The Increasing Number of Novel Proficiency Testing Programs is Expected to Drive Growth for Laboratory Proficiency Testing Market

According to Intent Market Research, the Laboratory Proficiency Testing Market is expected to grow from USD 1.3 billion in 2023-e to touch USD 2.1 billion in 2030, growing at a CAGR of 6.8%

Published: February, 2024
| Life Sciences & Healthcare
The Increasing Number of Novel Proficiency Testing Programs is Expected to Drive Growth for Laboratory Proficiency Testing Market

The primary objective of laboratory proficiency testing is to evaluate laboratory performance by comparing their results with recognized reference values or the consensus outcomes of other participating laboratories. This approach is essential for maintaining uniformity and excellence in testing services across various fields, including clinical diagnostics, environmental analysis, and food safety. Participation in proficiency testing is often a regulatory requirement for accreditation, playing a pivotal role in the continuous improvement of laboratory procedures.

Microbiology Segment is Anticipated to Grow at a Significant Pace in the Laboratory Proficiency Testing Market

Microbiology segment is driving the laboratory proficiency testing market due to rising use of testing techniques in identification of disease causing microorganisms, sterile testing, and antimicrobial suspecting testing in food and eater microbiology industry. Major companies are adopting the proficiency testing procedures in research & development of drugs and biosimilars. 

For instance, in April 2020, LGC Group launched proficiency testing (PT) service designed for the identification of SARS-CoV-2 (COVID-19) through nucleic acid amplification testing. Clinical laboratories all over the world will have access to a crucial new tool to supplement their external quality assurance procedures and guarantee confidence in their findings by utilizing this new SARS-CoV-2 proficiency testing program.


 

Source: Intent Market Research Analysis

Chromatography Segment is Anticipated to Grow at a Substantial Pace in the Laboratory Proficiency Testing Market

The chromatography segment is anticipated to grow at a substantial pace due to benefits associated with it such as method validation for diagnosis, identification of unknown compounds, quality control, and separation of two mixtures. Chromatography equipped with UV detection is now widely used in laboratory proficiency testing.

Implementation of advanced technologies in chromatographic instruments is capable of giving very accurate and precise results while reducing errors. For instance, in March 2023, Waters Corporation announced the launch of “Alliance iS.” It is the intelligent HPLC system of the future generation, which adds new levels of proactive error detection, troubleshooting, and ease of use to lower compliance risk. It also increases the simplicity and intelligence of the instruments used in QC analyses, enabling labs to remove up to 40% of typical errors.

Increasing Number of Diagnostics and Research Laboratories in the Asia-Pacific is Fueling the Laboratory Proficiency Testing Market Growth

Asia-Pacific is expected to be the fastest-growing region with increasing investment in healthcare infrastructure, and regulatory agencies are becoming more involved to help provide better healthcare services. In addition, a growing number of laboratories are seeking international certification, more people are becoming aware of healthcare issues, and there are more pharmaceutical and biotechnology businesses.

Laboratory Proficiency Testing Market is Highly Competitive with the Presence of a Large Number of Global and Regional Players

The laboratory proficiency testing market, in particular, is dominated by key players such as American Proficiency Institute, AOAC International, Bio-Rad, BIPEA, College of American Pathologists, Fapas, INSTAND, LGC, Merck, NSI Lab Solutions, QACS, Randox, Trilogy, Waters, and Weqas amongst others. These industry leaders are primarily focused on acquiring smaller players and innovating their product lines to cater to changing consumer preferences and needs.

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