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Description
Laboratory Proficiency Testing Market size was valued at USD 880.2 million in 2022, growing at a CAGR of 6.6% from 2023-2029. 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.
Key Developments:
In March 2018, Fera Science launched the world’s most thorough wine proficiency testing scheme in partnership with Isvea srl (Italy) and Fera’s agent in Italy—StarEcotronics.
In June 2019, Bio-Rad Laboratories, Inc., launched quantify Advance Control which are used in clinical labs for performing urinalysis testing.
