India Medical Device Testing And Certification Market Size & Outlook, 2025-2031
India Medical Device Testing And Certification Market Size
According to Straits Research analysis, the India Medical Device Testing and Certification Market was valued at USD 597.12 Million in 2024 and is projected to reach USD 949.73 Million by 2031, expanding at a CAGR of 6.8% during the forecast period. Crucial drivers like the healthcare sector's rapid growth, stringent regulation standards, and an increased focus on high-quality medical devices bolster this expansion. Technological advancements, escalating usage of IoT and AI in medical devices, and improved testing infrastructure present significant growth avenues. Additionally, the rising demand for certified medical devices overseas unlocks potential export opportunities. With robust developments in medical device innovation and quality assurance, India is positioning itself as a leading player in the global Medical Device Testing and Certification market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Medical Device Testing And Certification Market Highlights
- In 2024, Testing Services accounted for the highest share of the Service Type market size.
- During the forecast period, Certification Services is set to register the highest growth, making it the most lucrative Service Type segment.
- As of 2024, India held 5.93% of the global medical device testing and certification market size.
- By 2031, United States is anticipated to capture the largest share of the global medical device testing and certification market.
- In Asia Pacific, China is expected to lead the regional medical device testing and certification market size by 2031.
- India will remain the fastest-growing market in Asia Pacific, reaching USD 2354.6 Million by 2031.
India Medical Device Testing And Certification Market Revenue Share 2024
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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 597.12 Million |
| Market Size In 2031 | USD 949.73 Million |
| Largest segment | Testing Services |
| Fastest segment | Certification Services |
| Units | Revenue in USD Million |
| CAGR | 6.8% (2025-2031) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
India Medical Device Testing And Certification Market Share By Service Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Service Type |
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| Sourcing Type |
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| Device Class |
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| Technology |
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India Medical Device Testing And Certification Market By Service Type 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Medical Device Testing And Certification Market By Sourcing Type 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Medical Device Testing And Certification Market By Device Class 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Medical Device Testing And Certification Market By Technology 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
