The global Preclinical Medical Device Testing Services Market was worth US$ 2.8 billion in 2022 and is expected to be worth US$ 6.63 billion by 2032, growing at a CAGR of 9% during the forecast period.
Preclinical medical device testing services market growth can be attributed to increasing product complexity and stringent government regulations. The market for preclinical medical device testing services grew at a 5.5% CAGR from 2017 to 2021.
Artificial intelligence and the Internet of Things are collaborating to advance preclinical medical device testing services. Furthermore, the rising cost of diagnosing and treating illnesses at an early stage is opening up new potential for the development of preclinical medical device testing services. Manufacturers are also investigating and analyzing preclinical devices in order to fix difficulties with them at an early stage. As a result, the need for preclinical medical device testing services is increasing.
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On the contrary, incompatible sterilization methods, along with equipment sensitivity, are impeding the market growth. Furthermore, authorization for experimental medical devices varies by area. As a result, the total market expansion is hampered.
Key Takeaways from the Market Study
- The global preclinical medical device testing services market is expected to flourish 3x from 2022-2032
- Microbiology and sterility testing are expected to possess a market share of 35%
- U.S projected to lead the market by expanding at a CAGR of 18% during the forecast period.
- India expected to register a CAGR of 13% for preclinical medical device testing services in the assessment period 2022-2032
- Switzerland to be an emerging hub across Europe, expected to reflect a 10% value CAGR until 2032
“Increasing burden of diseases and strict governmental regulations for the safety of patients is positively influencing the demand for preclinical medical device testing services,” states an FMI analyst.
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Competitive Landscape
- SGS SA
- Eurofins Scientific
- Intertek Group Plc
- WUXI APPTEC
- TÜV SÜD AG
- Sterigenics International LLC
- Nelson Labs
- North American Science Associates Inc.
- Charles River Laboratories International Inc.
- Pace Analytical Services LLC
Some of the recent key developments among the players are:
- In February 2022, Eurofins acquired Genetic Testing Service JSC from Vietnam. Through this expansion, the company is planning to expand its presence in Asia and strengthen its global network of advanced genetic testing.
- In September 2021, Nelson Labs and Sterigenics have collaborated to open a state of art laboratory and expand sterilization facilities to meet growing customer demand in Europe.
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Key Segments Profiled in the Preclinical Medical Device Testing Services Industry Survey
Preclinical Medical Device Testing Services by Service:
- Biocompatibility Tests
- Chemistry Test
- Microbiology & Sterility Testing
- Bioburden Determination
- Pyrogen & Endotoxin Testing
- Sterility Test and Validation
- Ethylene Oxide (EO) gas sterilization
- Gamma-irradiation
- E-beam Sterilization
- X-ray Sterilization
- Antimicrobial Activity Testing
- Others
- Package Validation
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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