Global Medical Device Testing Market Expects Significant Growth to Reach USD 25 Billion by 2035

Tuesday, 12 March 2024, 09:30

The global medical device testing market is set to expand substantially at a CAGR of over 5% from 2023 to 2035, with projected revenue expected to reach USD 25 billion by 2035, compared to around USD 9 billion in 2022. Key players in the market such as SGS S.A. and TUV Rheinland Group are driving this growth through innovation and service excellence. The growth in the medical device testing industry is indicative of the rising demand for quality assurance and compliance with regulatory standards within the healthcare sector, influencing market players to invest in advanced testing technologies and services.
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Global Medical Device Testing Market Expects Significant Growth to Reach USD 25 Billion by 2035

Global Medical Device Testing Market Overview

The global medical device testing market is poised for significant growth, with a projected revenue of USD 25 billion by 2035, reflecting a notable increase from USD 9 billion in 2022.

Key Market Players

  • SGS S.A.
  • TUV Rheinland Group
  • Eurofins Scientific
  • Cordant Health Solutions
  • Legacy Medical Services, LLC
  • Omega Laboratories, Inc.
  • GE Healthcare

Market Growth

The market is expected to grow at a CAGR of over 5% from 2023 to 2035.

Companies in the industry are focusing on innovation and compliance to drive growth and capitalize on the expanding demand for quality assurance in healthcare.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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