The Global Laboratory Proficiency testing Market is poised to register a CAGR of 6.4% during the forecast period 2022 to 2028.
Laboratory proficiency testing determines the performance of unusual laboratories for specific tests or measurements and is used to monitor laboratories’ long-term performance. One or more artefacts are sent nearby between participating laboratories during the laboratory proficiency test. Each laboratory measures the artefacts (for example, a ring gauge or a set of gauge blocks) according to a set of instructions and reports its findings to the administrator. Each laboratory’s results for a measure are compared to the reference value for that measure. There are several methods for determining the reference value. The two most commonly used methods are to use a reference laboratory or to average the values reported by the associates. Following the completion of a proficiency test, laboratories present a report summarising the results. This allows them to understand the causes of any detected variations and improve their analytical performance. Furthermore, proficiency testing is a prerequisite for operational excellence and authorization in a variety of industries. The growing number of new proficiency testing programmes promoted by key players is driving the global laboratory proficiency testing market. Furthermore, the growing adoption of laboratory proficiency testing as a result of stringent regulations, as well as a growing focus on diagnostic laboratories as a result of the COVID-19 pandemic, is driving market growth. Proficiency testing ensures that the tests for the detection of the novel coronavirus are correctly rendered, processed, and administered in order to achieve high precision and confidence in results. The increasing number of stringent regulations imposed by various authorised bodies to improve the quality and safety of food and drug products has paved the way for new proficiency testing programmes. The increasing emphasis on operational excellence in a variety of industries, as well as the growing need for water testing and the increasing adoption of antimicrobial susceptibility testing methods, will drive market growth. Proficiency testing is concerned with the comparison of measuring results obtained from various laboratories. It also determines the performance of individual laboratories for specific tests and measurements and aids in the monitoring of the laboratories’ ongoing performance.
The astute research report on Laboratory Proficiency testing market provides intricate details for analyzing appropriate parameters and valuable insights. The report offers extensive information about this business to help bring forth the growth potential of the market across various segments and provides the clients with a comprehensive analysis of factors like market size, market growth trends, competitive landscape, product utilization, regional growth prospects, and application potential, etc. The data provided in the report has been gathered from a wide variety of sources by using primary and secondary research. This Laboratory Proficiency testing research report also provides crucial insights into consumer behaviour, brand positioning, pricing analysis, and key player strategies. The market overview included in the Laboratory Proficiency testing research report incorporates critical factors procured from industry analysts, prominent players as well as trade and industrial organizations.
The report on Laboratory Proficiency testing market offers up-to-date information on the factors impeding the market growth which shall provide vendors with crucial insights into understanding the market dynamics thereby aiding the clients to sketch out a better business strategy. These factors will help them identify market growth opportunities. Furthermore, FutureWise research analysts provide timely assistance to their customers in understanding eccentric market parameters more effectively thereby leading to better decision-making.
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The Laboratory Proficiency testing market research report is segmented – by industry, by technology, and by region. It also consists of insights regarding the revenue value and sales volume during the forecasted timeframe of 2022 to 2028.
Laboratory Proficiency testing Market Segmentation:
By Industry
Clinical Diagnostics
Food and Animal Feed
Microbiology
Environmental
Commercial Beverages
Pharmaceuticals
Water
Nutraceuticals
Biologics
Cannabis/Opioids
Dietary Supplements
Cosmetics
By Technology
Polymerase Chain Reaction (PCR)
Cell Culture
Immunoassays
Chromatography
Spectrometry
Other Technologies
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Laboratory Proficiency testing Market Regional Analysis:
The report provides a complete evaluation of the potential amplification of the Laboratory Proficiency testing Market in pivotal geographic regions such as North America, Asia Pacific, Europe, Latin America and Middle East & Africa.
Competitive Landscape:
Some of the key market players are
Absolute Standards Inc
NSI Lab Solutions
AOAC
Phenova Inc
Advanced Analytical Solutions, LLC
FAPAS
Bipea
Bio-Rad Laboratories
LGC Limited
Merck
Randox Laboratories
QACS
College of American Pathologists
Waters Corporation
FutureWise Key Takeaways:
Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth
Objectives of the Study:
To provide an extensive analysis of the global Laboratory Proficiency testing market by industry, by technology, and by region
To carter complex data and information on the characteristics influencing the market growth (drivers, restraints, opportunities, and industry-specific restraints)
To predict and assess micro-markets and the overall market
To anticipate the market size, in key geographical regions (along with countries)— North America, Europe, Asia Pacific, Latin America and the Middle East and Africa
To estimate and inspect competitive landscape mapping- technological advancements, product launches, mergers and expansions
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