Human factors engineering and usability testing have nowbecome an essential part of product design across almost all industries,offering developers the chance to optimize proprietary products in alignment tothe preferences of consumers
London
Roots Analysis has announced theaddition of “Human Factors Engineering and Usability Testing Services Marketfor Medical Devices, 2020-2030” report to its list of offerings.
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 andexpertise. Therefore, outsourcing this aspect of product design anddevelopment, has become common among industry stakeholders.
Toorder 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 in offering human factors engineering andusability testing services for medical devices
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 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 andusability testing services for diagnostic devices, followed by those providingsupport 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 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 ofhuman factors engineering and usability testing, at initial stages of devicedesign and development, has been demonstrated to enable significant costsavings
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 marketis anticipated to be worth close to USD 1 billion, growing at an annualizedrate 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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KeyQuestions Answered
§ Who are the leading players providing human factorsengineering and usability testing services to medical device developers?
§ What is the cost associated with different steps of the humanfactors engineering and usability testing process for medical devices?
§ What kind of cost savings can be achieved through theadoption of the human factors engineering and usability testing approach formedical device development?
§ In the past, how has the adoption of human factorsengineering and usability testing approaches impacted medical device recallrates?
§ How do the guidelines for human factors engineering andusability testing for medical devices, differ across key global regions?
§ What are the prevalent and emerging trends within the humanfactors engineering and usability testing service providers market?
§ How is the recent COVID-19 pandemic likely to impact humanfactors engineering and usability testing services market?
§ How is the current and future opportunity likely to bedistributed across key market segments?
The USD 1 Billion (by 2030) financial opportunitywithin the human factors engineering and usability testing service providersmarket has been analysed across the following segments:
§ Typeof tools used
§ Generativetools
§ Evaluativetools
§ Stepsinvolved
§ Contextualanalysis
§ Taskanalysis
§ Designanalysis
§ Formativestudies
§ Userisk analysis
§ Knownuse error analysis
§ Summativestudies
§ Regulatorydocument preparation
§ Device class
§ ClassI
§ ClassII
§ ClassIII
§ Keygeographical regions
§ NorthAmerica
§ Europe
§ AsiaPacific
The research covers profiles of keyplayers (mentioned below) that offer human factors engineering andusability testing services for medical devices; each profile features anoverview of the company, details related to its human factors engineering andusability testing portfolio, recent developments and an informed future outlook.
§ Agilis
§ Human Factors Consulting Services
§ Human Factors MD
§ User wise
§ Ximedica
§ Austrian Center for Medical Innovation and Technology(ACIMT)
§ Auxergo
§ THAY Medical
§ Ergotech
§ Jonathan Bar-Or Industrial Design
For additional details, pleasevisit
https://www.rootsanalysis.com/reports/human-factors-engineering-and-usability-testing-services.html or email sales@rootsanalysis.com
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About RootsAnalysis
Roots Analysis isone of the fastest growing market research companies, sharing fresh andindependent perspectives in the bio-pharmaceutical industry. The in-depthresearch, analysis and insights are driven by an experienced leadership teamwhich has gained many years of significant experience in this sector. If you’dlike help with your growing business needs, get in touch atinfo@rootsanalysis.com
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