Global Laboratory Proficiency Testing Market, By Industry Type (Clinical Diagnostics, Microbiology, Pharmaceuticals, Biologics, Cosmetics, Cannabis/Opioids, Food and Animal Feed, Commercial Beverages, Water, Environmental, Dietary Supplements, Nutraceuticals), Technology (Spectrophotometry, Chromatography, ELISA, PCR, Cell Culture, Immunoassays, Other), End-User (Hospitals, Contract Research Organizations, Pharmaceutical and Biotechnology Companies, Academic Research, Diagnostic Laboratories, Independent Laboratories, Speciality Laboratories), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Laboratory Proficiency Testing Market
The laboratory proficiency testing market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the laboratory proficiency testing market will project a CAGR of 6.80% for the forecast period of 2022-2029.
Laboratory proficiency testing is a type of testing that is carried out to ensure that individual laboratories perform as expected for specific tests or measurements. PCR, cell culture, immunoassays, chromatography, and other technologies are among the technologies used in laboratory proficiency.
The factors such as growth in the biosimilars market and increasing demand for the water testing are the major factors fostering the growth of the laboratory proficiency testing market in the forecast period of 2022 to 2029. Additionally, the growing demand for the packaged food products and the strict safety and quality regulations for food and pharmaceutical products are other important factors acting as laboratory proficiency testing market growth determinants. Moreover, the increasing number of cannabis testing laboratories are estimated to accelerate the overall growth of the market in the forecast period of 2022 to 2029. However, the high investment cost associated with the accurate and sensitive testing is supposed to hamper the market’s growth. The lack of skilled and trained professionals is also projected to impede the overall growth of the market.
Furthermore, the increasing popularity of ethnic food will further generate various profitable opportunities for the laboratory proficiency testing market. On the flip side, the challenges associated with the logistical and data interpretation might also pose as a major challenge for the market growth rate.
This laboratory proficiency testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on laboratory proficiency testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Laboratory Proficiency Testing Market Scope and Market Size
The laboratory proficiency testing market is segmented on the basis of industry type, technology and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on industry type, the laboratory proficiency testing market is segmented into clinical diagnostics, microbiology, pharmaceuticals, biologics, cosmetics, cannabis/opioids, food and animal feed, commercial beverages, water, environmental, dietary supplements and nutraceuticals. Pharmaceutical segment is further divided into branded/innovator drugs, OTC, generics, and biosimilars. The biologics segment is further divided into blood, vaccines and tissue. Clinical diagnostic is further segmented into routine chemistry, hematology, endocrinology, and other tests such as therapeutic drug monitoring, immunology testing, cytology testing, and genetic testing. Microbiology segment is further divided into sterility testing, endotoxin and pyrogen testing, pathogen testing, growth promotion testing and other microbial testing such as tests for antimicrobial susceptibility. Cosmetics segment is further segmented into tarce elements and other tests such as preservatives, formaldehyde, allergens, residual solvents, diethylene glycol, hydroquinone, and common contaminants. Cannabis/opioids segment is divided into pesticides, mold and bacteria and residual solvents. Food and animals feed segment is divided into dairy products, meat and meat products, eggs, fish, fat/oil, vegetable and fruits and other tests such as cereals and grains, confectionery products and condiments, and processed foods. Commercial beverage includes alcoholic beverage and non- alcoholic beverage.
- On the basis of technology, the laboratory proficiency testing market is segmented into spectrophotometry, chromatography, ELISA, PCR, cell culture, immunoassays and other.
- The end-user segment of the laboratory proficiency testing market is segmented into hospitals, contract research organizations, pharmaceutical and biotechnology companies, academic research, diagnostic laboratories, independent laboratories, speciality laboratories.
Laboratory Proficiency Testing Market Country Level Analysis
The laboratory proficiency testing market is analyses and market size, volume information is provided by industry type, technology and end-user as referenced above.
The countries covered in the laboratory proficiency testing market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the laboratory proficiency testing market and will continue to flourish its trend of dominance during the forecast period owing to the strict regulations associated with the laboratory operations and availability of many manufacturers within the region in the forecast period of 2022 to 2029. Asia-Pacific, on the other hand is expected to show lucrative growth due to the regulatory stringency regarding laboratory operations set up by authoritative bodies in the region.
The country section of the laboratory proficiency testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Laboratory Proficiency Testing Market Share Analysis
The laboratory proficiency testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laboratory proficiency testing market.
Some of the major players operating in the laboratory proficiency testing market report are LGC Limited, Randox Laboratories Ltd., Bio-Rad Laboratories, Inc., Merck KGaA, Waters Corporation., QACS, AOAC International, Weqas, BIPEA, NSI Lab Solutions, Absolute Standards Inc., TRILOGY ANALYTICAL LABORATORIES., Fera Science Limited (“Fera”)., ATCC, FLUXANA GmbH & Co. KG, and NEOGEN CORPORATION, among others.