Testing and Analysis Services Market Size, Share, Trends, Growth, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Testing and Analysis Services Market size surpassed at US$ 21.9 billion in 2019 and is projected to grow at a CAGR of 7.2% from 2020 to 2027.

The global testing and analysis services market size is projected to surpass around US$ 27.9 billion by 2027, International standards and regulations have been a major driver of the testing and analysis services market during the forecast period.


  • The testing and analysis services industry facilitates large volumes of samples, making it a multi-billion dollar industry. Testing and analysis services in this dynamic industry are expected to be compliant with regulatory changes as well as spikes in demand. Thorough testing of various products, raw materials, and other commodities are essential to reduce the risk of failure, increase safety, regulatory compliance, and to minimize ?nancial losses resulting from any such events. Hence, testing services in any industry is essential before the products are market ready.
  • Even in times of drastic cost cutting across the globe, most of the manufacturers continue to spend large sums on testing and analysis services in order to maintain quality of the products. These companies inevitably invest in testing to support product development, quality assurance, and safety compliance.
  • The testing analytical services market comprises companies that help businesses to manufacture, conduct research & development, maintain a streamline of quality products, and validate and execute regulatory compliance that range from routine to highly complex programs

High Capital Requirements to Hamper Market

  • High capital requirement is one of the major challenge for companies operating in the industry, especially for new market entrant and small size companies. A testing services company usually requires multiple instruments and well trained staff to run business efficiently.
  • The instruments may cost in excess of US$ 200,000 even for a small setup. Additionally, other costs such as consumables, premises, and staff would incur significant investment. Depending on the setup and up-front investment, the companies require large capital to sustain the business; a major restrain for small startup business.

Manufacturing Migration and Short Product life Cycle

Higher value-added manufacturing (chemicals, biopharmaceuticals, medical devices, and precious commodities) continues to do reasonably well in most of the developed regions. However, manufacturing of general consumable goods, food, and other commodities has moved to emerging countries in the last decade due to high cost. Although manufacturing migration has little to moderate effect on large companies, it has opened new avenues of income for small companies in the region. Countries such as Vietnam, India, China, Brazil, and Mexico are picking up quite a bit of that work because labor costs are extremely low and these countries have easy access to the global market. Business operations in these countries would help increase revenue as well as brand recognition. Additionally, expanding business in these countries is cheap compared to western countries. Hence, risk on return on investment would be minimal.

Global Trade is a Major Driver of Growth due to its Correlation to the Size of Testing Volumes

  • Products are now not confined to any specific geography, instead these are available across the globe with international standards. Global trade has increased test volume multiple times as products require to adhere to local and international standards.
  • Global trade has maximized the opportunities for international testing services companies, especially in Europe. Large testing services companies have benefitted the most from global trade as multinational manufacturers stick to same service providers in different geographies.

Oil and Gas Samples Segment to Dominate Market

  • Based on sample type, the global testing and analysis services market has been divided into Water, Soil (Manure and Air), Sediment, Clay minerals, Metal Alloys, Biological Sample, Food/Beverage, Chemical Products, Corrosion Products, Oil , Gas and Fluids, Minerals and Ores
  • Oil and gas samples accounted for the largest share of the global elemental analysis market in 2019 due to high demand for due to presence of large number of small and medium food companies which outsource most of the testing services. In addition, it is estimated that the increase in the disposable income and hence increase demand for packaged food would double the size of current food testing market by 2027.
  • Moreover, the food and beverage segment is likely to expand at the highest rate from 2019 to 2027 due to increasing awareness among people about food safety and rising demand for quality food among people globally
  • On the other hand, rising regulatory compliance pertaining to elemental analysis for various samples is expected to hamper market growth during the study perio

Elemental Analysis to be Highly Lucrative Segment

  • The testing and analysis services market comprises hundreds of tests for qualitative and quantitative measures of products
  • Based on type of analysis, the market has been segmented into nine major categories. Furthermore, each category has been divided into subcategories based on closely related analysis/tests.
  • The major analysis/testing type categories include elemental analysis, organic analysis, isotopic analysis, particle size analysis, mineralogical analysis, metallurgical analysis, petroleum and petrochemical tests, biochemical analysis, and others.

Food and Beverage Industry to Dominate Global Market

  • Testing and analysis services are an important part of several industries including food and beverage, environmental, pharmaceutical and medical devices, energy, and mining and minerals. Analysis services in these industries include testing materials for suitability and strength, environmental, food quality and quantification, chemical and composition analyses of broad categories of products, and several other exclusive and non-exclusive testing services.
  • Industries involved with food production or pharmaceutical manufacture, for example, rely heavily on tests to ensure that their products meet health and safety standards. In the case of pharmaceutical manufacture, testing is also essential to ensure that the product works in the way it is supposed to.
  • Food and beverage manufacturers are under pressure to deliver quality products due to growing dominance of private companies and increased competition from players in the emerging markets. This has increased the importance of food testing services. Additionally, regulations and industry requirements for quality and traceability are tightening, with greater demand for scientific verification of product claims and safety of product ingredients.
  • The food and beverage industry is one of the major contributors to growth of the testing and analysis services market and has historically witnessed consistent growth

North America to Dominate Global Market

  • In terms of region, the global testing and analysis services market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global testing and analysis services market in 2019, followed by Europe.
  • North America accounted for the largest share of the global elemental analysis services market in 2019, followed by Europe. The dominance of these two regions is attributed to growing demand for technologically advanced elemental analysis services and financial capability of SMEs to avail and afford expensive services (elemental).
  • However, Asia Pacific is likely to witness the highest CAGR during the forecast period from 2019 to 2027. Rising disposable income, rapid urbanization, increase in health care infrastructure, and distribution and partnership strategies adopted by the players support market growth in the region.

Competitive Landscape

  • The global Testing and Analysis Services market is fragmented in terms of number of players. Key players in the global market include ALS Limited, Activation Laboratories Ltd., EAG Inc., Element Materials Technology, Elemental Analysis, Inc., Galbraith Laboratories, Intertek Group plc, Eurofins Scientific Group., Maxxam, Acuren, Laboratory Testing Inc., Lucedeon Limited, Micro Analysis, Inc., Midwest Microlab, LLC, NSL Analytical Services, Inc. , Particle Technology Labs, SGS SA, Solvias AG, Exeter Analytical (UK) Ltd., among others

Market Segmentation

By Sample Type

    • Water
    • Soil (Manure and Air)
    • Sediment
    • Clay minerals
    • Metal Alloys
    • Biological Sample
    • Food/Beverage
    • Chemical Products
    • Corrosion Products
    • Oil , Gas and Fluids
    • Minerals and Ores

By Type of Analysis

    • Elemental Analysis
    • Organic Analysis
    • Isotopic Analysis
    • Particle size analysis
    • Mineralogical Analysis
    • Metallurgical Analysis
    • Petroleum Petrochemical
    • Biomedical and Biopharmaceutical Analysis
    • Others

By Industry

    • Food & Beverage
    • Pharmaceutical, Medical Devices
    • Environmental
    • Energy (Oil & Gas)
    • Mining & Minerals
    • Chemical & Commodities
    • Heavy Industry

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific          
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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