DUBLIN--(BUSINESS WIRE )--The "Global Testing, Inspection, And Certification Market, By Sourcing, By Application, By Industrial Vertical, & By Region - Forecast and Analysis 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Testing, Inspection, And Certification Market was valued at USD 212.18 Billion in 2021, and it is expected to reach a value of USD 274.94 Billion by 2028, at a CAGR of more than 3.75% over the forecast period (2022 - 2028).
Testing, inspection, and certification (TIC) services include audits and inspection, as well as testing, verification, quality assurance, and certification of products and equipment. These aid in enhancing manufacturing efficiency and reducing mistake by limiting risk. TIC services are used in the oil and gas business, the food industry, pharmaceuticals, the chemical industry, and other industries.
During the COVID-19 pandemic, the market is expanding owing to the use of modern technologies in the industrial, healthcare, and consumer electronics sectors, as well as the development of new services and solutions like as virtual inspections, visual inspection, and remote auditing.
TIC services are being used in pharmaceutical, diagnostics, medical devices, clinical research, and digital health applications, which have been in the forefront of the fight against the COVID-19 pandemic. Pharmaceutical firms are working on medications, antidotes, and vaccinations to combat the infection. Companies are even creating new test services to diagnose COVID-19 infection and cure patients. Various governments are investing vast sums on the treatment of their inhabitants as well as vaccine research and development.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Testing, Inspection, And Certification Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research.
This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900