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Laboratory Proficiency Testing Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: July 2024 || SKU: CD4201
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180 pages
Report Summary
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Laboratory Proficiency Testing Market is segmented By Industry Type (Clinical Diagnostics, Pharmaceuticals, Biologics, Microbiology, Others), By Technology (Immunoassays, Spectrometry, Polymerase Chain Reaction, Chromatography and Others), By End-User (Hospitals, Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Other), and By Region (North America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Report Overview

Global Laboratory Proficiency Testing Market reached US$ XX million in 2023 and is expected to reach US$ XX million by 2031, growing at a CAGR of XX% during the forecast period 2024-2031.

Laboratory proficiency testing is an external quality and accuracy assessment process that tests unknown specimens from an outside source to ensure accurate lab testing results. Lab proficiency testing is more than an internal quality control measure. It provides an important comparison and objective assessment of your lab staff competencies, specimen handling, equipment functionality, and results reporting.

 

Market Scope

Metrics

Details

CAGR

XX%

Market Size Available for Years

2022-2031

Estimation Forecast Period

2024-2031

Revenue Units

Value (US$ Mn) 

Segments Covered

Industry Type, Technology, End User

Regions Covered

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Largest Region

North America

Fastest Growing Region

Asia-Pacific

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

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Market Dynamics: Drivers & Restraints

Increasing adoption of proficiency testing services

The laboratory proficiency testing market is experiencing growth due to the increasing adoption of proficiency testing services. These services enable laboratories to evaluate and monitor the quality and accuracy of their testing processes, meeting quality standards and regulatory requirements. The increasing number of accredited laboratories and the need for ISO certifications further boost the adoption of these services. Additionally, these services are being used to train staff, identify gaps, implement corrective measures, and improve patient safety. The growing reliance on accurate test results and focus on quality patient care are key factors driving this adoption. 

High investments

The high investment in inaccurate and minute testing is a major restraint for the global laboratory proficiency testing market. Testing is done using sophisticated and expensive instruments such as a spectrophotometer, HPLC, Gel Permeation Chromatography Systems, Cell Harvest Systems, and many more. 

It also costs a great deal to install these instruments; as a result, laboratory proficiency testing requires a heavy investment. Further, costly methods such as ELISA and PCR are employed in the global laboratory proficiency testing market, which requires highly skilled technicians and increases the cost of laboratory proficiency training, thereby hampering the market growth. 

Market Segment Analysis

The global laboratory proficiency testing market is segmented based on industry type, technology, end-user and region.

The clinical diagnostics from the industry type segment accounted for approximately 37.3% of the laboratory proficiency testing  market share

The clinical diagnostics from the industry type segment accounted for approximately 37.3%. Clinical diagnostic laboratories have shown lower diagnostic error rates compared to hospitals, leading to the widespread adoption of Prototype Generation (PT) for accurate results and effective quality management.

The development of complex diagnostic tests and high early diagnosis rates necessitate the importance of quality management with proficiency testing in clinical diagnostics. Proficiency testing enhances efficiency, reproducibility, and accuracy of testing.

For instance, in October 2023, a recent reanalysis of a pilot study published, the Archives of Pathology & Laboratory Medicine reveals that molecular testing laboratories using College of American Pathologists proficiency testing (PT) programs demonstrate excellent testing performance. The study indicates that patients undergoing molecular testing at these laboratories can still trust the accuracy of their test results, demonstrating the high-quality data across the over 23,000 participating laboratories.

Market Geographical Share

North America is estimated to hold about 38.4% of the total market share throughout the forecast period

North America is estimated to hold about 38.4% of the total market share throughout the forecast period owing to factors like adoption of proficiency testing to demonstrate operational excellence, increasing regulatory stringency regarding laboratory operations, and the presence of a large number of global proficiency testing providers in North America. Also, North America is a major hub for industries such as pharmaceuticals, food, water & environment, commercial beverages, cosmetics, and cannabis testing. 

For instance, in March 2023, The College of American Pathologists, has introduced a new monkeypox (mpox) virus proficiency testing (PT) program for laboratories within the United States that will ship to customers in early summer.

Market Major Players

The major global players in the market include LGC Limited, Bio-Rad Laboratories, Merck KGaA, College of American Pathologists, Waters Corporation, FAPAS, Phenova lnc, Weqas, Advanced Analytical Solutions, LLC, and Trilogy Analytical Laboratory among others.

Key Developments

  • In April 2023, BIPEA unveiled 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.

Why Purchase the Report?

  • To visualize the global laboratory proficiency testing market segmentation based on industry type, technology, end user, and region as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development. 
  • Excel data sheet with numerous data points of the laboratory proficiency testing market level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players.

The global laboratory proficiency testing market report would provide approximately 64 tables, 61 figures, and 186 pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
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FAQ’s

  • Laboratory Proficiency Testing Market is expected to grow at a high CAGR during the forecast period 2024-2031

  • Key players are LGC Limited, Bio-Rad Laboratories, Merck KGaA, College of American Pathologists, Waters Corporation, FAPAS, Phenova lnc, Weqas, Advanced Analytical Solutions, LLC, and Trilogy Analytical Laboratory.
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