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PFAS Testing Market Worth $121 Million | MarketsandMarkets
Based on the technique, over the forecast period of 2023-2028, the LC-MS-MS segment is to register a significant growth rate. The key factor encouraging the growth of this segment during the forecast period is the broad applicability of LC-MS-MS for testing of various applications such as environmental, food, and biofluids testing, rising number of contract testing labs using LC-MS-MS coupled with higher outsourcing from govt and industrial facilities for wastewater and potable water.
Based on application, the drinking water segment is estimated to hold the largest market share of the PFAS testing market during the forecast period. Increased regulations and legislations set forth by government organizations have triggered the drinking water testing, inspection, and certification of water samples by governments and manufacturing companies lead to a large share of this segment.
In 2023, Asia Pacific is expected to register the highest CAGR in the market for PFAS testing during the forecast period. Asia Pacific comprises China , India , South Korea , Taiwan , and Singapore , and the rest of Asia Pacific . Factors such as the increasing government emphasis on the strict implementation of pollution control strategies, rapid and large-scale industrialization, increasingly stringent environmental regulation policies, and the growing need to comply with safety regulations are driving the growth of the APAC PFAS testing market during the forecast period.
1. Greater regulatory emphasis on effective pollution monitoring and control
1. Stringent storage requirements for PFAS testing reagents and analytical standards
1. Regulatory agencies to control environmental pollution due to PFAS contamination
1. Inadequate supporting infrastructure and the shortage of skilled professionals
As of 2022, prominent players in PFAS testing are Merck KGaA ( Germany ), Agilent Technologies (US), LGC Limited (UK), Waters Corporation (US), Biotage ( Sweden ), AccuStandard, Inc. (US), PerkinElmer, Inc. (US), Thermo Fisher Scientific, Inc. (US), Phenomenex (US), MACHEREY-NAGEL GmbH & Co. KG ( Germany ), and Shimadzu Corporation ( Japan ), among others.
The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their market presence.
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