Laboratory Proficiency Testing Market Key Challenges 2023
The global laboratory proficiency testing market size was valued at USD 880.2 million in 2022 and is poised to grow at a significant CAGR of 6.6% during the forecast period 2023-29. External quality assessment (EQA) or laboratory proficiency testing refers to tests undertaken to determine and test the efficiency of independent laboratories. Quantitative, qualitative, consecutive, simultaneous, one-time and ongoing testing, sampling, data transformation, and interpretation are all part of the process. The tests are frequently performed to give accreditation and verify that these laboratories work at their best. For a detailed comparative analysis, the results from various laboratories are linked to one another. As a result, testing solutions are used in a wide range of industries, including food & beverage, medicine, cosmetics, and pharmaceuticals.
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The increasing number of new proficiency testing programmes being promoted by key players is driving the global laboratory proficiency testing market. Furthermore, the market is being driven by the increasing usage of laboratory proficiency testing as a result of stringent regulations, as well as a growing focus on diagnostic laboratories as a result of the COVID-19 pandemic. Proficiency testing ensures that tests for the detection of the new coronavirus are produced, processed, and administered correctly in order to achieve high precision & confidence in results. Furthermore, the global laboratory proficiency testing market is likely to be driven by severe rules established by regulatory authorities including the Food and Pharmaceuticals Administration to ensure the quality of food and drug goods. Various laboratories throughout the world are going for laboratory proficiency testing due to stringent restrictions. Furthermore, the growing demand for water testing to evaluate contamination levels and portability is expected to propel the global laboratory proficiency testing market forward in the coming years.
The global laboratory proficiency testing market segmentation:
1) By Technology: Polymerase Chain Reaction (PCR), Cell Culture, Immunoassays, Chromatography, Spectrometry and Other Technologies.
2) By End User: Clinical diagnostic, Food and animal feed, Microbiology, Environmental, Pharmaceutical & biopharmaceutical, Nutraceutical and Others.
Due to the mandatory adoption of proficiency testing to demonstrate operational superiority, increasing regulatory stringency regarding laboratory operations, and the presence of a large number of global proficiency testing providers in this region, North America accounted for the largest the laboratory proficiency testing market over the forecast period. Pharmaceuticals, foods, water & environment, commercial beverages, cosmetics, as well as cannabis testing are all major industries in North America. However, due to rising healthcare awareness and a growing number of laboratories seeking international certification, Asia Pacific is predicted to develop at the fastest CAGR throughout the projection period.
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There are several industry players working in the Laboratory Proficiency Testing Market, which include LGC Limited (UK) Bio-Rad Laboratories (US) Randox Laboratories (UK) Merck (Germany) College of American Pathologists (US) American Proficiency Institute (US) Waters Corporation (US) QACS (Greece) Advanced Analytical SolutionsLLC (UK) Bipea (France) Absolute Standards Inc. (US) NSI Lab Solutions (US)
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