With the advancement in technology, medical devices are becoming smaller in size with more complex design. Hence, validation and verification of medical device has become even more important. This validation and verification process helps in designing the highest quality medical devices with minimum error. Validation and verification also help to reduce the production cost of medical devices.
Market Analysis and Insights: Global Medical Device Validation and Verification Market
The global Medical Device Validation and Verification market is projected to grow from US$ 626.6 million in 2024 to US$ 1021.7 million by 2030, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
Report Covers:
This report presents an overview of global market for Medical Device Validation and Verification market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Medical Device Validation and Verification, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Medical Device Validation and Verification, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Medical Device Validation and Verification revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Medical Device Validation and Verification market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Medical Device Validation and Verification revenue, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
SGS SA
QuEST
Global Services Pte. Ltd
Intertek
Element Materials Technology
TÃœV SÃœD AG
NAMSA
Eurofins Scientific SE
Charles River
Sterling Medical Devices
Pacific Biolabs
Toxikon Corporation
Steris Laboratories
Segment by Type
Mechanical testing
Biological
EMC/ECI
Electrical safety testing
Segment by Application
Cardiovascular
Dermatology
Orthopedics
Nephrology
Respiratory
Neurology
Oncology
ENT
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Medical Device Validation and Verification in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Medical Device Validation and Verification companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Medical Device Validation and Verification revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Medical Device Validation and Verification Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Mechanical testing
1.2.3 Biological
1.2.4 EMC/ECI
1.2.5 Electrical safety testing
1.3 Market by Application
1.3.1 Global Medical Device Validation and Verification Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Cardiovascular
1.3.3 Dermatology
1.3.4 Orthopedics
1.3.5 Nephrology
1.3.6 Respiratory
1.3.7 Neurology
1.3.8 Oncology
1.3.9 ENT
1.3.10 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Medical Device Validation and Verification Market Perspective (2019-2030)
2.2 Global Medical Device Validation and Verification Growth Trends by Region
2.2.1 Medical Device Validation and Verification Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Medical Device Validation and Verification Historic Market Size by Region (2019-2024)
2.2.3 Medical Device Validation and Verification Forecasted Market Size by Region (2025-2030)
2.3 Medical Device Validation and Verification Market Dynamics
2.3.1 Medical Device Validation and Verification Industry Trends
2.3.2 Medical Device Validation and Verification Market Drivers
2.3.3 Medical Device Validation and Verification Market Challenges
2.3.4 Medical Device Validation and Verification Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Medical Device Validation and Verification by Players
3.1.1 Global Medical Device Validation and Verification Revenue by Players (2019-2024)
3.1.2 Global Medical Device Validation and Verification Revenue Market Share by Players (2019-2024)
3.2 Global Medical Device Validation and Verification Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Medical Device Validation and Verification, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Medical Device Validation and Verification Market Concentration Ratio
3.4.1 Global Medical Device Validation and Verification Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Medical Device Validation and Verification Revenue in 2023
3.5 Global Key Players of Medical Device Validation and Verification Head office and Area Served
3.6 Global Key Players of Medical Device Validation and Verification, Product and Application
3.7 Global Key Players of Medical Device Validation and Verification, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Medical Device Validation and Verification Breakdown Data by Type
4.1 Global Medical Device Validation and Verification Historic Market Size by Type (2019-2024)
4.2 Global Medical Device Validation and Verification Forecasted Market Size by Type (2025-2030)
5 Medical Device Validation and Verification Breakdown Data by Application
5.1 Global Medical Device Validation and Verification Historic Market Size by Application (2019-2024)
5.2 Global Medical Device Validation and Verification Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Medical Device Validation and Verification Market Size (2019-2030)
6.2 North America Medical Device Validation and Verification Market Size by Type
6.2.1 North America Medical Device Validation and Verification Market Size by Type (2019-2024)
6.2.2 North America Medical Device Validation and Verification Market Size by Type (2025-2030)
6.2.3 North America Medical Device Validation and Verification Market Share by Type (2019-2030)
6.3 North America Medical Device Validation and Verification Market Size by Application
6.3.1 North America Medical Device Validation and Verification Market Size by Application (2019-2024)
6.3.2 North America Medical Device Validation and Verification Market Size by Application (2025-2030)
6.3.3 North America Medical Device Validation and Verification Market Share by Application (2019-2030)
6.4 North America Medical Device Validation and Verification Market Size by Country
6.4.1 North America Medical Device Validation and Verification Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Medical Device Validation and Verification Market Size by Country (2019-2024)
6.4.3 North America Medical Device Validation and Verification Market Size by Country (2025-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe Medical Device Validation and Verification Market Size (2019-2030)
7.2 Europe Medical Device Validation and Verification Market Size by Type
7.2.1 Europe Medical Device Validation and Verification Market Size by Type (2019-2024)
7.2.2 Europe Medical Device Validation and Verification Market Size by Type (2025-2030)
7.2.3 Europe Medical Device Validation and Verification Market Share by Type (2019-2030)
7.3 Europe Medical Device Validation and Verification Market Size by Application
7.3.1 Europe Medical Device Validation and Verification Market Size by Application (2019-2024)
7.3.2 Europe Medical Device Validation and Verification Market Size by Application (2025-2030)
7.3.3 Europe Medical Device Validation and Verification Market Share by Application (2019-2030)
7.4 Europe Medical Device Validation and Verification Market Size by Country
7.4.1 Europe Medical Device Validation and Verification Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Medical Device Validation and Verification Market Size by Country (2019-2024)
7.4.3 Europe Medical Device Validation and Verification Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Medical Device Validation and Verification Market Size (2019-2030)
8.2 China Medical Device Validation and Verification Market Size by Type
8.2.1 China Medical Device Validation and Verification Market Size by Type (2019-2024)
8.2.2 China Medical Device Validation and Verification Market Size by Type (2025-2030)
8.2.3 China Medical Device Validation and Verification Market Share by Type (2019-2030)
8.3 China Medical Device Validation and Verification Market Size by Application
8.3.1 China Medical Device Validation and Verification Market Size by Application (2019-2024)
8.3.2 China Medical Device Validation and Verification Market Size by Application (2025-2030)
8.3.3 China Medical Device Validation and Verification Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Medical Device Validation and Verification Market Size (2019-2030)
9.2 Asia Medical Device Validation and Verification Market Size by Type
9.2.1 Asia Medical Device Validation and Verification Market Size by Type (2019-2024)
9.2.2 Asia Medical Device Validation and Verification Market Size by Type (2025-2030)
9.2.3 Asia Medical Device Validation and Verification Market Share by Type (2019-2030)
9.3 Asia Medical Device Validation and Verification Market Size by Application
9.3.1 Asia Medical Device Validation and Verification Market Size by Application (2019-2024)
9.3.2 Asia Medical Device Validation and Verification Market Size by Application (2025-2030)
9.3.3 Asia Medical Device Validation and Verification Market Share by Application (2019-2030)
9.4 Asia Medical Device Validation and Verification Market Size by Region
9.4.1 Asia Medical Device Validation and Verification Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Medical Device Validation and Verification Market Size by Region (2019-2024)
9.4.3 Asia Medical Device Validation and Verification Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Type
10.2.1 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Application
10.3.1 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Country
10.4.1 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Medical Device Validation and Verification Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 SGS SA
11.1.1 SGS SA Company Details
11.1.2 SGS SA Business Overview
11.1.3 SGS SA Medical Device Validation and Verification Introduction
11.1.4 SGS SA Revenue in Medical Device Validation and Verification Business (2019-2024)
11.1.5 SGS SA Recent Developments
11.2 QuEST
11.2.1 QuEST Company Details
11.2.2 QuEST Business Overview
11.2.3 QuEST Medical Device Validation and Verification Introduction
11.2.4 QuEST Revenue in Medical Device Validation and Verification Business (2019-2024)
11.2.5 QuEST Recent Developments
11.3 Global Services Pte. Ltd
11.3.1 Global Services Pte. Ltd Company Details
11.3.2 Global Services Pte. Ltd Business Overview
11.3.3 Global Services Pte. Ltd Medical Device Validation and Verification Introduction
11.3.4 Global Services Pte. Ltd Revenue in Medical Device Validation and Verification Business (2019-2024)
11.3.5 Global Services Pte. Ltd Recent Developments
11.4 Intertek
11.4.1 Intertek Company Details
11.4.2 Intertek Business Overview
11.4.3 Intertek Medical Device Validation and Verification Introduction
11.4.4 Intertek Revenue in Medical Device Validation and Verification Business (2019-2024)
11.4.5 Intertek Recent Developments
11.5 Element Materials Technology
11.5.1 Element Materials Technology Company Details
11.5.2 Element Materials Technology Business Overview
11.5.3 Element Materials Technology Medical Device Validation and Verification Introduction
11.5.4 Element Materials Technology Revenue in Medical Device Validation and Verification Business (2019-2024)
11.5.5 Element Materials Technology Recent Developments
11.6 TÃœV SÃœD AG
11.6.1 TÃœV SÃœD AG Company Details
11.6.2 TÃœV SÃœD AG Business Overview
11.6.3 TÃœV SÃœD AG Medical Device Validation and Verification Introduction
11.6.4 TÃœV SÃœD AG Revenue in Medical Device Validation and Verification Business (2019-2024)
11.6.5 TÃœV SÃœD AG Recent Developments
11.7 NAMSA
11.7.1 NAMSA Company Details
11.7.2 NAMSA Business Overview
11.7.3 NAMSA Medical Device Validation and Verification Introduction
11.7.4 NAMSA Revenue in Medical Device Validation and Verification Business (2019-2024)
11.7.5 NAMSA Recent Developments
11.8 Eurofins Scientific SE
11.8.1 Eurofins Scientific SE Company Details
11.8.2 Eurofins Scientific SE Business Overview
11.8.3 Eurofins Scientific SE Medical Device Validation and Verification Introduction
11.8.4 Eurofins Scientific SE Revenue in Medical Device Validation and Verification Business (2019-2024)
11.8.5 Eurofins Scientific SE Recent Developments
11.9 Charles River
11.9.1 Charles River Company Details
11.9.2 Charles River Business Overview
11.9.3 Charles River Medical Device Validation and Verification Introduction
11.9.4 Charles River Revenue in Medical Device Validation and Verification Business (2019-2024)
11.9.5 Charles River Recent Developments
11.10 Sterling Medical Devices
11.10.1 Sterling Medical Devices Company Details
11.10.2 Sterling Medical Devices Business Overview
11.10.3 Sterling Medical Devices Medical Device Validation and Verification Introduction
11.10.4 Sterling Medical Devices Revenue in Medical Device Validation and Verification Business (2019-2024)
11.10.5 Sterling Medical Devices Recent Developments
11.11 Pacific Biolabs
11.11.1 Pacific Biolabs Company Details
11.11.2 Pacific Biolabs Business Overview
11.11.3 Pacific Biolabs Medical Device Validation and Verification Introduction
11.11.4 Pacific Biolabs Revenue in Medical Device Validation and Verification Business (2019-2024)
11.11.5 Pacific Biolabs Recent Developments
11.12 Toxikon Corporation
11.12.1 Toxikon Corporation Company Details
11.12.2 Toxikon Corporation Business Overview
11.12.3 Toxikon Corporation Medical Device Validation and Verification Introduction
11.12.4 Toxikon Corporation Revenue in Medical Device Validation and Verification Business (2019-2024)
11.12.5 Toxikon Corporation Recent Developments
11.13 Steris Laboratories
11.13.1 Steris Laboratories Company Details
11.13.2 Steris Laboratories Business Overview
11.13.3 Steris Laboratories Medical Device Validation and Verification Introduction
11.13.4 Steris Laboratories Revenue in Medical Device Validation and Verification Business (2019-2024)
11.13.5 Steris Laboratories Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
SGS SA
QuEST
Global Services Pte. Ltd
Intertek
Element Materials Technology
TÃœV SÃœD AG
NAMSA
Eurofins Scientific SE
Charles River
Sterling Medical Devices
Pacific Biolabs
Toxikon Corporation
Steris Laboratories
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*If Applicable.
