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Global Medical Device Testing Market Report 2020-2025: Increased Requirement for PPE Kits and N95 Masks Driving Growth

Research and Markets
·8-min read

Dublin, Sept. 29, 2020 (GLOBE NEWSWIRE) -- The "Medical Device Testing Market with COVID-19 impact, By Services (Testing, Inspection , Certification), Sourcing , Technology (Active Implant, IVD, Orthopedic & Dental, Opthalmic, Vascular), Class, Testing, Region) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Medical Device Testing Market Was Valued at USD 9.3 Billion in 2020 and is Projected to Reach USD 11.8 Billion by 2025; Growing at a CAGR of 4.8% from 2020 to 2025.

The harmonization of standards, growing consumption of medical devices in emerging countries, increasing need of validation and verification for medical devices, the imposition of rigorous government regulations, the growing trend of outsourcing medical device testing services and standards across medical devices will drive the growth of medical device testing market.

The medical device testing market is growing due to the increasing need of verification and validation for medical devices. The in-vitro diagnostic (IVD) medical device segment held the largest share of the medical device testing market in 2019, owing to the increasing demand for rapid testing kits and other diagnostics devices across regions. The active implant medical device segment is projected to witness the highest CAGR during the forecast period, owing to the implementation of stringent regulations to ensure that the implantable medical devices are fit for the human body.

The market for medical device testing is primarily driven by the continuously rising number of COVID-19 cases leading to the increasing number of ICU beds, which leads to the growing demand for COVID-19 priority medical devices. The market is also driven by factors such as the increased requirement for PPE kits and N95 masks globally and rising demand for ventilators for the effective management of critical COVID-19 patients.

The demand for in-vitro diagnostic products due to the COVID-19 pandemic is expected to increase mainly due to factors such as market demand for rapid-test products and a sharp rise in the target patient population in a few countries. However, delays in non-urgent treatment and surgical procedures and the impact on supply chain and logistics due to lockdown are likely to restrain the growth of this market

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 Impact of COVID-19 on Medical Device Testing Market
3.1.1 Pre-COVID-19 Scenario
3.1.2 Post-COVID-19 Scenario

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising need for more Stringent Regulatory Standards in New Medical Devices
5.2.1.2 Increasing need for Validation and Verification of Medical Devices
5.2.1.3 Imposition of Rigorous Government Regulations
5.2.1.4 Growing Trend of Outsourcing Medical Device Testing Services
5.2.2 Restraints
5.2.2.1 Barriers to Local Development of Medical Devices
5.2.3 Opportunities
5.2.3.1 Integration of Mobile and Medical Devices
5.2.3.2 Consolidation of Fragmented Market
5.2.3.3 Rapid Advancements in Medical Technologies
5.2.3.4 Development in IoT and AI in Various Medical Devices
5.2.4 Challenges
5.2.4.1 Complex Nature of Global Supply Chains
5.2.4.2 Long Lead Time for Overseas Qualification Tests

6 Industry Trends
6.1 Value Chain Analysis
6.1.1 Core Industry Segments for Overall Medical Device Testing Ecosystem
6.1.1.1 TIC Standards and Regulatory Bodies
6.1.1.2 Companies Offering TIC Services
6.1.1.3 Technologies for End-User Applications
6.2 Factor Analysis
6.3 Industry Trends
6.4 Patent Analysis

7 Medical Device Testing Market, by Testing
7.1 Electromagnetic Compatibility
7.2 Electrical Safety
7.3 Wireless Connectivity (2G/3G/4G-LTE, Wi-Fi, Bluetooth, and NFC)
7.4 Environmental Testing
7.5 Mechanical Testing
7.6 Chemical, Physical, and Biocompatibility Testing
7.7 Cybersecurity Testing

8 Medical Device Testing Market, by Service Type
8.1 Introduction
8.2 Impact of COVID-19 on Medical Device Testing Certification Service Market
8.3 Testing Services
8.3.1 Testing Services Ensure Products have Met Required Quality, Safety, and Performance Regulatory Standards
8.4 Inspection Services
8.4.1 Inspection Services in Medical Device Testing Market Involve Examination of Traded Goods and Commodities from Manufacturing to Final Product Storage
8.5 Certification Services
8.5.1 Certifications Ensure that Manufacturers of Medical Products have Followed Standards and Quality and Safety Norms during Production Process
8.6 Others

9 Medical Device Testing Market, by Sourcing Type
9.1 Introduction
9.2 In-House
9.2.1 In-House Capabilities in Terms of Technology, Test & Measurement Equipment and Skilled Personnel are Required to Perform Medical Device Testing Activities
9.3 Outsourced
9.3.1 Overall Outsourced Medical Device Testing Market is Highly Fragmented with Large Numbers of Small- and Medium-Sized Players
9.4 Impact of COVID-19 on Outsourcing Services

10 Medical Device Testing Market, by Device Class
10.1 Introduction
10.2 Regional Class Differentiation
10.3 Class Differentiation Considered in This Study
10.4 Impact of COVID-19 on Class III Medical Devices
10.5 Class I
10.5.1 Class I Medical Devices have Minimum Potential to Harm Users
10.6 Class II
10.6.1 Class II Medical Devices Must have Special Labelling and should Meet Performance Standards and Post-Market Surveillance Requirements
10.7 Class III
10.7.1 Class III Medical Devices Support or Sustain Human Lives

11 Medical Device Testing Market, by Technology
11.1 Introduction
11.2 Impact of COVID-19 on Active Implant Medical Device Market
11.3 Active Implant Medical Device
11.3.1 Certification of AImd is Necessary Due to Its Direct Impact on Safety and Health of Personnel
11.4 Active Medical Device
11.4.1 Active Medical Devices are Considered to be Medium- to High-Risk Medical Devices
11.5 Non-Active Medical Device
11.5.1 Non-Active Medical Devices Consist of Low-Risk Items
11.6 In-Vitro Diagnostic Medical Device
11.6.1 Ivd Medical Device Technology Adds Significant Value to Treatment Process and Medical Diagnosis
11.7 Ophthalmic Medical Device
11.7.1 Market in APAC is Expected to Grow at Highest CAGR for Ophthalmic Medical Devices
11.8 Orthopedic and Dental Medical Device
11.8.1 Orthopedic and Dental Medical Devices are Trending Toward Low-Cost Implants, Instrumentation, and Delivery Systems
11.9 Vascular Medical Device
11.9.1 Certification Service Market for Vascular Medical Devices is Expected to Grow at Highest CAGR during Forecast Period
11.10 Other Medical Device Technologies
11.10.1 Mobile Devices
11.10.2 Medical Devices with Ancillary Medicinal Substances
11.10.3 Medical Devices Utilizing Animal Origin

12 Geographic Analysis
12.1 Introduction
12.2 Impact of COVID-19 Medical Device Testing Market in APAC
12.3 North America
12.3.1 US
12.3.1.1 US is World Leader in Medical Devices in Terms of Awareness Among Users About Safety and Security of Medical Devices
12.3.2 Canada
12.3.2.1 Canada is Actively Involved in Setting Up Medical Device Regulations
12.3.3 Mexico
12.3.3.1 Mexico is Among Largest Medical Device Importers Globally
12.4 Europe
12.5 APAC
12.6 RoW

13 Competitive Landscape
13.1 Overview
13.2 Key Players in Medical Device Testing Market
13.3 Competitive Leadership Mapping
13.4 Competitive Scenario
13.5 Developments
13.5.1 New Standards and Certification Developments
13.5.2 Expansions and Service Expansions
13.5.3 Mergers and Acquisitions

14 Company Profiles
14.1 Key Players
14.1.1 SGS
14.1.2 Eurofins Scientific
14.1.3 Bureau Veritas
14.1.4 Intertek
14.1.5 Tv Sd
14.1.6 Dekra
14.1.7 BSI
14.1.8 Tv Rheinland
14.1.9 UL
14.1.10 ASTM
14.2 Right-To-Win
14.3 Start-Up Ecosystem
14.3.1 Element Material Technology (Exova)
14.3.2 Envigo
14.3.3 Avomeen Analytical Services
14.3.4 Gateway Analytical
14.3.5 Medistri SA
14.4 Other Key Players
14.4.1 North American Science Associates (Namsa)
14.4.2 Pace Analytical Services
14.4.3 Wuxi Apptec
14.4.4 Toxikon
14.4.5 Charles River Laboratories
14.4.6 Medical Device Testing Services
14.4.7 Source Bioscience
14.4.8 NSF International
14.4.9 BDC Laboratories
14.4.10 Surpass


For more information about this report visit https://www.researchandmarkets.com/r/8a532

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