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What Is The Future Market Size Estimation For The Laboratory Proficiency Testing Market Covering 2025–2034?
The market for laboratory proficiency testing has experienced robust expansion over recent years. This market is projected to expand from $1.45 billion in 2024 to reach $1.55 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 7.2%. Historically, this growth has been driven by factors such as a strong emphasis on quality assurance, the necessity for regulatory compliance, particular testing demands across various industries, the globalization of testing standard, and ongoing professional development.
The laboratory proficiency testing market is anticipated to experience substantial expansion in the coming years, with its size projected to reach $2.22 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 9.4%. This projected growth is largely due to factors such as the integration of artificial intelligence, ongoing professional development, a strong emphasis on quality assurance, the increasing need for accurate testing, and the globalization of quality standards. Significant developments expected during this forecast period include the move towards digitalization and online testing, the creation of customized testing programs, a heightened focus on data analytics, a growing demand for accreditation, and various quality improvement initiatives.
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What Are The Main Drivers Boosting The Laboratory Proficiency Testing Industry’s Expansion?
The expansion of the biosimilars market is anticipated to fuel the growth of the laboratory proficiency testing market in the future. Biosimilars are biological medicinal products that essentially duplicate an original product manufactured by a separate entity. As the biosimilar market expands, there is a greater requirement for analytical and bioanalytical testing of these products. This, in turn, can result in increased demand for laboratory proficiency testing services to ensure the precision and reliability of test results. For instance, according to IQVIA, a US-based provider of commercial outsourcing and biopharmaceutical development services, the biosimilar value saw an increase at a 78% CAGR between 2015 and 2020, reaching approximately $17.9 billion in 2020. It is projected to further increase at a 15% CAGR between 2020 and 2030, reaching an estimated $75 billion within the next decade. The estimated number of losses of protection (LOP) occurrences for originator pharmaceutical products will be a primary factor driving the biosimilar volume increase over the coming decade. Therefore, the growth in the biosimilars market is directly boosting the growth of the laboratory proficiency testing market.
What Are The Leading Segments Analyzed In The Laboratory Proficiency Testing Market?
The laboratory proficiency testingmarket covered in this report is segmented –
1) By Technology: Cell Culture; PCR; Immunoassays; Chromatography; Spectrophotometry; Other Technologies
2) By Test: Routine; Specialty
3) By Department: Parasitology; Virology; Hematology; Toxicology; Immunology/Serology; Histopathology; Urinalysis; Other Departments
4) By End-use: Hospitals; Contract Research Organizations; Pharmaceutical & Biotechnology Companies; Academic Research; Diagnostic Laboratories; Independent Laboratories; Specialty Laboratories
Subsegments:
1) By Cell Culture: Adherent Cell Culture; Suspension Cell Culture
2) By PCR (Polymerase Chain Reaction): Quantitative PCR (qPCR); Reverse Transcription PCR (RT-PCR); Digital PCR
3) By Immunoassays: Enzyme-Linked Immunosorbent Assay (ELISA); Radioimmunoassay (RIA); Chemiluminescent Immunoassay (CLIA)
4) By Chromatography: Liquid Chromatography; Gas Chromatography; Ion Chromatography
5) By Spectrophotometry: Ultraviolet-Visible Spectrophotometry; Infrared Spectrophotometry; Atomic Absorption Spectrophotometry
6) By Other Technologies: Mass Spectrometry; Flow Cytometry; Next-Generation Sequencing (NGS)
What Are The Major Trends Driving The Growth Of The Laboratory Proficiency Testing Market?
Product innovation is an increasingly popular trend observed within the laboratory proficiency testing market. Leading entities engaged in the laboratory proficiency testing market are actively creating novel products to maintain their competitive standing. An illustrative example is the launch of PT 35d in February 2022 by BIPEA, a Europe-based non-profit organization specializing in proficiency testing programs for food and environmental samples. This particular scheme functions as a proficiency test specifically designed for water microbiological testing laboratories, with an emphasis on the enumeration of yeasts and molds present in fresh water. The quality control initiative is structured into two rounds, wherein express carriers are responsible for delivering two refrigerated water samples to the participating laboratories during each round.
Which Major Industry Participants Are Leading The Laboratory Proficiency Testing Market Growth?
Major companies operating in the laboratory proficiency testing market include LGC Limited, American Proficiency Institute, College of American Pathologists, Bio-Rad Laboratories, Randox Laboratories, Merck KGAA, FAPAS, Waters Corporation, QACS International Pvt. Ltd., Wales External Quality Assessment Scheme, AOAC INTERNATIONAL, Bureau Interprofessionnel d’Études Analytiques., SPEX CertiPrep Group LLC, Absolute Standards Inc, Trilogy Analytical Laboratories, Advanced Analytical Solutions, NSI Lab Solutions, INSTAND e.V., Anresco Laboratories, Avomeen Analytical Services, BioScreen Testing Services Inc., Brooks Applied Labs, Comprehensive Pain and Treatment Center, EMSL Analytical Inc., Eurofins Scientific SE, Exova Group Limited, Food Safety Net Services LLC, Analytical Laboratory Services Inc., Singapore Accreditation Council, Proctor & Allan East Africa Limited
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Which Region Is Expected To Witness The Fastest Growth In The Laboratory Proficiency Testing Market?
North America was the largest region in the laboratory proficiency testing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global laboratory proficiency testing market report during the forecast period. The regions covered in the laboratory proficiency testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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