The Business Research Company’s report on the Laboratory Proficiency Testing Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the laboratory proficiency testing market’s growth in recent years?
The growth in the biosimilars market is expected to propel the growth of the laboratory proficiency testing market going forward. Biosimilars refer to biologic medicinal products that are essentially a replica of an original product that is produced by a separate firm. As the biosimilar market expands, there is a greater need for analytical and bioanalytical testing of these products. This can lead to an increased demand for laboratory proficiency testing services to ensure the accuracy and reliability of the test results. For instance, according to IQVIA, a US-based provider of commercial outsourcing and biopharmaceutical development services, biosimilar value increased at a 78% CAGR between 2015 and 2020, reaching about $17.9 billion in 2020, and is predicted to increase at a 15% CAGR between 2020 and 2030, reaching an estimated $75 billion within the following decade. The estimated number of losses of protection (LOP) occurrences for originator pharmaceutical products will be a primary driver of biosimilar volume increase over the next decade. Therefore, the growth in the biosimilars market is driving the growth of the laboratory proficiency testing market.
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How does the future projection of the laboratory proficiency testing market size compare to its historical growth?
The laboratory proficiency testing market size has grown strongly in recent years. It will grow from$1.45 billion in 2024 to $1.55 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to quality assurance emphasis, regulatory compliance requirements, industry-specific testing needs, globalization of testing standard, continuous professional development
The laboratory proficiency testing market size is expected to see strong growth in the next few years. It will grow to “$2.23 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to integration of artificial intelligence, continuous professional development, quality assurance emphasis, rising demand for accurate testing, globalization of quality standards. Major trends in the forecast period include digitalization and online testing, customized testing programs, focus on data analytics, rising demand for accreditation, quality improvement initiatives.
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Which key players are shaping the future of the laboratory proficiency testing market?
Major companies operating in the laboratory proficiency testing market include LGC Limited, American Proficiency Institute, College of American Pathologists, Bio-Rad Laboratories, Randox Laboratories, Merck KGAA, FAPAS, Waters Corporation, QACS International Pvt. Ltd., Wales External Quality Assessment Scheme, AOAC INTERNATIONAL, Bureau Interprofessionnel d’Études Analytiques., SPEX CertiPrep Group LLC, Absolute Standards Inc, Trilogy Analytical Laboratories, Advanced Analytical Solutions, NSI Lab Solutions, INSTAND e.V., Anresco Laboratories, Avomeen Analytical Services, BioScreen Testing Services Inc., Brooks Applied Labs, Comprehensive Pain and Treatment Center, EMSL Analytical Inc., Eurofins Scientific SE, Exova Group Limited, Food Safety Net Services LLC, Analytical Laboratory Services Inc., Singapore Accreditation Council, Proctor & Allan East Africa Limited
What trends will propel the growth and evolution of the laboratory proficiency testing market?
Product innovations are a key trend gaining popularity in the laboratory proficiency testing market. Major companies operating in the laboratory proficiency testing market are developing innovative products to sustain their position in the market. For instance, in February 2022, BIPEA, a Europe-based non-profit organization providing proficiency testing programs for food and environmental samples launched PT 35d. This serves as a proficiency testing scheme for water microbiological testing labs, focusing on enumerating yeasts and molds in fresh water. This quality control initiative comprises two rounds, with express carriers delivering two refrigerated water samples to participating laboratories in each round.
Which regions are expected to become dominant players in the laboratory proficiency testing market?
North America was the largest region in the laboratory proficiency testing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global laboratory proficiency testing market report during the forecast period. The regions covered in the laboratory proficiency testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the laboratory proficiency testing market, and how are they evolving?
The laboratory proficiency testing market covered in this report is segmented –
1) By Technology: Cell Culture, PCR, Immunoassays, Chromatography, Spectrophotometry, Other Technologies
2) By Test: Routine, Specialty
3) By Department: Parasitology, Virology, Hematology, Toxicology, Immunology/Serology, Histopathology, Urinalysis, Other Departments
4) By End-use: Hospitals, Contract Research Organizations, Pharmaceutical & Biotechnology Companies, Academic Research, Diagnostic Laboratories, Independent Laboratories, Specialty Laboratories
Subsegments:
1) By Cell Culture: Adherent Cell Culture, Suspension Cell Culture
2) By PCR (Polymerase Chain Reaction): Quantitative PCR (qPCR), Reverse Transcription PCR (RT-PCR), Digital PCR
3) By Immunoassays: Enzyme-Linked Immunosorbent Assay (ELISA), Radioimmunoassay (RIA), Chemiluminescent Immunoassay (CLIA)
4) By Chromatography: Liquid Chromatography, Gas Chromatography, Ion Chromatography
5) By Spectrophotometry: Ultraviolet-Visible Spectrophotometry, Infrared Spectrophotometry, Atomic Absorption Spectrophotometry
6) By Other Technologies: Mass Spectrometry, Flow Cytometry, Next-Generation Sequencing (NGS)
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What defines the structure and scope of the laboratory proficiency testing market?
Laboratory proficiency testing refers to a process by which the effectiveness of other labs for certain tests or metrics is evaluated and used to track lab performance over time. One or more artifacts are exchanged between participating labs during the laboratory proficiency test. Each laboratory makes measurements on the objects (such as a ring gauge or a set of gauge blocks) based on a preset set of criteria and communicates the results to the administrator. Each laboratory’s results for a certain purpose are compared to the reference value for that purpose.
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