CHICAGO, April 23, 2019 /PRNewswire/ -- According to the
new market research report "Laboratory Proficiency Testing
Market by Industry (Clinical Diagnostics (Routine Chemistry),
Microbiology (Pathogens, Sterile Tests), Food, Animal Feed (Fish,
Vegetable), Commercial Beverage (Alcohol), Water, Technology
(PCR,)) - Global Forecast to 2024", published by
MarketsandMarkets™, the Laboratory Proficiency
Testing Market is projected to reach USD
1,103 million by 2024 from USD 800
million in 2019, at a CAGR of 6.6% during the forecast
period.
Don't miss out on business opportunities in Laboratory
Proficiency Testing Market
Proficiency testing forms an essential precondition for
operational excellence and accreditation in several industries.
This is one of the major factors driving the growth of the
proficiency testing market, globally. Also, the stringent safety
and quality regulations for food and pharmaceutical products and
the increasing focus on water testing are the other major factors
supporting market growth.
The cannabis/opioids proficiency testing segment is estimated
to grow at the highest CAGR in the laboratory proficiency testing
market, by industry, during the forecast period
In the laboratory proficiency testing market, by industry, the
cannabis/opioids proficiency testing segment is estimated to grow
at the highest CAGR during the forecast period. Growth in this
segment is primarily driven by the legalization of medical
cannabis, growing number of cannabis testing laboratories, rising
awareness about the medical use of cannabis, and the increasing
availability of analytical testing instruments and software.
Browse in-depth TOC on "Laboratory
Proficiency Testing Market"
249 – Tables
29 – Figures
310 – Pages
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The proficiency testing market for chromatography is
estimated to grow at the highest CAGR in the laboratory proficiency
testing market, by technology, during the forecast period
In the laboratory proficiency testing market, by technology, the
chromatography segment is expected to grow at the highest CAGR
during the forecast period. Chromatography is used to carry out
complicated separations like amino acid sequencing or pollutant
separations, based on differential partitioning between the mobile
and stationary phase. The advantages associated with
chromatographic testing, such as the increased safety, reliability,
and transparency of the pharmaceutical supply chain by testing the
identity, strength, purity, quality, and potency of a drug product,
and the growth in the pharmaceutical industry as a whole are the
major factors driving the growth of this segment.
The Asia Pacific region
holds high growth potential in the laboratory proficiency testing
market
The Asia Pacific is considered
to be the most attractive regional market for laboratory
proficiency testing owing to the large base of manufacturers and
research laboratories in the region. Also, the growing scientific
base and research capabilities in several Asian countries; growth
of the Asian pharmaceutical, food, and biologics markets; and the
large base of CROs in the region are some of the other major
factors driving market growth in the region.
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The prominent players operating in the global laboratory
proficiency testing market are LGC Limited (UK), Bio-Rad
Laboratories (US), Randox Laboratories (UK), Merck (Germany), College of American Pathologists
(US), American Proficiency Institute (US), Waters Corporation (US),
QACS (Greece), FAPAS (UK), AOAC
(US), Phenova Inc. (US), Weqas (Cardiff), Advanced Analytical
Solutions, LLC (UK), Bipea (France), Absolute Standards Inc. (US), and NSI
Lab Solutions (US).
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Instrumentation Market Research Reports &
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