July 17, 2024
Demand for standardization, quality assurance and regulatory compliances:The demand for laboratory proficiency testing

The Laboratory Proficiency Testing Market Is Expected To Be Flourished By Growing Adoption Of External Quality Assessment Services

The laboratory proficiency testing market includes companies that provide quality control and external quality assessment tools and services to laboratories. These services help laboratories evaluate their performance in analytical tests through inter-laboratory comparisons and identify areas for improvement. They play a vital role in ensuring quality and reliability of testing results. Proficiency testing schemes are designed across various analytical categories including microbiology, chemistry, pathology, and commercial testing. They provide rigorous testing samples to evaluate performance across accuracy, precision, and detection capabilities. The global laboratory proficiency testing market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 2.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Growing Adoption of External Quality Assessment Services: External quality assessment services provide objective evaluation of testing abilities of laboratories. They help identify issues in accuracy, techniques, and reporting. Regulatory bodies across countries are emphasizing on implementation of mandatory proficiency testing programs. For instance, Clinical Laboratory Improvement Amendments (CLIA) in the US mandates clinical laboratories to participate in proficiency testing programs. Similarly, national accreditation bodies in Europe and Asia Pacific have made proficiency testing compulsory for accredited laboratories. Growing regulatory emphasis is expected to drive the adoption of external quality assessment services over the forecast period.

Segment Analysis

Laboratory Proficiency Testing Market is segmented into clinical chemistry, microbiology, food chemistry, DNA sequencing and molecular diagnostics, proficiency testing, anatomic pathology, drug screening and others. Among these, Clinical chemistry segment dominates the market and accounts for over 35% share globally. Clinical chemistry tests help in screening, diagnosing and monitoring various diseases. Hence, clinical chemistry segment witnesses high demand from diagnostic laboratories and hospitals for testing samples.

PEST Analysis

Political: Government regulations regarding quality control and certification of laboratories propel the growth of proficiency testing market. Various accreditation bodies mandate participation in proficiency testing programs.
Economic: Rising healthcare spending and growing focus on precision medicine have boosted investments in life science research. This drives demand for proficiency testing to validate test results.
Social: Increasing prevalence of chronic diseases and genetic disorders have raised the need for early and accurate diagnosis. This augments the demand for proficiency testing from diagnostic labs.
Technological: Advancements in areas of DNA sequencing, molecular diagnostics and precision medicine are expanding applications of proficiency testing. Introduction of new biomarkers and tests requires validation through proficiency testing programs.

Key Takeaways

The global Laboratory Proficiency Testing Market Growth is expected to witness high growth over the forecast period of 2023 to 2030.

Regional Analysis:

North America dominates the market currently due to large base of diagnostic laboratories and stringent protocols for laboratory accreditation in the region. The clinical chemistry segment will continue dominating globally owing to extensive application in screening and monitoring of various diseases.

Key players operating in the Laboratory Proficiency Testing Market are Mason Corporation, Ace Chemical Company, City Chemicals LLC, TIB Chemicals AG, Pfaltz & Bauer Inc., GFS Chemicals, Showa America, S V Plastochem Private Limited, Westman Chemicals Pvt, William Blythe, Haihang Industry Co.,Ltd, and Strem Chemicals. Mason Corporation and City Chemicals LLC captured significant market share due to their comprehensive portfolio of proficiency testing programs for clinical, food, environmental and forensic laboratories.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it