Market Challenges And Opportunities
Global Laboratory Proficiency Testing Market- Drivers
- Growing Adoption of Proficiency Testing Services: Increasing adoption of proficiency testing services by laboratories is a major factor driving growth of the laboratory proficiency testing market. Proficiency testing enables laboratories to evaluate and monitor the quality and accuracy of their testing processes. More laboratories are utilizing these services to meet quality standards and regulatory requirements. Rising number of accredited laboratories and need to gain ISO certifications is further boosting adoption of proficiency testing services. Many labs are also using these services to train staff, identify gaps, implement corrective measures, and improve patient safety. The growing reliance of healthcare providers on accurate test results provided by labs and rising focus on providing quality patient care are some of the key factors propelling the adoption of proficiency testing services.
- Rising Inorganic Strategies: Market players are focusing on inorganic strategies such as agreement, collaboration, and partnership to increase their market share. For instance, on April 29, 2022, Spex CertiPrep, provides inorganic and organic certified reference materials, an Antylia Scientific company, provides solutions to the diagnostic market announced a partnership with NSI Lab Solutions, an ISO/IEC 17025, 17043 and ISO 17034 accredited organization, to provide a robust proficiency testing (PT) program for laboratories around the world.
Global Laboratory Proficiency Testing Market- Opportunities
- Increasing Launch of Proficiency Testing Program: Increasing launch of proficiency testing drives the market growth over the forecast period. For instance, in March 2023, the College Of American Pathologist, which is located in Illinois launched a new proficiency testing program focused on the monkey pox virus, with that laboratories can enhance the quality assurance of their molecular testing process.
- Increasing adoption in emerging countries: Growing focus on improving healthcare quality and laboratory testing standards in emerging countries provides significant growth opportunities for laboratory proficiency testing market. Developing economies such as China, India, Brazil, and South Africa are undertaking initiatives to obtain international laboratory accreditations. This is expected to increase the adoption of quality control and proficiency testing practices to meet ISO and other certification requirements. Moreover, rising investments in healthcare infrastructure development and growth of clinical testing industry in these countries will further support market expansion. Players can capitalize on this demand by offering a diverse range of proficiency testing services tailored to meet the unique needs of laboratories in emerging markets.
- High costs of implementation and participation: The high costs associated with implementing and participating in proficiency testing programs restraint the market growth. Accredited laboratories are required to undertake PT across diverse tests and analytes regularly that entails very high costs. The expenses are much more pronounced for small to mid-sized laboratories with limited budgets. The costs include program enrollment fees, purchasing PT samples/kits, training, hiring dedicated personnel, implementing corrective actions, and maintaining documentation. Limited reimbursements for participation costs also restrain uptake among resource-constrained laboratories.
Global Laboratory Proficiency Testing Market- Restraints
- High costs of implementation and participation: The high costs associated with implementing and participating in proficiency testing programs restraint the market growth. Accredited laboratories are required to undertake PT across diverse tests and analytes regularly that entails very high costs. The expenses are much more pronounced for small to mid-sized laboratories with limited budgets. The costs include program enrollment fees, purchasing PT samples/kits, training, hiring dedicated personnel, implementing corrective actions, and maintaining documentation. Limited reimbursements for participation costs also restrain uptake among resource-constrained laboratories.
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