Laboratory Proficiency Testing Market Growth & Trends
The global laboratory proficiency testing market size is expected to reach USD 2.13 billion by 2030, expanding at a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. End-use industries, such as healthcare, environmental, food, and pharmaceuticals, are subject to strict regulatory requirements and accreditation standards, which is anticipated to drive the demand for laboratory proficiency testing in the coming years. Moreover, participating in proficiency testing programs helps laboratories demonstrate compliance with these standards and regulatory bodies, ensuring the accuracy and reliability of their evaluating procedures, thereby contributing to the growth of the overall market.
Accurate test service is vital for product quality, safety, and public health. Proficiency testing enables laboratories to identify and address any shortcomings in their evaluating processes, reducing the risk of producing unreliable data. For instance, in November 2022, KD Pharma Bexbach's Quality Control team based in Germany secured the top position in the prestigious AOCS Laboratory Proficiency Program for GOED Nutraceutical Oils. This highlights its exemplarycompetence in laboratory evaluation, showcasing its commitment to quality control and industry standards. Thus, making PT more demandable leads to overall market growth. Favorable government initiatives to improve healthcare services, including diagnostics and other products, are increasing the adoption of PT in different end-use industries.
Access the Laboratory Proficiency Testing Market Size, Share & Trends Analysis Report By Industry (Clinical Diagnostics, Cannabis), By Technology (Cell Culture, PCR), By End-use (CROs, Hospitals), By Region, And Segment Forecasts, 2024 – 2030
For instance, laboratory standards of practice, such as the Cannabis Laboratory Accreditation Program (CanNaLAP), specify the importance of proficiency testing and provide information regarding the types of samples that should be used for testing and the results that should be considered. Furthermore, several cannabis production facilities are frequently inspected by state governments. Organizations, such as the American Council of Independent Laboratories (ACIL), collaborate with federal agencies to develop standards & protocols for handling, sampling, testing, and inspecting cannabis products. The key participants are engaged in strategies, such as agreements, mergers & acquisitions, partnerships, and launches, to expand their global footprints and product portfolio.
For instance,in February 2023, AOAC collaborated with Signature Science, LLC, to develop a PT program that addresses the need for quality microbiology competence in evaluating samples. Moreover, the increasing adoption of technologically advanced tests, such as PCR and chromatography for laboratory proficiency tests is further supporting the market growth. For instance, in October 2021, Biogenix Labs partnered with ADQCC to offer proficiency testing specifically for COVID-19 PCR tests. This collaboration aims to ensure the accuracy and reliability of COVID-19 PCR test results by providing laboratories with proficiency testing programs.
Laboratory Proficiency Testing Market Report Highlights
· Based on industry, the clinical diagnostic segment held the largest revenue share in 2023 due to the widespread adoption of proficiency testing to keep clinical diagnostic test results reliable and high-quality
· The cell culture technology segment held the largest revenue share in 2023 owing to its wide usage in identifying contagious microorganisms in different applications
· The hospitals end-use segment dominated the market in 2023. However, the contract research organizations (CROs) segment is expected to register the fastest CAGR from 2024 to 2030 due to the increasing demand for outsourcing services in the healthcare sector
· North America held the largest share of 43.78% in 2023 due to the presence of well-established players, developed pharmaceutical & diagnostics industries, and high adoption of laboratory proficiency test
· Key players operating in the market constantly focus on product launches, partnerships, and geographical expansions to maintain their industry position
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Key Companies & Market Share Insights
· Key market players are adopting market strategies, such as new product launches, collaborations, and geographical expansions, to increase their global footprint.
· In April 2023, BIPEAunveiled PTS 110A, a new Proficiency Testing Scheme that enables testing laboratories to assess their analytical capabilities by analyzing a rice sample. This initiative can empower laboratories to evaluate and enhance their performance in rice sample analysis, driving excellence in the field.
· In January 2023, BIPEA introduced a novel proficiency test in surface microbiology, expanding its range of offerings. This new test allows professionals in the field to enhance their expertise and proficiency in surface microbiology analysis.
Key Laboratory Proficiency Testing Companies:
· LGC Limited
· Bio-Rad Laboratories, Inc.
· Randox Laboratories Ltd.
· QACS - The Challenge Test Laboratory
· Merck KGaA
· Weqas
· BIPEA
· NSI Lab Solutions
· Absolute Standards, Inc.
· INSTAND
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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