Laboratory Proficiency Testing Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3571
Laboratory Proficiency Testing Market size is expected to grow significantly from 2019 to 2025.
Laboratory proficiency testing market is projected to witness commendable growth in the forthcoming years due to technological advancements in testing industry. Several companies such as Bio-Rad Laboratories constantly introduce innovations in the testing programs. Recently developed programs are efficient and helps the laboratories to maintain their quality according to standards set by international associations. Currently available proficiency tests measure and compare performance of several laboratories and provides reference values for every test that helps laboratories to improve and maintain the quality of services it provides positively impacting the industry growth.
Increasing safety regulations for pharmaceutical and food industry will drive the industry growth in near future. Pharmaceutical companies and companies manufacturing food items have to comply to regulations framed by authorities to avoid defects. Products offered by pharmaceutical and food industry are directly consumed by the individuals. Any issues or defects in these products can have fatal effects on humans. Therefore, laboratories and R&D departments of these companies are routinely monitored for efficiency and quality. Above mentioned factors boost the industry growth. However, dearth of skilled labor for carrying out the proficiency test in underdeveloped economies may restrain the industry growth to some extent.
Microbiology segment will witness immense growth during the forecast years and is expected to have similar growth trends in the future. Considerable segmental growth can be attributed to the increasing demand for laboratory proficiency testing programs by microbiology labs. Microbiology and pathology laboratories usually deal with harmful bacteria and microbes. Microbiologists carry out assays to study the cause and treatment for diseases. Thus, to ensure safe and effective research, these laboratories regularly carry out laboratory proficiency tests to prevent mishaps caused due to inefficiency of laboratory equipments such as centrifuges and others. Above mentioned factors stimulate the segmental growth.
North America laboratory proficiency testing market will grow substantially during the analysis timeframe. Rising awareness regarding availability of superior quality laboratory proficiency testing programs along with favorable regulatory scenario escalates the regional market growth. Furthermore, developed economies such as the U.S. and Canada have skilled professionals to operate the laboratory proficiency programs that should surge the regional market growth.
Some of the major players operating in the laboratory proficiency testing industry include American Proficiency Institute, College of American Pathologists, Bio-Rad Laboratories, Randox Laboratories, Merck, FAPAS (A Division of Fera Science Ltd.), Waters Corporation, QACS, Weqas, AOAC International, Bipea, NSI Lab Solutions and Absolute Standards. These key industry players implement several strategic initiatives to maintain their market position. For instance, Bio-Rad Laboratories launched EQAS, a cardiac markers program that enables laboratories to determine their efficiency. Introduction of such programs will foster company’s growth.
Laboratory Proficiency Testing Market By Industry type, 2014-2025 (USD Million)
- Clinical diagnostic
- Food and animal feed
- Pharmaceutical & biopharmaceutical
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- American Proficiency Institute
- College of American Pathologists
- Bio-Rad Laboratories
- Randox Laboratories
- FAPAS (A Division of Fera Science Ltd.)
- Waters Corporation
- AOAC International
- NSI Lab Solutions
- Absolute Standards
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