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:

Report AttributeDetails
No. of Pages455
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$83.4 Billion
Forecasted Market Value (USD) by 2030$143.9 Billion
Compound Annual Growth Rate7.1%
Regions CoveredGlobal

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

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