The Global Market for Environmental Testing is Projected to Surpass US$11.4 Billion by 2024

Tightening Environmental Regulations Globally Drive Demand for Environmental Testing, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Environmental Testing market. The global market for Environmental Testing is projected to surpass US$11.4 billion by 2024, driven by growing public concerns over food, air, and water quality and enforcement of stringent environmental protection laws and safety regulations.

Environmental testing involves the analysis of air, water and soil to assess their quality and impact on health and ecological environment. Rising concerns over food, air, and water safety and tightening environmental regulations globally continue to increase the need for testing of contaminants, thereby creating strong demand for environmental diagnostics. Also driving growth is the increasing list of products recognized as toxic as part of environmental monitoring regulations. With governments, industrial enterprises and general population becoming more engaged in environmental issues, the role and importance of environmental testing is taking center stage. Also the growing need to reduce environmental impact is driving businesses to adopt environmentally sustainable business practices which are further generating demand for environmental testing services.  Companies are increasingly outsourcing tasks such as environmental monitoring, testing and analysis to improve their environmental footprint and minimize impact on the environment.

Trends witnessed in the environmental testing market reflect shift towards instrumentation and kits for on-site testing, due to high costs of traditional testing equipment and demand for rapid results. As conventional tests have a longer wait time to produce results, rapid testing technologies that offer definitive results in hours and minutes are gaining demand. These technologies aid in providing early warning system for disease outbreaks and identification of high risk groups. Rapid technologies such as Electrospray ionization (ESI) and matrix-assisted laser desorption/ionization (MALDI) mass spectrometry to detect bacteria from air, water and soil are gaining interest to evaluate microbial contamination in water systems, buildings and to monitor the progress during remediation and maintenance processes, led by benefits such as less wait time and lower costs. These detection technologies overcome most of the disadvantages associated with conventional techniques in terms of sensitivity, specificity, portability, convenience, and required time for detection.

As stated by the new market research report on Environmental Testing, the U.S. represents the largest market worldwide. Asia-Pacific is projected to emerge as the fastest growing regional market with a CAGR of 9.1% over the analysis period.  Growth in the market is led by rising levels of pollution driven by growing population, industrialization and urbanization, poor sanitation practices, and heightened concerns with regard to health.

Major players in the market include AB Sciex LLC, Alex Stewart International, ALS Limited, BioControl Systems, Bureau Veritas S.A., Eurofins Scientific S.E., Intertek Group plc, Mérieux NutriSciences, Microbac Laboratories, and SGS SA, among others.

The research report titled "Environmental Testing: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, challenges, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.

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