New Study from StrategyR Highlights a $12.6 Billion Global Market for Medical Device Testing by 2026
SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Medical Device Testing - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 1832
Companies: 17 - Players covered include 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. and Others.
Coverage: All major geographies and key segments
Segments: Service (Testing Services, Inspection Services, Certification Services, Other Services); Technology (Active Implant Medical Device, Active Medical Device, Non-Active Medical Device, In-Vitro Diagnostic Medical Device, Ophthalmic Medical Device, Orthopedic and Dental Medical Device, Vascular Medical Device, Other Medical Device Technologies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Medical Device Testing Market to Reach $12.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Medical Device Testing estimated at US$9.4 Billion in the year 2020, is projected to reach a revised size of US$12.6 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Testing Services, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$5.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Inspection Services segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.9 Billion in 2021, While China is Forecast to Reach $2.2 Billion by 2026
The Medical Device Testing market in the U.S. is estimated at US$2.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2026 trailing a CAGR of 4.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Certification Services Segment to Reach US$2.8 Billion by the year 2026
In the global Certification Services segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
Join Our Expert Panel
Connect With Us on LinkedIn
Follow Us on Twitter
Journalists & Media
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-study-from-strategyr-highlights-a-12-6-billion-global-market-for-medical-device-testing-by-2026--301405395.html
SOURCE Global Industry Analysts, Inc.
Upcoming Life Sciences Events
- November 2021
- Biotechgate Digital Partnering
- GIANT Health Event
- December 2021
- BioFIT - Fostering Innovation & Transfer