- Medical device testing is a crucial part of the product development cycle, ensuring that medical devices meet regulatory standards, are safe for patient use, and perform as intended across various healthcare applications, including diagnostics, monitoring, and therapeutic devices
- The demand for medical device testing is primarily driven by the increasing number of medical device innovations, stringent regulatory requirements, and growing concerns regarding patient safety
- North America dominates the global medical device testing market, accounting for a significant share in 2024, estimated at approximately 40.2%. This dominance is attributed to the presence of major medical device manufacturers, well-established regulatory frameworks
- The Asia-Pacific (APAC) region is the fastest-growing in the global medical device testing market. The growth is attributed to rapidly expanding healthcare infrastructure, rising healthcare spending, and an increasing demand for advanced medical technologies in countries like China, India, and Japan
- The in-vitro diagnostics (IVD) testing segment is projected to dominate the global medical device testing market, holding approximately 33% of the total market share. This dominance is driven by the increasing demand for accurate diagnostic tools, especially in response to the growing burden of chronic diseases
