Enteric Disease Testing Market

Market Leaders : SGS SA (Switzerland) and Eurofins Scientific (Luxembourg) are investing in offering Innovative Solutions in Enteric Disease Testing Market

The market for enteric disease testing is estimated to be USD 1.8 billion in 2021; it is projected to grow at a CAGR of 6.0% to reach USD 2.4 billion by 2026. The growth in the enteric disease testing market is attributed to the enforcement of stringent food safety regulations and effective monitoring of the same by the regulatory authority, increasing level of consumer awareness on food safety and availability of rapid technology with low turnaround time. Lack of infrastructural facilities, high cost of replacement parts, and lack of harmonization act as major restraints for the enteric disease testing market.

The enteric disease testing market is dominated by few globally established players such as SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia) and TÜV SÜD (Germany). These players have adopted growth strategies such as acquisitions, new product launches, and agreements to strengthen their presence in the global market.

To know about the assumptions considered for the study download the pdf brochure

SGS SA is engaged in the inspection, verification, testing, certification, and quality assurance services. The company has nine business segments—consumer & retail; agriculture food & life; oil, gas & chemical; minerals; industrial; government & institution; transportation; certification & business enhancement; and environmental health & safety. It offers enteric disease testing through its agriculture food & life segment. The company operates through a network of more than 2,400 offices and laboratories across Europe, the Middle East, the Americas, Africa, and the Asia Pacific. The company focuses on acquisitions and expansions as its key development strategy to maintain its market leader position and to strengthen its business in different segments. On June 2021, SGS announced the official opening of Its new food testing laboratory in Papua New Guinea, which would offer internationally recognized quality food testing manufacturing, hospitality, and retail market segments. There are many emerging opportunities, which are creating more competitors to the company such as, Eurofins (Luxembourg), Intertek (UK), and Bureau Veritas (France), among others.

Eurofins is an international group of laboratories that provide testing and support services to the pharmaceutical, food, environmental, agricultural, and consumer products industries and governments. The company capitalizes on a portfolio of 150,000 reliable analytical methods that enable it to offer services that characterize the safety, identity, purity, composition, authenticity, and origin of products & biological substances. It offers testing services through the following 13 divisions—food & feed testing, biopharma services, agroscience services, agro testing, clinical diagnostics, cosmetics testing, consumer product testing, forensic services, environmental testing, genomic services, medical devices, Eurofins technologies, and REACH services. It offers enteric disease testing services under its food & feed testing division.

Eurofins Scientific operates through 800 laboratories in 50 countries, and with such a strong global presence, the company can launch customized solutions for their customers and hence the company is identified as a strong player in the enteric disease testing market. The company’s business expansion continues to expand in North America and Europe, along with the focus on expanding and optimizing its laboratory network in the Asia Pacific region. The acquisition of Covance Food Solutions (US) in 2018 allowed the company to strengthen its geographic presence in the North American market.

Related Reports:

Enteric Disease Testing Market by Technology (Traditional and Rapid), End Use (Food (Meat, Poultry, Seafood, Dairy, Processed Foods, and Fruits & Vegetables) and Water), Pathogen Tested, and Region - Global Forecast to 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
FB 7970
RI Published ON
8/25/2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Enteric Disease Testing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved