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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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Extensive insights into the Growth of Environmental Testing Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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.

Market 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 imageMarket 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 countriesGrowing 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.

Competitive Landscape

Some of the affluent industry leaders in the global environmental testing 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.

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