Report on laboratory proficiency testing market study provides latest statistics and industry trends, allowing buyers to identify high-growth product segments and potential customers and suppliers.
Major factors driving growth of laboratory proficiency testing market, globally. stringent safety and quality regulations for food and pharmaceutical products & increasing focus on water testing are other major factors supporting market growth. Detailed insights on upcoming technologies, research & development activities, and product launches in the global laboratory proficiency testing market.
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Laboratory proficiency testing market is projected to reach USD 1,103 million by 2024 from USD 800 million in 2019, at a CAGR of 6.6% during the forecast period. PT forms an essential precondition for operational excellence and accreditation in several industries. Thus, pathogen testing is a key component and critical success factor in effective food safety and process control programs. Similarly, pathogen testing is carried out in water, cosmetics, biologics, and nutraceuticals industries.
“Microbiology proficiency testing market is expected to be dominated by the pathogen testing segment in 2019”
North America is expected to dominate the laboratory proficiency testing market during the forecast period. The proficiency testing market in North America is characterized by the increasing regulatory stringency regarding laboratory operations as a result of the growing product safety and quality concerns.
Factors such as the mandatory 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 are responsible for the large share of North America in the laboratory proficiency testing market.
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Laboratory proficiency testing market in this report is segmented by industry, technology, and region. It provides detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges). The residual solvents segment is expected to grow at the highest CAGR in the cannabis/opioids proficiency testing market, by type, during the forecast period.
North America is expected to account for the largest share of the laboratory proficiency testing market during the forecast period (2019–2024). Global laboratory proficiency testing market is projected to grow at a CAGR of 6.6%. This is one of the major factors driving the growth of the proficiency testing market, globally.
Prominent players operating in laboratory proficiency testingmarket are LGC Limited (UK), Bio-Rad Laboratories (US), Randox Laboratories (UK), Merck (Germany), College of American Pathologists (US), American Proficiency Institute (US), Waters Corporation (US), QACS (Greece), FAPAS (UK), AOAC (US), Phenova Inc. (US), Weqas (Cardiff), Advanced Analytical Solutions, LLC (UK), Bipea (France), Absolute Standards Inc. (US), and NSI Lab Solutions (US).
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The laboratory proficiency testing market in this report is segmented by industry, technology, and region. It provides detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges).
Study tracks and analyzes competitive developments (such as partnerships, agreements, collaborations, mergers & acquisitions, product developments, geographical expansions, and R&D activities) and strategically profiles the key players and comprehensively analyzes their market shares and core competencies in the laboratory proficiency testing market.
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From an insight perspective, this research report has focused on various levels of analysis—the market share analysis of top players, company profiles that comprise and discuss basic views on the competitive landscape; emerging and high-growth segments of the laboratory proficiency testing market; high-growth regions; and market drivers, restraints, and opportunities.