Press Release

Laboratory Proficiency Testing Market to Grow with a CAGR of 6.85% through 2028

Rising advancements in technology is expected to drive the Global Laboratory Proficiency Testing Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Laboratory Proficiency Testing Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Laboratory Proficiency Testing Market stood at USD 1.09 billion in 2022 and is anticipated to grow with a CAGR of 6.85% in the forecast period, 2024-2028. Laboratory proficiency testing, also known as interlaboratory comparison or external quality assessment, has become an essential component of quality assurance and regulatory compliance in various industries, ranging from healthcare and pharmaceuticals to food and beverages and environmental testing. Technology has played a pivotal role in the growth of the Laboratory Proficiency Testing Market. Digital platforms and software solutions have made it easier for laboratories to participate in proficiency testing programs. These technological advancements have streamlined the process of result submission, data analysis, and feedback, making it more convenient and accessible for laboratories of all sizes and capabilities. Moreover, automation and robotics have improved the efficiency and accuracy of laboratory testing processes. This has resulted in more reliable and consistent results, making proficiency testing an even more valuable tool for laboratory quality control.

One of the primary drivers propelling the Laboratory Proficiency Testing Market is the increasing stringency of regulatory requirements across different sectors. Regulatory bodies, such as the Food and Drug Administration (FDA) in the pharmaceutical industry and international standards organizations like ISO, demand that laboratories participate in proficiency testing programs to maintain their certifications and licenses.

The global economy's increasing interconnectedness and the rise of international trade have further driven the demand for laboratory proficiency testing. As businesses source products and services from various corners of the world, standardization and reliability of testing methods become paramount. Proficiency testing is a crucial tool for ensuring that products meet the same quality and safety standards, regardless of their origin.

 

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The Global Laboratory Proficiency Testing Market is segmented into Technology, Industry Type, Regional Distribution, And Company. Based on the Technology, Polymerase Chain Reaction (PCR) technology emerged as the dominant segment in the global market for Global Laboratory Proficiency Testing Market in 2022. Pandemic Preparedness: The recent COVID-19 pandemic has underscored the importance of PCR technology in rapid and accurate pathogen detection. The global demand for PCR-based testing has surged during the pandemic, resulting in increased proficiency testing requirements to ensure the reliability and consistency of COVID-19 testing. This surge in demand for proficiency testing related to PCR is expected to persist beyond the pandemic, as PCR remains central to infectious disease testing. PCR technology finds applications beyond clinical diagnostics, including research, food safety, environmental testing, and forensics. Proficiency testing is essential in these areas as well, ensuring the accuracy of results, data comparability, and overall quality control. The broad range of applications of PCR contributes to its high demand in proficiency testing. PCR technology continues to evolve with ongoing technological advancements, leading to improvements in sensitivity, specificity, and multiplexing capabilities. Proficiency testing programs are essential to keep laboratories up to date with the latest PCR techniques and to ensure they can deliver the highest quality and most accurate results, making PCR proficiency testing a dynamic and evolving field.

Laboratories employing PCR technology, especially those involved in clinical diagnostics, are subject to stringent regulatory standards and quality control measures. Proficiency testing programs serve as an essential element in meeting these standards, ensuring compliance with regulations such as the Clinical Laboratory Improvement Amendments (CLIA) in the United States. Compliance with regulatory requirements drives the demand for PCR proficiency testing.

Based on the Industry Type, Clinical Diagnostics emerged as the dominant segment in the global market for Global Laboratory Proficiency Testing Market in 2022. In the clinical diagnostics field, patient safety is of paramount importance. Errors in diagnostic testing can lead to incorrect diagnoses and treatment decisions, posing a significant risk to patient health. Proficiency testing is a crucial tool for minimizing such errors and ensuring the reliability and precision of test results, ultimately safeguarding patient safety. Clinical diagnostics encompasses a wide array of testing parameters, from blood chemistry and microbiology to molecular diagnostics and anatomical pathology. The diversity of tests and methods utilized in clinical diagnostics necessitates proficiency testing programs that cater to the specific needs of each parameter, further driving the demand for these programs.

Clinical diagnostic laboratories often handle a substantial volume of tests, ranging from routine screenings to specialized diagnostic assays. The sheer scale of testing operations necessitates robust quality assurance measures, with proficiency testing being a critical element to ensure the consistency and accuracy of a large number of tests conducted daily. The clinical diagnostics field continually evolves with advances in diagnostic technologies, leading to new testing methods and parameters. Proficiency testing programs help laboratories stay updated and proficient in these emerging technologies and methodologies, ensuring they can deliver the highest quality and most up-to-date diagnostic services.

North America emerged as the dominant player in the global Laboratory Proficiency Testing Market in 2022, holding the largest market share. North America has been at the forefront of technological advancements in laboratory testing. The adoption of advanced technologies, including molecular diagnostics, genomics, and automation, has bolstered the demand for proficiency testing programs tailored to these cutting-edge methodologies. Laboratories in North America seek to maintain their proficiency in the latest technologies, making proficiency testing a crucial part of their operations. North America is a hub for research and development across various sectors, including pharmaceuticals, biotechnology, and materials science. These research laboratories require proficiency testing services to validate their methods, ensure the reliability of their results, and meet quality control standards. The demand for proficiency testing in research-intensive sectors is substantial.The laboratory proficiency testing market in North America spans a wide range of applications, from clinical diagnostics to environmental testing, food safety, and materials analysis. The diversity of applications drives demand, as laboratories across different sectors rely on proficiency testing programs to maintain the highest quality standards and regulatory compliance.

 

Major companies operating in Global Laboratory Proficiency Testing Market are:

  • Bio-Rad Laboratories, Inc.
  • FAPAS (A Division of Fera Science Limited)
  • LGC Limited
  • Merck KGaA
  • NSI Lab Solutions
  • QACS Ltd
  • Trilogy Analytical Laboratory
  • Waters Corporation
  • BIPEA
  • Absolute Standards, Inc.

 

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 “The Global Laboratory Proficiency Testing Market is poised for significant growth in the coming years, driven by several key factors. With stringent regulatory standards continuing to evolve across industries like healthcare, pharmaceuticals, and food safety, the demand for proficiency testing services is set to rise as businesses strive to meet these elevated quality and safety requirements. Furthermore, the globalization of trade and the emphasis on consistent product quality are compelling laboratories to maintain international standards through proficiency testing. Technological advancements and the increasing need for accurate and reliable testing methods further reinforce the market's growth prospects..” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Laboratory Proficiency Testing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Industry Type (Clinical Diagnostics, Microbiology, Pharmaceuticals, Biologics, Others), By   Technology (Polymerase Chain Reaction, Immunoassays, Chromatography, Spectrometry, Other Technologies) Region and Competition”, has evaluated the future growth potential of Global Laboratory Proficiency Testing Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Laboratory Proficiency Testing Market.

 

 

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