Medical Device Testing Market

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Medical device testing market.

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. The global medical device testing market is expected to grow from usd 8 211 91 million in 2019 to usd 12 106 60 million by the end of 2025 at a compound annual growth rate cagr of 6 68. Global medical device testing market is valued approximately at usd 8 9 billion in 2019 and is anticipated to grow with a. Global medical device testing market size is defined through several fragments namely north america latin america europe asia pacific and rest of the world.

Data bridge market research analyses the market to account to usd 23 54 billion by 2027 growing at a cagr of 10 3 in the above mentioned forecast period. Medical devices marketed in the united states are subject to the regulatory controls in the federal food drug and cosmetic act fd c act and the regulations. Global medical device testing market to reach usd 12 4 billion by 2027. There is an increasing demand for tic services in medical devices owing to the rising.

Market analysis and insights. Global medical device testing market. 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. Medical device testing market is expected to gain market growth in the forecast period of 2020 to 2027.

Medical device market growth witnessed in the region is likely to be driven by the well developed healthcare infrastructure and faster adoption of new medical technologies.