Apr 21, 2022   SOURCE: BusinessWire

Global Water Testing Market Growth, Trends, and Forecasts Report 2022-2027, Featuring Profiles of SGS, Eurofins Scientific, Neogen, Intertek and NSF International - ResearchAndMarkets.com

The "Water Testing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The Global Water Testing Market is projected to register a CAGR of 7.33% during the forecast period (2022 - 2027).

The COVID-19 pandemic has a significant impact on the global water testing market as the outbreak has affected the consumer lifestyle and has also increased the chances of spreading coronavirus. Thus, the water and supply chain industries are influenced as consumers are more concerned regarding the security and safety of the water-based products.

Over the long term, in the developing countries like India, owing to the increasing consumer awareness, they are expecting the consumable water to be safe and of high nutrition value. The rise in consumption of bacteria and chemical free water is driving the demand for water testing equipment's across the globe.

Rising water borne disease such as typhoid, dysentery, cholera is playing the major role in the market growth. According to World Health Organization (WHO) approximately 11 to 20 million of individual across the globe are suffering from typhoid every year and that number is expected to rise. Around 1.7 billion of world population do not have access to drinkable water which is expected to be one of the key drivers for the market in forecasted period.

The increasing regulatory support and legislation for high standard maintenance of food and beverage products, pharmaceuticals and other industries, are further increasing the application of chemically tested water.

Key Market Trends

Growing Consumer Interest in Water Safety and Quality

The rising number of waterborne disease outbreaks, adulteration cases, and toxicity have increased the threat to water safety. According to Centres for Disease Control and Prevention (CDCP), diseases spread through water has affected over 7 million people in the United States every year. In addition, waterborne diseases are responsible for many different types of illnesses including respiratory illnesses, neurological illnesses, skin problems, gastrointestinal illnesses, and bloodstream infections.

Also, people are infected by waterborne germs not just when they drink water, but also when they breathe in contaminated water droplets or when water gets in their ears or nose. With the rising disease incidences and awareness about waterborne diseases across the world, the current water safety testing market is shifting toward rapid microbiological tests. Growing consumer interest in water quality has propelled high technological advancements, thereby driving the water safety testing market in both developing and developed countries. Enhanced surveillance and detection methods have also contributed to the growth of water safety testing scenarios, specifically in developed economies.

Asia-Pacific Witnessed a Significant Market Growth

The government of the developing countries like India and China are imposing stringent government regulations on the usage of water in various food & beverage products and is, therefore, posing as a barrier to entry for companies producing food, beverage, pharmaceutical products, where the application of the tested water is the highest. The government wants these companies to set up the water testing equipment in their factories and test the water according to the fixed norms. The rising health awareness and supportive efforts by the government for ensuring water safety both for consumption and industrial purposes has given a boost to the market over the last few years. Moreover, the increasing contamination of water on account of rising urban waste and climatic changes is a serious cause of concern which has increased the water testing requirements over the years in Asia-Pacific market.

Competitive Landscape

Key players are focusing on the expansion of facilities and product portfolio, due to the growing demand for tested water. Some of the major key players in the water testing market, globally includes SGS SA, Eurofins Scientific, Intertek Group plc, Merieux NutriSciences, TUV SUD, ALS Limited, among others.

The companies compete on different factors, including service offerings, geographical reach, and improved technologies, in order to gain competitive advantage in the market. Eurofins, being one of the leader in the water testing market, has a wide range of services provided for water tests, such as drinking water testing, ground water testing, waste water testing, process and cooling water testing, offshore drinking water safety, and legionella testing, among others.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

5 MARKET SEGMENTATION

5.1 By Test Type

5.1.1 Physical Test

5.1.2 Chemical Test

5.2 By Technology

5.2.1 HPLC-based

5.2.2 LC-MS/MS-based

5.2.3 Immunoassay-based

5.2.4 Other Technologies

5.3 Geography

6 COMPETITIVE LANDSCAPE

  • SGS S.A.
  • Eurofins Scientific
  • Intertek Group PLC
  • Merieux NutriScience
  • TUV S
  • ALS Limited
  • UL, LLC
  • Neogen Corporation
  • NSF International
  • Set Point Laboratories

     

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 IMPACT OF COVID-19 ON THE MARKET

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