Roots Analysis has announced theaddition of “Human Factors Engineering and Usability Testing Services Market for Medical Devices, 2020-2030” report to its list ofofferings.
Given the growingregulatory stringency, there are a number of medical devices recalls reportedeach year. Moreover, as such solutions are gradually becoming increasinglycomplex, it is imperative to identify potential risks / hazards, in order toguarantee safety to end users post product launch. This has led many devicedevelopers 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 commonamong industry stakeholders.
To order this 200+ page report,which features 120+ figures and 100+ tables, please visit this - https://www.rootsanalysis.com/reports/human-factors-engineering-and-usability-testing-services.html
Key Market Insights
Around 105 companies / organizations claim to be engaged inoffering human factors engineering and usability testing services for medicaldevices
It is worth notingthat this market is currently dominated by the presence of small players (2 to50 employees), which represent more than 67% of the players. Further, morethan 50% of the firms engaged in providing human factors engineering andusability testing services were established post 2000.
Majority (57%) of theplayers engaged in this domain offer services for hospital / laboratoryequipment and instruments
Various companies(53%) engaged in this domain claim to offer human factors engineering and usabilitytesting services for diagnostic devices, followed by those providing support fordrug delivery devices (44%), home use medical devices (36%), clinical usedevices (26%) and therapeutic devices (25%).
More than 90% companies provide design and developmentservices for medical devices
Currently, over 80players provide services for prototype design and development, while almost 70firms offer services for interface development. In addition, 83% serviceproviders offer verification and validation services; of these 65% playersprovide services for both formative testing and summative testing.
Implementation of human factors engineering and usabilitytesting, at initial stages of device design and development, has beendemonstrated to enable significant cost savings
We believe that, by2030, an increase in adoption (up to 41%) of human factors engineering andusability 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 developersin achieving high return on investments, in the range between 5:1 to 9:1.
By 2030, the market is anticipated to be worth close to USD1 billion, growing at an annualized rate of 14.2%.
Based on the revenuesgenerated from different services for usability testing, currently, the maximumshare is expected to be generated through evaluative testing methodologies(61%), followed by generative testing methodologies (39%).
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Key QuestionsAnswered
§ Who are the leadingplayers providing human factors engineering and usability testing services tomedical device developers?
§ What is the costassociated with different steps of the human factors engineering and usabilitytesting process for medical devices?
§ What kind of costsavings can be achieved through the adoption of the human factors engineeringand usability testing approach for medical device development?
§ In the past, how hasthe adoption of human factors engineering and usability testing approachesimpacted medical device recall rates?
§ How do the guidelinesfor human factors engineering and usability testing for medical devices, differacross key global regions?
§ What are the prevalentand emerging trends within the human factors engineering and usability testingservice providers market?
§ How is the recentCOVID-19 pandemic likely to impact human factors engineering and usabilitytesting services market?
§ How is the currentand future opportunity likely to be distributed across key market segments?
The USD 1 Billion(by 2030) financial opportunity within the human factors engineering andusability testing service providers market has been analysed across thefollowing segments:
§ Type of tools used
§ Generative tools
§ Evaluative tools
§ Steps involved
§ Contextual analysis
§ Task analysis
§ Design analysis
§ Formative studies
§ Use risk analysis
§ Known use erroranalysis
§ Summative studies
§ Regulatory documentpreparation
§ Device class
§ Class I
§ Class II
§ Class III
§ Key geographicalregions
§ North America
§ Europe
§ Asia Pacific
The research covers profiles of key players (mentionedbelow) that offer human factors engineering and usability testing services formedical devices; each profile features an overview of the company, detailsrelated to its human factors engineering and usability testing portfolio, recentdevelopments and an informed future outlook.
§ Agilis
§ Human FactorsConsulting Services
§ Human Factors MD
§ User wise
§ Ximedica
§ Austrian Center forMedical Innovation and Technology (ACIMT)
§ Auxergo
§ THAY Medical
§ Ergotech
§ Jonathan Bar-OrIndustrial Design
For additional details, please visit
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
