Global Medical Device Analytical Testing Outsourcing Market Growth Analysis by Capacity, Production, Revenue (Value) and Gross Margin 2021-2025
Industry Trends
Implantable Medical Devices
(IMDs) are increasingly being used to improve health outcomes for patients. IMD
designers have to balance complexity, reliability, electricity consumption and
costs. Consequently, companies shift their focus to innovation rather than
non-core activities and thus outsource these activities in order to launch
effective devices.
Material characterization
dominated the market in 2015 and is likely to grow at a lucrative rate during
the forecast period. Other tests that are inclusive of cleaning, reprocessing,
method development & validation, accelerated stability testing, biocompatibility,
validation testing for packaging materials (container closure permeation), and
transport stability are also anticipated to witness rewarding growth. North
America is likely to witness lucrative growth which is attributed to the fact
that it is one of the top manufacturing hubs of highly reliable, complex, and
high-end medical devices.
The regulatory authorities also
perform routine post-market surveillance by levying a fee from the
manufacturer. Receipt of any complaints about the drawbacks of the product
entails its withdrawal from the market, thereby proving the stringent nature of
these procedures.
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Emergence of personalized medicine, drug device
combination, artificial intelligence, wearables and increased focus on
real-time patient monitoring resulted in complex medical devices ecosystem.
Real-time patient monitoring, remote patient monitoring, and continuous patient
monitoring are the focal areas of interest when it comes to chronic disease
management, such as diabetes and cardiovascular diseases.
Some of the key players operating in this space are:
SGS SA; Toxikon, Inc.; Eurofins Scientific; Pace Analytical Services, LLC;
Intertek Group plc; WuXi AppTec.; NORTH AMERICAN SCIENCE ASSOCIATES INC.;
Envigo; Charles River Laboratories International Inc.; and Medical Device
Testing Services
Global Medical Device Analytical Testing Outsourcing in
Healthcare Market Revenue &Forecast,
(US$ Million), 2015 – 2027
In this
complex ecosystem, equipment must deliver accurate results, have durability and
be easy to operate. In order to match those parameters, devices must now
undergo shear testing under accelerated conditions to obtain marketing approval
and have a competitive advantage. Having these tests in-house is a matter of
time, labor and cost; outsourcing these tests helps to overcome these
constraints.
SGS SA;
Toxikon, Inc.; Eurofins Scientific; Pace Analytical Services, LLC; Intertek
Group plc; WuXi AppTec.; NORTH AMERICAN SCIENCE ASSOCIATES INC.; Envigo;
Charles River Laboratories International Inc.; and Medical Device Testing
Services are the key players in this market.
Service
portfolio expansion along with regional penetration is anticipated to
positively affect the market players. For Instance, in December 2016, company
acquired Exova’s environment testing laboratories in Eastern Canada. This
initiative is expected to help the company enhance geographical footprints in
North America.
Global
Medical Device Analytical Testing Outsourcing in Healthcare Market:
By
Services: Extractable and leachable, Material characterization, Physical
testing, Bioburden testing, Sterility testing
By
Geography:
North
America: (U.S, Canada, Mexico, Rest of North America)Europe: (France, The UK,
Spain, Germany, Italy)
Nordic
Countries: (Denmark, Finland, Iceland, Sweden, Norway)
Benelux
Union: (Belgium, The Netherlands, Luxembourg, Rest of Europe)
Asia
Pacific:(China, Japan, India, New Zealand, Australia, South Korea)
Southeast
Asia: (Indonesia, Thailand, Singapore)
Rest of
Southeast Asia
Middle
East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East
and Africa)
Latin
America: (Brazil, Argentina, Rest of Latina America)
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