PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320138
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320138
Water Testing Market size was valued at USD 4,124.2 Million in 2022, expanding at a CAGR of 5.7% from 2023 to 2030.
Water testing involves a comprehensive assessment of dissolved substances in water, including the measurement of pH levels and detection of suspended solids. A typical test for drinking water includes evaluating both microbiological and chemical quality to determine the presence of fecal contamination and various chemical species in the water. This thorough examination provides crucial insights into the overall quality and safety of the water being tested. By analyzing these parameters, the water testing process aims to ensure that water meets the required standards for human consumption and minimize potential health risks associated with microbial or chemical contamination.
The global demand for water testing equipment is being driven by the increasing consumption of bacteria- and chemical-free water. There is a growing awareness among individuals and communities about the importance of safe and clean water, which has led to a surge in the need for water testing equipment worldwide. Furthermore, the rise in water-borne diseases, such as typhoid, dysentery, and cholera, has played a significant role in boosting the market growth. According to the World Health Organization (WHO), millions of people die annually from diarrheal diseases caused by poor hand hygiene, sanitation, and contaminated drinking water.
The increasing number of waterborne disease outbreaks, cases of adulteration, and instances of water toxicity pose a significant threat to water safety. According to the Centers for Disease Control and Prevention (CDCP), waterborne diseases affect millions of people in the United States each year, leading to various illnesses such as respiratory problems, neurological disorders, skin issues, gastrointestinal ailments, and bloodstream infections. As a result, the demand for water testing equipment continues to rise, driven by the urgent need to ensure water safety and prevent the spread of waterborne diseases.
The Global Water Testing Market is segmented on the basis of Test Type, Technology, and Region.
The market is divided into three categories based on Test Type: Physical Test, Chemical Test, and Microbiological Test. In 2023, the microbiological test is anticipated to capture a significant market share. Microbiological tests focus on assessing the presence and levels of microorganisms, including bacteria, viruses, and parasites, in the water. These microorganisms can pose significant health risks to humans if consumed or exposed to. Therefore, microbiological tests play a crucial role in determining the microbiological quality and safety of the water. Microbiological tests are especially important for assessing the presence of pathogens that can cause waterborne diseases such as typhoid, cholera, and dysentery. By detecting and quantifying these microorganisms, water testing laboratories and authorities can ensure that water meets the required microbiological standards for safe human consumption
The market is divided into four categories based on Technology: HPLC-based, LC-MS/MS-based, Immunoassay-Based, and Other Technologies. Among these sectors, HPLC-based is projected to hold the largest share and experience significant growth during the forecast period due to their high sensitivity, selectivity, and ability to detect and quantify a wide range of organic compounds, including pollutants and contaminants
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
The market players are actively pursuing expansion strategies and enhancing their product portfolios to cater to the increasing demand for water testing services. Competition among these companies revolves around various factors, including the range of services offered, geographical coverage, and advancements in technologies to gain a competitive edge in the market. Moreover, players in the market also provide additional services such as shelf-life testing, residue and contaminant analysis, and microbiological testing of water, further enriching their service offering
In September 2022, SGS Group inaugurated two new geochemistry facilities in Australia and south Wales, dedicated to sample preparation and testing. This strategic expansion significantly boosts the company's testing capacity in these regions, allowing them to better serve their clients and meet the growing demand for geochemical analysis.
In February 2021, The SGS laboratory in Lakefield, Ontario, Canada, commenced quantitative wastewater testing for SARS-CoV-2 viral RNA. This innovative testing service addresses the challenges of delays in human testing and result delivery. By analyzing wastewater, which can provide early detection of viral presence, up to 7 days' advance notice of an outbreak can be gained. This testing method can be applied at the community level, examining inflow from wastewater treatment plants or individual buildings in healthcare, industrial, workplace, or university settings.