Global Laboratory Proficiency Testing Market Report 2022, By Industry (Clinical Chemistry, Hematology), Food & Feed, Commercial Beverages and Technology (PCR)

Dublin, May 09, 2022 (GLOBE NEWSWIRE) — The Global Laboratory Proficiency Testing Market Forecast to 2026 report has been added to from ResearchAndMarkets.com offer.

The global laboratory proficiency testing market is expected to reach USD 1.4 billion by 2026, from USD 1.0 billion in 2021, growing at a CAGR of 6.4%.

As proficiency testing is a mandatory procedure to be undertaken by laboratories operating in different industries regulated by organizations such as CLIA, APLAC and CLSI, the proficiency testing market is expected to witness significant growth over the period of forecast. PT is an essential prerequisite for operational excellence and accreditation in several industries. It is one of the major growth factors in the global laboratory proficiency testing market.

In addition, stringent food and pharmaceutical safety and quality regulations and increasing focus on water testing are the other major factors driving the market growth. However, the requirement of high capital investments for accurate and sensitive testing is expected to restrain the growth of this market over the forecast period.

Clinical diagnostics held the largest share during the forecast period

Based on industry, the laboratory proficiency testing market is segmented into clinical diagnostics, food & feed, pharmaceuticals, microbiology, environment, water, biologics, commercial beverages, cannabis/opioids, cosmetics, dietary supplements and nutraceuticals . In 2020, the clinical diagnostics segment accounted for the largest share of the laboratory proficiency testing market. The large share of this segment is attributed to the development of complex diagnostic tests and the need for early diagnosis, which makes quality management with the use of proficiency tests an essential aspect of clinical diagnosis.

Cell culture segment held the largest share during the forecast period

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 laboratory proficiency testing market in 2020. The growing awareness for the use of cell cultures in the production and testing of various clinical diagnostic specimens, microbiological specimens and of biopharmaceutical products supports the growth of this market.

Asia-Pacific region is expected to grow at the highest CAGR during the forecast period

Asia-Pacific is expected to register the highest growth rate in the laboratory proficiency testing market over the forecast period. The presence of emerging economies such as China and India and the significant growth in outsourcing services in recent years have made China and India high growth markets for aptitude testing in laboratory. South Korea is another growing market in the APAC region. Apart from these APAC countries, countries in Latin America also show significant growth potential for the laboratory proficiency testing market. Most of this growth is driven by significant growth in the healthcare industry, low cost manufacturing advantage, technological advancements in clinical diagnostics, microbiology and pharmaceutical industries, growth opportunities in emerging countries like India, China and South Korea, and stringent requirements. food and drug safety and quality regulations in this region.

Main topics covered:

Summary

  • Laboratory Proficiency Testing Market, By Industry
  • Clinical Diagnostic Laboratory Proficiency Testing Market, By Type
  • Food and Feed Laboratory Proficiency Testing Market, By Type
  • Microbiology Laboratory Proficiency Testing Market, By Type
  • Pharmaceutical Laboratory Proficiency Testing Market, By Type
  • Laboratory Proficiency Testing Market, By Technology
  • Geographical Overview of Laboratory Proficiency Testing Market

Premium Previews

  • Laboratory Proficiency Testing Market Overview – Strict safety and quality regulations for food and pharmaceutical products to drive market growth
  • Clinical Diagnostic Laboratory Proficiency Testing Market, By Type – Clinical Chemistry segment to register the highest growth rate during the forecast period
  • Asia-Pacific: Laboratory Proficiency Testing Market by Technology and Country – Cell culture accounted for the largest share of the APAC laboratory proficiency testing market in 2020
  • Laboratory Proficiency Testing Market: Geographic Mix – China to Record Highest CAGR Over Forecast Period
  • Laboratory Proficiency Testing Market: Developed Vs. Developing Markets – Developing Markets will register a higher growth rate during the forecast period

Market dynamics

Market factors

  • Proficiency testing is an essential prerequisite for operational excellence
  • Strict safety and quality regulations for food and pharmaceutical products
  • Increased focus on water analysis

Market constraints

  • High capital investment requirement for accurate and sensitive testing

Market opportunities

  • Technological Advances in the Testing Industry
  • Growth opportunities in emerging countries

Market challenges

  • Need to harmonize the proficiency testing program
  • Data interpretation and logistical challenges
  • Shortage of qualified professionals

Companies cited

  • Absolute standards
  • Advanced analytical solutions
  • American Institute of Competence
  • International AOAC
  • Bio-Rad Laboratories
  • bipea
  • Fapas
  • Global competence
  • LGC
  • Matrix sciences
  • Merck KGaA
  • NSI Lab Solutions
  • SQAC
  • Randox Laboratories
  • Trilogy Analytical Laboratories
  • water company
  • Weqa

For more information about this report visit https://www.researchandmarkets.com/r/faueai

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  • Global Laboratory Proficiency Testing Market

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