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The global laboratory proficiency testing market exhibited strong growth during 2015-2020. Laboratory proficiency testing, or external quality assessment (EQA), refers to the tests conducted for determining and measuring the performance of independent laboratories. It involves quantitative, qualitative, sequential, simultaneous, single occasion and continuous testing, sampling, data transformation and interpretation. The tests are usually conducted to provide accreditation and ensure the optimum performance of these laboratories. The results obtained from different laboratories are compared to each other for elaborate comparative analysis. As a result, the testing solutions find extensive applications across various industries, including food and beverage, medical, cosmetics and pharmaceutical.
Significant growth in the pharmaceutical industry across the globe is one of the key factors creating a positive outlook for the market. Laboratory proficiency testing is widely used in the manufacturing of generic and biosimilar drugs and eliminate chemical residual solvents in prescription opioids. Furthermore, the increasing instances of chemical contamination in food products are providing a thrust to the market growth. Various food safety and regulatory authorities are implementing stringent policies for maintaining the quality standards in ready-to-eat (RTE) and packaged food products. The tests are conducted using polymerase chain reaction, immunoassay, chromatography and spectrometry technologies for pathogen, endotoxin, pyrogen and other microbial testing. In line with this, the increasing requirement for microbial water quality analysis is also favoring the market growth. Other factors, including various technological advancements, such as the utilization of fully automated instruments for proficiency testing in laboratories, are anticipated to drive the market toward growth. Looking forward, IMARC Group expects the global laboratory proficiency testing market to grow at a CAGR of around 7% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global laboratory proficiency testing market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, industry, technology and end use.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Absolute Standards Inc., American Proficiency Institute, AOAC International, Bio-Rad Laboratories Inc., BIPEA, FAPAS, LGC Limited, Merck KgaA, NSI Lab Solutions, QACS - The Challenge Test Laboratory, Randox Laboratories Limited, Waters Corporation and Weqas.
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