Laboratory Proficiency Testing Market to reach USD 1.84 Bn by 2029, emerging at a CAGR of 6.3 percent and forecast (2022-2029)

Pune 27, March 2023: The total global market for the "Laboratory Proficiency Testing Market" was valued at USD 1.2 Bn in 2021 and is expected to grow at a CAGR of 6.3 percent over the forecast period to reach USD 1.84 Bn by 2029. Maximize Market Research, an international business & consultancy firm has recently published a report.

Laboratory Proficiency Testing Market Report Scope and Research Methodology

The report provides a strategic analysis of the Laboratory Proficiency Testing Market analysis from top key players including market share, size, major drivers, challenges, and opportunities. A competitive landscape of the market includes new product development, technological innovations, and growth status provides in the report. The report covers an analysis of major players and their market segments, current business strategy, geographical expansion, cost & manufacturing, and pricing structures. For the industrial analysis PESTLE, a SWOT analysis tool was used for the global Laboratory Proficiency Testing Market. The Laboratory Proficiency Testing Market attractiveness index is provided on the basis of Porter's five-force analysis. The reports provide an estimated value of the size and growth potential of the Laboratory Proficiency Testing Market based on the kind of product, the end-use industry, the application and the region. Also report included a comprehensive competitive analysis of the leading players in the Laboratory Proficiency Testing Market, including their company profiles, recent developments, and insights about their products, business offerings and important market tactics.

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Laboratory Proficiency Testing Market Dynamics

The growth of the market is driven by the increasing use of Laboratory Proficiency Testing (LPT) and the growing number of new proficiency testing programs by leading players. The adoption of LPT due to the government's strict regulation and technological advancements in the testing industry is expected to boost Laboratory Proficiency Testing growth. However, advanced technologies such as chromatography, high-performance liquid chromatography and spectrometry are sensitive as well as accurate. These advanced technologies have disadvantages including high costs, time for sample preparation, and calibration, and increase overall cost of testing and are expected to hamper the Laboratory Proficiency Testing growth.

Laboratory Proficiency Testing Market Regional Insights

North America held the largest Laboratory Proficiency Testing Market share in 2021 and is expected to grow at a significant CAGR during the forecast period. The Laboratory Proficiency Testing Market growth is driven by technology development in the pharmaceuticals, food & commercial beverages, cosmetics and others sectors. The strong presence of various well-known proficiency testing providers and regulations regarding laboratory operations are expected to drive the Laboratory Proficiency Testing Market growth in the region over the forecast period.

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Laboratory Proficiency Testing Market Segmentation

By Industry:
Clinical Diagnostics
Microbiology
Food & Animal Feed
Commercial Beverages
Environmental
Pharmaceuticals
Water
Nutraceuticals
Biologics
Cannabis/Opioids
Dietary Supplements
Cosmetics

By Technology:
Cell Culture
PCR
Immunoassays
Chromatography
Spectrophotometry
Others

Laboratory Proficiency Testing Market's Key Players include:

LGC
American Proficiency Institute
College of American Pathologists
Bio-Rad Laboratories
Randox Laboratories
Merck
FAPAS
Waters Corporation
QACS
Weqas
AOAC International
Bipea
NSI Lab Solutions
Absolute Standards
Phenova Inc.
Trilogy Analytical Laboratory
Jan-Pro
Cleaning Service Group
Stathakis
Kleenmark

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Table of content for the Laboratory Proficiency Testing Market includes:

Global Laboratory Proficiency Testing Market: Research Methodology

Global Laboratory Proficiency Testing Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Laboratory Proficiency Testing Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Laboratory Proficiency Testing Market Segmentation
Global Market, by Industry (2021-2029)
Global Market, by Technology (2021-2029)

Regional Global Laboratory Proficiency Testing Market(2021-2029)
Regional Market, by Industry (2021-2029)
Regional Market, by Technology (2021-2029)
Regional Market, by Country (2021-2029)

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Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Industry, Technology and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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