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Medical Device Validation & Verification Market Size, Share & Trends Analysis Report By Therapeutic Area (Cardiovascular, Dermatology), By Application, By Technology, By Region, And Segment Forecasts, 2020 - 2027

Published: Mar, 2020 | Pages: 136 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global medical device validation and verification market size is expected to reach USD 1.1 billion by 2027, expanding at a CAGR of 11.1% over the forecast period, according to a new report by Grand View Research, Inc.

Increase in demand for advanced and quality medical products and rising complexity with respect to product designing and engineering are anticipated to boost market growth. Rapid innovations in healthcare have increased the need for companies to incorporate new technologies and software applications in their products to meet the demand for validation and verification. Increase in product complexity, availability of newer types of material, and high risk of product failures are some of the key factors increasing the need for validation and verification services.

North America dominated the global medical device validation and verification market, accounting for 44.88% share of the overall revenue in 2019. Rapid growth in manufacturing of medical devices to meet high demand for efficient healthcare services, including validation and verification, is one of the major factors contributing to the regional market growth. In addition, stringent regulatory environment in U.S. is fueling market growth in the region.

Asia Pacific is anticipated to expand at a CAGR of 12.1% during the forecast period. This can be attributed to increased opportunities for players, especially in Japan, China, and India, improved regulatory framework, and increase in the number of medical devices companies.

Further key findings from the study suggest:

• Based on therapeutic area, oncology held the largest market share in 2019 and is expected to witness lucrative growth during the forecast period due to increasing prevalence of cancer worldwide

• On the basis of application, the diagnostic segment held the largest share of 44.16% in 2019 due to increasing demand for diagnostic technology in healthcare to identify the cause of disease

• The therapeutic application segment is projected to register the fastest growth during the forecast period due to rising prevalence of chronic diseases

• North America dominated the medical device validation and verification market and accounted for a share of 44.88% in 2019. This is attributed to rapid growth in manufacturing of medical devices to meet high demand for efficient healthcare services, including validation and verification

• Asia Pacific is anticipated to expand at a CAGR of 12.1% during the forecast period. This can be attributed to increased opportunities for players, especially in Japan, China, and India, and improved regulatory framework.
 List of Tables

Table 1 List of Secondary Sources
Table 2 List of Abbreviations
Table 3 Global Medical Device Validation and Verification Market, By Region 2015 - 2027 (USD Million)
Table 4 Global Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 5 Global Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 6 Global Medical Device Validation and Verification Market, By Technology , 2015 - 2027 (USD Million)
Table 7 North America Medical Device Validation and Verification Market, By Country, 2015 - 2027 (USD Million)
Table 8 North America Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 9 North America Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 10 North America Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 11 U.S. Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 12 U.S. Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 13 U.S. Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)c
Table 14 Canada Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 15 Canada Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 16 Canada Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 17 Europe Medical Device Validation and Verification Market, By Country, 2015 - 2027 (USD Million)
Table 18 Europe Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 19 Europe Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 20 Europe Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 21 U.K. Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 22 U.K. Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 23 U.K. Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 24 Germany Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 25 Germany Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 26 Germany Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 27 France Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 28 France Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 29 France Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 30 Italy Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 31 Italy Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 32 Italy Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 33 Spain Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 34 Spain Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 35 Spain Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 36 Asia Pacific Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 37 Asia Pacific Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 38 Asia Pacific Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 39 China Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 40 China Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 41 China Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 42 Japan Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 43 Japan Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 44 Japan Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 45 India Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 46 India Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 47 India Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 48 Australia Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 49 Australia Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 50 Australia Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 51 South Korea Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 52 South Korea Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 53 South Korea Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 54 Latin America Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 55 Latin America Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 56 Latin America Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 57 Brazil Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 58 Brazil Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 59 Brazil Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 60 Mexico Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 61 Mexico Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 62 Mexico Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 63 Argentina Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 64 Argentina Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 65 Argentina Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 66 Middle East & Africa Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 67 Middle East & Africa Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 68 Middle East & Africa Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 69 South Africa Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 70 South Africa Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 71 South Africa Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 72 Saudi Arabia Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 73 Saudi Arabia Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 74 Saudi Arabia Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 75 UAE Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 76 UAE Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 77 UAE Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
List of Tables

Table 1 List of Secondary Sources
Table 2 List of Abbreviations
Table 3 Global Medical Device Validation and Verification Market, By Region 2015 - 2027 (USD Million)
Table 4 Global Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 5 Global Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 6 Global Medical Device Validation and Verification Market, By Technology , 2015 - 2027 (USD Million)
Table 7 North America Medical Device Validation and Verification Market, By Country, 2015 - 2027 (USD Million)
Table 8 North America Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 9 North America Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 10 North America Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 11 U.S. Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 12 U.S. Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 13 U.S. Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)c
Table 14 Canada Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 15 Canada Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 16 Canada Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 17 Europe Medical Device Validation and Verification Market, By Country, 2015 - 2027 (USD Million)
Table 18 Europe Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 19 Europe Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 20 Europe Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 21 U.K. Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 22 U.K. Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 23 U.K. Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 24 Germany Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 25 Germany Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 26 Germany Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 27 France Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 28 France Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 29 France Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 30 Italy Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 31 Italy Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 32 Italy Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 33 Spain Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 34 Spain Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 35 Spain Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 36 Asia Pacific Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 37 Asia Pacific Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 38 Asia Pacific Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 39 China Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 40 China Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 41 China Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 42 Japan Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 43 Japan Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 44 Japan Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 45 India Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 46 India Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 47 India Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 48 Australia Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 49 Australia Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 50 Australia Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 51 South Korea Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 52 South Korea Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 53 South Korea Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 54 Latin America Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 55 Latin America Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 56 Latin America Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 57 Brazil Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 58 Brazil Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 59 Brazil Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 60 Mexico Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 61 Mexico Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 62 Mexico Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 63 Argentina Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 64 Argentina Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 65 Argentina Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 66 Middle East & Africa Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 67 Middle East & Africa Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 68 Middle East & Africa Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 69 South Africa Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 70 South Africa Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 71 South Africa Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 72 Saudi Arabia Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 73 Saudi Arabia Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 74 Saudi Arabia Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)
Table 75 UAE Medical Device Validation and Verification Market, By Therapeutic Area, 2015 - 2027 (USD Million)
Table 76 UAE Medical Device Validation and Verification Market, By Application, 2015 - 2027 (USD Million)
Table 77 UAE Medical Device Validation and Verification Market, By Technology, 2015 - 2027 (USD Million)


List of Figures

Fig. 1 Design controls in a product development process
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Commodity Flow Analysis
Fig. 10 Volume Price Analysis
Fig. 11 Medical device validation and verification market snapshot (2019)
Fig. 12 Medical device validation and verification market segmentation
Fig. 13 Market driver relevance analysis (Current & future impact)
Fig. 14 Market device recalls (2013 - 2017)
Fig. 15 Number of medical device recalls in the U.S. by quarter from Q3 2015 to Q4 2018 (in million units).
Fig. 16 Market restraint relevance analysis (Current & future impact)
Fig. 17 Penetration & growth prospect mapping
Fig. 18 Porter’s five forces analysis
Fig. 19 SWOT analysis, by factor (political & legal, economic and technological)
Fig. 20 Medical device validation and verification market therapeutic area outlook: Segment dashboard
Fig. 21 Medical device validation and verification market: Therapeutic area movement analysis
Fig. 22 Cardiovascular market, 2015 - 2027 (USD Million)
Fig. 23 Dermatology market, 2015 - 2027 (USD Million)
Fig. 24 Orthopedics market, 2015 - 2027 (USD Million)
Fig. 25 Nephrology market, 2015 - 2027 (USD Million)
Fig. 26 Respiratory market, 2015 - 2027 (USD Million)
Fig. 27 Neurology market, 2015 - 2027 (USD Million)
Fig. 28 Oncology market, 2015 - 2027 (USD Million)
Fig. 29 ENT market, 2015 - 2027 (USD Million)
Fig. 30 others market, 2015 - 2027 (USD Million)
Fig. 31 Medical device validation and verification market application outlook: Segment dashboard
Fig. 32 Medical device validation and verification market: Application movement analysis
Fig. 33 Diagnostics market, 2015 - 2027 (USD Million)
Fig. 34 Therapeutic market, 2015 - 2027 (USD Million)
Fig. 35 Implants market, 2015 - 2027 (USD Million)
Fig. 36 Active implantable medical device market, 2015 - 2027 (USD Million)
Fig. 37 Medical implants market, 2015 - 2027 (USD Million)
Fig. 38 Medical device validation and verification market technology outlook: Segment dashboard
Fig. 39 Medical device validation and verification market: Technology movement analysis
Fig. 40 Mechanical testing market, 2015 - 2027 (USD Million)
Fig. 41 Biological market, 2015 - 2027 (USD Million)
Fig. 42 EMC/ECI market, 2015 - 2027 (USD Million)
Fig. 43 Electrical safety testing market, 2015 - 2027 (USD Million)
Fig. 44 Regional market: Key takeaways
Fig. 45 Regional outlook, 2019 & 2027
Fig. 46 North America market, 2015 - 2027 (USD Million)
Fig. 47 U.S. market, 2015 - 2027 (USD Million)
Fig. 48 Canada market, 2015 - 2027 (USD Million)
Fig. 49 Europe market, 2015 - 2027 (USD Million)
Fig. 50 U.K. market, 2015 - 2027 (USD Million)
Fig. 51 Germany market, 2015 - 2027 (USD Million)
Fig. 52 France market, 2015 - 2027 (USD Million)
Fig. 53 Italy market, 2015 - 2027 (USD Million)
Fig. 54 Spain market, 2015 - 2027 (USD Million)
Fig. 55 Asia Pacific market, 2015 - 2027 (USD Million)
Fig. 56 Japan market, 2015 - 2027 (USD Million)
Fig. 57 China market, 2015 - 2027 (USD Million)
Fig. 58 India market, 2015 - 2027 (USD Million)
Fig. 59 Australia market, 2015 - 2027 (USD Million)
Fig. 60 South Korea market, 2015 - 2027 (USD Million)
Fig. 61 Latin America market, 2015 - 2027 (USD Million)
Fig. 62 Brazil market, 2015 - 2027 (USD Million)
Fig. 63 Mexico market, 2015 - 2027 (USD Million)
Fig. 64 Argentina market, 2015 - 2027 (USD Million)
Fig. 65 MEA market, 2015 - 2027 (USD Million)
Fig. 66 South Africa market, 2015 - 2027 (USD Million)
Fig. 67 Saudi Arabia market, 2015 - 2027 (USD Million)
Fig. 68 UAE market, 2015 - 2027 (USD Million) 



                                

                                                        

                                                                
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