The global Laboratory Proficiency Testing market accrued earnings worth approximately 1.01(USD Billion) in 2019 and is predicted to gain revenue of about 23.1(USD Billion) by 2026, is set to record a CAGR of nearly 7.9% over the period from 2020 to 2026.
The global Laboratory Proficiency Testing market accrued earnings worth approximately 1.01(USD Billion) in 2019 and is predicted to gain revenue of about 23.1(USD Billion) by 2026, is set to record a CAGR of nearly 7.9% over the period from 2020 to 2026. The report offers assessment and analysis of the Laboratory Proficiency Testing market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Report Attribute | Details |
---|---|
Base Year | 2022 |
Historic Years | 2018 - 2022 |
Forecast Years | 2023 - 2030 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Laboratory proficiency testing enhances lab performance. It determines individual performance through comparison of the results derived from myriad labs. Furthermore, various tests that are utilized for improving lab proficiency are PCR, chromatography, cell culture, and immunoassays. Moreover, these tests are carried out for pyrogen microbial testing, pathogen testing, and endotoxin testing. In addition to this, laboratory proficiency testing is massively utilized in production of generic & biosimilar medicines. It helps in eliminating chemical residual solvents in prescribed drugs.
Massive use of lab proficiency testing devices due to strict enforcement of laws as well as rising focus on diagnostic lab testing activities owing to widespread of COVID 19 pandemic will drive market trends. In addition to this, surge in the number of proficient testing tools introduced by major participants is set to steer expansion of laboratory proficiency testing market over forecast period. Large-scale utilization of these tests ensures the accuracy and exactness of identification of new coronavirus and this will embellish expansion of laboratory proficiency testing market size. Apparently, outbreak of foodborne sickness owing to intake of unhealthy & unhygienic consisting of various kinds of bacteria and chemical ingredients will steer industry growth during the assessment timeline.
Furthermore, growing need for water testing for checking proportion of pollution will increase laboratory proficiency testing market earnings. In addition to this, Necessity of improving quality of food & drugs as well as water quality will further expand scope of laboratory proficiency testing market over the forecasting years. Apart from this, inflating popularity of packaged foods along with massive use of automated devices for proficiency testing in labs will promulgate market expansion in the years to come.
North American Laboratory Proficiency Testing Market To Accrue Major Rewards By 2026
The regional market growth over the assessment period is due to presence of key participants in the countries such as the U.S. Apart from this, massive use of proficiency testing in labs in countries such as Canada and the U.S. will contribute majorly towards regional market revenue in the upcoming years. Easy availability of skilled lab technicians and supporting legislations will exponentiate expansion of laboratory proficiency testing market in North America over the predicted timeline.
Major participants profiled in the study include Bipea, Absolute Standards Inc., Bio-Rad Laboratories, NSI Lab Solutions, Merck, QACS, AOAC, Phenova Inc., LGC Limited, Advanced Analytical Solutions, LLC, FAPAS, Randox Laboratories, and College of American Pathologists and Waters Corporation.
By Industry
By Technology
By End-Use
By Region
FrequentlyAsked Questions
Massive use of lab proficiency testing devices due to strict enforcement of legislations as well as rising focus on diagnostic lab testing activities subject to widespread of COVID 19 pandemic will drive market trends. In addition to this, surge in the number of proficient testing tools introduced by major participants is set to steer expansion of laboratory proficiency testing market over forecast timespan. Humungous utility of these tests ensures the accuracy and exactness of identification of new coronavirus and this will embellish expansion of laboratory proficiency testing market size. Apparently, outbreak of foodborne sickness owing to intake of unhealthy & unhygienic consisting of various kinds of bacteria and chemical ingredients will steer industry growth during the assessment timeline.
Furthermore, growing necessity for water testing for checking proportion of pollution will increase laboratory proficiency testing market earnings. In addition to this, Necessity of improving quality of food & drugs as well as water quality will further expand scope of laboratory proficiency testing market over the forecasting years.
According to Zion market research report, the global Laboratory Proficiency Testing market accrued earnings worth approximately 1.01(USD Billion) in 2019 and is predicted to gain revenue of about 23.1(USD Billion) by 2026, is set to record a CAGR of nearly 7.9% over the period from 2020 to 2026.
North America will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to presence of key participants in the countries such as the U.S. Apart from this, massive use of proficiency testing in labs in countries such as Canada and the U.S. will contribute majorly towards regional market revenue in the upcoming years. Easy availability of skilled lab technicians and supporting legislations will exponentiate expansion of laboratory proficiency testing market in North America over the predicted timeline.
The key market participants include Bipea, Absolute Standards Inc., Bio-Rad Laboratories, NSI Lab Solutions, Merck, QACS, AOAC, Phenova Inc., LGC Limited, Advanced Analytical Solutions, LLC, FAPAS, Randox Laboratories, and College of American Pathologists and Waters Corporation.
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