Laboratory Proficiency Testing Market Is Likely To Witness Huge Growth
Laboratory Proficiency Testing Industry
The global laboratory proficiency testing market size is expected to reach USD 2.13 billion by 2030, expanding at a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. End-use industries, such as healthcare, environmental, food, and pharmaceuticals, are subject to strict regulatory requirements and accreditation standards, which is anticipated to drive the demand for laboratory proficiency testing in the coming years. Moreover, participating in proficiency testing programs helps laboratories demonstrate compliance with these standards and regulatory bodies, ensuring the accuracy and reliability of their evaluating procedures, thereby contributing to the growth of the overall market.
Accurate test service is vital for product quality, safety, and public health. Proficiency testing enables laboratories to identify and address any shortcomings in their evaluating processes, reducing the risk of producing unreliable data. For instance, in November 2022, KD Pharma Bexbach's Quality Control team based in Germany secured the top position in the prestigious AOCS Laboratory Proficiency Program for GOED Nutraceutical Oils. This highlights its exemplarycompetence in laboratory evaluation, showcasing its commitment to quality control and industry standards. Thus, making PT more demandable leads to overall market growth. Favorable government initiatives to improve healthcare services, including diagnostics and other products, are increasing the adoption of PT in different end-use industries.
For instance, laboratory standards of practice, such as the Cannabis Laboratory Accreditation Program (CanNaLAP), specify the importance of proficiency testing and provide information regarding the types of samples that should be used for testing and the results that should be considered. Furthermore, several cannabis production facilities are frequently inspected by state governments. Organizations, such as the American Council of Independent Laboratories (ACIL), collaborate with federal agencies to develop standards & protocols for handling, sampling, testing, and inspecting cannabis products. The key participants are engaged in strategies, such as agreements, mergers & acquisitions, partnerships, and launches, to expand their global footprints and product portfolio.
Gather more insights about the market drivers, restrains and growth of the Global Laboratory Proficiency Testing market
Laboratory Proficiency Testing Market Segments Highlights:
- Based on industry, the clinical diagnostic segment held the largest revenue share in 2023 due to the widespread adoption of proficiency testing to keep clinical diagnostic test results reliable and high-quality
- The cell culture technology segment held the largest revenue share in 2023 owing to its wide usage in identifying contagious microorganisms in different applications
- The hospitals end-use segment dominated the market in 2023. However, the contract research organizations (CROs) segment is expected to register the fastest CAGR from 2024 to 2030 due to the increasing demand for outsourcing services in the healthcare sector
- North America held the largest share of 43.78% in 2023 due to the presence of well-established players, developed pharmaceutical & diagnostics industries, and high adoption of laboratory proficiency test
- Key players operating in the market constantly focus on product launches, partnerships, and geographical expansions to maintain their industry position
Browse through Grand View Research's Clinical Diagnostics Industry Research Reports.
- The global artificial intelligence market size was estimated at USD 196.63 billion in 2023 and is projected to grow at a CAGR of 36.6% from 2024 to 2030.
- The global pyrogen testing market size was estimated at USD 1.29 billion in 2023 and is anticipated to grow at 8.54% over the forecast period. Increasing demand for pyrogen testing products in the pharmaceutical and biotechnology industry is a major factor contributing to the growth of the market.
Segments Covered in the Report
Grand View Research has segmented the global laboratory proficiency testing market based on industry, technology, end-use, and region:
Laboratory Proficiency Testing Industry Outlook (Revenue, USD Million, 2018 - 2030)
- Clinical Diagnostics
- Clinical chemistry
- Immunochemistry
- Hematology
- Oncology
- Molecular Diagnostics
- Coagulation
- Others
- Pharmaceuticals
- Biological Products
- Others
- Microbiology
- Cannabis
- Others
Laboratory Proficiency Testing Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Cell Culture
- Spectrometry
- Polymerase Chain Reaction
- Chromatography
- Immunoassays
- Others
Laboratory Proficiency Testing End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Contract Research Organizations
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Laboratories
Laboratory Proficiency Testing Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- Australia
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Order a free sample PDF of the Laboratory Proficiency Testing Market Intelligence Study, published by Grand View Research.
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