Dublin, Oct. 12, 2022 (GLOBE NEWSWIRE) -- The "Healthcare Testing, Inspection, and Certification Outsourcing Market Size, Share & Trends Analysis Report by Services (Testing, Inspection, Certification), by Type, by Region (APAC, North America) and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global healthcare testing, inspection, and certification outsourcing market is expected to reach USD 7.7 billion by 2030, expanding at a CAGR of 8.8%, according to this report. The main drivers of this market are that it helps in improving safety standards of medical devices and pharmaceuticals, there is the rise in strict regulations imposed by the government to make sure that the product is safe, and the increasing use of advanced technology for TIC services.
As healthcare TIC service providers are capitalizing on the promise of new technologies to revolutionize the industry, frequently by forming partnerships with specialized providers, capital investment is expected to rise even more. Market expansion is being aided by the growth of the middle class in emerging nations, a rise in the need for safety, and rising infrastructure spending. For instance, in December 2021, SGS SA acquired Quay Pharma, a pharma R&D organization, to expand its capability in biopharmaceutical analytical testing.
Healthcare Testing, Inspection, And Certification Outsourcing Market Report Highlights
- The services segment is segmented into testing, inspection, and certification services. And the testing services accounted for the largest market share of 52.3% in 2021
- The medical device is anticipated to expand at the fastest CAGR of 9.0% during the forecast period. This is due to medical device companies focusing on their core competencies and getting TIC facilities outsourced
- Europe dominated the global market with the largest revenue share of 44.5% in 2021, owing to the presence of a large number of players
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Healthcare Testing, Inspection & Certification Outsourcing Market Variables, Trends & Scope
Chapter 4. Healthcare Testing, Inspection & Certification Outsourcing Market: Services Estimates & Trend Analysis
Chapter 5. Healthcare Testing, Inspection & Certification Outsourcing Market: Type Estimates & Trend Analysis
Chapter 6. Healthcare Testing, Inspection & Certification Outsourcing Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- SGS SA
- Intertek Group Plc
- Eurofins Scientific
- DEKRA CERTIFICATION B.V
- UL LLC
- Nemko
- TUV SUD
- Elements Materials Technology
- CSA Group Testing and Certification Inc.
- ALS
- Applus+
For more information about this report visit https://www.researchandmarkets.com/r/pn41l4
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