Global Medical Device Validation and Verification Market Insights, Forecast to 2028

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 size is projected to reach US$ 1021.7 million by 2028, from US$ 571.9 million in 2021, at a CAGR of 8.5% during 2022-2028.
Fully considering the economic change by this health crisis, Mechanical testing accounting for % of the Medical Device Validation and Verification global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Cardiovascular segment is altered to an % CAGR throughout this forecast period.
China Medical Device Validation and Verification market size is valued at US$ million in 2021, while the North America and Europe Medical Device Validation and Verification are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Medical Device Validation and Verification landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Medical Device Validation and Verification market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Medical Device Validation and Verification market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Medical Device Validation and Verification market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Medical Device Validation and Verification market.
Global Medical Device Validation and Verification Scope and Market Size
Medical Device Validation and Verification market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Medical Device Validation and Verification market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Mechanical testing
Biological
EMC/ECI
Electrical safety testing
Segment by Application
Cardiovascular
Dermatology
Orthopedics
Nephrology
Respiratory
Neurology
Oncology
ENT
Others
By Company
SGS SA
QuEST
Global Services Pte. Ltd
Intertek
Element Materials Technology
TÜV SÜD AG
NAMSA
Eurofins Scientific SE
Charles River
Sterling Medical Devices
Pacific Biolabs
Toxikon Corporation
Steris Laboratories
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA