With 4.9% CAGR, Medical Device Testing Market Growth to Surpass USD 13.5 billion
The global medical device testing market is expected to be valued at USD 10.6 billion in 2023 and is projected to reach USD 13.5 billion by 2028; it is expected to grow at a CAGR of 4.9% from 2023 to 2028. The increasing accessibility to healthcare globally, especially in emerging markets, has led to a rising need for advanced medical equipment. The alignment of standards across diverse regions offers substantial growth prospects for the medical device testing market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254474064 The testing services segment dominates the medical device testing market, claiming the largest share, driven by several key growth factors. Testing services play a crucial role in ensuring that medical devices meet the required standards set by regulatory authorities, such as the FDA, to guarantee the safety and efficacy of these devices in the healthcare ecosystem. Rising focus on ensuring compliance with regulatory standards to