Medical Device Testing Market Analysis

Services (Testing, Inspection, Certification)

The testing segment is anticipated to observe the largest market value throughout the forecast period in terms of service segment. The testing segment is high in demand in the medical device testing market owing to increased demand for advanced products, awareness among consumers, and high-quality products. The testing service aids in reducing the cost of the pre-production phase along with this it enhances the marketability of medical devices.

Moreover, in response to the urgent demands of patients and healthcare systems around the world dealing with COVID-19. Medtronic PLC announced in March 2020 that it had increased production by more than 40% to date and was on track to more than double its capacity to manufacture and supply ventilators.

End-User (Hospitals, Research Centers, Homecare Clinics)

Based on end-user segmentation, the hospital segment is predicted to hold 38% share of the global medical device testing market in the projected period. Hospitals use all types of medical devices from simple diagnostic devices to complex ones, and these devices must be checked and verified before use to ensure their safety and effectiveness. 

Our in-depth analysis of the global market includes the following segments: