The Latin America, Middle East and Africa Testing, Inspection and Certification (TIC) Market is projected to witness market growth of 7.2% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Testing, Inspection and Certification (TIC) Market by country in 2023, and is projected to continue to be a dominant market till 2031; thereby, achieving a market value of $6.34 billion by 2031. The Argentina market is showcasing a CAGR of 8% during 2024-2031. Additionally, the UAE market would register a CAGR of 6.8% during 2024-2031.
The pharmaceutical and healthcare industries rely heavily on TIC services to maintain high safety and efficacy standards. For biocompatibility testing, clinical research, electromagnetic compatibility (EMC) testing, wireless/telemedicine testing services, etc., testing, inspection, and certification services are widely used in the medical devices business.
Moreover, these services guarantee the quality and safety of medical gadgets. Businesses need certifications from accreditation bodies to offer certificates to their clients for medical devices, testing, inspection, and certification.
The diverse economic landscape across LAMEA nations creates unique demands for TIC services tailored to specific regional needs. The region's focus on improving product quality, safety, and compliance with international standards further boosts the demand for TIC services. Brazil’s large agricultural sector requires rigorous testing and certification to ensure food products' safety and quality for domestic consumption and export.
Based on Service Type, the market is segmented into Testing, Inspection, and Certification. Based on Sourcing Type, the market is segmented into In-house and Outsourced. Based on Application, the market is segmented into Consumer Goods & Retail, Agriculture & Food, Chemicals, Infrastructure, Manufacturing, Medical & Lifesciences, Mining, Oil & Gas, Automotive, Public Sector, and IT, Telecom & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Testing, Inspection and Certification (TIC) Market by country in 2023, and is projected to continue to be a dominant market till 2031; thereby, achieving a market value of $6.34 billion by 2031. The Argentina market is showcasing a CAGR of 8% during 2024-2031. Additionally, the UAE market would register a CAGR of 6.8% during 2024-2031.
The pharmaceutical and healthcare industries rely heavily on TIC services to maintain high safety and efficacy standards. For biocompatibility testing, clinical research, electromagnetic compatibility (EMC) testing, wireless/telemedicine testing services, etc., testing, inspection, and certification services are widely used in the medical devices business.
Moreover, these services guarantee the quality and safety of medical gadgets. Businesses need certifications from accreditation bodies to offer certificates to their clients for medical devices, testing, inspection, and certification.
The diverse economic landscape across LAMEA nations creates unique demands for TIC services tailored to specific regional needs. The region's focus on improving product quality, safety, and compliance with international standards further boosts the demand for TIC services. Brazil’s large agricultural sector requires rigorous testing and certification to ensure food products' safety and quality for domestic consumption and export.
Based on Service Type, the market is segmented into Testing, Inspection, and Certification. Based on Sourcing Type, the market is segmented into In-house and Outsourced. Based on Application, the market is segmented into Consumer Goods & Retail, Agriculture & Food, Chemicals, Infrastructure, Manufacturing, Medical & Lifesciences, Mining, Oil & Gas, Automotive, Public Sector, and IT, Telecom & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- SGS S.A.
- Bureau Veritas S.A.
- Intertek Group PLC
- Eurofins Scientific SE
- TÜV Rheinland AG
- Applus+ Group
- TÜV Nord Group
- DEKRA SE
- TÜV SUD
- DNV AS
Market Report Segmentation
By Service Type
- Testing
- Inspection
- Certification
By Sourcing Type
- In-house
- Outsourced
By Application
- Consumer Goods & Retail
- Agriculture & Food
- Chemicals
- Infrastructure
- Manufacturing
- Medical & Lifesciences
- Mining, Oil & Gas
- Automotive
- Public Sector
- IT, Telecom & Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Testing, Inspection and Certification (TIC) Market by Service Type
Chapter 6. LAMEA Testing, Inspection and Certification (TIC) Market by Sourcing Type
Chapter 7. LAMEA Testing, Inspection and Certification (TIC) Market by Application
Chapter 8. LAMEA Testing, Inspection and Certification (TIC) Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- SGS S.A.
- Bureau Veritas S.A.
- Intertek Group PLC
- Eurofins Scientific SE
- TÜV Rheinland AG
- Applus+ Group
- TÜV Nord Group
- DEKRA SE
- TÜV SUD
- DNV AS
Methodology
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