Testing Inspection and Certification Market Analysis

End-user (Consumer Goods & Retail, Agriculture & Food, Healthcare & Medical Sciences, Chemicals, Oil & Gas, Manufacturing)

The global testing, inspection, and certification market is segmented and analyzed for demand and supply by industry into consumer goods & retail, agriculture & food, healthcare & medical sciences, chemicals, oil & gas, manufacturing, and others. Out of the seven industries using testing, inspection, and certification, the healthcare & medical sciences segment is estimated to gain the largest market share in the year 2037. The growth of the segment can be attributed to the rising need for bioanalytical testing services and for ensuring the safety of medical devices and equipment. Companies are collaborating to enhance the launching of testing, inspection, and certification services for medical equipment and pharmaceutical. To increase its capacity for biopharmaceutical analytical testing, SGS SA bought Quay Pharma, a pharmaceutical R&D organization, in December 2021. Moreover, the segment growth was further boosted by the onset of COVID-19, and demand for equipment was propelled.

Service Type (Testing, Inspection, Certification)

The global testing, inspection, and certification market is also segmented and analyzed for demand and supply by service type into testing, inspection, and certification. Amongst these three segments, the certification segment is expected to garner a significant share in the year 2037. Organizations can display a mark of recognition on their product or issue a certificate showing the product's compliance with predetermined standards by applying for product certificates or licenses from certification bodies. The growth of the segment growth is primarily ascribed to the launch of various certifications by private companies. For instance, in August 2020, SGS introduction of remote FSMA certification audits, the certification enables sustainability in the world's food supply chain and expands the company's portfolio of compliance services that are ready for remote COVID situations. SGS has used modern information and communications technology in the FSMA certification.

Our in-depth analysis of the global market includes the following segments: