Medical Device Testing Market to Continue Surge after PandemicOctober 19, 2020
The medical device and equipment market continues to expand at a seemingly exponential rate. According to Fortune Business Insights, the global medical device market is projected to grow 5.4% for several years, turning the industry into a $612.7 billion behemoth by 2025. The expansion is triggering faster growth in a key subsector—medical device testing. Growing at a 9.4% clip, the medical device testing market is expected to reach $14.6 billion by 2027 per a 2020 report from Grand View Research.
The accelerated growth for medical device testing makes sense. New regulatory requirements, more stringent compliance standards, and new developments in technology are all contributing to a more complex—and more costly—test market. Plus, continued advancements in wireless technology are making a broader range of medical devices more complex. As you know, more complex equipment often requires more complex testing.
Depending on your product, you might need EMI/EMC testing, pre-scanning, FDA co-existence testing, root failure analysis, chemical exposure testing, environmental testing, international approvals, and more. The testing market is now more complex than ever, but the stakes are higher than ever. With such high stakes, top-notch medical device and equipment testing can help you:
- Ensure Regulatory Compliance
- Predict Product Durability
- Ensure Electromagnetic Compatibility
- Avoid Product Recalls
- Avoid Product Delays
- Accelerate entry into Global Markets
The good news is that you have help. A lot of help. With 28 labs in North America, NTS is able to provide you with best-in-class medical device testing at a location near you. Contact us today—and learn how the right testing can help you get your medical device to market quickly, safely, and affordably.