The Global Medical Device Validation and Verification Market is anticipated to register CAGR of 11.65% during the forecast period and reach USD 1.64 billion by 2028. Medical device validation and verification are widely used for designing and producing the highest quality medical devices with minimum error and also help to reduce the production cost of medical devices.

Key Factors Impacting the Growth of Medical Device Validation and Verification Market:

• Increased demand for validation and verification process
• Regulatory landscape in Europe
• Complexity related to product designing and engineering
• Prevalence of chronic disease cases such as cancer
• Development of connected medical device

The medical device validation and verification market segmentation is based on therapeutic area, technology, application, and region.

Therapeutic Area Outlook:

Based on the therapeutic area, the global medical device validation and verification market is separated into primary cardiovascular, dermatology, orthopedics, nephrology, respiratory, neurology, oncology, ENT, and others. Oncology segment held the largest market chunk in 2019, with increasing prevalence of cancer worldwide.

Technology Outlook:

Based on the technology, the global medical device validation and verification market is divided into mechanical testing, biological, EMC/ECI, and electrical safety testing. Recent trend of outsourcing of therapeutic devices in recent years is expected to drive the demand for the mechanical testing segment during the forecast period.

Application Outlook:

Based on the application, the medical device validation and verification market has been segmented into diagnostics, therapeutic, and implants. The growth of healthcare industry and use of medical device validation and verification in healthcare to identify the cause or nature of a disease, such factors are leading the domestic segment to dominate the market during the forecast period.

Regional Outlook:

On the basis of the region, the global medical device validation and verification market have been segmented by North America, Europe, Asia Pacific, Middle East & Africa, South America. In 2019, North America is currently dominating the global medical device validation and verification market due to the ongoing technological advancements in medical device validation and verification and increasing complexity in product design and production methods. Europe held the second largest position in the global medical device validation and verification market owing to the presence of well-established healthcare infrastructure.

However, Asia-pacific region with a high population and increasing regulations focused on quality control while manufacturing medical devices, especially in countries like India and China is expected to register the highest growth rate in global medical device validation and verification market during the forecast period.

The report analyzes factors affecting the Medical device validation and verification market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s Model analysis on the Medical device validation and verification market for all six regions namely; North America, Europe, Asia Pacific, Middle East & Africa, South America.

Competitive Landscape:

Major companies are focusing on mergers, acquisitions, agreement, product launch, and partnerships. The main companies operating in the market includes Bureau Veritas, SGS, TUV SUD, Intertek, BSI, TUV Rheinland, Dekra, Eurofins Scientific, UL, ASTM, Pace Analytical Services, Toxikon, Wuxi Apptec, Source Bioscience, BDC Laboratories, NSF International, Charles River Laboratories, Surpass and among others.

This report also includes the profiles of key medical device validation and verification market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Medical Device Validation and Verification Market:

• In 2018, ICU Bureau Veritas acquired EMG Corporation provider of construction technical assessment and project management assistance, asset management assistance and transaction services with the aim to strengthen companies offering in the United States.

What Does This Report Provide?

This report provides a detailed understanding of the global medical device validation and verification market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

 Market Segmentation:

By Therapeutic Area:

• Cardiovascular
• Dermatology
• Orthopedics
• Nephrology
• Respiratory
• Neurology
• Oncology
• ENT
• Others

 By Technology:

• Mechanical testing
• Biological
• EMC/ECI
• Electrical safety testing

 By Applications:

• Diagnostics
• Therapeutic
• Implants
  • Active Implantable Medical Device
  • Medical Implants

By Region:

• North America Medical Device Validation and Verification Market
  • By Country (US, Canada, Mexico)
  • By Therapeutic Area
  • By Technology
  • By Application

• Europe Medical Device Validation and Verification Market
  • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
  • By Therapeutic Area
  • By Technology
  • By Applications

• Asia Pacific Medical Device Validation and Verification Market
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Therapeutic Area
  • By Technology
  • By Applications

• Middle East & Africa Medical Device Validation and Verification Market
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East & Africa)
  • By Therapeutic Area
  • By Technology
  • By Applications

• South America Medical Device Validation and Verification Market
  • By Country (Brazil, Argentina, Colombia, Rest of South America)
  • By Therapeutic Area
  • By Technology
  • By Applications

 Reasons to Buy This Report:

• Market size estimation of the medical device validation and verification market on a regional and global basis
• Unique research Usage for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

 Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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