Laboratory Proficiency Testing Market Size is anticipated to witness significant expansion between 2022 and 2028 owing to the increasing concerns regarding accreditation. The rising number of severe regulations enforced by several authorized bodies to enhance the quality as well as safety of food and drug products has made way for new proficiency testing programs. The growing emphasis on operational excellence in several industries along with the surging need for testing water and increasing adoption of antimicrobial susceptibility testing methods will drive the market growth.
Proficiency testing deals with the comparison of measuring results derived from different laboratories. It also determines the performance of the individual laboratories for specific tests and measurements as well as assists in monitoring the laboratories continuing performance.
However, the rising obligation for high capital investments to perform accurate and sensitive testing may pose a challenge for the market expansion.
Based on industry type, the clinical diagnostics is expected to grow with the increasing need for dynamically assessing and improving the quality in a bid to offer enhanced patient care and safety. The growing support from various federal and regulatory bodies, such as U.S. CDC (Centers for Disease Control and Prevention) is a major impact rendering attribute for the segment growth. The increasing urge for early diagnosis has also steered the requirement for improved efficiency, test reproducibility, as well as testing accuracy of the clinical diagnostics. The rising influx of complex diagnostic tests will also add to the industry expansion.
On the other hand, the microbiology segment will exponentially rise with the growing prevalence of infectious diseases worldwide. The higher involvement of harmful bacteria and microbes within the microbiology and pathology laboratories has given way to stringent regulations for preventing pathogenic infestations. The surge in instances of mishaps caused by inefficient laboratory equipment along with the growing preference for antimicrobial susceptibility testing will foster the market revenue generation.
With respect to end-use, the laboratory proficiency testing procedures in hospitals will expand through 2028. This can be ascribed to the escalating requirement for diagnostic procedures and testing in these healthcare settings. The rapidly proliferating patient volume and the intensifying focus on optimum patient safety will spur the industry progression.
North America laboratory proficiency testing market will observe substantial proceeds due to the notable advancements in the pharmaceuticals, food, commercial beverages, water & environment, and cosmetics sectors. The surging regulatory restrictions regarding laboratory operations, led by major authoritative bodies in the region have mandated the engagement of proficiency testing for providing operational superiority. Moreover, the thriving need for accurate laboratory QC and the strong presence of numerous well-known proficiency testing providers will contribute to the regional statistics.
Global industry players, Bio-Rad Laboratories, Randox Laboratories, College of American Pathologists, AOAC International, NSI Lab Solutions, Weqas, Waters Corporation, QACS, FAPAS (A Division of Fera Science Ltd.), Merck, Absolute Standards, American Proficiency Institute, and Bipea.
Technological enhancements, capacity expansions, as well as marketing strategies, like acquisitions, and partnerships, along with R&D investments, are widely adopted by these firms to enlarge their geographical footprint along with customer base.
For instance, in March 2020, AOAC INTERNATIONAL disclosed the expansion of its Laboratory Proficiency Testing Program for the inclusion of proficiency testing for infant formula as well as adult nutritional and pH.
Amid the ongoing coronavirus pandemic, the industry received a significant boost with the growing popularity of diagnostic laboratories. On account of the urgency and the massive requirements for testing, there were swift developments in assays for detecting SARS-CoV-2, ultimately prompting the need for accurate and newly developed tests. The higher participation of proficiency testing programs in laboratories for performing antigen tests for detecting the virus and for serology testing added impetus to the industry growth.
Market, By Industry type
The above information is provided for the following regions and countries: