Medical Device Validation & Verification Market Expected To Witness A Substantial Growth Of $1.1 Billion By 2027: Grand View Research Inc.
The global medical device validation and verification market size is expected to reach USD 1.1 billion by 2027 , expanding at a CAGR of 11.1% over the forecast period, according to a new report by Grand View Research, Inc. With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor. Increase in demand for advanced and quality medical products and rising complexity with respect to product designi