The Global Laboratory Proficiency Testing Market is projected to reach $1.79 billion by 2028, from a value of $1.10 billion in 2022, by registering a CAGR of 8.5% during the forecast period. Growing focus on water testing, increasing adoption of fully automated instruments & automation in laboratories, and increasing safety regulations for the pharmaceutical and food industry are the major factors propelling the growth of the market. However, a lack of skilled professionals and high capital investments for accurate and sensitive testing is hampering the market growth. Moreover, growth openings in emerging countries and technological advancements in the testing industry are creating ample opportunities across the globe.
Recent Developments
In June 2021, LGC Limited announced the development of a new business group to provide intelligent assurance across supply chains assurance solutions covering critical touch points, with a focus on the manufacturing, laboratory, ingredients, and nutritional supplements sectors.
In March 2020, AOAC INTERNATIONAL announced the expansion of its Laboratory Proficiency Testing Program for the inclusion of proficiency testing for infant formula as well as adult nutritional and pH.
In In October 2021, Waters Corporation (US) partnered with the Sartorius AG (Germany) and was aimed to provide bioprocess experts with direct access to high-quality mass spectrometry (MS) data to accelerate the speed and improve the accuracy of biopharmaceutical process development.
In, In October 2021, Waters Corporation partnered with University of Delaware in the US to develop new analytical solutions for bioprocessing and bio manufacturing. Key to this partnership is Immerse Delaware, an Innovation and Research Lab located at the University of Delaware Science, Technology and Advanced Research (STAR) campus and set to open in early 2022.
Competitive Landscape
Weqas, UK NEQAS, RCPA, Randox Laboratories Ltd., QACS – The Challenge Test Laboratory, NSI Lab Solutions, Merck & Co., Inc., LGC Limited, INSTAND, ERA, College of American Pathologists, BIPEA, Bio-Rad Laboratories, Inc., AOAC International, American Proficiency Institute, Absolute Standards, Inc., Waters Corporation, Fera Science Ltd are some of the major players in the Global Laboratory Proficiency Testing Market
