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Laboratory Proficiency Testing Market Share

Report ID: GMI3571
Published Date: May 2023
Report Format: PDF

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Laboratory Proficiency Testing Market Share

Few of the leading players operating in the laboratory proficiency testing market include:

Bio-Rad Laboratories Inc
Randox Laboratories Ltd
Absolute Standards Inc
LGC Limited
Fera Science Limited
American Proficiency Institute

The market is competitive in nature, with leading players, regional and local companies, along with start-ups further consolidating the industry competition. The leading market players are involved in strategic developments including collaborations, research and development, mergers, and acquisitions, to improve their market positioning and revenue generating capabilities.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Market size for laboratory proficiency testing was worth USD 1.2 billion in 2022 and will exceed USD 2.2 billion by 2032 driven by the rising adoption of stringent laboratory guidelines and mandatory quality protocols.

Laboratory proficiency testing market share from the clinical diagnostics industry segment will reach around USD 723 million by 2032 owing to the increasing trend towards early disease diagnosis.

Laboratory proficiency testing industry size in North America is expected to witness 5.5% CAGR from 2023-2032 propelled by the increasing regulatory compliance in the region.

Laboratory proficiency testing share from pharmaceutical & biotechnology companies will observe 6.4% CAGR from 2023-2032 owing to the rising research, development, and manufacturing, particularly in areas such as vaccines and blood and tissue-related research.