Medical Device Testing Services Market Anticipated To Register A CAGR Of 11.5% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 20 August 2019: The Report Medical Device Testing Services Market Size, Share & Trends Analysis Report By Phase (Pre clinical, Clinical), By Service (Chemistry, Biocompatibility, Microbiology & Sterility Testing), By Region, And Segment Forecasts, 2018 – 2025 The global medical device testing services market size is expected to reach USD 13.4 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 11.5% during the forecast period. Increasing spending in preclinical phase of medical devices coupled with growing trend of outsourcing the services is expected to drive the market growth. Increasing demand for in-vitro tests is also expected to drive the market as many CROs are developing novel in-vitro methods to replace the traditional methods that require animal testing. Significant advancement in the development and standardization of such novel test methods, particularly for sensitization, c