Market Overview:
The global laboratory testing service market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for laboratory testing services from various end-use industries such as agriculture and food, environmental, commercial and construction, and others. In addition, the growing awareness about quality control and safety among consumers is also fueling the demand for laboratory testing services across the globe. Based on type, the global laboratory testing service market is segmented into biological testing, electrical testing, geotechnicaltesting radiationtestingand others.
Product Definition:
Laboratory Testing Service is a service that helps organizations to test and improve the quality of their products. The importance of Laboratory Testing Service is that it helps organizations to test and improve the quality of their products.
Biological Testing:
Biological testing is a procedure carried out to study the biological mechanism of an object or phenomenon. It's major application includes drug, food and environmental testing. Biological tests are used in medical research as well as for the diagnosis of various diseases and disorders.
Electrical Testing:
Electrical testing is the process of determining the effectiveness and functionality of electronic devices. It includes a series of procedures to test an electrical device's resistance, inductance, capacitance, and other properties. These tests are performed on equipment such as batteries, resistors, integrated circuits (IC), diodes etc., for safety purposes in order to ensure that they are safe for use in various applications.
Application Insights:
The market is segmented on the basis of application into agriculture and food testing, environmental testing, commercial and construction testing, industrial and manufacturing testing, medical diagnostics tests, space technology tests & defense contracts as well as others. The environment segment held the largest share in 2017 due to stringent government regulations for handling hazardous materials that demand frequent monitoring.
Commercial and construction are expected to be the fastest-growing application over the forecast period owing to increasing infrastructure development across various regions coupled with a growing population will drive this growth. Latin America is projected to have significant growth in this sector during future years due to rising investments from foreign companies especially in Brazil which demands frequent laboratory analysis for safety purposes.
Laboratory Testing Service Market by Application (Conventional Labs., Customized Labs., Specialty Labs.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. North America has a well-established healthcare infrastructure, which is one of the major factors contributing to regional growth.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to presence of untapped opportunities and rapidly improving healthcare infrastructure coupled with economic development in emerging countries such as China and India are some factors driving regional growth.
Growth Factors:
- Increasing demand for personalized medicine
- Rising prevalence of chronic diseases
- Technological advancements in laboratory testing services
- Growing number of clinical trials and research studies
- Expansion of the healthcare sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Laboratory Testing Service Market Research Report
By Type
Biological Testing, Electrical Testing, Geotechnical Testing, Radiation Testing, Others
By Application
Agriculture and Food Testing, Environmental Testing, Commercial and Construction Testing, Others
By Companies
Intertek Group PLC, SGS, Thermo Fischer Scientific, Mirion Technologies, Landauer, Fuji Electric, Cowi AS, Deep Excavation, Dst Consulting Engineers, Eustis Engineering, Fugro, ІNЕL Роwеr Ѕуѕtеm Еngіnееrѕ, Technоmаrk Еngіnееrѕ, Vоltесh Grоuр
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Laboratory Testing Service Market Report Segments:
The global Laboratory Testing Service market is segmented on the basis of:
Types
Biological Testing, Electrical Testing, Geotechnical Testing, Radiation Testing, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture and Food Testing, Environmental Testing, Commercial and Construction Testing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intertek Group PLC
- SGS
- Thermo Fischer Scientific
- Mirion Technologies
- Landauer
- Fuji Electric
- Cowi AS
- Deep Excavation
- Dst Consulting Engineers
- Eustis Engineering
- Fugro
- ІNЕL Роwеr Ѕуѕtеm Еngіnееrѕ
- Technоmаrk Еngіnееrѕ
- Vоltесh Grоuр
Highlights of The Laboratory Testing Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Biological Testing
- Electrical Testing
- Geotechnical Testing
- Radiation Testing
- Others
- By Application:
- Agriculture and Food Testing
- Environmental Testing
- Commercial and Construction Testing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laboratory Testing Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Laboratory Testing Service is a company that provides laboratory testing services. They offer a variety of services, including blood tests, urine tests, and pregnancy tests.
Some of the key players operating in the laboratory testing service market are Intertek Group PLC, SGS, Thermo Fischer Scientific, Mirion Technologies, Landauer, Fuji Electric, Cowi AS, Deep Excavation, Dst Consulting Engineers, Eustis Engineering, Fugro, ІNЕL Роwеr Ѕуѕtеm ЕngÑ–nееrÑ•, Technоmаrk ЕngÑ–nееrÑ•, VоltеÑh GrоuÑ€.
The laboratory testing service market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laboratory Testing Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laboratory Testing Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laboratory Testing Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laboratory Testing Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laboratory Testing Service Market Size & Forecast, 2018-2028
4.5.1 Laboratory Testing Service Market Size and Y-o-Y Growth
4.5.2 Laboratory Testing Service Market Absolute $ Opportunity
Chapter 5 Global Laboratory Testing Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Laboratory Testing Service Market Size Forecast by Type
5.2.1 Biological Testing
5.2.2 Electrical Testing
5.2.3 Geotechnical Testing
5.2.4 Radiation Testing
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laboratory Testing Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Laboratory Testing Service Market Size Forecast by Applications
6.2.1 Agriculture and Food Testing
6.2.2 Environmental Testing
6.2.3 Commercial and Construction Testing
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laboratory Testing Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laboratory Testing Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Laboratory Testing Service Analysis and Forecast
9.1 Introduction
9.2 North America Laboratory Testing Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Laboratory Testing Service Market Size Forecast by Type
9.6.1 Biological Testing
9.6.2 Electrical Testing
9.6.3 Geotechnical Testing
9.6.4 Radiation Testing
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Laboratory Testing Service Market Size Forecast by Applications
9.10.1 Agriculture and Food Testing
9.10.2 Environmental Testing
9.10.3 Commercial and Construction Testing
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Laboratory Testing Service Analysis and Forecast
10.1 Introduction
10.2 Europe Laboratory Testing Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Laboratory Testing Service Market Size Forecast by Type
10.6.1 Biological Testing
10.6.2 Electrical Testing
10.6.3 Geotechnical Testing
10.6.4 Radiation Testing
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Laboratory Testing Service Market Size Forecast by Applications
10.10.1 Agriculture and Food Testing
10.10.2 Environmental Testing
10.10.3 Commercial and Construction Testing
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Laboratory Testing Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laboratory Testing Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Laboratory Testing Service Market Size Forecast by Type
11.6.1 Biological Testing
11.6.2 Electrical Testing
11.6.3 Geotechnical Testing
11.6.4 Radiation Testing
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Laboratory Testing Service Market Size Forecast by Applications
11.10.1 Agriculture and Food Testing
11.10.2 Environmental Testing
11.10.3 Commercial and Construction Testing
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Laboratory Testing Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Laboratory Testing Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Laboratory Testing Service Market Size Forecast by Type
12.6.1 Biological Testing
12.6.2 Electrical Testing
12.6.3 Geotechnical Testing
12.6.4 Radiation Testing
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Laboratory Testing Service Market Size Forecast by Applications
12.10.1 Agriculture and Food Testing
12.10.2 Environmental Testing
12.10.3 Commercial and Construction Testing
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Laboratory Testing Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laboratory Testing Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Laboratory Testing Service Market Size Forecast by Type
13.6.1 Biological Testing
13.6.2 Electrical Testing
13.6.3 Geotechnical Testing
13.6.4 Radiation Testing
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Laboratory Testing Service Market Size Forecast by Applications
13.10.1 Agriculture and Food Testing
13.10.2 Environmental Testing
13.10.3 Commercial and Construction Testing
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laboratory Testing Service Market: Competitive Dashboard
14.2 Global Laboratory Testing Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intertek Group PLC
14.3.2 SGS
14.3.3 Thermo Fischer Scientific
14.3.4 Mirion Technologies
14.3.5 Landauer
14.3.6 Fuji Electric
14.3.7 Cowi AS
14.3.8 Deep Excavation
14.3.9 Dst Consulting Engineers
14.3.10 Eustis Engineering
14.3.11 Fugro
14.3.12 ІNЕL Роwеr Ѕуѕtеm Еngіnееrѕ
14.3.13 Technоmаrk Еngіnееrѕ
14.3.14 Vоltесh Grоuр
