Skip to main content

Medical Device Validation & Verification Market Analysis Till, 2020

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.

Download Free Sample - https://www.radiantinsights.com/research/medical-device-validation-&-verification-market/request-sample

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.

Browse Full Reportw with TOC  - https://www.radiantinsights.com/research/medical-device-validation-&-verification-market

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

Comments

Post a Comment

Popular posts from this blog

Cardiovascular Information System Market Outlook Till, 2014 - 2025: Million Insights

The system is an integrated hemodynamic system which is data-driven patient informatics it is capable of storing all the information related to cardiovascular disease patient. For efficient recording and reporting patient information all the information is stored in CVIS. In addition, the business operations including business analytics and making bill which are conventionally managed by the separate computer system and can also be managed and stored by undertaking the system. Further, the product is also capable of providing dynamic reporting such as measurements, images, and informatics that are structured in a template design for reliable delivery and effectiveness of patient reports. With the implementation of CVIS cardiologists have observed a noteworthy reduction in report delivery time. CVIS market is studied with respect to three different segments such as application, delivery mode, and component. CVIS industry by application is further segmented into echocardiography lab solu...
Post a Comment
Read more

United States Kombucha Market Trends, Share & Scope, Product Estimates & Strategy Framework To 2019-2023: Radiant Insights, Inc

In this report, the United States Kombucha market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Download free sample @  https://www.radiantinsights.com/research/united-states-kombucha-industry-2017/request-sample Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales (volume), revenue (value), market share and growth rate of Kombucha in these regions, from 2012 to 2022 (forecast). United States Kombucha market competition by top manufacturers/players, with Kombucha sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including GT's Kombucha KeVita Brew Dr. Kombucha The Humm Kombucha Live Soda Kombucha Red Bull Kombucha Wonder Drink Townshend's Tea Celestial Seasonings Kosmic Kombuc...
Post a Comment
Read more

Global Real-time Rendering Solutions Market Analysis, Trends and Future Prospects, 2023

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Real-time Rendering Solutions Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download free PDF sample copy @  https://www.radiantinsights.com/research/global-real-time-rendering-solutions-market-research-report-2019-2023/request-sample In this report, the global Real-time Rendering Solutions market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023. The report firstly introduced the Real-time Rendering Solutions basics: definitions, classifications, applicatio...
Post a Comment
Read more