Laboratory Proficiency Testing Market Worth $ 1283.50 Million, Globally, by 2027 at 6.50% CAGR: Verified Market Research

Factors such as growing number of new proficiency testing programs being propelled by key players. Several organizations are undertaking drives to resist the challenges faced by laboratories related to accreditation, thereby boosting the market growth

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Verified Market Research

Jan 28, 2021, 09:14 ET

JERSEY CITY, N.J., Jan. 28, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Laboratory Proficiency Testing Market" By Industry Type (Clinical Diagnostics, Microbiology, Pharmaceuticals, Biologics, and Others), By Technology (Polymerase Chain Reaction, Immunoassays, Chromatography, Spectrometry, and Other Technologies), and By Geography. According to Verified Market Research, the Global Laboratory Proficiency Testing Market was valued at USD 825.83 Million in 2020 and is projected to reach USD 1283.50 Million by 2027, growing at a CAGR of 6.50 % from 2021 to 2027.

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Browse in-depth TOC on "Laboratory Proficiency Testing Market"

202 - Pages
126 – Tables
37 – Figures

Global Laboratory Proficiency Testing Market Overview

The global laboratory proficiency testing market is predominantly driven by the growing number of new proficiency testing programs being propelled by key players. Additionally, the growing adoption of laboratory proficiency testing due to stringent regulations as well as a rising focus on diagnostic laboratories due to the COVID-19 pandemic is also driving the growth of the market. Proficiency testing helps to assure that the tests for the detection of the novel coronavirus are being rendered accurately, processed, and administered appropriately to obtain high precision and confidence in results.

Furthermore, stringent regulations imposed by regulatory authorities such as the Food and Drug Administration to assure the quality of the food and drug products are expected to drive the global laboratory proficiency testing market. Due to severe regulations, various laboratories across the globe are opting for laboratory proficiency testing. Besides, the increasing demand for testing water to determine levels of contamination and its portability is anticipated to nudge the global laboratory proficiency testing market to expand in the following years.

The major players in the market are LGC Limited (UK), Bio-Rad Laboratories (US), Randox Laboratories (UK), Merck (Germany), College of American Pathologists (US), American Proficiency Institute (US), Waters Corporation (US), QACS (Greece), FAPAS (UK), and AOAC (US).

Verified Market Research has segmented the Global Laboratory Proficiency Testing Market On the basis of Industry Type, Technology, and Geography.

Laboratory Proficiency Testing Market by Industry Type

Clinical Diagnostics
Microbiology
Pharmaceuticals
Biologics
Others

Laboratory Proficiency Testing Market by Technology

Polymerase Chain Reaction
Immunoassays
Chromatography
Spectrometry
Other Technologies

Laboratory Proficiency Testing Market by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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