Laboratory Proficiency Testing Trends and Forecast
The future of the global laboratory proficiency testing market looks promising with opportunities in the clinical diagnostic, microbiology, pharmaceutical, and biologic markets. The global laboratory proficiency testing market is expected to reach an estimated $1.7 billion by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are growing emphasis on water testing, escalating demand for operational excellence through proficiency testing, and increasing regulations on safety and quality in the production of food and pharmaceutical items.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Laboratory Proficiency Testing by Segment
The study includes a forecast for the global laboratory proficiency testing by technology, end use, and region.
Laboratory Proficiency Testing Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Polymerase Chain Reaction
• Immunoassays
• Chromatography
• Spectrometry
• Others
Laboratory Proficiency Testing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Clinical Diagnostics
• Microbiology
• Pharmaceuticals
• Biologics
• Others
Laboratory Proficiency Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Laboratory Proficiency Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies laboratory proficiency testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the laboratory proficiency testing companies profiled in this report include-
• LGC
• Bio-Rad Laboratories
• Randox Laboratories
• QACS - The Challenge Test Laboratory
• Merck
• Weqas
• BIPEA
• NSI Lab Solutions
• Absolute Standards
• INSTAND
Laboratory Proficiency Testing Market Insights
Lucintel forecasts that chromatography is expected to witness the highest growth over the forecast period due to its increasing adoption in the pharmaceutical and biotechnology industries.
Within this market, clinical diagnostic will remain the largest segment due to growing need for laboratory proficiency test in this sector for accurate and timely disease detection.
North America will remain the largest region over the forecast period due to presence of advanced healthcare infrastructure in the region.
Features of the Global Laboratory Proficiency Testing Market
Market Size Estimates: Laboratory proficiency testing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Laboratory proficiency testing market size by technology, end use, and region in terms of value ($B).
Regional Analysis: Laboratory proficiency testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technologies, end uses, and regions for the laboratory proficiency testing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the laboratory proficiency testing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the laboratory proficiency testing market size?
Answer: The global laboratory proficiency testing market is expected to reach an estimated $1.7 billion by 2030.
Q2. What is the growth forecast for laboratory proficiency testing market?
Answer: The global laboratory proficiency testing market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the laboratory proficiency testing market?
Answer: The major drivers for this market are growing emphasis on water testing, escalating demand for operational excellence through proficiency testing, and increasing regulations on safety and quality in the production of food and pharmaceutical items.
Q4. What are the major segments for laboratory proficiency testing market?
Answer: The future of the laboratory proficiency testing market looks promising with opportunities in the clinical diagnostic, microbiology, pharmaceutical, and biologic markets.
Q5. Who are the key laboratory proficiency testing market companies?
Answer: Some of the key laboratory proficiency testing companies are as follows:
• LGC
• Bio-Rad Laboratories
• Randox Laboratories
• QACS - The Challenge Test Laboratory
• Merck
• Weqas
• BIPEA
• NSI Lab Solutions
• Absolute Standards
• INSTAND
Q6. Which laboratory proficiency testing market segment will be the largest in future?
Answer: Lucintel forecasts that chromatography is expected to witness the highest growth over the forecast period due to its increasing adoption in the pharmaceutical and biotechnology industries.
Q7. In laboratory proficiency testing market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to presence of advanced healthcare infrastructure in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the laboratory proficiency testing market by technology (polymerase chain reaction, immunoassays, chromatography, spectrometry, and others), end use (clinical diagnostics, microbiology, pharmaceuticals, biologics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Laboratory Proficiency Testing Market, Laboratory Proficiency Testing Market Size, Laboratory Proficiency Testing Market Growth, Laboratory Proficiency Testing Market Analysis, Laboratory Proficiency Testing Market Report, Laboratory Proficiency Testing Market Share, Laboratory Proficiency Testing Market Trends, Laboratory Proficiency Testing Market Forecast, Laboratory Proficiency Testing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.