Laboratory Proficiency Testing Market - By Industry (Clinical Diagnostics, Microbiology, Pharmaceuticals), By Technology (Cell Culture, PCR, Immunoassays), By End-use (Hospitals, CROs, Diagnostic Laboratories) & Forecast, 2023 – 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationLaboratory Proficiency Testing Market - By Industry (Clinical Diagnostics, Microbiology, Pharmaceuticals), By Technology (Cell Culture, PCR, Immunoassays), By End-use (Hospitals, CROs, Diagnostic Laboratories) & Forecast, 2023 – 2032
Laboratory Proficiency Testing Market Size
Laboratory Proficiency Testing Market size was valued at around USD 1.2 billion in 2022 and it is estimated to reach over USD 2.2 billion in 2032. Increasing adoption of stringent laboratory guidelines and mandatory quality protocols, rising instances of different outbreaks in past couple of years and increase in overall research spending among other factors are anticipated to prove beneficial for industry growth.
Hey there! Some interesting numbers from the U.S. government show that in 2021, hospitals spent a whopping 17% more on lab tests than in 2020. That's a big jump! What drove this increase? Well, it turns out that people ordered a lot more tests for things like genetics, chemistry, and of course, COVID-19. And here's another cool thingthe trend towards using medical marijuana is growing, which means there's a bigger need for labs to test it. Plus, the drug industry is doing more research, which also means more lab tests. All of these factors are like fuel for the market for lab testing, which is expected to keep growing in the coming years.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Laboratory Proficiency Testing Market Size in 2022 | 1.2 Billion USD |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.1% |
| 2032 Value Projection | 2.2 Billion USD |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 195 |
| Tables, Charts & Figures | 442 |
| Segments covered | Industry, Technology, End-use and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Proficiency testing is the evaluation of research facilities to check and verify the performance of analytical laboratories. It is a mandatory requirement for all the laboratories based on pre-established criteria to ensure that a facility's processes are accurate, safe and in line to other laboratory groups.
Quality control watchdogs keep a close eye on research labs to make sure they're up to snuff. This means labs have to fork over cash to meet these standards and keep their reputations intact. For small labs and university labs, it's a tough gig. The expensive equipment and highly trained staff needed to meet these standards put a big dent in their wallets. And as the need for even more advanced techniques like spectrometry and chromatography grows, it's going to be even harder for these labs to keep up.
COVID-19 Impact
When the COVID-19 pandemic hit in 2020, it actually gave a boost to the business of checking how well labs perform tests. To stop the virus from spreading, countries all over the world put in place strict measures like lockdowns. Because of this, people started paying more attention to diagnostic labs so they could get accurate results from various tests. The number of COVID-19 tests went through the roof at the start of the pandemic, which helped the whole industry grow. Labs were going through various quality checks for different types of tests, like serologic, molecular, and antigen tests. So, because people needed accurate test results and wanted to keep their labs in good standing, the industry actually did well during the pandemic.
Laboratory Proficiency Testing Market Trends
When it comes to labs - whether they're in hospitals, drug companies, or biotech startups - delivering the highest quality results is absolutely crucial. To get there, labs need to embrace cutting-edge tech and innovative approaches, like healthcare laboratory informatics, which helps them get reliable and accurate results. And to make sure they're on top of their game, labs around the world are signing up for rigorous proficiency testing programs. These programs assess how well a lab performs tests and identify areas for improvement, like training for the staff, fixing any equipment that's giving false results, and even cutting down on expenses.
Numerous countries around the world are signatories of international associations for accreditation bodies such as International Laboratory Accreditation Cooperation (ILAC), The Asia Pacific Laboratory Accreditation Cooperation (APLAC), etc. Thus, standards and guidelines stated by such firms allows the laboratories to achieve high quality operational excellence as proficiency testing is considered as a prerequisite for such organizations, thereby supporting the market growth over the analysis period.
Laboratory Proficiency Testing Market Analysis
Based on industry, the market is categorized into clinical diagnostics, microbiology, pharmaceuticals, biologics, and others. The clinical diagnostics segment accounted for largest revenue share in 2022 and is predicted to reach around USD 723 million in 2032. The high revenue share is primarily attributed to increasing trend towards early disease diagnosis, growing need for development of complex diagnostic tests, among others. Further, use of proficiency testing in clinical diagnostics makes quality management a key pointer, thereby, allowing test reproducibility and improving the efficiency as well as accuracy of tests.
Based on technology, the laboratory proficiency testing market is segmented into polymerase chain reaction, cell culture, spectrometry, chromatography, immunoassays, and others. The cell culture segment accounted for major revenue share and was valued at around USD 355 million in 2022. Increasing use of cell culture in pharmaceutical industry owing to numerous benefits including vaccines and cell culture-based products will fuel the segmental growth. Additionally, adoption of cell culture-based products such as monoclonal antibodies, further boosted the adoption of cell culture tests to maximize the output from microbial strain cultures.
Different industries rely on lab testing to make sure their results are accurate and their processes are up to par. Hospitals, private labs, research centers, and drug and biotech companies all use these services. Drug and biotech companies were the biggest players in the lab testing market in 2022 and are expected to grow at a healthy rate over the next few years. That's because they're responsible for developing and making things like vaccines and blood products. These companies need to follow strict rules about cleanliness and quality, so they use lab testing to check that their products are safe and meet all the regulations.
North America is the king of the laboratory proficiency testing market, and it's expected to keep growing like crazy, around 5.5% per year until 2032. This is because of a bunch of reasonsGovernments are making new rules and regulations that labs have to follow. Tech is getting better all the time, making lab tests more accurate and reliable. Labs are working together more to share knowledge and improve standards. Plus, there are a lot of big players in the North American market, like Quest Diagnostics, LabCorp, and Mayo Clinic. And with all the chronic diseases out there, people are more aware of how important it is to get accurate lab tests. Government agencies like the FDA and Health Canada have strict rules in place to make sure labs are meeting high standards. So, labs in North America are using proficiency testing to prove that they're following the rules and providing quality results. With all these factors working together, the North American laboratory proficiency testing market is set to explode in the coming years!
Laboratory Proficiency Testing Market Share
Few of the leading players operating in the laboratory proficiency testing market include
- Bio-Rad Laboratories Inc
- Randox Laboratories Ltd
- Absolute Standards Inc
- LGC Limited
- Fera Science Limited
- American Proficiency Institute
The market is competitive in nature, with leading players, regional and local companies, along with start-ups further consolidating the industry competition. The leading market players are involved in strategic developments including collaborations, research and development, mergers, and acquisitions, to improve their market positioning and revenue generating capabilities.
Laboratory Proficiency Testing Industry News
- In October 2021, Waters Corporation announced a strategic partnership with University of Delaware to develop technology for analytical characterization of manufacturing processes for biologics and novel modalities. This collaborative partnership to advance novel solutions to biopharmaceutical process development and manufacturing. This strategic move helped the company to increase their operational capabilities and enhance their business revenue.
- In October 2020, The Central Testing Laboratory of the Abu Dhabi Quality announced a strategic partnership with Conformity Council, to implement laboratory proficiency testing program to verify the competency of medical laboratories carrying out COVID-19 tests. This strategic initiative helped the company to enhance their R&D capabilities and increase their market presence.
Laboratory proficiency testing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
By Industry
- Clinical Diagnostics
- Clinical Chemistry
- Immunochemistry
- Hematology
- Molecular Diagnostics
- Others
- Microbiology
- Pathogen Testing
- Sterility Testing
- Endotoxin & Pyrogen Testing
- Others
- Pharmaceuticals
- Biologics
- Others
By Technology
- Cell Culture
- Spectrometry
- Polymerase Chain Reaction
- Chromatography
- Immunoassays
- Others
By End-use
- Hospitals
- Diagnostic Laboratories
- Academic Research
- Contract Research Organizations
- Pharmaceutical & Biotechnology Companies
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Poland
- Sweden
- The Netherlands
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Philippines
- Vietnam
- Latin America
- Brazil
- Mexico
- Argentina
- Columbia
- Peru
- Chile
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Israel
- Iran
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy