Medical Device Analytical Testing Outsourcing Market Analysis By Services (Extractable and leachable, Material characterization, Physical testing, Bioburden testing, Sterility testing), By Region, And Segment Forecasts, 2014 - 2025

Published: Jan, 2017 | Pages: 110 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global medical device analytical testing outsourcing market is expected to reach USD 8.3 billion by 2025, according to a new report by Grand View Research, Inc. A large number of medical device companies outsource analytical testing operations to minimize business risks, hasten product market entry, and reduce costs. These lead to significant rise in expenditure levels and, therefore, medical device original equipment manufacturers rapidly switch to outsourcing as one of the effective cost curbing tool.

Implantable Medical Devices (IMDs) are being used increasingly in order to improve patients' health outcome. Designers of IMDs have to balance complexity, reliability, power consumption, and costs. Consequently, companies are shifting their focus to innovation rather than noncore activities and, therefore, outsourcing these activities to launch efficient devices. All these factors are expected to increase the medical device outsourcing market over the forecast period.

In this complex ecosystem, it is necessary for equipment to provide accurate results, to have durability, and easy operation. To match these parameters, devices now have to undergo shear testing in accelerated conditions to obtain marketing approval and have competitive advantage. Conducting these in-house is matter of time, labor, and cost; outsourcing these tests helps overcome these limitations.

Further Key Findings From the Study Suggest:

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.

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

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Medical Device Analytical Testing Outsourcing Market Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Market Driver Analysis
3.3. Penetration & Growth Prospect Mapping
3.4. SWOT Analysis, By Factor
3.4.1. Political
3.4.2. Economic
3.4.3. Technological
3.5. Industry Analysis - Porter's
Chapter 4. Medical Device Analytical Testing Outsourcing: Services Estimates & Trend Analysis
4.1. Medical Device Analytical Testing Services Outsourcing Market Share, 2015 & 2025
4.2. Market Size, Estimates & Forecasts and Trend Analyses, 2014 to 2025 for the following services:
4.2.1. Extractable & Leachable
4.2.2. Material Charecterization
4.2.3. Physical Testing
4.2.4. Bioburden Testing
4.2.5. Sterility Testing
4.2.6. Others
Chapter 5. Medical Device Analytical Testing Outsourcing: Regional Estimates & Trend Analysis
5.1. Medical Device Analytical Testing Services Outsourcing Movement Analysis & Market Share, 2015 & 2025
5.2. North America
5.2.1. U.S.
5.2.1.1. U.S. revenue estimates and forecasts by, services, 2014 - 2025 (USD Million)
5.2.2. Canada
5.2.2.1. Canada revenue estimates and forecasts by, services, 2014 - 2025 (USD Million)
5.3. Europe
5.3.1. UK
5.3.1.1. UK revenue estimates and forecasts by, services, 2014 - 2025 (USD Million)
5.3.2. Germany
5.3.2.1. Germany revenue estimates and forecasts by, services, 2014 - 2025 (USD Million)
5.4. Asia Pacific
5.4.1. Japan
5.4.1.1. Japan revenue estimates and forecasts by, services, 2014 - 2025 (USD Million)
5.4.2. China
5.4.2.1. China revenue estimates and forecasts by, services, 2014 - 2025 (USD Million)
5.5. Latin America
5.5.1. Brazil
5.5.1.1. Brazil revenue estimates and forecasts by, services, 2014 - 2025 (USD Million)
5.5.2. Mexico
5.5.2.1. Mexico revenue estimates and forecasts by, services, 2014 - 2025 (USD Million)
5.6. MEA
5.6.1. South Africa
5.6.1.1. South Africa revenue estimates and forecasts by, services, 2014 - 2025 (USD Million)
Chapter 6. Competitive Landscape
6.1. Strategy Framework
6.2. Company Profiles
6.2.1. SGS SA
6.2.1.1. Company Overview
6.2.1.2. Financial Performance
6.2.1.3. Geographic Foothold
6.2.1.4. Product Benchmarking
6.2.1.5. Strategic Initiatives
6.2.1.6. SWOT Analysis
6.2.2. Toxikon, Inc
6.2.2.1. Company Overview
6.2.2.2. Financial Performance
6.2.2.3. Geographic Foothold
6.2.2.4. Product Benchmarking
6.2.2.5. Strategic Initiatives
6.2.2.6. SWOT Analysis
6.2.3. Eurofins Scientific
6.2.3.1. Company Overview
6.2.3.2. Financial Performance
6.2.3.3. Geographic Foothold
6.2.3.4. Product Benchmarking
6.2.3.5. Strategic Initiatives
6.2.3.6. SWOT Analysis
6.2.4. Pace Analytical Services LLC.
6.2.4.1. Company Overview
6.2.4.2. Financial Performance
6.2.4.3. Geographic Foothold
6.2.4.4. Product Benchmarking
6.2.4.5. Strategic Initiatives
6.2.4.6. SWOT Analysis
6.2.5. Intertek Group plc
6.2.5.1. Company Overview
6.2.5.2. Financial Performance
6.2.5.3. Geographic Foothold
6.2.5.4. Product Benchmarking
6.2.5.5. Strategic Initiatives
6.2.5.6. SWOT Analysis
6.2.6. Wuxi AppTec
6.2.6.1. Company Overview
6.2.6.2. Financial Performance
6.2.6.3. Geographic Foothold
6.2.6.4. Product Benchmarking
6.2.6.5. Strategic Initiatives
6.2.6.6. SWOT Analysis
6.2.7. NORTH AMERICAN SCIENCE ASSOCIATES, INC.
6.2.7.1. Company Overview
6.2.7.2. Financial Performance
6.2.7.3. Geographic Foothold
6.2.7.4. Product Benchmarking
6.2.7.5. Strategic Initiatives
6.2.7.6. SWOT Analysis
6.2.8. Envigo
6.2.8.1. Company Overview
6.2.8.2. Financial Performance
6.2.8.3. Geographic Foothold
6.2.8.4. Product Benchmarking
6.2.8.5. Strategic Initiatives
6.2.8.6. SWOT Analysis
6.2.9. Charles River Laboratories International, Inc
6.2.9.1. Company Overview
6.2.9.2. Financial Performance
6.2.9.3. Geographic Foothold
6.2.9.4. Product Benchmarking
6.2.9.5. Strategic Initiatives
6.2.9.6. SWOT Analysis
6.2.10. Medical Device Testing Services
6.2.10.1. Company Overview
6.2.10.2. Financial Performance
6.2.10.3. Geographic Foothold
6.2.10.4. Product Benchmarking
6.2.10.5. Strategic Initiatives
6.2.10.6. SWOT Analysis

List of Tables

1. North America medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
2. U.S. medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
3. Canada medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
4. Europe medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
5. UK medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
6. Germany medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
7. Asia Pacific medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
8. Japan medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
9. China medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
10. Latin America medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
11. Brazil medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
12. Mexico medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
13. MEA medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)
14. South Africa medical device analytical testing services outsourcing market, by services, 2014 - 2025 (USD Million)