LABORATORY PROFICIENCY TESTING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Laboratory Proficiency Testing Market Size and Trends

Global laboratory proficiency testing market is expected to reach US$ 2.11 billion by 2030, from US$ 1.29 billion in 2023, exhibiting a CAGR of 7.3% during the forecast period. Laboratory proficiency testing involves the use of interlaboratory comparisons to determine the performance of individual laboratories for specific tests or measurements and monitoring laboratories' continuing performance. It is used to assess and enhance the quality of laboratory testing processes. The key advantages of proficiency testing include improving patient safety through robust quality control, meeting regulatory compliance standards, and gaining a competitive edge for laboratories.

The technology segment accounted for the largest share of the laboratory proficiency testing market in 2022.

Global Laboratory Proficiency Testing Market- Trends

• Increasing Partnership among Market Players: Increasing partnership among the market players can drive the market growth over the forecast period. For instance, in October 2021, Waters Corporation, an analytical laboratory instrument and Software Company, and Sartorius, an international pharmaceutical and laboratory equipment supplier, partnered to help bioprocess experts to achieve direct access to high-quality mass spectrometry (MS) data.