The global heavy metal testing market was estimated at USD 2.57 Billion in 2018 and is projected to grow at a CAGR of 7.4% from 2019 to reach 4.51 Billion by the year 2026.

New York, NY -- (SBWire) -- 03/12/2021 --The major driving factors in heavy metal testing market are active involvement of government and regulatory bodies to monitor heavy metal levels in food & water and rising geriatric population and resultant growth in the need for cellular health screening

Market Size – USD 2.57 Billion in 2018, Market Growth - CAGR of 7.4%, Market Trends – Need for heavy metal testing in animal feed and increase in demand from emerging markets is one of the key opportunity

The global Heavy Metal Testing Market was estimated at USD 2.57 Billion in 2018 and is projected to grow at a CAGR of 7.4% from 2019 to reach 4.51 Billion by the year 2026. Heavy metals are defined as the element which has five times the specific gravity of the water. Majorly found heavy metals are cadmium, chromium, lead, mercury, nickel, zinc, and many more. Heavy metal testing is used for drinking water, wastewater, and industrial water testing, as well as in industrial applications. It is used in diverse industries such as chemicals, pharmaceuticals, food & beverage, automotive, and other industries.

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The competitive landscape of the market offers significant insight into the key market players operating in the Heavy Metal Testing market. The segment covers market share, product portfolio, pricing analysis, and strategic business decisions taken by each market player. The report also includes the strategic steps and initiatives undertaken by the companies to combat the impact of the pandemic. The major companies explored in the report are SGS, Intertek, Eurofins, TUV SUD, ALS Limited, Mérieux Nutrisciences, LGC Group, Asurequality, Microbac Laboratories, EMSL Analytical, IFP Institut Für Produktqualität, and Omic USA., and others.

The report offers a comprehensive study of the regional bifurcation of the market and provides insightful data about the regulatory framework, current and emerging market trends, opportunities, supply-demand ratio, production and consumption volume, and the import/export ratio in each region. It also evaluates the presence of each market player in the region and strategic initiatives taken by the companies to gain a robust presence in the region. The regional segmentation covers country-wise analysis of the market and includes:

- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The research report on the global Heavy Metal Testing market offers extensive analysis of the product spectrum and application scope of the business landscape. Based on the product type, the Heavy Metal Testing market is split into:

Heavy Metal Type (Revenue, USD Million; 2019-2026)

- Arsenic
- Cadmium
- Lead
- Mercury
- Others

Technology (Revenue, USD Million; 2019-2026)

- ICP-MS & OES
- Atomic Absorption Spectroscopy (AAS)
- Others

Sample (Revenue, USD Million; 2019-2026)

- Food
o Meat, Poultry, and Seafood
o Dairy Products
o Processed Food
o Fruits & Vegetables
o Cereals & Grains
o Nuts, Seeds, and Spices
o Others
- Water
o Drinking Water
o Wastewater
o Industrial Water
- Blood & Other Samples

Key findings of the report:

- Historical and current trends of the market
- Factors likely to influence the dynamics of the market
- Growth assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players including their market share, revenue contribution, and global position
- Growth strategies adopted by key market players to combat the impact of COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Heavy Metal Testing market
- Strategic recommendations to the established market players and emerging companies

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Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
Chapter 4. Heavy Metal Testing Segmentation & Impact Analysis
    4.1. Heavy Metal Testing segmentation analysis
    4.2. Heavy Metal Testing market impact analysis
          4.2.1. Market driver analysis
                  4.2.1.1. Growing Demand for Faster and Reliable Test Results
                  4.2.1.2. Growing Preferences for Onsite Testing
                  4.2.1.3. Growing Competition Leading to Increased R&D Activities
                  4.2.1.4. Globalization of Food Trade
          4.2.2. Market restraint analysis
                  4.2.2.1. Lack of Harmonization of Food Safety Regulations
          4.2.3. Market opportunities analysis
                   4.2.3.1. Need for Heavy Metal Testing in Animal Feed
                   4.2.3.2. Expansion in Emerging Markets
                   4.2.3.3. Launch of Cost-Effective Rapid Technologies for Faster and Reliable Test Results
                   4.2.3.4. Budget Allocation and Spending on Food Safety
          4.2.4. Market challenges analysis
                   4.2.4.1. Fraudulent Practices By the Local Players
                   4.2.4.2. Improper Sample Size & Collection
                   4.2.4.3. Lack of Affordability Due to High Costs of Testing Methods
    4.3. Regulatory framework
    4.4. Porter's Five Force Analysis
    4.5. Heavy Metal Testing PESTEL Analysis

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