Laboratory Proficiency Testing Market: By Technology, Cell Culture, Immunoassays, Chromatography, Spectrometry and Other Technologies), By End User and Geography
Laboratory Proficiency Testing Market size was valued at US$ 880.2 million in 2023 and is poised to grow at a CAGR of 6.6% from 2024-2030. Testing for laboratory proficiency evaluates how well odd labs perform for specific tests or measures and is used to monitor labs' long-term performance. One or more artefacts are sent close between the participating laboratories during the laboratory proficiency test. Each laboratory performs the measurements on the objects (such as a ring gauge or a set of gauge blocks) in accordance with a predetermined set of guidelines and submits its findings to the administrator. A measure's reference value is compared to the results reported by each laboratory for that measure. There are various methods for determining the reference value. Increasing adoption of fully automated instruments and automation in laboratories, rising government regulations towards the safety and efficacy of the drugs, increasing safety regulations for pharmaceutical and food industry, growing focus on water testing and technological advancement in the field of laboratory testing are some key factors influencing the market growth. However, factors such as lack of skilled professionals and logistical & data interpretation drawbacks are hindering the market growth. In addition, high growth in emerging market provides huge growth opportunity for the market.
Study Period
2024-2030Base Year
2023CAGR
6.6%Largest Market
North AmericaFastest Growing Market
Asia pacific
Increasing Adoption of Fully Automated Instruments and Automation in Laboratories are fueling the Market Growth. With least human involvement automation helps people with the use of numerous control systems for operating equipmen's and other applications. Automation in clinical laboratory allows to accomplish several tests by analytical instruments with very less use of an analyst. The automated instruments have benefits that laboratories can process more workload with minimum involvement of manpower. Also, automation reduces the chances of variability of results and errors that generally can happen during manual analysis. The use of integrated computer hardware and software into analyzers has made the job very easy for clinical laboratories as it provides automatic process control and data processing. The use of automated analyzer has many advantages including reduction of workload, less time consumption per sample analysis, more number of tests done in less time, use of minute amount of sample, decreased chances of human errors, and high accuracy and reproducibility.
North America accounted for larger revenue share in global laboratory proficiency testing market with considerable CAGR. The growth in this region is due to increasing regulatory stringency regarding laboratory operations, presence of a large number of global proficiency testing providers and mandatory adoption of proficiency testing to demonstrate operational excellence. USA is the major contributor for the growth of the market in the region. Asia pacific held substantial market share during estimated period owing to large base of manufacturers and research laboratories. Growing scientific base and research capabilities is the other factor responsible for the market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 880.2 million |
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Market CAGR |
6.6% |
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By Technology |
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By End User |
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By Region |
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2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Laboratory Proficiency Testing Market size was valued at US$ 880.2 million in 2022 and is poised to grow at a CAGR of 6.6% from 2023-2029.
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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