Market Analysis and Insights: Global Laboratory Proficiency Testing Market
Laboratory proficiency testing market is expected to reach USD 810.1 million by 2027 growing at a growth rate of 6.80% in the forecast period 2020 to 2027. Advancement in the testing industry is expected to create new opportunity for the market in the mentioned forecast period.
Laboratory proficiency testing is testing which is specially performed to ensure the performance of the individual laboratories for any specific tests or measurements. Different technologies which are used in the laboratory proficiency include PCR, cell culture, immunoassays, chromatography and others.
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Growth in the biosimilars market is expected to enhance the market growth. Some of the other factors such as increasing demand for the water testing, growing demand for the packaged food products, strict safety & quality regulations for food & pharmaceutical products, and increasing number of cannabis testing laboratories is expected to accelerate the laboratory proficiency testing market in the forecast period of 2020 to 2027.
High investment cost associated with the accurate & sensitive testing, lack of skilled & trained professionals and challenges associated with the logistical & data interpretation is expected to hinder the market growth in the mentioned forecast period.
This laboratory proficiency testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research laboratory proficiency testing market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Laboratory Proficiency Testing Market Scope and Market Size
Global Laboratory proficiency testing market is segmented of the basis of industry type, and technology. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on industry type, the laboratory proficiency testing market is segmented into clinical diagnostics, microbiology, pharmaceuticals, biologics, cosmetics, cannabis/opioids, food and animal feed, commercial beverages, water, environmental, dietary supplements and nutraceuticals. Pharmaceutical segment is further divided into branded/innovator drugs, OTC, generics, and biosimilars. The biologics segment is further divided into blood, vaccines and tissue. Clinical diagnostic is further segmented into routine chemistry, hematology, endocrinology, and other tests such as therapeutic drug monitoring, immunology testing, cytology testing, and genetic testing. Microbiology segment is further divided into sterility testing, endotoxin & pyrogen testing, pathogen testing, growth promotion testing and other microbial testing such as tests for antimicrobial susceptibility. Cosmetics segment is further segmented into tarce elements and other tests such as preservatives, formaldehyde, allergens, residual solvents, diethylene glycol, hydroquinone, and common contaminants. Cannabis/opioids segment is divided into pesticides, mold & bacteria and residual solvents. Food & animals feed segment is divided into dairy products, meat & meat products, eggs, fish, fat/oil, vegetable & fruits and other tests such as cereals and grains, confectionery products and condiments, and processed foods. Commercial beverage includes alcoholic beverage and non- alcoholic beverage.
The technology segment of the laboratory proficiency testing market is bifurcated into spectrophotometry, chromatography, ELISA, PCR, cell culture, immunoassays and other.
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Laboratory Proficiency Testing Market Country Level Analysis
Laboratory proficiency testing market is analysed and market size, volume information is provided by industry type, and technology as referenced above.
The countries covered in the laboratory proficiency testing market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the laboratory proficiency testing market in the forecast period 2020 to 2027 due to strict regulations associated with the laboratory operations and availability of many manufacturers in the region.
The country section of the laboratory proficiency testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Laboratory Proficiency Testing Market Share Analysis
Laboratory proficiency testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laboratory proficiency testing market.
The major players covered in the laboratory proficiency testing report are
• LGC Limited
• Randox Laboratories Ltd.
• Bio-Rad Laboratories, Inc.
• Merck KGaA
• WATERS.
• QACS Ltd
• AOAC International
• Weqas
• BIPEA
• NSI Lab Solutions
• Absolute Standards Inc.
• TRILOGY ANALYTICAL LABORATORIES.
• Fera Science
• ATCC
• FLUXANA GmbH & Co. KG
• NEOGEN CORPORATION
among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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