Laboratory Proficiency Testing Market Trends, Opportunities, and Forecast by 2031

MARKET OVERVIEW

:
Laboratory proficiency testing is an external quality and accuracy assessment process that examines unknown specimens obtained from a service provider to assure accurate lab testing results. Internal quality control is more than just lab proficiency testing.

MARKET SCOPE

The "Laboratory proficiency testing market to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of laboratory proficiency testing market with detailed market segmentation by of Industry and Technology. The laboratory proficiency testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in laboratory proficiency testing market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  n the basis of industry, the market is segmented into Clinical Diagnostics, Food and Animal Feed, Microbiology, Environmental, Commercial Beverages, Pharmaceuticals, Water, Nutraceuticals, Biologics, Cannabis, Dietary Supplements and Cosmetics.
  
•  n the basis of technology, the market is segmented into Therapeutics, Drug Formulation & Vaccines, and Component of media and Other Applications.
  

MARKET DYNAMICS

Drivers:

•  The increased focus on diagnostic laboratories, laboratory proficiency testing is becoming more widely used. The market is also likely to be driven by the increasing number of new proficiency testing programmes launched by key players.
  
•  Foodborne illness epidemics are expected to increase as a result of the intake of contaminated foods that contain viruses, bacteria, chemical compounds, and parasites is anticipated to accelerate market growth
  

Restraints

The market's growth is hampered by the availability of substitutes and the high costs associated with laboratory proficiency testing market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the laboratory proficiency testing market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The laboratory proficiency testing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting laboratory proficiency testing market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the laboratory proficiency testing market in these regions.

IMPACT OF COVID-19 ON LABORATORY PROFICIENCY TESTING MARKET:

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. The global impacts of the COVID-19 are already starting to be felt, and will significantly affect the laboratory proficiency testing market in 2021.Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the laboratory proficiency testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from laboratory proficiency testing market are anticipated to have lucrative growth opportunities in the future with the rising demand for laboratory proficiency testing market in the global market. Below mentioned is the list of few companies engaged in the laboratory proficiency testing market.

The report also includes the profiles of key players in laboratory proficiency testing market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.

•  LGC Limited
  
•  American Proficiency Institute
  
•  Fera Science Limited
  
•  Merck KGaA
  
•  Waters Corporation
  
•  QACS Ltd
  
•  Weqas
  
•  Advanced Analytical Solutions
  
•  Bio-Rad Laboratories, Inc.
  
•  TRILOGY ANALYTICAL LABORATORIES
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Laboratory Proficiency Testing Report Scope