About Medical Device Tester
Testing of the medical devices is a dangerous step on the way to transforming an innovative design into a reliable and marketable product. The increasing complexity of product design in connection with strict regulatory standards is expected to drive the market. All of the medical devices have a unique test requirement that is enforced by the various regulatory agencies such as the U.S. Food and Drug Administration and the China Food and Drug Administration. The advent of personalized medicine, drug-device combination, artificial intelligence (AI), and wearables, combined with an increasing focus on patient monitoring in real-time, has also resulted in a complex ecosystem for all the medical devices. To meet these parameters, devices must now undergo rigorous testing under accelerated conditions so as to obtain marketing approval. The advancing technological development in the medical device industry should also have a positive impact on the demand for medical device testers in the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Device Tester market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bedfont Scientific Limited (United Kingdom), METRAWATT International (Germany), Bender GmbH & Co. KG (Germany), Astronics Corporation (United States), AMETEK, Inc. (United States), Datrend Systems (Canada), Fortive (United States) and ForTest (Italy) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Medical Device Tester market by Type (Electrical Safety Tester, Leak Tester, Air Quality Analyser and Others), Application (Hospitals, Clinics, Ambulatory Surgical Center and Others) and Region.
On the basis of geography, the market of Medical Device Tester has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Testing Type, the sub-segment i.e. Biocompatibility Tests will boost the Medical Device Tester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Medical Device Tester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Type, the sub-segment i.e. Class I will boost the Medical Device Tester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Novel Medical Device Manufacturing and Robust Increase in the Distribution Channels
Market Growth Drivers:
Increased Demand for Medical Devices, Increased Number of Hospitals and Clinics and Growing Healthcare Infrastructure in Emerging Economies
Challenges:
Stringent Government Rules and Regulations
Restraints:
Fluctuations in the Material Prices may Hamper the Final Price of the Medical Device Tester
Opportunities:
Growth in the Healthcare Sector Worldwide, Increased Research and Development Activities and Increasing Government Funding for Health Care Sector
Market Leaders and their expansionary development strategies
In December 2022, Millstone Medical Outsourcing, the industry's leading partner of choice for medical manufacturers' post-manufacturing and aftermarket services, has completed acquisition of Ethide Labs.
In December 2023, Impelsys, a leading global technology company, has launched of an advanced medical device testing lab in Mangalore. As a provider of cutting-edge technologies to the healthcare industry, this testing facility adds to its wide array of solutions and services, which include data and analytics, artificial intelligence (AI)-powered platforms and solutions, cloud services, and learning solutions.
Key Target Audience
Providers of Medical Device Tester, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.