Global Laboratory Proficiency Testing Market Estimated to Value USD 1.08 Billion by 2026 End

  • 01 Nov 2019
  • Healthcare

The global laboratory proficiency testing market is forecasted to value over USD 1.08 billion by 2026 end and register a CAGR of over 6.4% during the forecast period 2019-2026.

Technological advancements in the testing market coupled with stringent safety and quality regulations for pharmaceutical and food products are driving the global laboratory proficiency testing market growth. Increasing attention towards water testing is also expected to inflate the laboratory proficiency testing market size. The examination of food and beverages to check the presence of microorganisms and pathogens is expected to bolster the market growth. The increasing government support to clear food products through strict examining coupled with technological advancement is expected to fuel the growth of the market over the coming years.

The market is bifurcated into by industry, by technology, and by region. Based on industry, the pharmaceutical industry is expected to dominate the market. The stringent regulatory policies regarding the time-consuming processes of clinical trial & longer drug development processes for prescription of medications is expected to increase the demand of branded drugs of pharmaceutical segment, thus inflating the laboratory proficiency testing market size.

The cannabis/opioids of residual solvents segment are also expected to show significant growth owing to harmful nature of chemical residual solvents.

In terms of region, North America is expected to inflate the laboratory proficiency testing market size. The increasing regulatory stringency coupled with the presence of an ample number of proficiency testing providers is boosting the presence of the market in the region. The increasing number of pharmaceuticals, food, commercial beverages, and cosmetics industries have led to an increase in demand for testing, thus positively influencing the market growth.

Prominent players of the market Absolute Standards Inc, NSI Lab Solutions, AOAC, Phenova Inc, Advanced Analytical Solutions, LLC, FAPAS, Bipea, Bio-Rad Laboratories, LGC Limited, Merck, Randox Laboratories, QACS, College of American Pathologists and Waters Corporation.

Competitive Landscape:

  • Fera Science with collaboration with Isvea srl, in 2018 launched the world's most thorough proficiency testing scheme StarEcotronics
  • Randox and Qnostics in 2018 agreed to a strategic partnership. The partnership allowed Qnostics to access Randox's commercial capabilities to expand itself in the market and allowed Randox to have access to Qnostics product portfolio and distribution
  • LGC, in 2018 expanded its immunosuppressant certified portfolio with the launch of Human blood-sirolimus
  • LGC, in 2018 augmented its VALIDATE THY product by adding Free Triiodothyronine (FT3) as a component of Total Triiodothyronine
  • LGC, in 2017 acqured API Food Quality, Inc. (US). The acquisition helped LGC expand its product folio in the food industry
  • Merck acquired BioControl Systems Inc. The acquisition allowed Merck to expand itself in food and beverage industry
  • LGC signed an agreement with National Measurement Institute of Australia to supply reference materials in the field of forensic drugs, veterinary materials, pesticides, and sports drugs

Global Laboratory Proficiency Testing Market Segmentation

By Industry

  • Clinical Diagnostics
    • Routine Chemistry
    • Hematology
    • Endocrinology
    • Other Tests
  • Food and Animal Feed 
    • Meat & Meat Products
    • Vegetables & Fruits
    • Dairy Products
    • Fish
    • Eggs
    • Fat/Oil
    • Other Products
  • Microbiology
    • Pathogen Testing
    • Sterility Testing
    • Endotoxin & Pyrogen Testing
    • Growth Promotion Testing
    • Other Microbial Testing
  • Environmental
  • Commercial Beverages
  • Pharmaceuticals
  • Water
  • Nutraceuticals
  • Biologics
    • Vaccines
    • Blood
    • Tissues
  • Cannabis/Opioids
    • Residual Solvents
    • Mold & Bacteria
    • Pesticides
  • Dietary Supplements
  • Cosmetics

By Technology

  • Polymerase Chain Reaction (PCR)
  • Cell Culture
  • Immunoassays
  • Chromatography
  • Spectrometry
  • Other Technologies

By Region 

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

FutureWise Key Takeaways:

●    Growth Prospects

●    SWOT Analysis

●    Key Trends

●    Key data-points affecting market growth

Objectives of the Study:

•  To provide with an exhaustive analysis on the global laboratory proficiency testing market by industry, by technology, and by region

•  To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

•  Evaluate and forecast micro-markets and the overall market 

•  To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world

•  To record evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

•  Profiling of companies to evaluate their market shares, strategies, financial and core competencies


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