India Medical Device Analytical Testing Outsourcing Market Size & Outlook
India Medical Device Analytical Testing Outsourcing Market, 2018-2030 (US$M)
Global Market
Related Markets
India medical device analytical testing outsourcing market highlights
- The India medical device analytical testing outsourcing market generated a revenue of USD 280.6 million in 2024 and is expected to reach USD 478.2 million by 2030.
- The India market is expected to grow at a CAGR of 9.4% from 2025 to 2030.
- In terms of segment, other tests was the largest revenue generating services in 2024.
- Other tests is the most lucrative services segment registering the fastest growth during the forecast period.
Medical device analytical testing outsourcing market data book summary
| Market revenue in 2024 | USD 280.6 million |
| Market revenue in 2030 | USD 478.2 million |
| Growth rate | 9.4% (CAGR from 2025 to 2030) |
| Largest segment | Other tests |
| Fastest growing segment | Other tests |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extractable and leachable, Material characterization, Physical testing, Bioburden testing, Sterility testing, Other tests |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Eurofins Scientific SE, Intertek Group PLC, Wuxi AppTec Co Ltd, Inotiv Inc, Charles River Laboratories International Inc, Pace Analytical Services, NAMSA, Medical Device Testing Services |
Other key industry trends
- In terms of revenue, India accounted for 4.3% of the global medical device analytical testing outsourcing market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical device analytical testing outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 478.2 million by 2030.
Foreign medical devices companies commonly outsource their manufacturing services to India. Cheap labor, improved infrastructure, and presence of technical expertise are some of the major factors driving the market in India.
In addition, increase in government funding for R&D to fast-track new product development has made India one of the most preferred destinations for outsourcing manufacturing services. Hence, this is anticipated to create demand for medical device analytical testing services.
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Publish Date: Dec 11, 2024
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Medical Device Analytical Testing Outsourcing Market Scope
Medical Device Analytical Testing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Eurofins Scientific SE | View profile | 61,798 | 23 Val Fleuri, Luxembourg, Luxembourg, L-1526 | www.eurofins.com |
| Charles River Laboratories International Inc | View profile | 21,400 | 251 Ballardvale Street, Wilmington, MA, United States, 01887 | www.criver.com |
| Labcorp Holdings Inc | View profile | 67,000 | 358 South Main Street, Burlington, NC, United States, 27215 | www.labcorp.com |
| Wuxi AppTec Co Ltd | View profile | 41,116 | 288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, China, People's Republic of, 200131 | www.wuxiapptec.com |
| SGS AG | View profile | 103,193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | www.sgs.com |
| Inotiv Inc | View profile | 2,055 | 2701 Kent Avenue, West Lafayette, IN, United States, 47906 | www.inotivco.com |
| Intertek Group PLC | View profile | 44,000 | 33 Cavendish Square, London, United Kingdom, W1G 0PS | www.intertek.com |
| Pace Analytical Services | View profile | 11-50 | Woburn, Massachusetts, United States, North America | www.pacelifesciences.com |
| NAMSA | View profile | 1001-5000 | Northwood, Ohio, United States, North America | www.namsa.com/ |
| Medical Device Testing Services | View profile | 11-50 | Minnetonka, Minnesota, United States, North America | devicetesting.com |
India Medical Device Analytical Testing Outsourcing Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Medical Device Analytical Testing Outsourcing Market Outlook will help companies and investors design strategic landscapes.
Other Tests was the largest segment with a revenue share of 20.17% in 2024.
Horizon Databook has segmented the India medical device analytical testing outsourcing market based on extractable and leachable, material characterization, physical testing, bioburden testing, sterility testing, other tests covering the revenue growth of each sub-segment from 2018 to 2030.
Foreign medical devices companies commonly outsource their manufacturing services to India. Cheap labor, improved infrastructure, and presence of technical expertise are some of the major factors driving the market in India.
In addition, increase in government funding for R&D to fast-track new product development has made India one of the most preferred destinations for outsourcing manufacturing services. Hence, this is anticipated to create demand for medical device analytical testing services.
- India Medical Device Analytical Testing Outsourcing Market Services Outlook (Revenue, USD Million , 2018-2030)
- Extractable and leachable
- Material characterization
- Physical testing
- Bioburden testing
- Sterility testing
- Other tests
- India Medical Device Analytical Testing Outsourcing Market Therapeutic Areas Outlook (Revenue, USD Million , 2018-2030)
- Cardiology
- Diagnostic Imaging
- Orthopedic
- IVD
- Ophthalmic
- General & Plastic Surgery
- Drug Delivery
- Endoscopy
- Dental
- Diabetes Care
- Others
- India Medical Device Analytical Testing Outsourcing Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Others
- Hospital
- India Medical Device Analytical Testing Outsourcing Market Device Type Outlook (Revenue, USD Million , 2018-2030)
- Others
- Reprocessed Devices
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Horizon Databook provides a detailed overview of country-level data and insights on the India Medical Device Analytical Testing Outsourcing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Medical Device Analytical Testing Outsourcing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Medical Device Analytical Testing Outsourcing Market, 2018-2030 (US$M)
India medical device analytical testing outsourcing market statistics, by services, 2018-2030 (US$M)
