Laboratory Testing Services in Canada - Industry Market Research Report

Laboratory Testing Services in Canada - Industry Market Research Report

Laboratory Testing Services in Canada

Over the five years to 2023, revenue for the Canadian Laboratory Testing industry has slightly declined due to periods of considerable volatility. The industry consists of companies that perform tests on consumer products, industrial materials, energy resources and other goods. COVID-19 disrupted normal testing activity, but business has partially bounced back since then. Revenue has slightly declined, falling at a CAGR of 0.2% to $2.6 billion over the past five years, though revenue will increase 0.2% in 2023 alone.

Operators in the Laboratory Testing Services industry in Canada 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.