Laboratory Proficiency Testing Market Size, Share and Demand 2032

Laboratory Proficiency Testing Market Insights

Zion Market Research has published a report on the global Laboratory Proficiency Testing Market, estimating its value at USD 1264.3 Million in 2023, with projections indicating that it will reach USD 2423.96 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.5% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Laboratory Proficiency Testing Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Laboratory Proficiency Testing Market: Overview

Laboratory proficiency testing enhances lab performance. It determines individual performance through comparison of the results derived from myriad labs. Furthermore, various tests that are utilized for improving lab proficiency are PCR, chromatography, cell culture, and immunoassays. Moreover, these tests are carried out for pyrogen microbial testing, pathogen testing, and endotoxin testing. In addition to this, laboratory proficiency testing is massively utilized in production of generic & biosimilar medicines. It helps in eliminating chemical residual solvents in prescribed drugs.

Laboratory Proficiency Testing Market: Growth Drivers

Massive use of lab proficiency testing devices due to strict enforcement of laws as well as rising focus on diagnostic lab testing activities owing to widespread of COVID 19 pandemic will drive market trends. In addition to this, surge in the number of proficient testing tools introduced by major participants is set to steer expansion of laboratory proficiency testing market over forecast period.  

Large-scale utilization of these tests ensures the accuracy and exactness of identification of new coronavirus and this will embellish expansion of laboratory proficiency testing market size. Apparently, outbreak of foodborne sickness owing to intake of unhealthy & unhygienic consisting of various kinds of bacteria and chemical ingredients will steer industry growth during the assessment timeline.

Furthermore, growing need for water testing for checking proportion of pollution will increase laboratory proficiency testing market earnings. In addition to this, Necessity of improving quality of food & drugs as well as water quality will further expand scope of laboratory proficiency testing market over the forecasting years. Apart from this, inflating popularity of packaged foods along with massive use of automated devices for proficiency testing in labs will promulgate market expansion in the years to come.

Laboratory Proficiency Testing Market: Report Scope

Laboratory Proficiency Testing Market: Regional Landscape

North American Laboratory Proficiency Testing Market To Accrue Major Rewards By 2032

The regional market growth over the assessment period is due to presence of key participants in the countries such as the U.S. Apart from this, massive use of proficiency testing in labs in countries such as Canada and the U.S. will contribute majorly towards regional market revenue in the upcoming years. Easy availability of skilled lab technicians and supporting legislations will exponentiate expansion of laboratory proficiency testing market in North America over the predicted timeline.

Laboratory Proficiency Testing Market: Competitive Landscape

Some of the leading players in the global market include

• Bipea
• Absolute Standards Inc.
• Bio-Rad Laboratories
• NSI Lab Solutions
• Merck
• QACS
• AOAC
• Phenova Inc.
• LGC Limited
• Advanced Analytical Solutions LLC
• FAPAS
• Randox Laboratories
• College of American Pathologists 
• Waters Corporation.

The global Laboratory Proficiency Testing Market is segmented as follows:

By Industry

• Pharmaceuticals
• Microbiology
• Clinical Diagnosis

By Technology

• Cell Culture
• Immunoassays
• Spectrometry
• PCR
• Chromatography

By End-Use

• Hospitals
• CROs
• Academic Research Institutes
• Diagnostic Labs

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa