Testing and Analysis Services Market
Testing and Analysis Services Market: (By Sample Type: Water, Soil/Sediment, Clay Mineral, Metal Alloy, Biological Sample, Food, Chemicals, Corrosion, Oil and Gas, and Minerals and Ores; By Analysis Type: Elemental, Organic, Isotopic, Particle Size, Mineralogical, Metallurgical, Petroleum and Petrochemical, Biomedical and Biopharmaceutical, and Others; By Industry: Food/Beverages, Pharma/Medical Device, Energy, Minerals, Chemicals and Other Commodities, Environment and Metal and Alloy - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023
Press Release :
Global Testing and Analysis Services Market: A Snapshot
The global testing and analysis services market promises to provide key insights into various soils, biological samples, food products, and chemicals among others to end-players. Due to requirements these worldwide, the market caters to various industries including pharmaceuticals, food/ beverage, chemicals, minerals, energy, and metal alloy manufacturing. The global testing and analysis services market report aims to explain various trends such as declining costs, increasing need for safety, and growth of the market. The testing and analysis services presents major opportunities for small and large businesses alike, as segments like food and beverage continue to expand with rising awareness about food safety. Moreover, the increasing sophistication in analysis also presents major growth for the market as organic isotopic, mineralogical, particle size, and petroleum products make way for increasing sophistication in the market. Among these, the 70% analysis services in the market are provided by the industry. On the other hand, nearly 30% remaining are catered through private, and public entities. The elemental analysis segment in the market report is worth watching out for as it made way for 44% small businesses in 2012, and can prove to be a promising segment for testing and analysis services market.
Food and Beverage Promises New Applications as Regulatory Agencies Buck Up for Safety
Increasing incidences like salmonella in recent past, and increasing threats like bird flu among others are expected to drive major growth in the food and beverage industry-segment. Several other applications also remain promising. Among these, the pharmaceutical devices, chemicals, energy, minerals, and environment remain most promising. New portable devices are expected to make major breakthroughs in the environmental segment. The new devices are making it feasible to capture vast amounts of data regarding water, and soil pollution, which can be recorded and transferred in real-time. Moreover, devices like flying drones can do so without the help of human beings. Additionally, the small quantities of these devices also keeps costs downward, which is a key necessity for environmental bodies. The growing environmental concern, issues like water pollution, and growth of the funding for combating threats of climate change will drive considerable growth for the segment.
North America Remains a Leader in Growth
The testing and analysis services market report will cover all key regions of the globe including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these, the North America region will witness highest growth as rising safety regulations at fast-food chains, and increasing adoption of advanced monitoring solutions are expected to make way into the market. Moreover, the growing demand for csost-effective, and increasing growth of SMEs will promise more opportunities for players in the testing and analysis services market. high demand for chemical, and environmental testing will also remain a major draw for end-players during the forecast period.
Key players in the testing and analysis services market are LECO Corporation, Koninklijke Philips N.V., Maxxam Analytics, Acuren, Eurofins, ALS Global, Intertek Group plc., SGS S.A., Exova Group plc., and Bureau Veritas S. A.
This report on the testing and analysis services market studies the current as well as future prospects of the market. The stakeholders of this report include testing and analysis companies catering to Pharmaceutical, biomedical, petroleum, energy, food and beverages, mining, metal, and other heavy industry. In addition, the report also include extensive coverage of instruments for testing services which may help equipment firms to understand this market form consumer prospective.
This report comprises an elaborate executive summary with a market snapshot providing overall information of various segments and sub-segments considered in the study scope. The section also provides with overall information and data analysis of the testing and analysis services market globally with respect to the leading market segments based on sample type, analysis type, industry, and geography. On the basis of sample types, the market has been further categorized into water, soil/sediment, clay mineral, metal alloy, biological sample, food, chemicals, corrosion, oil and gas, and minerals and ores. By analysis type the market has been classified into elemental, organic, isotopic, particle size, mineralogical, metallurgical, petroleum and petrochemical, biomedical and biopharmaceutical, and others. The industry covered in the report includes food/beverages, pharma/medical device, energy, minerals, chemicals and other commodities, environment and metal and alloy. The market revenue in terms of USD million for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all segments under sample type, analysis type, and industry considering 2014 as the base year.
On the basis of geography, the market has segmented into: North America, Europe, Asia Pacific, Latin America, Middle East and North Africa (MENA), Rest of the World (RoW). Market revenue in terms of USD million for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all region classified under the geography, considering 2014 as the base year.
Each of the segments has been analyzed in detail for market trends, recent developments, outlook, and opportunities. The market overview section of the report explores market dynamics such as drivers, restraints, and opportunities that currently have strong impact on the global elemental analysis services market and could influence the market in the future as well. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition between leading market players. Porter’s five forces analysis is also explained in this section to understand the market considering different parameters that have an impact on the sustainability of the companies operating in the market.
The competitive scenario among different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their respective market shares globally. The report also profiles major players in the testing and analysis services market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments.
Major players operating in the testing and analysis service market include Bureau Veritas , SGS S.A., Intertek Group plc, ALS Global, Eurofins, Exova, TÜV Rheinland, Acuren, Maxxam, Koninklijke Philips N.V., TÜV SÜD, Applus, and LECO Corporation. Many of these players continuously innovate by developing new testing methodologies with technological advances in order to maintain their positions in the global market.
The Testing and Analysis Services Market is segmented as follows:
Global Testing and Analysis Services Market, by Sample Type, 2015 - 2023 (US$ Mn)
- Clay Mineral
- Metal Alloy
- Biological Sample
- Oil and Gas
Global Testing and Analysis Services Market, by Analysis Type, 2015-2023 (US$ Mn)
- Particle Size
Global Testing and Analysis Services Market, by Industry, 2015-2023 (US$ Mn)
- Pharma/Medical Device
- Oil, Energy, Gas
- Environment and Agriculture
- Metal and Alloys
Global Testing and Analysis Services Market, by Geography, 2015-2023 (US$ Mn)
- North America
- Asia Pacific
- Middle East and North Africa
- Latin America
- Rest of the World