Global Medical Device Testing Industry

Global Medical Device Testing Industry

  • October 2019 •
  • 168 pages •
  • Report ID: 5799070 •
  • Format: PDF
Medical Device Testing market worldwide is projected to grow by US$4.3 Billion, driven by a compounded growth of 5.9%. Testing Services, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$5.5 Billion by the year 2025, Testing Services will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 6.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$200.3 Million to the region’s size and clout in the next 5 to 6 years. Over US$202.8 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Testing Services will reach a market size of US$476.3 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5.7% over the next couple of years and add approximately US$750.9 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, Astm; Avomeen Analytical Services; BDC Laboratories; BSI; Bureau Veritas SA; Charles River Laboratories International, Inc.; DEKRA Certification GmbH; Element Materials Technology; Envigo, Inc.; Eurofins Scientific SE; Gateway Analytical LLC.; Intertek Group PLC; Medical Device Testing Services; Medistri SA; North American Science Associates, Inc.; NSF International; Pace Analytical Services, Inc.; SGS SA; Source BioScience PLC; Toxikon Corporation; TUV Rheinland AG; Tuv Sud AG; UL LLC (Underwriters Laboratories); Wuxi Apptec Co., Ltd.