Global Testing Laboratories Market Report 2021-2027: Metabolomic Profiling in Food Safety Testing - An Opportunity to Tap

DUBLIN, Aug. 31, 2021 /PRNewswire/ -- The "Testing Laboratories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Testing Laboratories Market to Reach $124.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Testing Laboratories estimated at US$82.1 Billion in the year 2020, is projected to reach a revised size of US$124.2 Billion by 2027, growing at a CAGR of 6.1% over the period 2020-2027.

The U.S. Market is Estimated at $22.2 Billion, While China is Forecast to Grow at 9.3% CAGR

The Testing Laboratories market in the U.S. is estimated at US$22.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.5 Billion by the year 2027 trailing a CAGR of 9.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Prelude
• Developing Markets Offer Significant Growth Opportunities
• Recent Market Activity
• Criteria for Selecting a Testing Laboratory
• Companies Prefer Off-Site Testing Laboratory Services
• Harmonization of Global Standards Remains a Challenge
• Internet - Creating Novel Business Opportunities for Laboratory Services
• PATs Gain Rapid Adoption in Electrical Appliance Manufacturing Industry
• Gradual Improvements in Global Economy Favors Market Growth
• Competitive Scenario
• M&A Activity Rife in Testing, Inspection and Certification Industry
• Challenges Facing Testing Lab Market
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS (Total 34 Featured)

• Bureau Veritas Group (France)
• Bureau Veritas North America (USA)
• CSA Group (USA)
• ELCA Laboratories (India)
• Eurofins Scientific Group (France)
• Eurofins GeneScan (Germany)
• FM Approvals (USA)
• Foodtest Laboratories Ltd. (UK)
• Genetic ID (USA)
• Geotechnical Engineering Ltd. (UK)
• Intertek Group plc (UK)
• Merieux Nutrisciences Corporation (USA)
• MET Laboratories, Inc. (USA)
• National Technical Systems, Inc. (USA)
• NGC Testing Services (USA)
• Retlif Testing Laboratories (USA)
• SGS S.A. (Switzerland)
• SGS North America, Inc. (USA)
• SGS Consumer Testing Services (USA)
• TUVRheinland (Germany)
• TUV SUD America, Inc. (USA)
• Underwriters Laboratories, Inc. (USA)

3. MARKET TRENDS & DRIVERS

• FOOD TESTING MARKET - A REVIEW
• Food Testing Laboratories - The Most Prevalent of Them All
• Factors Impacting Food Safety Testing Volume
• Highly Regulated Food & Beverage Industry Presents Opportunities for Testing Market
• Globalization Injects Universal Demand for Food Testing
• Spurt in Number of Food-Borne Outbreaks Propel the Need for Food Testing
• A Glance at Select Product Recalls in the US - 2016
• List of Foodborne Illness Outbreaks in the US (2013-2016)
• Improper Labeling of Food Products to Help Perk-Up Demand for Food Testing
• Rising Incidents of Food Allergy Shifts Focus on Allergen Management Measures
• Food Testing Gaining Prominence in Developing Countries
• Rapid Screening Gains Preference over Traditional Food Testing Procedures
• Outsourcing of Food Safety Testing Gathers Steam
• Food Contract Labs to Outdo Food Plant Labs
• Novel & Tested Technologies to Spur Growth
• Nanotechnology in Food Testing
• Real-time PCR/qPCR Technologies Fundamental in Food Safety Testing
• Metabolomic Profiling in Food Safety Testing:An Opportunity to Tap
• Prospects for Molecular Diagnostics in Food Testing Grow Brighter
• AN INSIGHT INTO NON-DESTRUCTIVE TESTING (NDT) SERVICES MARKET
• Market Overview
• Evolving Applications of NDT Inspection: A Positive Trend
• Developing Countries to Spur Future Growth
• Aging Infrastructure in Developed Countries Drive Need for NDT Testing
• Power Generation Sector - The Traditional Revenue Contributor
• Growing Focus on Solar & Wind Power: Opportunity for NDT Testing Laboratories
• Government Regulations Provides Strong Business Case for NDT Testing
• Healthy Outlook for Oil & Gas Bodes Well for NDT Equipment
• Rapid Growth of Shale Gas Reserves Promises Bright Prospects for NDT Equipment
• Growing Preference of NDT Equipment in Marine Industry
• Automotive Sector - Opportunities Rife in OEM and Aftermarket Segments
• Automotive Manufacturers Embrace Testing Solutions
• Demand for NDT Testing of Composites on the Rise
• Technological Advances Prop Up Growth
• Price Sensitivity and Lack of Safety Regulations - A Challenge
• CALIBRATION TESTING MARKET - AN OVERVIEW
• Prelude
• Focus on Preventive Maintenance and High Quality Standards Drive Demand for Calibration Services
• Developing Markets: Opportunities in Store
• End-Use Industry Dynamics Impact Market Growth
• Market Drivers & Trends
• Key Challenges
• Calibration Services: Provider Landscape
• FORENSIC TESTING MARKET - AN OVERVIEW
• A Primer
• Rise in Crime Boosts the "Need" Factor
• DNA Analysis: The Ultimate Weapon in the Battle against Crime
• Rise in Gun Violence Raises the Demand for Forensic Ballistics
• Rise in Cyber Crimes Brings to Fore the Emergence of Computer Forensics
• Cloud Forensics Grow in Popularity
• All Eyes on Forensic Consulting Services
• Practice of Forensic Science Attracts Widespread Criticism
• Insufficient Funding Hampers Operations of Crime Labs

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/9pwonu

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets