Laboratory Proficiency Testing Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theLaboratory Proficiency Testing Market?
The escalating growth of the biosimilars market is anticipated to stimulate the expansion of the laboratory proficiency testing market. Biosimilars are essentially identical copies of original biologic medicinal products, manufactured by different companies. With the expansion of the biosimilars market, there’s a rising need for rigorous analytical and bioanalytical examination of these products. In turn, this could lead to increased demand for laboratory proficiency testing services to guarantee precise and trustworthy test results. For instance, IQVIA, an American commercial outsourcing and biopharmaceutical development services provider, stated that the biosimilar value surged at a 78% CAGR between 2015 and 2020, amounting to approximately $17.9 billion in 2020. It’s also projected to grow at a 15% CAGR from 2020 to 2030, reaching an approximate $75 billion in the subsequent decade. The estimated increase in losses of protection (LOP) instances for originator pharmaceutical products is expected to be a primary propellant of biosimilar volume growth over the next decade. Therefore, the expansion of the biosimilars market is fuelling the growth of the laboratory proficiency testing market.
Get Your Free Sample Report Now – Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10518&type=smp
How Will the Growth Rate of theLaboratory Proficiency Testing Market Impact Industry Trends by 2034?
In recent years, there has been a significant increase in the size of the laboratory proficiency testing market. The market size is projected to expand from a worth of $1.45 billion in 2024 to around $1.55 billion in 2025, signaling a compound annual growth rate (CAGR) of 7.4%. This growth in the historical phase can be credited to a strong emphasis on quality assurance, regulatory compliance obligations, specific testing necessities in different industries, the standardization of testing at a global scale, and continuous professional development.
The market for laboratory proficiency testing is set to witness significant expansion in the coming years, estimating to reach “$2.23 billion by 2029, with a compound annual growth rate (CAGR) of 9.5%. This projected growth within the forecast period is primarily due to the adoption of artificial intelligence, ongoing professional development, a focus on quality assurance, the increasing need for precise testing, and the universalization of quality standards. Key trends expected throughout the forecast period involve the transition to digital and online testing, personalized testing procedures, an emphasis on data analytics, a growing demand for accreditation, and initiatives aiming at quality enhancement.
You can Directly Purchase the Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10518
What Are the Current Market Growth and Trends in theLaboratory Proficiency Testing Market That Industry Players Should Watch?
The rise of product advancements is a central trend being observed in the laboratory proficiency testing industry. Leading corporations in this niche are initiating new products to maintain their market presence. For instance, in February 2022, BIPEA, a non-profit organization headquartered in Europe that offers proficiency testing programs for food and environmental samples, introduced PT 35d. This initiative is specifically a proficiency testing method for water microbiological exam centers, which primarily focuses on enumerating yeasts and molds in natural water. This quality control measure includes two stages, and it’s implemented by express couriers who deliver two cooled water samples to the participating labs in both stages.
What Are the Major Market Players Making an Impact on theLaboratory 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
Order Your Report Now For A Swift Delivery:
How Are the Key Segments of the Laboratory Proficiency Testing Market Driving Opportunities and Innovations?
The laboratory proficiency testing market 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)
Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=10518&type=smp
What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theLaboratory Proficiency Testing Market?# Market Expansion?
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
Browse Through More Reports Similar to the Gobal Laboratory Proficiency Testing Maret 2025, By The Business Research Company:
Laboratory Centrifuge Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/laboratory-centrifuge-global-market-report
Analytical Laboratory Instrument Global Market Report 2024
Veterinary Reference Laboratory Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
