Environmental Testing Market

Environmental Testing Market Segmentation By Product (Bio-testing/Pathogen Testing, Mass Spectrometers, Chromatography Products, Molecular Spectroscopy Products, Toc Analyzers, Dissolved Oxygen Analyzers & Others); By Sample (Outdoor & Indoor); By Technology (Conventional & Rapid); By Contaminant (Microbial Contaminant, Organic Compounds & Solids); By End User (Residential, Commercial & Industrial) - Global Industry Demand Analysis and Opportunity Assessment 2019-2028

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Report ID: 2713 | Published On: Feb 01, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • December 2019: Intertek Group PLC announced that it has successfully acquired Check Safety First Limited (CSF), a leading player for global health, safety, quality and security risk management that focuses on the travel, tourism and hospitality sectors.

  • January 2019: bioMérieux SA announced that it has acquired the developer, manufacturer and marketer of innovative and user-friendly molecular diagnostic solutions, Invisible Sentinel,which is used for the rapid, accurate and reliable detection of pathogens and spoilage organisms in food and beverages.


Environmental Testing Overview

In recent years, environmental testing has changed drastically owing to the recent development in technology and innovation in products. New products have been launched in the market which are used in environment testing such as digital lux meters, laser distance meter, refractometers and electrosmog meter among others. The technological focus from conventional environmental testing methods such as Biological Oxygen Demand (BOD) and Chemical Oxygen Demand (COD) has been shifting towards innovative rapid testing methods as they are efficient and generate results within a few hours.

Rapid testing methods ensure the analysis of a larger sample size, and thereby reduce the time required for sample testing. Advanced technologies also ensure the detection of microbial as well as chemical contaminants present in the samples even if they have very low level of presence. Furthermore, simultaneous detection of all contaminants present in the samples can reduce the number of tests required, thus saving time and cost of each test conducted.

Additionally, companies are shifting priorities by using business intelligence to not only save on costs but to also become environmentally aware. Business intelligence’s ability to keep track of performance, as well as alert decision makers on behavioural changes, make it a complementary approach as demonstrated by the desire by many companies to become more eco-friendly. Increasing advancements in computers and computer software are also profoundly affecting the laboratory industry. However, it has been observed that the environmental lab business and instrumentation suppliers have been relatively slow in advancing towards computational power. Individual lab instruments have possessed computer control and data collection capabilities for large time thereby reducing costs and boost operating efficiencies. Such factors are anticipated to promote the growth of the global environmental testing market in the recent years. CLICK TO DOWNLOAD SAMPLE REPORT

The global environmental testing market was valued at USD 9146.30 million in the year 2019 and is expected to grow up to USD 16914.36 million by the end of 2028 at a CAGR of 7.07% across the globe during the forecast period 2020-2028. The market is also anticipated to gain an incremental $ opportunity of USD 646.64 million in the year 2020 as compared to the previous year. Moreover, the market is also anticipated to gain an absolute $ opportunity of USD 7121.42 million by growing at 1.73x during the forecast period.


Growth Highlights Based on Region During 2019-2028

The global environmental testing market is segmented by regions into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Among these regions, the market inNorth America registered the largest market share of 30.94% along with a value of USD 2829.41 million in the year 2019 and is expected to grow at a CAGR of 7.12% during the forecast period.The market in the region is anticipated to grow on account of the increasing number of environment regulatory bodies, growing government participation to regulate environmental testing, increasing number of manufacturing industries, growing awareness for the environment amongst individuals, private and public institutions and increasing pollution amongst others. The market in the region is also anticipated to gain an incremental $ opportunity of USD 86.63 million by in the year 2020 as compared to the previous year. Additionally, the North America environmental testing market is also anticipated to gain an absolute $ opportunity of USD 943.23 million by growing at 1.7x during the forecast period.

Environmental Testing Market Graph The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).


Market Segmentation Synopsis

ByProduct

The global environmental testing market has been segmented on the basis of product into bio-testing/pathogen testing, mass spectrometers, chromatography products, molecular spectroscopy products, toc analyzers, dissolved oxygen analyzers and others. The bio-testing/pathogen testing segment registered the largest market share of 27.62% in the year 2019 and is anticipated to grow with a CAGR of 7.17% during the forecast period. Bio-testing/pathogen testing is used for the determination of the potency or concentration of a compound by its effect on animals, isolated tissues, or microorganisms, as compared with an analysis of its chemical or physical properties. It is used to verify sanitation effectiveness throughout the production of environment products. The segment is further anticipated to gain an incremental $ opportunity of USD 181.01 million in the year 2020 as compared to the previous year. Further, the segment is also expected to achieve an absolute $ opportunity of USD 2002.19 million by growing at 1.74x during the forecast period.

Environmental Testing image


Environmental Testing Market Graph
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Market Drivers and Challenges

Growth Indicators

Growing Stringent Regulations for the Environment

Ever since the first major environmental regulations were enacted in the 1970s, there have been concerns about their potential impacts on businesses. Environmental regulations have greatly improved air and water quality, especially in areas that were the dirtiest before regulation.The Environmental Protection Act authorizes the government to control and reduce pollution from all sources, protect and improve environmental quality, and prohibit or restrict the setting and/or operation of any industrial facility on environmental grounds. Environmental impact assessments examine the potential consequences under specific scenarios of the results of an action. On the other hand, development of the Environmental Democracy Index (EDI), which is an online platform that tracks and scores the progress of 70 countries in enacting national laws to promote transparency, accountability and citizen engagement in environmental decision making is further raising awareness for the environment.

Top 5 countries

Growing Concern for the Impact on Health Owing to Pollution

Urbanization and industrialization along with the economic development have led to the increase in energy consumption and waste discharges. Environmental pollutants have various adverse health effects,such as, perinatal disorders, infant mortality, respiratory disorders, allergy, malignancies, cardiovascular disorders, increase in stress oxidative, endothelial dysfunction, mental disorders, and various other harmful effects. The increasing concern amongst individuals for such harmful diseases on the back of the increasing pollution worldwide is anticipated to drive the need for environmental testing, which in turn will drive the market growth.

Barriers

High Cost of Test and Equipment

Environmental testing procedures cost extremely high. The extensive sample preparation requires the laboratory analysts to use advanced testing technologies. The instruments used in environmental testing such as RT-PCR testing, mass spectrometers and molecular spectroscopy productsare extremely costly and also require highly skilled person to conduct and operate testing procedures. Such factors are anticipated to hinder the growth of the global environmental testing market.


Environmental Testing image

Key Questions Answered in the Report

1) What are the major factors driving the growth of the Environmental Testing market?

Ans: Growing stringent regulations for the environment, is one of the major factors that is driving the growth of the market.

2) What would be the CAGR of Environmental Testing market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 7.07% over the forecast period, i.e. 2020-2028.

4) Which region will provide more business opportunities for growth of Environmental Testing market in future?

Ans: The market in Europe is anticipated to display significant business opportunities in the future.

5) Who are the major players dominating the Environmental Testing market?

Ans: The major players in the market are Intertek Group PLC, bioMérieux SA, Eurofins Scientific, Microbac Laboratories, Inc., R J Hill Laboratories Limited, Symbio Laboratories, SGS SA, AB Sciex Pte. Ltd., and Suburban Testing Labs.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What can be the significant growth opportunity for the product segment in the environmental testing market?

Ans: The bio-testing/pathogen testing segment, which is a sub-segment of the product segment, held the largest market share of 27.62% in the year 2019 and is anticipated to display significant growth opportunity.

8) What are the restraining factors for the market?

Ans: High cost of test as well as for the equipment required by laboratory analysts is one of the major factors anticipated to act as a barrier towards the growth of the global environmental testing market.

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