Press release
Global Heavy Metal Testing Market Comprehensive Study: Forecasted Market Size And Growth Rate
Heavy Metal Testing Market Growth
The Business Research Company offers in-depth market insights through Heavy Metal Testing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The heavy metal testing market size has grown strongly in recent years. It will grow from $3.34 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increasing awareness of the health risks of heavy metal exposure, growing demand for food safety, growing focus on sustainability, growing demand for personalized medicine, .
The heavy metal testing market size is expected to see strong growth in the next few years. It will grow to $4.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing emphasis on environmental safety, growing industrialization, government initiatives, increasing demand for personal care and cosmetics products, growing demand for dietary supplements. Major trends in the forecast period include advancements in heavy metal testing, real-time and portable testing, increased automation, green testing practices.
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Market Segmentation:
The main types of metals included in heavy metal testing are arsenic, cadmium, lead, mercury and others. Arsenic or As, refers to a chemical element that exhibits properties of both metals and nonmetals and arsenic heavy metal testing plays a crucial role in safeguarding human health, identifying environmental contamination and ensuring compliance with safety standards and regulations related to arsenic exposure. The types of technologies used are ICP-MS (inductively coupled plasma mass spectrometry) and OES (optical emission spectroscopy), AAS (atomic absorption spectroscopy) heavy metal testing and others. These are used for environmental and industrial applications, which are used by various end users, including food, beverages, dietary supplements, animal feed, fats and oils and others.
Heavy Metal Testing Global Market Report 2023 provides data on the global heavy metal testing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The heavy metal testing market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Incidence Of Foodborne Diseases Propels Growth In The Heavy Metal Testing Market For Ensuring Food Safety
The increase in foodborne diseases is expected to propel the growth of the heavy metal testing market going forward. Foodborne diseases refer to illnesses caused by consuming contaminated food or beverages. Heavy metals in food can cause foodborne diseases when they contaminate food at elevated levels. Heavy metal testing is essential for identifying and keeping track of food contaminated with heavy metals. Determining the quantities of hazardous metals in different food categories helps prevent foodborne illnesses and ensure food safety. For instance, in December 2022, according to the European Food Safety Authority, an Italy-based independent agency for providing scientific advice on food and feed safety, nutrition and related issues, there were 4,005 foodborne outbreaks in 2021, an increase of 29.8% compared to 2020. The 27 EU Member States and Northern Ireland reported 32,543 human cases in 2021. Therefore, the increase in foodborne diseases is driving the growth of the heavy metal testing market.
Competitive Landscape:
Major players in the heavy metal testing market are Merck KGaA, Eurofins Scientific SE, SGS S.A., Bureau Veritas SA, Intertek Group PLC, Shimadzu Corporation, TUV SUD, Element Materials Technology Group Limited, Merieux NutriSciences Corporation, ALS Limited, LGC Limited, MTS Systems Corporation, Montrose Environmental Group Inc., Pace Analytical Services LLC, EMSL Analytical Inc., AsureQuality Ltd., Applied Technical Services Inc., Analytik Jena GmbH, Microbac Laboratories Inc, Consumer Product Testing Company Inc., Quicksilver Scientific Inc., OMIC USA Inc., General Mills Inc., Brooks Applied Labs LLC, Innerbody Research, IFP Institute for Product Quality GmbH, Alex Stewart International Corporation Ltd., BLC Chemical Testing, Advanced MicroAnalytical.
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Top Trend - Innovative Arsenic Sensors Enhance Heavy Metal Testing Solutions For Rapid Pollution Detection
Major companies operating in the heavy metal testing market are increasing their focus on introducing technological sensors for testing solutions to maximize their profits in the market. Sensors are used in heavy metal testing solutions to detect the presence and levels of toxic heavy metals in various substances. For instance, in February 2023, Palintest Ltd., a UK-based manufacturer of water analysis technologies, launched a range of brand-new arsenic sensors that can be used in its portable Kemio Heavy Metals and Kemio Multi testing solutions. The new sensors measure between 2 and 250 g/L and can detect both total arsenic and arsenic (III). Kemio sensor systems provide users with a safer testing method than other typical field-testing procedures, which include the use of hazardous chemicals such as mercury bromide. With Palintest's Kemio technology and arsenic sensors, Governments, water providers, NGOs and communities will be able to spot regions of arsenic pollution more rapidly, respond right away when dangerous levels are found and reduce risk
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Heavy Metal Testing Market Characteristics
3. Heavy Metal Testing Market Trends And Strategies
4. Heavy Metal Testing Market - Macro Economic Scenario
5. Heavy Metal Testing Market Size And Growth
…..
27. Heavy Metal Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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