Medical Device Testing Market Size

Medical Device Testing Market size was valued at USD 10.05 billion in 2024 and is set to exceed USD 19.67 billion by 2037, registering over 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of medical device testing is estimated at USD 10.48 billion. Consumers repeatedly are demanding effectiveness, outstanding performance, and security from medical devices. This factor has raised the demand for the verification and validation of medical devices. Therefore, it is compulsory for manufacturers to properly define and test medical devices for confirmation of quality. The government authorities of various regions have mandated the medical testing procedure for medical devices before their use.  

Advancement in technology such as the adoption 0f AI or IoT in multiple medical devices is expected to create lucrative growth opportunities for the sector. Various companies are now incorporating these technologies into their devices. Innovative and advanced medical devices aid in accurate results of disease diagnosing invention in medical devices and also offers cost-friendly technology-based therapeutic tools for disease treatment. Various government authorities and companies do promote medical research centers. In 2021, PaxeraHealth declared that it had established an AI-based imagining platform in the United States