DUBLIN, October 26, 2022 /PRNewswire/ — The Healthcare Testing, Inspection, and Certification Outsourcing Market Size, Share, and Trend Analysis Report by Service (Testing, Inspection, Certification), By Type, By Region (APAC, North America) and segment forecasts, 2022-2030” Report has been added ResearchAndMarkets.com Offer.
Global Healthcare Testing, Inspection and Certification Outsourcing Market is expected to be reached $7.7 billion at a CAGR of 8.8% through 2030, according to this report. The main drivers of this market are that it helps to improve the safety standards of medical devices and drugs, the increase in strict regulations from the government to ensure the product is safe and the increasing use of advanced technologies for TIC services.
As healthcare TIC service providers capitalize on the promise of new technologies to revolutionize the industry, often by forming partnerships with specialist providers, capital investment is expected to increase even further. The market expansion is supported by the growth of the middle class in emerging markets, an increasing need for security and increasing infrastructure spending. For example in December 2021SGS SA acquired Quay Pharma, a pharmaceutical research and development organization, to expand its biopharmaceutical analytical testing capabilities.
Highlights of the Healthcare Testing, Inspection, and Certification Outsourcing market report
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The service segment is divided into testing, inspection and certification services. And testing services accounted for the largest market share in 2021 at 52.3%
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The medical device is expected to expand at the fastest CAGR of 9.0% over the forecast period. This is due to medical device companies focusing on their core competencies and outsourcing TIC facilities
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Europe dominated the global market with the largest revenue share of 44.5% in 2021 due to the presence of a large number of players
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Summary
Chapter 3. Healthcare Testing, Inspection, and Certification Outsourcing Market Variables, Trends and Scope
Chapter 4. Healthcare Testing, Inspection, and Certification Outsourcing Market: Service Estimates and Trend Analysis
Chapter 5. Healthcare Testing, Inspection, and Certification Outsourcing Market: Type Estimates and Trend Analysis
Chapter 6. Healthcare Testing, Inspection, and Certification Outsourcing Market: Regional Estimates and Trend Analysis
Chapter 7. Competitive Landscape
companies mentioned
For more information about this report, see https://www.researchandmarkets.com/r/735u59
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SOURCE Research and Markets
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