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| Laboratory Proficiency Testing Market |
Laboratory proficiency testing helps laboratories validate test processes and assess competencies of laboratory staff through inter-laboratory comparisons. It plays a vital role in ensuring reliable and accurate test results. The increase in regulations mandating proficiency testing to obtain accreditation is driving the demand for these quality assessment services. The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 Bn in 2023 and is expected to exhibit a CAGR of 2.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of quality assessment services is one of the key trends
accelerating the growth of the laboratory proficiency testing market.
Regulatory bodies across various industries such as healthcare, food, and
environment have made proficiency testing mandatory to obtain accreditation.
For example, in the healthcare sector, laboratories need to participate in
proficiency testing programs in order to comply with standards set by the
Clinical Laboratory Improvement Amendments. The growing focus on improving the
accuracy and reliability of test results through assessment of competencies is
driving the need for proficiency testing services. Technological advancements
in proficiency testing delivery models are also supporting the increased
adoption.
Segment
Analysis
The global laboratory proficiency testing market is segmented by type into
clinical diagnostics, microbiology, food & animal feed, andenvironmental
testing. Among these, the clinical diagnostics segment currently holds the
dominant share of over 35% due to increasing regulatory requirements in
clinical diagnosis. It ensures accuracy and reliability of test results
associated with drug discovery, disease prevention, and screening.
Key Takeaways
The global Laboratory
Proficiency Testing Market Growth is expected to witness high growth over the
forecast period.
Regional analysis: North America currently captures over 40% market share and
is expected to continue dominating the market owing to stringent guidelines in
the region regarding testing and quality assurance. Asia Pacific is expected to
witness the fastest growth rate over 7% during the forecast period owing to
improving healthcare infrastructure and increasing focus on quality testing in
countries like India and China.
Key players: Key players operating in the laboratory proficiency testing market
are Mason Corporation, Ace Chemical Company, City Chemicals LLC, TIB Chemicals
AG, Pfaltz & Bauer Inc., GFS Chemicals, Showa America, S V Plastochem
Private Limited, Westman Chemicals Pvt, William Blythe, Haihang Industry
Co.,Ltd, and Strem Chemicals.
For more insights, read- https://www.ukwebwire.com/laboratory-proficiency-testing-market-trends-size-and-share-analysis/
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