Testing Laboratories Global Market to Reach $143.9 Billion by 2030: Globalization Injects Universal Demand for Food Diagnostics

Dublin, April 04, 2023 (GLOBE NEWSWIRE) -- The "Testing Laboratories: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Testing Laboratories estimated at US$83.4 Billion in the year 2022, is projected to reach a revised size of US$143.9 Billion by 2030, growing at a CAGR of 7% over the analysis period 2022-2030.

The U.S. Market is Estimated at $26.7 Billion, While China is Forecast to Grow at 9.5% CAGR

The Testing Laboratories market in the U.S. is estimated at US$26.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$21.7 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.

Select Competitors (Total 111 Featured) -

• Bureau Veritas Group
• Bureau Veritas North America
• CSA Group
• ELCA Laboratories
• Eurofins Scientific Group
• FM Approvals
• Foodtest Laboratories Ltd.
• FoodChain ID Group Inc.
• Geotechnical Engineering Ltd.
• Intertek Group plc
• Merieux Nutrisciences Corporation
• MET Laboratories, Inc.
• National Technical Systems, Inc.
• NGC Testing Services
• Retlif Testing Laboratories
• SGS S.A.
• SGS North America, Inc.
• TUVRheinland
• TUV SUD America, Inc.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Testing Laboratories: A Prelude
• Testing Laboratories - Global Key Competitors Percentage Market Share in 2022 (E)
• Impact of COVID-19 Pandemic and Looming Global Recession
• 2020 Marked as a Year of Disruption & Transformation
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Pandemic Impacts Growth of Laboratory Testing Services
• Virus-Induced Pandemic Led Macroeconomic Variables Deterioration and Subdued Industrial Activity Impacts Testing Laboratories Market
• Global PMI Index Points for the Years 2018, 2019 & 2020
• An Introduction to Testing Laboratories
• Food Testing Laboratories
• Types of Food Testing Laboratories
• Biological Testing
• Hydrostatic Testing
• Automobile Testing
• Calibration Testing
• Calibration & Repair Services
• Off-site and Onsite Testing
• Types of Calibration
• Electrical Testing
• Film Badge Testing/Radiation Testing
• Forensic Testing
• Geotechnical Testing
• Product Testing
• Mechanical Testing
• Non-Destructive Testing (NDT)
• Why NDT is Required?
• Applications of NDT
• Global Market Prospects & Outlook
• Criteria for Selecting a Testing Laboratory
• Developing Markets Offer Significant Growth Opportunities
• Competition
• World Brands
• Recent Market Activity
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Trends Poised to Transform the Future of Laboratories
• Companies Prefer Off-Site Testing Laboratory Services
• Artificial Intelligence Enhances Lab Testing Services
• Harmonization of Global Standards Remains a Challenge for Testing Labs
• Food Testing Laboratories: The Most Common Types of Testing Lab Services
• Increase in Number and Complexity of Foodborne Outbreaks and Product Recalls: Potential for Growth
• Number of Food Allergen Recalls in the US: Breakdown by FDA-Regulated Foods and FSIS-Regulated Foods for 2019
• Foodborne Illness Outbreak Investigations in the US (2019 & 2020)
• Impact of COVID-19 on Food Safety Testing Industry
• Increasing Risk of Food Fraud a Major Concern for Food Companies
• Rising Need for Universal Food Safety and Security Regulatory Reforms
• Globalization Injects Universal Demand for Food Diagnostics
• Food Contract Laboratories to Outdo In-house Labs
• Outsourcing of Food Safety Testing Gathers Steam
• Food Microbiology Testing Market on a Growth Spree
• Global Food Microbiology Testing Market Breakdown of Value Sales (in %) by Pathogen and Routine Tests for 2020E
• Rapid and Automated Tests: Attractive Solution for Food Processors
• Emerging Technologies Transform Food Safety Testing Market
• NGS-based Food Safety Testing: A Technology with High-Growth Promise
• Novel & Tested Technologies to Spur Growth
• Nanotechnology in Food Testing
• Biosensors and Smartphones Set New Frontiers
• Biotechnology and Bioinformatics: The Backbone of New Testing Technologies
• Process Testing to Gain Prominence
• Automation Picks Up Momentum
• Real-time PCR/qPCR Technologies Fundamental in Food Safety Testing
• Metabolomic Profiling in Food Safety Testing: An Opportunity to Tap
• Competitive Landscape
• An Insight Into Non-Destructive Testing (NDT) Services Market
• Impact of COVID-19 on the NDT Market
• NDT Services: Current Market Scenario and Outlook
• Power and Energy Sector Provides Potential Growth
• Developing Regions to Exhibit Faster Growth
• Evolving Applications of NDT Inspection: A Positive Trend
• Ultrasonic Technique (UT): Largest Category
• Magnetic Particle Inspection (MPI) Widens Business Prospects
• Radiographic Testing (RT) Accelerates Market Expansion
• Visual Inspection Testing (VT) Exhibits Faster Growth
• Eddy Current Testing Holds Immense Potential
• Manufacturing Sector: Dominant Consumer of NDT Services
• Oil & Gas Entities Leverage NDT to Deal with Challenging Environment and Stringent Standards
• NDT Gains Traction in Detecting Imperfections in Aerospace Materials
• NDT Comes to the Fore to Ensure Safety of Power Generation Installations
• Maintenance of Traditional Fossil Fuel Plants to Drive Demand for NDT Services
• Non-Destructive Testing for Safety of Critical Nuclear Installations
• Inspection in Fossil Fuel Power Infrastructures
• Automotive Sector: A Traditional End-Use Sector for NDT
• Automotive OEMs Rely on NDT to Drive Manufacturing Quality & Uptime
• Calibration Testing Services Market: An Overview
• Focus on Preventive Maintenance and High Quality Standards Drive Demand for Calibration Services
• Developing Markets: Opportunities in Store
• Key End-Use Applications of Calibration Services
• Onsite Calibration Fuels Adoption of Calibration Services
• User-Friendly & Self-Calibrating Devices Pose a Threat to Outsourcing of Calibration Services
• Notable Trends in the Calibration Services Market
• Expansion of Service Portfolio is Key to Future Growth
• Recognition of Intrinsic Cost Benefits: Critical to Market Acceptance
• Drive to Maintain Quality Standards
• Accreditation Magnifies Business Case for Calibration Services
• Proliferation of OEMs to Improve Quality of Calibration
• Innovations in Service Delivery Mechanisms
• Shift to Paperless Calibration Management System
• Rising Prominence of Paperless Technology for Maintenance & Calibration in Life Sciences Market
• Improved Access to Expert Guidance Helps Laboratories
• Calibration Management Software Shifts to Cloud Platform
• Key Challenges Facing Calibration Services Market
• Calibration Services: Provider Landscape
• Environment Testing Laboratories: Growing Demand for Clean Environment Ups Market Opportunities
• Impact of COVID-19 Pandemic on Environmental Testing Market
• Wastewater Surveillance Emerge as Lucrative Area for Environmental Testing Providers
• Services to Detect COVID-19 Virus on Environmental Surfaces Impel Testing Market
• Deteriorating Quality of Water Throws Emphasis on Water Testing Services
• Percentage of Contaminated Water in Drinking Water Supplies in Africa, Asia, and Latin America and Caribbean
• Growing Concerns over Rising Emissions, and Climate Change Trigger Demand for Air Quality Testing Services
• Global Indoor Air Pollution Related Fatalities by Health Condition (2020E)
• Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2019
• Testing Soil Quality Gains Significant Importance
• Challenges Facing Environmental Testing Laboratories
• Automation and Focus on Improving Productivity and Quality Drive Demand for Testing Services in Automotive Industry
• World Automobile Production in Million Units: 2008-2022
• Automobile Production % YoY Change Across Select Regions: 2020 Vs 2019
• Complex Nature of Oil & Gas Operations Enhance Significance of Lab Testing Services
• Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times
• Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021E
• Electrical Testing Services Market: Ensuring Safety of Products
• Forensic Testing Laboratories Market: Potential Opportunities in Store
• Rise in Crime Boosts the "Need" Factor
• DNA Analysis: The Ultimate Weapon in the Battle against Crime
• DNA Profiling: A Key Forensic Tool
• Rise in Gun Violence Raises the Demand for Forensic Ballistics
• Increase in Cyber Crimes Brings to Fore the Emergence of Computer Forensics
• Cloud Forensics Grow in Popularity
• All Eyes on Forensic Consulting Services
• Insufficient Funding Hampers Operations of Crime Labs
• Challenges Facing Testing Laboratories Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/iu5tox

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• Global Market for Testing Laboratories