According to IMARC Group’s latest report, titled “Laboratory Proficiency Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market is expected to exhibit a CAGR of 7.07% during 2022-2027. Laboratory proficiency testing consists of qualitative, quantitative, sequential, simultaneous data transformation and interpretation, and continuous testing. It is conducted to determine and measure the performance of independent laboratories against pre-established criteria. Laboratory proficiency testing also helps ensure the optimum performance of laboratories and provides accreditation. As a result, it is witnessing huge applications across the medical, food and beverage (F&B), medical, cosmetics, and pharmaceutical industries.
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The stringent quality and safety regulations imposed by the governments of various nations on the F&B industry is one of the prime factors driving the market growth. Additionally, the rising focus on water testing and the rapid expansion of the pharmaceutical industry are other growth-inducing factors. In line with this, laboratory proficiency testing is mainly used in the manufacturing of generic drugs to eliminate chemical residual solvents in prescription opioids, thus supporting the market growth. Apart from this, the development of new, fast, and accurate proficiency testing solutions by key players and the growing need for early diagnostics are creating a positive outlook for the market. Looking forward, IMARC Group expects the global laboratory proficiency testing market to continue its robust growth during the forecast period (2022-2027).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Absolute Standards Inc.
- American Proficiency Institute
- AOAC International
- Bio-Rad Laboratories Inc.
- LGC Limited
- Merck KgaA
- NSI Lab Solutions
- QACS – The Challenge Test Laboratory
- Randox Laboratories Limited
- Waters Corporation
Breakup by Industry:
- Clinical Diagnostics
Breakup by Technology:
- Cell Culture
- Polymerase Chain Reaction
Breakup by End Use:
- Contract Research Organizations
- Pharmaceutical & Biotechnology Companies
- Academic Research
- Diagnostic Laboratories
- Independent Laboratories
- Specialty Laboratories
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.