The Laboratory Proficiency Testing Market is anticipated to expand at a compound annual growth rate (CAGR) of 6.8% from USD 1.3 billion in 2023 to USD 2.1 billion in 2030, according to Intent Market Research. Assessing laboratory performance through comparison with established reference values or the consensus results of other participating laboratories is the main goal of laboratory proficiency testing. This method is crucial for preserving consistency and quality in testing services across a range of domains, such as environmental analysis, clinical diagnostics, and food safety. A key component of the ongoing development of laboratory practices, proficiency testing is frequently a regulatory prerequisite for accreditation.
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Microbiology Segment is Anticipated to Grow at a Significant Pace in the Laboratory Proficiency Testing Market
The growing use of testing methods in the identification of disease-causing microorganisms, sterile testing, and antimicrobial suspecting testing in the food and eater microbiology industry is propelling the laboratory proficiency testing market in the microbiology segment. Large corporations are implementing proficiency testing practices in drug and biosimilar research and development. For example, LGC Group introduced a proficiency testing (PT) service in April 2020 that uses nucleic acid amplification testing to identify SARS-CoV-2 (COVID-19). Through the use of this new SARS-CoV-2 proficiency testing program, clinical laboratories worldwide will have access to an essential new tool to support their external quality assurance procedures and ensure confidence in their findings.
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.
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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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