Canada Medical Device Testing And Certification Market Size & Outlook, 2025-2031
Canada Medical Device Testing And Certification Market Size
According to Straits Research analysis, the Canada Medical Device Testing and Certification Market was valued at USD 340.93 Million in 2024 and is projected to reach USD 480.56 Million by 2031, expanding at a CAGR of 5% during the forecast period. This growth is being driven by extensive applications in industries like healthcare, energy, and agriculture, where exhaustive testing of medical instruments is essential. There's a significant demand for certification compliance, to confirm that these devices meet industry-specific standards. Emerging opportunities in this sector include the advent of digital technology advancements for more precise testing methodologies. Additionally, the market displays potential for sustainable, low-carbon production practices. Canada continues to strengthen its market stance with these developments, aspiring to create safer and more efficient medical devices for both national and international markets.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Medical Device Testing And Certification Market Highlights
- By 2024, Testing Services represented the largest share of the Service Type market size.
- Certification Services is expected to remain the key growth driver within Service Type, registering the fastest CAGR during the forecast period.
- Canada contributed 3.39% to the global medical device testing and certification market size in 2024.
- By 2031, United States is forecasted to remain the largest global market for medical device testing and certification market.
- In North America, United States is projected to capture the leading share of market by 2031.
- Among North America markets, Canada is expected to post the fastest growth, reaching USD 735.73 Million by 2031.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2031 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2031 |
| Market Size In 2024 | USD 340.93 Million |
| Market Size In 2031 | USD 480.56 Million |
| Largest segment | Testing Services |
| Fastest segment | Certification Services |
| Units | Revenue in USD Million |
| CAGR | 5% (2025-2031) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Canada Medical Device Testing And Certification Market Share By Service Type
Segmentation Covered
| Segments | Sub Segments |
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| Service Type |
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| Sourcing Type |
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| Device Class |
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| Technology |
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Canada Medical Device Testing And Certification Market By Service Type 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Medical Device Testing And Certification Market By Sourcing Type 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Medical Device Testing And Certification Market By Device Class 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Medical Device Testing And Certification Market By Technology 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
