Exploring the Global Landscape of Laboratory Proficiency Testing: Regional Insights and Market AnalysisPosted by snehal shaha on September 8th, 2023 The growth of laboratory proficiency testing market is primarily driven by factors such as it forms an essential precondition for operational excellence and accreditation in several industries. Also, the increasing number of laboratory accreditations, stringent safety and quality regulations for food and pharmaceutical products and the increasing focus on water testing are the other major factors supporting market growth. The growth of the pharmaceutical proficiency testing market is driven by Stringent quality control in the production of pharmaceutical products, Growth of the pharmaceuticals market, Surge in the generics market, and Emerging biosimilars market while the major restraining factor is Cost and time-intensive drug manufacturing process. The global laboratory proficiency testing market is projected to reach USD 1.4 billion by 2026 from USD 1.0 billion in 2021, at a CAGR of 6.4%. Download PDF Brochure: -https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144227949 MARKET DYNAMICS 1 MARKET DRIVERS 1.1 Proficiency testing is an essential precondition for operational excellence 1.2 Stringent safety and quality regulations for food and pharmaceutical products 1.3 Increasing focus on water testing 2 MARKET RESTRAINTS 2.1 Requirement of high-capital investments for accurate and sensitive testing 3 MARKET OPPORTUNITIES 3.1 Technological advancements in the testing industry 3.2 Growth opportunities in emerging countries 4 MARKET CHALLENGES 4.1 Need for proficiency testing scheme harmonization 4.2 Logistical and data interpretation challenges 4.3 Dearth of skilled professionals Market Segmentation: Based on industry, the laboratory proficiency testing market is segmented into clinical diagnostics, food & animal feed, pharmaceuticals, microbiology, environmental, water, biologics, commercial beverages, cannabis/opioids, cosmetics, dietary supplements, and nutraceuticals. Based on technology, the global laboratory proficiency testing market has been segmented into spectrophotometry, chromatography, PCR, immunoassays, cell culture, and other technologies. The cell culture segment accounted for the largest share of the market in 2020. Regional Analysis: The laboratory proficiency testing market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share in the market.
2. Europe:
3. Asia-Pacific:
4. Latin America:
5. Middle East and Africa:
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Top Key Players: - The prominent players in the laboratory proficiency testing market are LGC Limited (UK), American Proficiency Institute (US), College of American Pathologists (US), Bio-Rad Laboratories (US), Randox Laboratories (UK), Merck (Germany), Fapas (Fera Science Ltd.) (UK), Waters Corporation (US), Weqas (UK), AOAC INTERNATIONAL (US), BIPEA (France), NSI Lab Solutions (US), Absolute Solutions (US), Trilogy Analytical Laboratories (US), Advanced Analytical Solutions (US), American Industrial Hygiene Association (US), Matrix Sciences (US), Aashvi Proficiency Testing & Analytical Services (India), and Global Proficiency (New Zealand). In summary, the laboratory proficiency testing market is driven by the increasing importance of quality assurance, regulatory requirements, and technological advancements. As industries continue to evolve and require more accurate and reliable testing, the demand for proficiency testing services is expected to grow across various sectors. Like it? Share it!More by this author |