Laboratory Testing Services in Canada
Over the five years to 2019, the Laboratory Testing Services industry in Canada has dealt with volatility in operating conditions. The industry consists of companies that perform tests on consumer products, industrial materials, energy resources and other goods, and it has grown during much of the five-year period. Increased regulation across several of the industry's downstream markets has driven demand for laboratory testing. However, while economic conditions have largely improved since the recession, research and development has declined, translating to less demand for laboratory testing services. Economic growth will have a positive effect on consumers and businesses. This growth will stimulate the development of new products and associated laboratory testing services to ensure safety and quality. Likewise, concerns regarding health and safety are expected to remain important to consumers, fuelling the need for more comprehensive regulation.
Companies in this industry perform physical, chemical and other analytical testing for commercial purposes. Such testing may occur in a laboratory or on-site where the product is manufactured or developed. Most results from industry-led tests are checked against government regulations and environmental, industrial and product standards. This industry excludes medical and veterinary testing labs.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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