The growth of the laboratory proficiency testing market is primarily driven by stringent safety and quality regulations for food and pharmaceutical products, increasing focus on water testing, and increasing number of laboratory accreditations. However, the need for proficiency testing scheme harmonization and the dearth of skilled professionals pose potential challenges to the market landscape. The growth of the pharmaceutical proficiency testing market is driven by the growth of the pharmaceuticals market, the surge in the generics market, stringent quality control in the production of pharmaceutical products, and the emerging biosimilars market, while the major restraining factor is cost and time-intensive drug manufacturing process.
The report Laboratory Proficiency Testing Market to
grow from USD 1.2 billion in 2023 to USD 1.6 billion by 2028, at a CAGR of 7.4%
during the forecast period.
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Driver:
Stringent safety and quality regulations for food and pharmaceutical products
Growing complexities in the supply chain of food and
pharmaceutical products, rising use of economic lack of adoption of proper
hygiene, growing instances of adulteration, and sanitation practices during
production, transportation, and storage, lack of awareness about allergens,
growing instances of cross-contamination, and non-compliance with labeling laws
have increased the incidence of contamination of final products, which in turn
are responsible for large-scale outbreaks of foodborne illnesses in consumers.
This has raised severe concerns among producers, regulatory authorities, end
consumers, and other industry stakeholders.
Opportunity:
Growth opportunities in emerging countries
Emerging economies such as China, India, and South
Korea are expected to offer significant growth opportunities for players
operating in the laboratory proficiency testing market. This can primarily be
attributed to the presence of less stringent regulatory policies, low labor
costs, and high growth in their respective pharmaceutical and food sectors.
These countries are attracting pharmaceutical
companies not only because of the low-cost manufacturing advantage but also due
to the high and growing incidence of chronic and infectious diseases, rising
disposable income levels, improving access to healthcare services, and
implementation of favorable government policies. The growing presence of global
as well as local pharmaceutical and biopharmaceutical companies in these
countries is, in turn, driving the demand for proficiency testing services.
Market Segmentation: -
Based on industry, the laboratory proficiency
testing market is segmented into clinical diagnostics, microbiology,
pharmaceuticals, food & animal feed, water, biologics, environmental,
commercial beverages, cosmetics, cannabis/opioids, dietary supplements, and
nutraceuticals. In 2022, the clinical diagnostics segment accounted for the
largest share of the laboratory proficiency testing market. Factors such as the
rising demand for early and accurate disease diagnosis, advancements in
clinical diagnostic techniques, rising government initiatives to improve the
quality and affordability of clinical diagnostic testing procedures, increasing
incidence of target diseases, and growing public-private investments as
well as research funding & grants to develop innovative laboratory testing
procedures, are driving the growth of the clinical diagnostics segment.
Based on technology, the global proficiency testing
market is segmented by various technologies, including chromatography,
spectrophotometry, immunoassays, PCR, cell culture, and other techniques. In
2022, the cell culture segment held the largest market share in the Laboratory
Proficiency Testing market. However, it is anticipated that the chromatography
segment will experience the highest compound annual growth rate (CAGR) during
the forecast period. This can be attributed to the increasing use of chromatographic
techniques in water, pharmaceutical, and food industries.
Regional Analysis:
The laboratory proficiency testing market is
segmented into five primary regions: North America, Europe, Asia Pacific, Latin
America, and the Middle East & Africa. In 2022, North America held the
largest market share. However, it's expected that the Asia Pacific (APAC)
market will experience the most rapid growth throughout the forecast period.
This growth is mainly attributed to the rising demand for outsourcing
analytical testing services in countries such as China, India, Japan, and
Singapore. In addition, governments and regulatory bodies across APAC countries
are tightening regulations to ensure the accuracy and reliability of testing
and measurements. These factors are supporting the growth of the adoption of
laboratory proficiency tests in the region.
Recent Developments of
Laboratory Proficiency Testing Industry
- In July 2023, LGC Limited (US)
acquired Kavo International (US) to strengthen its portfolio of quality
measurement tools.
- In March 2023, the College of
American Pathologists (US)launched a new proficiency testing program
focused on the monkeypox (mpox) virus. By introducing the new mpox PT
program, laboratories can enhance the quality assurance of their molecular
testing process and contribute to the assurance of precise and dependent
test outcomes, aiding in the detection of the mpox virus.
- In April 2022, Spex CertiPrep
(US) acquired NSI Lab Solutions (US) to strengthen its product portfolio
in the proficiency testing segment.
- In January 2022, Fera Science
Ltd. - FAPAS (UK) formed a partnership with BioFront Technologies, which
will act as the agent representing FAPAS proficiency testing services in
the United States.
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Top key Players:
The prominent players in the laboratory proficiency
testing market are LGC Limited (UK), College of American Pathologists (US),
Bio-Rad Laboratories (US), Merck KGaA (Germany), American Proficiency Institute
(US), Randox Laboratories (UK), Fapas (Fera Science Ltd.) (UK), Waters
Corporation (US), QACS (Greece), Weqas (UK), AOAC INTERNATIONAL (US), Bipea
(France), SPEX CertiPrep (US), Absolute Standards Inc. (US), Trilogy Analytical
Laboratory (US), Advanced Analytical Solutions (US), American Industrial Hygiene
Association (US), Matrix Sciences (US), Aashvi Proficiency Testing &
Analytical Services (India), Global Proficiency (New Zealand), The Emerald Test
(US), FLUXANA GmbH & Co. KG (Germany), Phenova Inc. (US), FARE Labs
(India), Go Plus Services SDN BHD (Malaysia), and Muva Kempten GmbH (Germany).
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