboratory Services Global Market Report 2023
Medical Equipment Global Market Report 2023
Medical Equipment Maintenance Global Market Report 2023

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