The growth of laboratory proficiency testing market is primarily driven by factors such as it forms an essential precondition for operational excellence and accreditation in several industries. Also, the increasing number of laboratory accreditations, stringent safety and quality regulations for food and pharmaceutical products and the increasing focus on water testing are the other major factors supporting market growth. The growth of the pharmaceutical proficiency testing market is driven by Stringent quality control in the production of pharmaceutical products, Growth of the pharmaceuticals market, Surge in the generics market, and Emerging biosimilars market while the major restraining factor is Cost and time-intensive drug manufacturing process.

The global laboratory proficiency testing market is projected to reach USD 1.4 billion by 2026 from USD 1.0 billion in 2021, at a CAGR of 6.4%.

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MARKET DYNAMICS
1 MARKET DRIVERS
1.1 Proficiency testing is an essential precondition for operational excellence
1.2 Stringent safety and quality regulations for food and pharmaceutical products
1.3 Increasing focus on water testing
2 MARKET RESTRAINTS
2.1 Requirement of high-capital investments for accurate and sensitive testing
3 MARKET OPPORTUNITIES
3.1 Technological advancements in the testing industry
3.2 Growth opportunities in emerging countries
4 MARKET CHALLENGES
4.1 Need for proficiency testing scheme harmonization
4.2 Logistical and data interpretation challenges
4.3 Dearth of skilled professionals

Market Segmentation:
Based on industry, the laboratory proficiency testing market is segmented into clinical diagnostics, food & animal feed, pharmaceuticals, microbiology, environmental, water, biologics, commercial beverages, cannabis/opioids, cosmetics, dietary supplements, and nutraceuticals.
Based on technology, the global laboratory proficiency testing market has been segmented into spectrophotometry, chromatography, PCR, immunoassays, cell culture, and other technologies. The cell culture segment accounted for the largest share of the market in 2020.

Regional Analysis:
The laboratory proficiency testing market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share in the market.
1.North America:
• North America, including the United States and Canada, has a mature laboratory proficiency testing market.
• Regulatory agencies like the Clinical Laboratory Improvement Amendments (CLIA) in the U.S. mandate proficiency testing for clinical laboratories.
2. Europe:
• Europe has a well-developed proficiency testing market, with the European Proficiency Testing Information Service (EPTIS) facilitating access to information on EQA providers.
• Growing adoption of molecular diagnostics and personalized medicine may drive demand for specialized proficiency testing.
3. Asia-Pacific:
• The Asia-Pacific region, including China, India, and Japan, is witnessing rapid growth in laboratory proficiency testing.
• Increasing healthcare expenditure, expansion of clinical laboratories, and rising awareness of quality standards contribute to market growth.
4. Latin America:
• Latin American countries, such as Brazil and Mexico, are experiencing growth in healthcare services, leading to increased demand for proficiency testing.
5. Middle East and Africa:
• The Middle East and Africa region is gradually adopting proficiency testing as part of quality improvement initiatives.
• Expanding healthcare infrastructure and accreditation requirements are driving market growth.

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Recent Developments
• In January 2022, Fera Science Ltd. - Fapas (UK) partnered with the BioFront Technologies who will work as an agent for Fapas’ proficiency testing service in the US.
• In October 2021, Waters Corporation (US) partnered with the Sartorius AG (Germany) and was aimed to provide bioprocess experts with direct access to high-quality mass spectrometry (MS) data to accelerate the speed and improve the accuracy of biopharmaceutical process development.
• Also in October 2021, Waters Corporation (US) partnered with the University of Delaware (US) to develop new analytical solutions for bioprocessing and biomanufacturing.
• In June 2021, LGC Limited announced the development of a new business group to provide intelligent assurance across supply chains assurance solutions covering critical touchpoints, with a focus on the manufacturing, laboratory, ingredients, and nutritional supplements sectors.

Top Key Players: -
The prominent players in the laboratory proficiency testing market are LGC Limited (UK), American Proficiency Institute (US), College of American Pathologists (US), Bio-Rad Laboratories (US), Randox Laboratories (UK), Merck (Germany), Fapas (Fera Science Ltd.) (UK), Waters Corporation (US), Weqas (UK), AOAC INTERNATIONAL (US), BIPEA (France), NSI Lab Solutions (US), Absolute Solutions (US), Trilogy Analytical Laboratories (US), Advanced Analytical Solutions (US), American Industrial Hygiene Association (US), Matrix Sciences (US), Aashvi Proficiency Testing & Analytical Services (India), and Global Proficiency (New Zealand).

In summary, the laboratory proficiency testing market is driven by the increasing importance of quality assurance, regulatory requirements, and technological advancements. As industries continue to evolve and require more accurate and reliable testing, the demand for proficiency testing services is expected to grow across various sectors.