Human Factors Engineering and Usability Testing Services Market for Medical Devices, 2020-2030

HURON, S.D. - Jan. 28, 2021 - PRLog -- Given the growing regulatory stringency, there are a number of medical devices recalls reported each year. Moreover, as such solutions are gradually becoming increasingly complex, it is imperative to identify potential risks / hazards, in order to guarantee safety to end users post product launch. This has led many device developers to resort to human factors engineering and usability testing. However, the aforementioned processes require specialized resources and expertise. Therefore, outsourcing this aspect of product design and development, has become common among industry stakeholders.

Key Market Insights

Around 105 companies / organizations claim to be engaged in offering human factors engineering and usability testing services for medical devices

It is worth noting that this market is currently dominated by the presence of small players (2 to 50 employees), which represent more than 67% of the players. Further, more than 50% of the firms engaged in providing human factors engineering and usability testing services were established post 2000.

Majority (57%) of the players engaged in this domain offer services for hospital / laboratory equipment and instruments

Various companies (53%) engaged in this domain claim to offer human factors engineering and usability testing services for diagnostic devices, followed by those providing support for drug delivery devices (44%), home use medical devices (36%), clinical use devices (26%) and therapeutic devices (25%).

More than 90% companies provide design and development services for medical devices

Currently, over 80 players provide services for prototype design and development, while almost 70 firms offer services for interface development. In addition, 83% service providers offer verification and validation services; of these 65% players provide services for both formative testing and summative testing.

Implementation of human factors engineering and usability testing, at initial stages of device design and development, has been demonstrated to enable significant cost savings

We believe that, by 2030, an increase in adoption (up to 41%) of human factors engineering and usability testing services for medical devices is likely to be observed, resulting in savings worth USD 1.4 billion.  Incorporation of such novel approaches is also anticipated to help developers in achieving high return on investments, in the range between 5:1 to 9:1.

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https://www.rootsanalysis.com/reports/human-factors-engineering-and-usability-testing-services.html or email sales@rootsanalysis.com

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Contact:

Gaurav Chaudhary

+1 (415) 800 3415

Gaurav.Chaudhary@rootsanalysis.com