Testing and Analysis Services Market to Log 5.6% CAGR from 2015 to 2023
Testing and analysis services market is engaged in the provision of testing and analysis services (and related services) for industries including oil and gas, mineral and mining, food and beverage, and chemical and other commodities. The purpose of these services is to help increase manufacturing efficiency, help local producers meet global standards, manage risk and improve the quality, safety and compliance of a company and their products or services. Future trends and development in the testing and analysis services industry depends upon technological advancement and regulatory scenario globally. For instance, the Food Safety Modernization Act, passed in 2011, has been considered as the most comprehensive food safety legislation in the U.S. The passage of the Food, Drug, and Cosmetic Act in 1938 has completely changed food and beverage standards. The legislation has obelized domestic and foreign laboratories to adopt appropriate testing and analysis methodologies, and must conduct all regulatory food testing as new Food Safety Modernization Act.
Testing and analysis services market is engaged in the provision of testing and analysis services (and related services) for industries including oil and gas, mineral and mining, food and beverage, and chemical and other commodities. The purpose of these services is to help increase manufacturing efficiency, help local producers meet global standards, manage risk and improve the quality, safety and compliance of a company and their products or services. Future trends and development in the testing and analysis services industry depends upon technological advancement and regulatory scenario globally. For instance, the Food Safety Modernization Act, passed in 2011, has been considered as the most comprehensive food safety legislation in the U.S. The passage of the Food, Drug, and Cosmetic Act in 1938 has completely changed food and beverage standards. The legislation has obelized domestic and foreign laboratories to adopt appropriate testing and analysis methodologies, and must conduct all regulatory food testing as new Food Safety Modernization Act.
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Transparency <strong>Market</strong><br />
Research<br />
<strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> - Global Industry <strong>Analysis</strong>, Size, Share, Growth,<br />
Trends, <strong>and</strong> Forecast <strong>2015</strong> - <strong>2023</strong><br />
Published Date<br />
13-Nov-<strong>2015</strong><br />
162 Page Report<br />
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Press Release<br />
<strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> <strong>to</strong> <strong>Log</strong> <strong>5.6%</strong> <strong>CAGR</strong> <strong>from</strong><br />
<strong>2015</strong> <strong>to</strong> <strong>2023</strong>:Transparency <strong>Market</strong> Research<br />
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<strong>Testing</strong> And <strong>Analysis</strong> <strong>Services</strong><br />
<strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> - Global Industry <strong>Analysis</strong>, Size, Share, Growth, Trends, <strong>and</strong> Forecast <strong>2015</strong><br />
- <strong>2023</strong><br />
Transparency <strong>Market</strong> Research has published a new market report titled, “<strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong>- Global<br />
Industry <strong>Analysis</strong>, Size, Share, Growth, Trends, <strong>and</strong> Forecast <strong>2015</strong> - <strong>2023</strong>.”According <strong>to</strong> the report,the global testing <strong>and</strong><br />
analysis services market in was valued at US$17.9 bn in 2014 <strong>and</strong> is projected <strong>to</strong> exp<strong>and</strong> at a <strong>CAGR</strong> of <strong>5.6%</strong> <strong>from</strong> <strong>2015</strong><br />
<strong>to</strong> <strong>2023</strong> <strong>to</strong> reach US$29.1 bn in <strong>2023</strong>.<br />
<strong>Testing</strong> <strong>and</strong> analysis services market is engaged in the provision of testing <strong>and</strong> analysis services (<strong>and</strong> related services) for<br />
industries including oil <strong>and</strong> gas, mineral <strong>and</strong> mining, food <strong>and</strong> beverage, <strong>and</strong> chemical <strong>and</strong> other commodities. The<br />
purpose of these services is <strong>to</strong> help increase manufacturing efficiency, help local producers meet global st<strong>and</strong>ards,<br />
manage risk <strong>and</strong> improve the quality, safety <strong>and</strong> compliance of a company <strong>and</strong> their products or services. Future trends<br />
<strong>and</strong> development in the testing <strong>and</strong> analysis services industry depends upon technological advancement <strong>and</strong> regula<strong>to</strong>ry<br />
scenario globally. For instance, the Food Safety Modernization Act, passed in 2011, has been considered as the most<br />
comprehensive food safety legislation in the U.S. The passage of the Food, Drug, <strong>and</strong> Cosmetic Act in 1938 has<br />
completely changed food <strong>and</strong> beverage st<strong>and</strong>ards. The legislation has obelized domestic <strong>and</strong> foreign labora<strong>to</strong>ries <strong>to</strong> adopt<br />
appropriate testing <strong>and</strong> analysis methodologies, <strong>and</strong> must conduct all regula<strong>to</strong>ry food testing as new Food Safety<br />
Modernization Act.<br />
Browse the full report at<br />
http://www.transparencymarketresearch.com/testing-analysis-services-market.html<br />
The report explores vast scope of global testing <strong>and</strong> analysis services market <strong>and</strong> draws upon the market analysis<br />
through four broad perspectives: sample type, analysis type, industry participants, <strong>and</strong> geography. Following the brief<br />
economic slowdown in 2009, the testing services market has accelerated due <strong>to</strong> m<strong>and</strong>a<strong>to</strong>ry government requirements<br />
regarding the products such as quality assurance, safety, <strong>and</strong> product characterization. Furthermore, expansion of testing<br />
services in<strong>to</strong> end markets such as food safety <strong>and</strong> oil <strong>and</strong> gas analysis has been a major driver of organic growth for<br />
several companies. Increasing trend of outsourcing of testing services is also propelling the market growth owing <strong>to</strong> its<br />
innate benefits such as cost effectiveness <strong>and</strong> quality services. According <strong>to</strong> Labora<strong>to</strong>ry <strong>Services</strong> Outsourcing Survey,<br />
2012, 93% of participant organizations have outsourced some form of labora<strong>to</strong>ry services.<br />
Related & Recently Published Report by Transparency <strong>Market</strong> Research<br />
Healthcare Information System <strong>Market</strong> :<br />
http://www.transparencymarketresearch.com/healthcare-information-system.html<br />
The critical need for testing services is expected <strong>to</strong> increase in the next few years especially in pharmaceutical, medical<br />
devices, <strong>and</strong> food <strong>and</strong> beverages industry owing <strong>to</strong> new legislations regarding safety <strong>and</strong> compliance. The need would<br />
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<strong>Market</strong><br />
further augment with growing manufacturing sec<strong>to</strong>r in the developing world such as India, Brazil, Taiwan, Mexico, <strong>and</strong><br />
Indonesia. The testing <strong>and</strong> analysis services market is highly fragmented with large number of small companies,<br />
propagating intense competition by offering services at low cost. The effect of competition is clearly visible in the industry,<br />
<strong>and</strong> even major players are no exception <strong>to</strong> this. This has resulted in higher cus<strong>to</strong>mer acquisition cost which affected<br />
profitability <strong>and</strong> put small labora<strong>to</strong>ries on the risk of shutdown. However, none of the large companies reported organic<br />
revenue decline in any year since 2000, although some segments are cyclical. In addition, acquisition has been one of the<br />
core strategies for all major global players <strong>and</strong> mid-sized companies. For instance, SGS has completed 32 deals since<br />
2010 <strong>and</strong> Bureau Veritas has acquired 50 businesses in the past five years.<br />
Latest Press Release Of This Report: http://www.transparencymarketresearch.com/pressrelease/testing-analysisservices-market.htm<br />
Major players operating in the testing <strong>and</strong> analysis service market include Bureau Veritas , SGS S.A., Intertek Group plc,<br />
ALS Global, Eurofins, Exova, TÜV Rheinl<strong>and</strong>, Acuren, Maxxam, Koninklijke Philips N.V., TÜV SÜD, Applus, <strong>and</strong> LECO<br />
Corporation.<br />
Browse Article: http://www.transparencymarketresearch.com/articles.htm<br />
The <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> has been segmented as follows:<br />
Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong>, by Sample<br />
• Water<br />
• Soil/Sediment<br />
• Clay Mineral<br />
• Metal Alloy<br />
• Biological Sample<br />
• Food<br />
• Chemicals<br />
• Corrosion<br />
• Oil <strong>and</strong> Gas<br />
• Minerals<br />
Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong>, by <strong>Analysis</strong> Type<br />
• Elemental<br />
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• Organic<br />
• Iso<strong>to</strong>pic<br />
• Particle Size<br />
• Mineralogical<br />
• Metallurgical<br />
• Petroleum <strong>and</strong> Petrochemical<br />
• Biomedical <strong>and</strong> Biopharmaceutical<br />
• Others<br />
Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong>, by Industry<br />
• Food/Beverages<br />
• Pharma/Medical Device<br />
• Energy<br />
• Minerals<br />
• Chemicals <strong>and</strong> Other Commodities<br />
• Environmental<br />
• Metal <strong>and</strong> Alloy<br />
Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong>, by Geography<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Europe<br />
• Germany<br />
• U.K.<br />
• Rest of Europe<br />
• Asia Pacific<br />
• Australia<br />
• Japan<br />
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• Rest of Asia Pacific<br />
• Latin America<br />
• Brazil<br />
• Rest of Latin America<br />
• Middle East <strong>and</strong> North Africa<br />
• Rest of the World<br />
Get Sample Report Copy with TOC <strong>and</strong> <strong>Market</strong> Research :<br />
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7643<br />
TABLE OF CONTENT<br />
1. Introduction<br />
1.1. Report Description<br />
1.2. <strong>Market</strong> Segmentation<br />
1.3. Research Methodology<br />
2. Executive Summary<br />
2.1. Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Share, by Geography, 2014–<strong>2023</strong> (US$ Mn)<br />
2.2. Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong>, by <strong>Analysis</strong> Type, 2014 (US$ Mn)<br />
2.3. Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong>: <strong>Market</strong> Snapshot<br />
3. <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong>– Industry <strong>Analysis</strong><br />
3.1. Introduction<br />
3.2. Future Trend <strong>and</strong> Development<br />
3.3. <strong>Market</strong> Dynamics<br />
3.3.1. Drivers<br />
3.3.1.1. Regulation <strong>and</strong> St<strong>and</strong>ard<br />
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3.3.1.2. Growing Trend of Outsourcing<br />
3.3.1.3. Manufacturing Migration <strong>and</strong> Short Product Life Cycle<br />
3.3.1.4. Global Trade<br />
3.3.2. Restraints<br />
3.3.2.1. High Capital Requirements<br />
3.3.2.2. Competition <strong>and</strong> Highly Competitive Pricing<br />
3.3.3. Opportunities<br />
3.3.3.1. Investment in Emerging <strong>Market</strong>s of Asia Pacific<br />
3.4. Porters Five Force <strong>Analysis</strong><br />
3.5. <strong>Market</strong> Attractiveness <strong>Analysis</strong>– <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong>, by Geography (2014) (%)<br />
3.6. Competitive L<strong>and</strong>scape – <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong>, by Key Players, 2014 (%)<br />
4. <strong>Market</strong> Segmentation – By Sample Type<br />
4.1. Introduction<br />
4.2. Global Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
4.3. Global Water Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn<br />
4.4. Global Soil/Sediment Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
4.5. Global Clay Minerals Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
4.6. Global Metal Alloy Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
4.7. Global Biological Sample Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
4.8. Global Food/Beverages Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
4.9. Global Chemicals Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
4.10. Global Corrosion Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
4.11. Global Oil <strong>and</strong> Fluid Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
4.12. Global Mineral <strong>and</strong> Ores Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
5. <strong>Market</strong> Segmentation – By <strong>Analysis</strong> Type<br />
5.1. Introduction<br />
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5.2. Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, by <strong>Analysis</strong> Type 2013–2014 (US$ Mn)<br />
5.3. Global <strong>Testing</strong> <strong>and</strong> <strong>Services</strong> <strong>Market</strong> Revenue, <strong>Analysis</strong> Type 2013–<strong>2023</strong> (US$ Mn)<br />
5.4. Global Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, <strong>Analysis</strong> Type 2013–<strong>2023</strong> (US$ Mn)<br />
5.5. Global Non/Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue by <strong>Analysis</strong> Type <strong>and</strong> Detection Type 2013 <strong>and</strong> <strong>2023</strong><br />
(US$ Mn)<br />
5.6. Instrument Distribution Across Companies 2014<br />
5.7. End-user <strong>Analysis</strong> for Elemental <strong>Analysis</strong> <strong>Services</strong> 2014<br />
5.8. Global Organic <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
5.9. Global Organic <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue by Test Type <strong>and</strong> Sample Type 2013 <strong>and</strong> <strong>2023</strong> (US$ Mn)<br />
5.10. Global Iso<strong>to</strong>pic <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
5.11. Global Iso<strong>to</strong>pic <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue by Iso<strong>to</strong>pe Type <strong>and</strong> Sample Type 2013 <strong>and</strong> <strong>2023</strong> (US$ Mn)<br />
5.12. Global Particle Size <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
5.13. Global Mineralogical <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
5.14. Global Iso<strong>to</strong>pic <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue by Test Type <strong>and</strong> Sample Type 2013 <strong>and</strong> <strong>2023</strong> (US$ Mn)<br />
5.15. Global Metallurgical <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
5.16. Global Petroleum <strong>and</strong> Petrochemicals <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
5.17. Global Petroleum <strong>and</strong> Petrochemicals <strong>Services</strong> <strong>Market</strong> Revenue by Test Type, 2013 <strong>and</strong> <strong>2023</strong> (US$ Mn)<br />
5.18. Global Biomedical <strong>and</strong> Biopharmaceutical <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
5.19. Global Biomedical <strong>and</strong> Biopharmaceutical <strong>Services</strong> <strong>Market</strong> Revenue by Test Type, 2013 <strong>and</strong> <strong>2023</strong> (US$ Mn)<br />
5.20. Geographical Distribution of Biomedical Sample 2014<br />
5.21. Global Biopharmaceutical <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
5.22. Global Others <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
6. <strong>Market</strong> Segmentation – By Industry<br />
6.1. Introduction<br />
6.2. Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, by Industry 2013–2014 (US$ Mn)<br />
6.3. Global <strong>Testing</strong> <strong>and</strong> <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, by Industry 2013–<strong>2023</strong> (US$ Mn)<br />
6.4. Global Food <strong>and</strong> Beverages <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
6.5. Geographical Distribution of Food & Beverage Companies, 2014, (Value, %)<br />
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6.6. Global Pharma <strong>and</strong> Medical Device <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, 2013–<strong>2023</strong> (US$ Mn)<br />
6.7. Sample Share, Biopharmaceuticals, Medical Devices <strong>and</strong> Biomedical Materials, 2014<br />
6.8. Environmental Industry Revenue, by Industry, <strong>2015</strong>–<strong>2023</strong>, (US$ Mn)<br />
6.9. Environmental Industry Consumer <strong>Analysis</strong>, 2014 (Value % )<br />
6.10. Energy (oil & gas) Industry Revenue, by Industry, <strong>2015</strong>–<strong>2023</strong>, (US$ Mn)<br />
6.11. Energy Industry Consumer <strong>Analysis</strong>, 2014 (Value % )<br />
6.12. Mineral <strong>and</strong> Mining Industry Revenue, by Industry, <strong>2015</strong>–<strong>2023</strong>, (US$ Mn)<br />
6.13. Mineral <strong>and</strong> Mining Industry Consumer <strong>Analysis</strong>, (Value % ), 2014<br />
6.14. Chemical <strong>and</strong> Other Commodities Industry Revenue, by Industry, <strong>2015</strong>–<strong>2023</strong>, (US$ Mn)<br />
6.15. Chemical <strong>and</strong> Commodities Industry Consumer <strong>Analysis</strong>, 2014 (Value %)<br />
6.16. Heavy Industry Revenue, <strong>2015</strong>–<strong>2023</strong>, (US$ Mn)<br />
7. <strong>Market</strong> Segmentation – By Geography<br />
7.1. Introduction<br />
7.2. Global Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, by Geography, 2013–<strong>2023</strong> (US$ Mn)<br />
7.3. North America Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, by Country, 2013–<strong>2023</strong> (US$ Mn)<br />
7.4. Europe Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, by Country, 2013–<strong>2023</strong> (US$ Mn)<br />
7.5. Asia Pacific Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, by Country, 2013–<strong>2023</strong> (US$ Mn)<br />
7.6. Middle East & North Africa Elemental analysis <strong>Services</strong> <strong>Market</strong> Revenue, by Country, 2013–<strong>2023</strong> (US$ Mn)<br />
7.7. Latin America Elemental <strong>Analysis</strong> <strong>Services</strong> Substitutes <strong>Market</strong> Revenue, by Country, 2013–<strong>2023</strong> (US$ Mn<br />
7.8. Rest of the World Elemental <strong>Analysis</strong> <strong>Services</strong> <strong>Market</strong> Revenue, by Country, 2013–<strong>2023</strong> (US$ Mn)<br />
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