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Laboratory Proficiency Testing Market 2019 Growth Strategy| Global Industry Share, Future Trends, Historical Analysis, Competitive Landscape and Regional Forecast 2024
2019 Research Report on Global Laboratory Proficiency Testing Market is a professional and comprehensive report on the Laboratory Proficiency Testing industry.#Download Free PDF Sample Brochure of report Global Laboratory Proficiency Testing Market 2019 across with 310 Pages and in-depth TOC Analysis @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=2153823
Key Players: 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).
“Global laboratory proficiency testing market is projected to grow at a CAGR of 6.6%”
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. 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.
“Microbiology proficiency testing market is expected to be dominated by the pathogen testing segment in 2019”
The microbiology proficiency testing market is segmented into pathogen testing, sterility testing, end toxin & pyrogen testing, growth promotion testing, and others. The pathogen testing segment is expected to account for the largest market share in 2019.In industries such as food and beverage, detecting pathogens or spoilage microorganisms ensures consumer safety, avoids damage to company brands, and minimizes associated costs. Thus, pathogen testing is a key component and critical success factor in effective food safety and process control programs. Similarly, pathogen testing is carried out in water, cosmetics, biologics, and nutraceuticals industries.
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“North America is expected to account for the largest share of the laboratory proficiency testing market during the forecast period (2019–2024)”
North America is expected to dominate the laboratory proficiency testing market during the forecast period. The proficiency testing market in North America is characterized by the increasing regulatory stringency regarding laboratory operations as a result of the growing product safety and quality concerns. North America is also home to a large number of proficiency testing providers, such as the American Proficiency Institute, College of American Pathologists, Waters Corporation, and AOAC. Factors such as the mandatory adoption of proficiency testing to demonstrate operational excellence, increasing regulatory stringency regarding laboratory operations, and the presence of a large number of global proficiency testing providers are responsible for the large share of North America in the laboratory proficiency testing market.
Research Coverage: The laboratory proficiency testing market in this report is segmented by industry, technology, and region. It provides detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges). The study tracks and analyzes competitive developments (such as partnerships, agreements, collaborations, mergers & acquisitions, product developments, geographical expansions, and R&D activities) and strategically profiles the key players and comprehensively analyzes their market shares and core competencies in the laboratory proficiency testing market.
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In the end, the Global Laboratory Proficiency Testing Market report’s conclusion part notes the estimation of the industry veterans.
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