The laboratory proficiency testing industry is poised for significant growth in the near future as advancements in technology and increased regulatory scrutiny continue to drive demand for accurate and reliable testing services across various sectors such as healthcare, environmental monitoring, food safety, and materials science. With the ever-expanding complexity of testing methodologies and the need for stringent quality control, proficiency testing providers will play a crucial role in ensuring the competence of laboratories worldwide. This industry is expected to witness a surge in innovation, automation, and global collaboration, ultimately contributing to enhanced precision and reliability in laboratory testing, which is vital for public health, safety, and product quality assurance in an increasingly interconnected and data-driven world.
Laboratory Proficiency Testing market in terms of revenue was estimated to be worth $1.2 billion in 2023 and is poised to reach $1.6 billion by 2028, growing at a CAGR of 7.4% from 2023 to 2028 according to a latest report published by MarketsandMarkets™.
Increasing stringent safety and quality regulations for food and pharmaceutical products, increasing focus on water testing and increasing number of laboratory accreditations are the major factors driving the growth of the laboratory proficiency market. Due to the mandatory requirement for laboratories operating in various regulated industries, such as those directed by organizations like CLIA, APLAC, and CLSI, the proficiency testing market is anticipated to experience substantial growth in the upcoming forecast period. However, the requirement of high capital investments for accurate and sensitive testing is expected to restrain the growth of this market during the forecast period. The considerable opportunities in the market are technological advancements in the testing industry and growing opportunities in emerging countries, increasing adoption of proficiency tests for food adulteration while some crucial challenges are the need for proficiency testing scheme harmonization, dearth of skilled professionals and logistical and data interpretation challenges.
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Laboratory Proficiency Testing market major players covered in the report, such as:
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This report categorizes the global laboratory proficiency testing market to forecast revenue and analyze trends in each of the following submarkets:
By Industry
By Technology
By Region
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The key stakeholders in the Laboratory Proficiency Testing market include:
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