Medical Device Analytical Testing Outsourcing Market Analysis and Forecast by 2032

Posted by Ganesh Shinde on January 26th, 2023

According to new data from Future Market Insights (FMI), the global Medical Device Analytical Testing Outsourcing Market generated .11 billion in 2021 and is expected to grow at a 7.18% CAGR to .96 billion in 2032.

As the global prevalence of chronic diseases rises, so does the demand for medical device analytical testing outsourcing. The government's increasingly stringent quality certificate rules are driving growth in the global medical device analytical testing outsourcing market. Premarket approvals and 510 (k) clearance are required for Class II devices; however, obtaining such clearance is a time-consuming process; thus, such emerging scenarios have fueled the growth of the global medical device analytical testing outsourcing market. Medical device companies are hiring consultants to assist them in understanding the documentation and regulations required for pre-market approvals.

The advancement of advanced devices such as surgical microscopes, surgical robots, neurosurgery devices, ophthalmic surgical devices, and many others has reduced direct human contact in surgical procedures, necessitating the requirement of quality certificates for medical devices. The global medical device analytical testing outsourcing market is being propelled forward by rising demand for minimally invasive surgeries. Manufacturers, on the other hand, are turning to medical device analytical testing outsourcing to ensure accuracy, precision, quality control, and routine maintenance.

Competitive Landscape

The global medical device analytical testing outsourcing market is highly fragmented. Mergers, acquisitions, and partnerships, among other strategies, were used by industry participants to maintain market share. The key market players are:

• SGS
• Toxikon, Inc
• Eurofins Scientific
• Pace Analytical Services LLC
• Intertek Group plc
• Wuxi AppTec
• North American Science Associates, Inc.
• Envigo
• Charles River Laboratories International, Inc.
• Medical Device Testing Services

Browse More@ https://www.futuremarketinsights.com/reports/medical-device-analytical-testing-outsourcing-market

Medical Device Analytical Testing Outsourcing Industry Report Segmentation:

By Service:

• Extractable and Leachable
• Material Characterization
• Physical Testing
• Bioburden Testing
• Sterility Testing
• Other Tests

By Device Type:

• Reprocessed Devices
• Others Medical

By End Use:

• Hospitals
• Others

By Therapeutic Areas:

• Cardiology
• Diagnostic Imaging
• Orthopedic
• IVD
• Ophthalmic
• General & Plastic Surgery
• Drug Delivery
• Endoscopy
• Dental
• Diabetes Care
• Others