Proficiency testing compares the measuring results obtained by different laboratories. The market is anticipated to grow in the forecast period owing to driving factors such as emerging biosimilars market, increasing demand for packaged food products and increasing focus on water testing as it contains a wide range of inorganic and organic analytes including routine and toxic metals. Several companies such as Bio-Rad constantly introduce innovations in the testing programs. These programs are efficient and help the laboratories to maintain their quality according to standards set by international associations. Other factors, such as Increasing safety regulations for the pharmaceutical and food industry and rising government initiatives to increase awareness and is expected to drive the laboratory proficiency testing market in the forecast period.
Key Market Trends
Chromatography Segment is Expected to Grow at the Highest CAGR During the Forecast Period
By Technology, the market has been segmented into polymerase chain reaction, immunoassays, chromatography, spectrometry, and other technologies. Chromatography is used to carry out difficult separations like amino acid sequencing or pollutant separations. There are several advantages associated with chromatographic testing such as improved safety, reliability, and transparency of the pharmaceutical supply chain by testing the strength, purity, quality, and potency of a drug product are the major factors driving the growth of this segment.
North America dominates the Laboratory Proficiency Testing Market
North American market is driven by multiple factors such as rising awareness regarding availability of superior quality laboratory proficiency testing programs along with favorable regulatory scenario, which support the growth of this market. Furthermore, developed economies such as the U.S. and Canada have skilled professionals, which drives the market. North America is hub for pharmaceuticals, food & beverages, water & environment, and cosmetics industries. Hence, the global laboratory proficiency testing is projected to surge in the forecast years.
The market stiudied is moderately competitive and consists most of the international players. Some of the major players in the laboratory proficiency testing market include Bio-Rad Laboratories, Inc., FAPAS (A Division of Fera Science Limited), LGC Limited, Merck KGaA, NSI Lab Solutions, QACS Ltd, Trilogy Analytical Laboratory and Waters Corporation, which provides these products across the globe.
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