Unveiling Opportunities | Early Disease Diagnosis Driving the Preclinical Medical Device Testing Services Market

The Global Preclinical Medical Device Testing Services Market Revenue is anticipated to be valued US$ 6.63 billion by 2032, increasing at a CAGR of 9% during the forecast period. The increasing product complexity and severe government requirements are driving the growth of the Preclinical Medical Device Testing Services market. From 2017 to 2021, the market for Preclinical Medical Device Testing Services increased at a 5.5% CAGR.

One of the key reasons driving the market is the increasing demand for technologically improved medical equipment. Due to the urgent need for medical devices, the COVID-19 pandemic generated an unusual rise in demand for medical device testing services in 2020, and this pattern was predicted to continue in 2021. As a result of the critical requirement for medical devices, many medical device makers around the world created new COVID-19 testing devices. The market will almost probably benefit from this.

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The integration of artificial intelligence and the Internet of Things is critical to the advancement of Preclinical Medical Device Testing Services. Furthermore, the rising cost of diagnosing and treating diseases at an early stage is opening up new potential for the development of Preclinical Medical Device Testing Services. Manufacturers are also exploring and analysing preclinical devices in order to solve difficulties with them at an early stage. As a result, the need for Preclinical Medical Device Testing Services is increasing.

On the contrary, incompatible sterilisation measures, combined with equipment sensitivity, are impeding market growth. Furthermore, preclinical medical device approvals varied by area. This, in turn, is impeding overall market growth.

Key Takeaways from the Preclinical Medical Device Testing Services Market Study:

• From 2022 to 2032, the global Preclinical Medical Device Testing Services market is estimated to triple.
• Microbiology and sterility tests are predicted to account for 35% of the market, with the United States leading the way by expanding at an 18% CAGR throughout the forecast period.
• In the assessment period 2022-2032, India is anticipated to have a CAGR of 13% for Preclinical Medical Device Testing Services.
• Switzerland is predicted to be a growing hub across Europe, with a 10% value CAGR until 2032.

“Increasing burden of diseases and strict governmental regulations for safety of patients is positively influencing the demand for Preclinical Medical Device Testing Services,” states a Analyst.

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Preclinical Medical Device Testing Services Market Competitive Landscape:

Key market players in the Preclinical Medical Device Testing Services are Eurofins Scientific, Nelson Labs, North American Science Associates, Inc, WUXI APPTEC, SGS SA, Labcorp, TÜV SÜD AG, Sterigenics International LLC, Pace Analytical Services LLC, Intertek Group Plc, Charles River Laboratories International, Inc. Some of the recent key developments among the players are:

• In February 2022, Eurofins acquired Genetic Testing Service JSC from Vietnam. Through this expansion, the company is planning to expand its presence in Asia and strengthen its global network of advanced genetic testing.
• In September 2021, Nelson Labs and Sterigenics have collaborated to open a state of art laboratory and expand sterilization facilities to meet growing customer demand in Europe.

Key Segments Covered in the Preclinical Medical Device Testing Services Market Report:

Preclinical Medical Device Testing Services by Service:

• Biocompatibility Tests
• Chemistry Test
• Microbiology & Sterility Testing
• Bioburden Determination
• Pyrogen & Endotoxin Testing
• Sterility Test and Validation
• Ethylene Oxide (EO) gas sterilization
• Gamma-irradiation
• E-beam Sterilization
• X-ray Sterilization
• Antimicrobial Activity Testing
• Others
• Package Validation

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