Understanding The Laboratory Proficiency Testing Market: Trends And Growth Opportunities

By Author: Snehal S
Total Articles: 396
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The growth of laboratory proficiency testing market is primarily driven by factors such as it forms an essential precondition for operational excellence and accreditation in several industries. Also, the increasing number of laboratory accreditations, stringent safety and quality regulations for food and pharmaceutical products and the increasing focus on water testing are the other major factors supporting market growth. However, the requirement of high capital investments for accurate and sensitive testing is expected to restrain the growth of this market during the forecast period. The growth of the pharmaceutical proficiency testing market is driven by Stringent quality control in the production of pharmaceutical products, Growth of the pharmaceuticals market, Surge in the generics market, and Emerging biosimilars market while the major restraining factor is Cost and time-intensive drug manufacturing process.

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

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MARKET ...
... DYNAMICS
1 MARKET DRIVERS
1.1 Proficiency testing is an essential precondition for operational excellence
1.2 Stringent safety and quality regulations for food and pharmaceutical products
1.3 Increasing focus on water testing
2 MARKET RESTRAINTS
2.1 Requirement of high-capital investments for accurate and sensitive testing
3 MARKET OPPORTUNITIES
3.1 Technological advancements in the testing industry
3.2 Growth opportunities in emerging countries
4 MARKET CHALLENGES
4.1 Need for proficiency testing scheme harmonization
4.2 Logistical and data interpretation challenges
4.3 Dearth of skilled professionals
Market Segmentation:

Based on industry, the laboratory proficiency testing market is segmented into clinical diagnostics, food & animal feed, pharmaceuticals, microbiology, environmental, water, biologics, commercial beverages, cannabis/opioids, cosmetics, dietary supplements, and nutraceuticals. In 2020, the clinical diagnostics segment accounted for the largest share of the market.

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 market in 2020.

Regional Analysis:
The laboratory proficiency testing market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share in the market. The large share of this region can be attributed to the mandatory adoption of laboratory proficiency testing to demonstrate operational excellence, increasing regulatory stringency regarding laboratory operations. The emerging markets across the Asia Pacific and Latin America are expected to grow at higher CAGRs during the
forecast period.

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Recent Developments
• In January 2022, Fera Science Ltd. - Fapas (UK) partnered with the BioFront Technologies who will work as an agent for Fapas’ proficiency testing service in the US.
• In October 2021, Waters Corporation (US) partnered with the Sartorius AG (Germany) and was aimed to provide bioprocess experts with direct access to high-quality mass spectrometry (MS) data to accelerate the speed and improve the accuracy of biopharmaceutical process development.
• Also in October 2021, Waters Corporation (US) partnered with the University of Delaware (US) to develop new analytical solutions for bioprocessing and biomanufacturing.
• In June 2021, LGC Limited announced the development of a new business group to provide intelligent assurance across supply chains assurance solutions covering critical touchpoints, with a focus on the manufacturing, laboratory, ingredients, and nutritional supplements sectors.

Top Key Players:-
The prominent players in the laboratory proficiency testing market are LGC Limited (UK), American Proficiency Institute (US), College of American Pathologists (US), Bio-Rad Laboratories (US), Randox Laboratories (UK), Merck (Germany), Fapas (Fera Science Ltd.) (UK), Waters Corporation (US), Weqas (UK), AOAC INTERNATIONAL (US), BIPEA (France), NSI Lab Solutions (US), Absolute Solutions (US), Trilogy Analytical Laboratories (US), Advanced Analytical Solutions (US), American Industrial Hygiene Association (US), Matrix Sciences (US), Aashvi Proficiency Testing & Analytical Services (India), and Global Proficiency (New Zealand).