Posted 3/12/2024, 9:30:00 AM
Medical Device Testing Market Set to Surge to $25B by 2035 amid Safety Demands for Complex Devices
- Global medical device testing market projected to reach $25 billion by 2035, with a CAGR of over 5% from 2023-2035
- Demand driven by need for effectiveness, performance, and safety testing to meet regulatory requirements as devices become more complex
- Increasing elderly population and age-related health conditions requiring advanced devices also propelling growth
- Asia Pacific expected to see highest growth due to healthcare infrastructure expansion and increasing prevalence of chronic diseases
- Testing services segment to account for largest share, meeting demands for usability testing and patient experience assessments