According to Stratistics MRC, the Global Laboratory Proficiency Testing Market is accounted for $884.82 million in 2020 and is expected to reach $1,711.95 million by 2028 growing at a CAGR of 8.6% during the forecast period. Increasing adoption of fully automated instruments and automation in laboratories, stringent regulations on food & drug quality, and increasing safety regulations for the pharmaceutical and food industry are driving the market growth. However, high cost and procedural shift from lab-based to home-based/point-of-care testing procedures are hampering the growth of the market.
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Based on the application, the cannabis/opioids segment is going to have lucrative growth during the forecast period owing to the harmful nature of chemical residual solvents that are often not eliminated during the extraction of cannabinoids and terpenes from Cannabis plants. By geography, North America is going to have high growth during the forecast period due to 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.
Some of the key players profiled in the Laboratory Proficiency Testing Market include Weqas, Advance Analytical Solutions, QACS International, Phenova Inc., NSI Lab Solutions, American Proficiency Institute, LGC Ltd, Fapas, College of American Pathologists, Bipea, Randox Laboratories, AOAC International, Bio-Rad Laboratories, Merck & Co., Absolute Standards Inc. and Waters Corporation.
Types Covered:
• Outsourced
• In-House
Technologies Covered:
• Chromatography
• Spectrophotometry
• Polymerase Chain Reaction (PCR)
• Enzyme-Linked Immunosorbent Assay (ELISA)
• Cell Culture
• Other Technologies
Applications Covered:
• Pharmaceuticals
• Biologics
• Clinical Diagnostics
• Microbiology
• Cosmetics
• Cannabis/Opioids
• Food and Animal Feed
• Commercial Beverages
• Water
• Environmental
• Dietary Supplements & Nutraceuticals
End Users Covered:
• Pharmaceutical & Biotechnology Companies
• Hospitals & Clinics
• Diagnostic Laboratories
• Rehabilitation Units
• Contract Research Organizations
• Academic Research
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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