Fear of contaminated water is no longer a trickle but a torrent driving a global surge in the water testing kit market. As disease outbreaks and pollution rise, stricter regulations and user-friendly tools are fueling this boom, with regions like India, battling high levels of untreated wastewater, seeing particularly robust demand.
NEWARK, Del., Dec. 13, 2023 /PRNewswire/ -- As per the latest analysis, the water testing kit market value is estimated to total US$ 1.9 billion in 2024. Over the forecast period, global water testing kit sales are set to rise at a CAGR of 5.4%, totaling a valuation of US$ 3.3 billion in 2034.
Water Testing Kit Market Research Coverage, 2024-2034:
Attribute | Details | ||
Estimated Market Value (2024) | US$ 1.9 billion | ||
Projected Market Size (2034) | US$ 3.3 billion | ||
Anticipated Growth Rate (2024 to 2034) | 5.4% CAGR | ||
Forecast Period | 2024 to 2034 | ||
Historical Data Available for | 2019 to 2023 | ||
Key Regions Covered | • North America • Latin America • Europe • South Asia • East Asia • Oceania • Middle East & Africa | ||
Key Countries Covered | • United States • Canada • Brazil • Mexico • Argentina • United Kingdom • Germany • Italy | • Russia • Spain • France • BENELUX • India • Thailand • Indonesia • Malaysia | • Japan • China • South Korea • Australia • New Zealand • Türkiye • GCC Countries • South Africa and North Africa |
Key Market Segments Covered | By Products Test Type Water Type End-user By Region | ||
Report Coverage | Market Forecast, Competition Intelligence, Market Dynamics and Challenges, Strategic Growth Initiatives | ||
Request Exclusive Sample Report: Water Testing Kits Market Strategic Insights https://www.futuremarketinsights.com/reports/sample/rep-gb-18676
Multiple factors are predicted to drive the growth of the water testing kit industry during the forecast period. These include rising waterborne diseases like typhoid and cholera, increasing health awareness, and advancements in water testing solutions.
Besides the health risks associated with contaminated drinking water, industrial wastewater's discharge into rivers threatens ecosystems and human health. The need for water testing kits becomes crucial in such cases, thereby fueling their demand.
For instance, it is estimated that 62.5% of wastewater is either untreated or only partially treated in urban India. This is prompting both households and industries to use water testing kits.
The growing concerns surrounding water quality and pollution across various sectors are expected to fuel the demand for water treatment kits. Similarly, implementing stringent water quality regulations will create growth prospects for water testing kits.
"Discharge of pollutant water from industry and commercial sectors and growing awareness about safe and drinking water issues are expected to propel sales of water testing kits globally through 2034," says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).
Key Takeaways from the Market Study
- The global market for water testing kits is set to total US$ 3.3 billion by 2034.
- Based on product, the portable water testing kits segment accounted for a value share of 56.3% in 2023
- By test type, the chemical tests category held a market share of 42.1% in 2023.
- By water type, potable water segment is set to grow at a 6.0% CAGR through 2034.
- By end-user, laboratory, and diagnostic centers segment is poised to exhibit a CAGR of 5.8%.
- North America held a global share of 32.7% in 2023.
- Demand in the United States is projected to rise at a 6.1% CAGR through 2034.
- China is poised to register a CAGR of 6.3% between 2024 and 2034.
Understand global, regional, and country-level parameters with growth opportunities, historical data (2019-2023), and forecasts (2024-2034). Buy this report today!
Who is Winning?
Market players focus on developing and offering innovative water testing kits to meet the diverse needs of customers. This includes the development of kits with improved accuracy, reliability, ease of use, and faster results.
Key water testing kit manufacturers are investing in research and development to enhance testing capabilities, expand the range of contaminants detected, and improve the overall user experience. They are also adopting strategies like partnerships and acquisitions to expand their footprint.
Recent developments:
- In March 2021, Lovivond launched new Water Safety Kits to identify safe drinking water.
Leading Manufacturer in Water Testing Kits Industry:
Key companies are focusing on improving water testing methods to detect contamination in drinking water. They are launching new products with user-friendly features. This will further boost the target market.
|
|
Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.
What Does the Report Cover?
Future Market Insights (FMI) offers a unique perspective and actionable insights on the water testing kit market in its latest study, presenting a historical demand assessment of 2019 to 2023 and projections for 2024 to 2034. The global water testing kit industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The research study is based on the product (portable water testing kits, test strips kits, and color disk kits), test type (physical tests, chemical tests, bacteriological tests, and radiological tests), water type (potable water, marine water, swimming pool water, pond water, sewage effluent, and cooling & boiling water) and end-user (laboratory and diagnostic centers, hospital clinic, research and academic institutes and others) across seven key regions of the world.
About Healthcare Division at Future Market Insights (FMI)
Future Market Insights (FMI) facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you to devise innovation-driven trajectories for your business. Know more about our sector coverage here.
About the Author:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
Explore FMI's Extensive Coverage in the Healthcare Domain:
- Respiratory Pathogen Testing Kits Market by Product, Infection/Symptom, Technology, End User & Region | Forecast 2023 to 2033. - Review and Request to Access the Sample Report.
- Market Survey on Fungal Testing Kits Market Covering Sales Outlook, Up-to-date Key Trends, Market Size and Forecast, 2023-2033. - Review and Request to Access the Sample Report.
- A Detailed Analysis of the Vitamin and Mineral Supplement Market by Vitamins and Minerals, from 2024 to 2034. - Review and Request to Access the Sample Report.
- Dental Hygiene Instrument Market Forecast by Periodontal Probes and Dental Handpieces from 2024 to 2034. - Review and Request to Access the Sample Report.
- Anti-fungal Therapy Market Forecast by Azoles, Polyene macrolides, and Others from 2023 to 2033. - Review and Request to Access the Sample Report.
- Antibiotic Drugs Market Forecast by Dermatological and Respiratory Infections from 2023 to 2033. - Review and Request to Access the Sample Report.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/sparkling-future-for-water-testing-market-to-reach-3-3-billion-as-concerns-over-dirty-water-rise--future-market-insights-inc-302013824.html
