Critical Market Drivers Shaping the Outlook for Medical Device Testing Services Market from 2025-2034: Role Of Chronic Diseases In Boosting The Medical Device Testing Services Market
Discover trends, market shifts, and competitive outlooks for the medical device testing services industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Fast Is The Medical Device Testing Services Market Expected to Grow Between 2025 And 2029?
The market size for medical device testing services has seen a swift expansion in the past few years. Anticipated to escalate from $9.25 billion in 2024 to $10.21 billion in 2025, the compound annual growth rate (CAGR) is expected to be 10.4%. The growth observed in the historic period is believed to be the result of industry consolidation, requirements for quality assurance, emphasis on patient safety, globalization of the medical device sector, and the rising complexity of medical devices.
The market size for medical device testing services is anticipated to experience significant expansion in the upcoming years, swelling up to $14.22 billion in 2029, presenting a compound annual growth rate (CAGR) of 8.6%. The predicted expansion during this period can be credited to the rapid evolution of the medical device industry, the development of emerging markets and regulatory changes, the prioritization of customized medication, cybersecurity issues, and a transition towards value-based healthcare. Key trend-setters anticipated during this period comprise sustainable testing methods, the amalgamation of regulatory consulting services, testing and customization in medication, enhancements in testing apparatus and technology, and the augmentation of in vitro diagnostic (IVD) testing services.
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What Are the Core Growth Drivers Propelling the Medical Device Testing Services Market Forward?
The growth of the medical device testing services market is anticipated to be driven by the increasing incidence of chronic illnesses. Chronic illnesses, referring to long-lasting health conditions that persist for a year or more, are a result of an aging population, unhealthy lifestyle habits, and environmental factors. These testing services for medical devices play a critical role in managing chronic diseases by facilitating remote patient monitoring (RPM) and the real-time detection of changes in health. They guarantee the safety, effectiveness, dependability, and quality of these devices, ultimately enhancing patient outcomes and life quality. For instance, the National Library of Medicine, a medical library based in the U.S, projected in January 2023 that the number of individuals impacted by at least one chronic disease would nearly double, increasing by 99.5% from 71.522 million in 2020 to 142.66 million by 2050. Consequently, the increasing prevalence of chronic diseases is fueling the expansion of the medical device testing services market.
What Segment Types Define the Medical Device Testing Services Market Structure?
The medical device testing services market covered in this report is segmented –
1) By Product: Active Implant Medical Device, Active Medical Device, Non-Active Medical Device, In-Vitro Diagnostics Medical Device, Ophthalmic Medical Device, Orthopedic And Dental Medical Device, Vascular Medical Device, Other Products
2) By Service: Biocompatibility Tests, Chemistry Test, Microbiology And Sterility Test, Package Validation
3) By Phase: Preclinical, Clinical
Subsegments:
1) By Active Implant Medical Device: Pacemakers, Implantable Defibrillators, Neurostimulators
2) By Active Medical Device: Infusion Pumps, Diagnostic Equipment, Therapeutic Equipment
3) By Non-Active Medical Device: Surgical Instruments, Patient Monitoring Equipment, Bandages And Dressings
4) By In-Vitro Diagnostics Medical Device: Blood Test Kits, Urine Test Strips, Molecular Diagnostic Devices
5) By Ophthalmic Medical Device: Contact Lenses, Surgical Instruments For Eye Surgery, Diagnostic Equipment For Eye Care
6) By Orthopedic And Dental Medical Device: Joint Replacement Implants, Orthotic Devices, Dental Crowns And Bridges
7) By Vascular Medical Device: Stents, Catheters, Vascular Grafts
8) By Other Products: Miscellaneous Medical Devices, Custom Medical Devices, Combination Products
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Which Geographic Areas Hold the Strongest Growth Potential in the Medical Device Testing Services Market?
Asia-Pacific was the largest region in the medical device testing services market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which Emerging Trends that Are Influencing theMedical Device Testing Services Industry Evolution?
Key players in the medical device testing services market are focusing on embracing technological advancements, like new testing services for medical devices, to offer complete testing solutions. These services by specialized firms aim to ascertain the efficiency, safety, and adherence of medical devices to both national and international laws. For example, UL Solutions, an American medical testing, inspection, and certification services provider, introduced its new medical device testing services at its Rochester Hills lab in October 2023. These services encompass compliance training for medical device creators, usability testing, and third-party verification and validation. These additions not only enhance the state’s emerging medical device industry but also assist manufacturers in heightening the safety, security, usability, and interoperability of their devices. They also offer third-party verification and validation, cybersecurity services, audits, usability testing, and compliance training to medical device manufacturers. Furthermore, it helps to identify and manage potential threats, like quality, safety, and cybersecurity, all the while fostering innovation and safeguarding users.
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What Is the Definition of the Medical Device Testing Services Market?
Medical device testing services refer to the processes and procedures conducted to evaluate the safety, efficacy, reliability, and quality of medical devices. These services are crucial in ensuring that medical devices meet regulatory standards and requirements before they can be marketed and used for clinical purposes.
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