Consumer Focus on Safety Enhancing Laboratory Testing Market: companiesandmarkets.com

• Globalization driving the laboratory testing market
• Laboratory testing market changes in line with evolving consumer concerns
• Test categories include: Chemical, Physical and Analytical

LONDON--(BUSINESS WIRE)-- Interest in food safety, enhanced regulations and legislation, and globalization are all contributing to the growth of the global testing laboratories market, which is anticipated to achieve a value of $77 billion by 2017, according to a new report on companiesandmarkets.com.

Testing Laboratories: A Global Strategic Business Report

http://www.companiesandmarkets.com/Market-Report/testing-laboratories-a-global-strategic-business-report-618131.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2

The developed regions have seen a significant increase in the number and size of testing laboratories in recent years, due to an influx of demand for product testing. The sourcing and distribution industries have expanded globally, and consumers are keen to know that their products and foodstuffs are safe to use or consume, and are increasingly seeking verification in the form of certificates or regulatory approval. Europe represents the largest laboratory testing market, followed by the US. It is the Asia-Pacific countries which are driving growth, at an anticipated rate of 9% p/a.

Additional growth drivers include the sheer volume of items which need testing, the requirement by many industries for product liability insurance, and the need for large companies to conduct independent testing to back up in-house results.

The testing laboratories market is reliant on commercial and public sector research and development expenditure. Growth in larger labs has resulted from the need to provide a range of services, while smaller labs have honed their focus on niche skills. Partnerships and alliances with major organisations is a notable recent trend.

In total, 49 companies are profiled in the laboratory testing report, including: Underwriters Laboratories Inc; ELCA Laboratories; GeneScan Europe AG; Landauer Inc; National Technical Systems Inc; Intertek Group; Retlif Testing Laboratories Plc; Bureau Veritas Group; GEO Laboratory Testing Services Ltd; Eurofins Scientific Group; MET Laboratories Inc; Geotechnical Engineering Ltd; American Industrial Testing Services; Food Analytical Laboratories Ltd; NGC Testing Services and Foodtest Laboratories Ltd.

The report comprises 265 pages of research on the testing laboratories market, including historic and forecast data (2003-2017). Broken down by geography - Asia Pacific, Canada, Europe, Japan, US and Rest of World, it also includes analysis of the types of testing laboratories, industry activity, market drivers/barriers; regulations and other influencing factors.

Report Details:

http://www.companiesandmarkets.com/Market-Report/testing-laboratories-a-global-strategic-business-report-618131.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2

Paul ChapmanPress OfficeCompaniesandmarkets.com
[email protected]
London (UK): +44-(0)-203-086-8600

Source: Companies and Markets