What Has Been the Growth Trajectory for the Laboratory Proficiency Testing Market in Recent Years?
The laboratory proficiency testing market has seen considerable growth due to a variety of factors.
•The size of the laboratory proficiency testing market has seen significant growth in the past few years. This is expected to further increase from $1.45 billion in 2024 to $1.55 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%.
The market's expansion during the historical period is owed to a focus on quality assurance, the need to meet regulatory compliance, specific testing requirements in various industries, the worldwide standardization of testing, and ongoing professional development.
How Does the Forecast Look for the Laboratory Proficiency Testing Market?
The laboratory proficiency testing market is expected to maintain its strong growth trajectory in upcoming years.
• It is predicted that the laboratory proficiency testing market will experience a significant expansion in the coming years, with an anticipated value of "$2.23 billion in 2029, growing at an overall annual compound rate (CAGR) of 9.5%.
Drivers of growth expected in the forecast period include the assimilation of artificial intelligence, ongoing professional advancement, attention on quality assurance, an increasing requirement for precise testing, and the worldwide uniformity of quality norms. Predominant trends during this period are expected to be the digitalization and execution of online testing, tailor-made testing programs, emphasis on data analysis, burgeoning demand for accreditation, and initiatives for quality enhancement.
What Are the Critical Driver Fuelling the Laboratory Proficiency Testing Market's Growth?
The expansion of the biosimilars market, which refers to essentially replicated biologic medicinal products made by a different firm, is anticipated to fuel the growth of the laboratory proficiency testing market. The escalation of the biosimilars market necessitates an increase in analytical and bioanalytical testing; consequentially, there is a heightened demand for laboratory proficiency testing services to validate the precision and reliability of the test outputs. As per IQVIA, a commercial outsourcing and biopharmaceutical development service provider based in the US, the value of biosimilars saw a 78% CAGR growth between 2015 and 2020, climaxing to approximately $17.9 billion in 2020. Furthermore, it is projected to glean a 15% CAGR growth from 2020 to 2030, culminating to an estimated $75 billion within the decade that follows. Increased numbers of protection loss incidences for original pharmaceutical products is likely to be a primary factor contributing to the volume increase of biosimilars in the next ten years. For this reason, the development of the biosimilars market is spurring the progression of the laboratory proficiency testing market.
How Is the Laboratory Proficiency Testing Market segmented?
The laboratory proficiency testing market covered in this report is segmented –
1) By Technology: Cell Culture, PCR, Immunoassays, Chromatography, Spectrophotometry, Other Technologies
2) By Test: Routine, Specialty
3) By Department: Parasitology, Virology, Hematology, Toxicology, Immunology/Serology, Histopathology, Urinalysis, Other Departments
4) By End-use: Hospitals, Contract Research Organizations, Pharmaceutical & Biotechnology Companies, Academic Research, Diagnostic Laboratories, Independent Laboratories, Specialty Laboratories
Subsegments:
1) By Cell Culture: Adherent Cell Culture, Suspension Cell Culture
2) By PCR (Polymerase Chain Reaction): Quantitative PCR (qPCR), Reverse Transcription PCR (RT-PCR), Digital PCR
3) By Immunoassays: Enzyme-Linked Immunosorbent Assay (ELISA), Radioimmunoassay (RIA), Chemiluminescent Immunoassay (CLIA)
4) By Chromatography: Liquid Chromatography, Gas Chromatography, Ion Chromatography
5) By Spectrophotometry: Ultraviolet-Visible Spectrophotometry, Infrared Spectrophotometry, Atomic Absorption Spectrophotometry
6) By Other Technologies: Mass Spectrometry, Flow Cytometry, Next-Generation Sequencing (NGS)
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What New Trends Are Influencing the Laboratory Proficiency Testing Market?
The development of innovative products is a significant trend gaining traction in the laboratory proficiency testing industry. The market's major players are inventing original products to maintain their competitive position. For example, BIPEA, a European non-profit organization that offers proficiency testing programs for food and environmental samples, launched PT 35d in February 2022. The initiative is a proficiency examination scheme designed for water microbiological labs, emphasizing the counting of yeasts and molds in freshwater samples. This quality regulation initiative involves two stages, in which fast shipping companies deliver two chilled water samples to the participating laboratories in each stage.
Who Are the Key Players in the Laboratory Proficiency Testing Market?
Major companies operating in the laboratory proficiency testing market include:
• LGC Limited
• American Proficiency Institute
• College of American Pathologists
• Bio-Rad Laboratories
• Randox Laboratories
• Merck KGAA
• FAPAS
• Waters Corporation
• QACS International Pvt. Ltd.
• Wales External Quality Assessment Scheme
• AOAC INTERNATIONAL
• Bureau Interprofessionnel d'Études Analytiques.
• SPEX CertiPrep Group LLC
• Absolute Standards Inc
• Trilogy Analytical Laboratories
• Advanced Analytical Solutions
• NSI Lab Solutions
• INSTAND e.V.
• Anresco Laboratories
• Avomeen Analytical Services
• BioScreen Testing Services Inc.
• Brooks Applied Labs
• Comprehensive Pain and Treatment Center
• EMSL Analytical Inc.
• Eurofins Scientific SE
• Exova Group Limited
• Food Safety Net Services LLC
• Analytical Laboratory Services Inc.
• Singapore Accreditation Council
• Proctor & Allan East Africa Limited
What Is The Most Dominant Region In The Laboratory Proficiency Testing Market?
North America was the largest region in the laboratory proficiency testing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global laboratory proficiency testing market report during the forecast period. The regions covered in the laboratory proficiency testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
