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Medical Device Testing Market by Services (Testing, Inspection, Certification), Sourcing (In-house, Outsourced), Class (Class I, Class II, Class III), Technology (Active Implant, IVD, Orthopedic & Dental, Ophthalmic, Vascular) - Global Forecast to 2023

Medical Device Testing Market by Services (Testing, Inspection, Certification), Sourcing (In-house, Outsourced), Class (Class I, Class II, Class III), Technology (Active Implant, IVD, Orthopedic & Dental, Ophthalmic, Vascular) - Global Forecast to 2023

“Medical device testing market is projected to grow at a CAGR of 6.18% between 2017 and 2023”
The medical device testing market is estimated to be USD 8.56 billion in 2017 and is expected to reach USD 12.26 billion by 2023, growing at a CAGR of 6.18% between 2017 and 2023. Some of the market drivers are an increasing need of validation and verification (V&V) for medical device, and imposition of rigorous government regulations and standards across medical devices. The main restrain for the market growth is barrier to local development of medical device manufacturers.

“Medical device testing market for certification services expected to grow at the highest CAGR during the forecast period”
There has been an increasing demand for certification services, owing to the increasing number of specified standards by governments and international standardization institutions. Companies are more aware about their credibility than before and certifications demonstrate the compliance of their medical device with specific standards and improve its marketability.

“Medical device testing market for in-house sourcing type accounted for the largest share in 2016”
Manufacturers and organizations had to adhere to limited standards and regulations in the past; hence, it was possible for companies to build their in-house testing and inspection capabilities. In the recent years, the standards pertaining to human/user safety have increased and become mandatory for medical devices. However, this trend is shifting to the increase in outsourcing TIC services to specialized third-party service providers as they help reduce manufacturers’ operational expenditure.

“Medical device testing market for active implant medical device to grow at the highest CAGR during the forecast period”
Implementation of stringent regulations to ensure that the implantable medical devices are fit for the human body is increasing. These devices are prone to risks. Hence, they are subjected to rigorous regulatory controls, both pre- and post-marketing.

“APAC is expected to be the fastest-growing market for medical device testing, inspection, and certification services during the forecast period”
Many economically advanced countries have their manufacturing units in the developing economies of APAC, especially China and India. These units are required to manufacture products in compliance with internationally accepted standards. The markets in APAC are growing rapidly, owing to the rising per capita income among the middle class.

Breakdown of profile of primary participants:
• By Company: Tier 1 – 52 %, Tier 2 – 14%, and Tier 3 – 34%
• By Designation: C-Level Executives – 49%, Directors = 28%, and Others = 23%
• By Region: North America – 42%, Europe – 32%, APAC – 21%, and RoW – 5%

The major players profiled in this report include:
• SGS (Switzerland)
• Bureau Veritas (France)
• Intertek (UK)
• DEKRA (Germany)
• TÜV SÜD (Germany)
• Eurofins Scientific (Luxembourg)
• TÜV Rheinland (Germany)
• BSI (UK)
• UL (US)
• ASTM (US)

Research Coverage
The study segments the medical device testing market report into service type (testing services, inspection services, certification services, and others) and sourcing type (in-house and outsourced). The study also covers device class (class I, class II, class III), technologies (active implant, active, non-active, IVD, ophthalmic, orthopedic and dental, vascular, and others), and provides the geographic forecast of the market size for various segments with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to buy the report
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the medical device testing market comprehensively and provides the closest approximations of the overall market size and those of the subsegments across different applications and regions.
2. The report provides the detailed analysis of the medical device testing, inspection, and certification market with the help of competitive leadership mapping, and value chain analysis including key companies in the market and their relations in the ecosystem.
3. The report helps stakeholders to understand the pulse of the market and provides them information on the key market drivers, restraints, challenges, and opportunities.
4. This report would help stakeholders to understand their competitors better and gain insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem, standards and certification developments, expansion and service expansion, partnerships, and mergers and acquisitions in the medical device testing market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • LUCRATIVE OPPORTUNITIES IN THE MEDICAL DEVICE TESTING MARKET
    • MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY
    • MEDICAL DEVICE TESTING MARKET, BY DEVICE CLASS AND TECHNOLOGY
    • MEDICAL DEVICE TESTING MARKET, BY DEVICE CLASS AND SERVICE TYPE
    • MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY AND SOURCING TYPE
    • MEDICAL DEVICE TESTING MARKET IN ASIA PACIFIC, BY COUNTRY AND TECHNOLOGY
    • MEDICAL DEVICE TESTING MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table COMMON FRAMEWORK FOR MEDICAL DEVICE REGULARIZATION
      • RESTRAINTS
      • OPPORTUNITIES
        • Table LIST OF STANDARDS RELATED TO THE WIRELESS MEDICAL DEVICE
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
    • CORE INDUSTRY SEGMENTS FOR THE OVERALL MEDICAL DEVICE TESTING MARKET
    • KEY TRENDS
  • MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE
    • INTRODUCTION
      • Table MEDICAL DEVICE TESTING MARKET, BY SERVICE TYPE, 2015–2023 (USD MILLION)
    • TESTING SERVICES
      • Table MEDICAL DEVICE TESTING MARKET FOR TESTING SERVICES, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR TESTING SERVICES, BY DEVICE CLASS, 2015–2023 (USD MILLION)
    • INSPECTION SERVICES
      • Table MEDICAL DEVICE TESTING MARKET FOR INSPECTION SERVICES, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR INSPECTION SERVICES, BY DEVICE CLASS, 2015–2023 (USD MILLION)
    • CERTIFICATION SERVICES
      • Table MEDICAL DEVICE TESTING MARKET FOR CERTIFICATION SERVICES, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR CERTIFICATION SERVICES, BY DEVICE CLASS, 2015–2023 (USD MILLION)
    • OTHERS
      • Table MEDICAL DEVICE TESTING MARKET FOR OTHER SERVICE TYPES, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR OTHER SERVICE TYPES, BY DEVICE CLASS, 2015–2023 (USD MILLION)
  • MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE
    • INTRODUCTION
      • Table MEDICAL DEVICE TESTING MARKET, BY SOURCING TYPE, 2015–2023 (USD MILLION)
    • IN-HOUSE
      • Table MEDICAL DEVICE TESTING MARKET FOR IN-HOUSE SOURCING TYPE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
    • OUTSOURCED
      • Table MEDICAL DEVICE TESTING MARKET FOR OUTSOURCED SOURCING TYPE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
  • MEDICAL DEVICE TESTING MARKET, BY DEVICE CLASS
    • INTRODUCTION
    • REGIONAL CLASS DIFFERENTIATION
      • US
      • EUROPEAN UNION AND EUROPEAN FREE TRADE ASSOCIATION
      • CANADA
      • AUSTRALIA
    • CLASS DIFFERENTIATION CONSIDERED IN THIS STUDY
      • Table MEDICAL DEVICE TESTING MARKET, BY DEVICE CLASS, 2015–2023 (USD MILLION)
    • CLASS I
      • Table MEDICAL DEVICE TESTING MARKET FOR CLASS I, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR CLASS I, BY SERVICE TYPE, 2015–2023 (USD MILLION)
    • CLASS II
      • Table MEDICAL DEVICE TESTING MARKET FOR CLASS II, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR CLASS II, BY SERVICE TYPE, 2015–2023 (USD MILLION)
    • CLASS III
      • Table MEDICAL DEVICE TESTING MARKET FOR CLASS III, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR CLASS III, BY SERVICE TYPE, 2015–2023 (USD MILLION)
  • MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table MEDICAL DEVICE TESTING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
    • ACTIVE IMPLANT MEDICAL DEVICE
      • Table MEDICAL DEVICE TESTING MARKET FOR ACTIVE IMPLANT MEDICAL DEVICE, BY DEVICE CLASS, 2015– 2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR ACTIVE IMPLANT MEDICAL DEVICE, BY SERVICE TYPE, 2015– 2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR ACTIVE IMPLANT MEDICAL DEVICE, BY SOURCING TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR ACTIVE IMPLANT MEDICAL DEVICE, BY REGION, 2015–2023 (USD MILLION)
    • ACTIVE MEDICAL DEVICE
      • Table MEDICAL DEVICE TESTING MARKET FOR ACTIVE MEDICAL DEVICE, BY DEVICE CLASS, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR ACTIVE MEDICAL DEVICE, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR ACTIVE MEDICAL DEVICE, BY SOURCING TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR ACTIVE MEDICAL DEVICE, BY REGION, 2015–2023 (USD MILLION)
    • NON-ACTIVE MEDICAL DEVICE
      • Table MEDICAL DEVICE TESTING MARKET FOR NON-ACTIVE MEDICAL DEVICE, BY DEVICE CLASS, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR NON-ACTIVE MEDICAL DEVICE, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR NON-ACTIVE MEDICAL DEVICE, BY SOURCING TYPE, 2015– 2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR NON-ACTIVE MEDICAL DEVICE, BY REGION, 2015–2023 (USD MILLION)
    • IN-VITRO DIAGNOSTIC MEDICAL DEVICE
      • Table MEDICAL DEVICE TESTING MARKET FOR IN-VITRO DIAGNOSTIC MEDICAL DEVICE, BY DEVICE CLASS, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR IN-VITRO DIAGNOSTIC MEDICAL DEVICE, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR IN-VITRO DIAGNOSTIC MEDICAL DEVICE, BY SOURCING TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR IN-VITRO DIAGNOSTIC MEDICAL DEVICE, BY REGION, 2015– 2023 (USD MILLION)
    • OPHTHALMIC MEDICAL DEVICE
      • Table MEDICAL DEVICE TESTING MARKET FOR OPHTHALMIC MEDICAL DEVICE, BY DEVICE CLASS, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR OPHTHALMIC MEDICAL DEVICE, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR OPHTHALMIC MEDICAL DEVICE, BY SOURCING TYPE, 2015– 2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR OPHTHALMIC MEDICAL DEVICE, BY REGION, 2015–2023 (USD MILLION)
    • ORTHOPEDIC AND DENTAL MEDICAL DEVICE
      • Table MEDICAL DEVICE TESTING MARKET FOR ORTHOPEDIC AND DENTAL MEDICAL DEVICE, BY DEVICE CLASS, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR ORTHOPEDIC AND DENTAL MEDICAL DEVICE, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR ORTHOPEDIC AND DENTAL MEDICAL DEVICE, BY SOURCING TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR ORTHOPEDIC AND DENTAL MEDICAL DEVICE, BY REGION, 2015–2023 (USD MILLION)
    • VASCULAR MEDICAL DEVICE
      • Table MEDICAL DEVICE TESTING MARKET FOR VASCULAR MEDICAL DEVICE, BY DEVICE CLASS, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR VASCULAR MEDICAL DEVICE, BY SERVICE TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR VASCULAR MEDICAL DEVICE, BY SOURCING TYPE, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET FOR VASCULAR MEDICAL DEVICE, BY REGION, 2015–2023 (USD MILLION)
    • OTHER MEDICAL DEVICE TECHNOLOGIES
      • MOBILE DEVICES
      • MEDICAL DEVICES WITH ANCILLARY MEDICINAL SUBSTANCES
      • MEDICAL DEVICES UTILIZING ANIMAL ORIGIN
        • Table MEDICAL DEVICE TESTING MARKET FOR OTHER MEDICAL DEVICE TECHNOLOGIES, BY DEVICE CLASS, 2015–2023 (USD MILLION)
        • Table MEDICAL DEVICE TESTING MARKET FOR OTHER MEDICAL DEVICE TECHNOLOGIES, BY SERVICE TYPE, 2015–2023 (USD MILLION)
        • Table MEDICAL DEVICE TESTING MARKET FOR OTHER MEDICAL DEVICE TECHNOLOGIES, BY SOURCING TYPE, 2015–2023 (USD MILLION)
        • Table MEDICAL DEVICE TESTING MARKET FOR OTHER MEDICAL DEVICE TECHNOLOGIES, BY REGION, 2015– 2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table MEDICAL DEVICE TESTING MARKET, BY REGION, 2015–2023 (USD MILLION)
    • NORTH AMERICA
      • Table MEDICAL DEVICE TESTING MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table MEDICAL DEVICE TESTING MARKET IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET IN EUROPE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • UK
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • APAC
      • Table MEDICAL DEVICE TESTING MARKET IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET IN APAC, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF APAC
    • ROW
      • Table MEDICAL DEVICE TESTING MARKET IN ROW, BY REGION, 2015–2023 (USD MILLION)
      • Table MEDICAL DEVICE TESTING MARKET IN ROW, BY TECHNOLOGY, 2015–2023 (USD MILLION)
      • SOUTH AMERICA
      • MIDDLE EAST AND AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • KEY PLAYERS IN THE MEDICAL DEVICE TESTING MARKET
      • Table TOP 5 PLAYERS IN THE MEDICAL DEVICE TESTING MARKET, 2016
    • COMPETITIVE SITUATIONS AND TRENDS
    • DEVELOPMENTS
      • NEW STANDARDS AND CERTIFICATION DEVELOPMENTS
        • Table NEW STANDARDS AND CERTIFICATION DEVELOPMENTS (2017)
      • EXPANSIONS AND SERVICE EXPANSIONS
        • Table EXPANSIONS AND SERVICE EXPANSIONS (2017)
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS (2015–2017)
  • COMPANY PROFILES
    • KEY PLAYERS
      • SGS
      • BUREAU VERITAS
      • INTERTEK
      • TÜV SÜD
      • DEKRA
      • BSI
      • TÜV RHEINLAND
      • UL
      • EUROFINS SCIENTIFIC
      • ASTM
    • START-UP ECOSYSTEM
      • ELEMENT MATERIAL TECHNOLOGY (EXOVA)
      • ENVIGO
      • AVOMEEN ANALYTICAL SERVICES
      • GATEWAY ANALYTICAL
      • MEDISTRI SA
    • OTHER KEY PLAYERS
      • NORTH AMERICAN SCIENCE ASSOCIATES (NAMSA)
      • PACE ANALYTICAL SERVICES
      • WUXI APPTEC
      • TOXIKON
      • CHARLES RIVER LABORATORIES
      • MEDICAL DEVICE TESTING SERVICES
      • SOURCE BIOSCIENCE
      • NSF INTERNATIONAL
      • BDC LABORATORIES
      • SURPASS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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