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Biosimilars Market Fuels Expansion Of Laboratory Proficiency Testing Services: Critical Driver Shaping the Global Laboratory Proficiency Testing Market in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Laboratory Proficiency Testing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The scope of the laboratory proficiency testing market has seen robust expansion lately, projected to increase from a valuation of $1.45 billion in 2024 up to $1.55 billion by 2025, reflecting a compound annual growth rate of 7.2%; this upward trajectory during the past period is linked to heightened focus on quality assurance, mandatory adherence to regulations, specific testing demands across various industries, the worldwide standardization of testing procedures, and ongoing professional skills enhancement.
Laboratory Proficiency Testing Market Size Forecast: What's the Projected Valuation by 2029?
Anticipation projects robust expansion for the laboratory proficiency testing market in the forthcoming years, with projections indicating a valuation reaching $2.22 billion by 2029, fueled by a compound annual growth rate (CAGR) of 9.4%. This upsurge throughout the projection timeframe stems from several key factors, such as the incorporation of artificial intelligence, ongoing requirements for professional skill enhancement, heightened focus on ensuring quality, escalating need for precision in testing outcomes, and the worldwide adoption of quality benchmarks. Furthermore, significant shifts observed during this period encompass the move towards digital platforms and cloud-based examination methods, the development of tailored testing schedules, a growing reliance on analytical insights from data, increased pressure to obtain formal accreditation, and concerted efforts aimed at elevating quality levels.
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What Are the Drivers Transforming the Laboratory Proficiency Testing Market?
Anticipated expansion within the biosimilars domain is predicted to stimulate the trajectory of the laboratory proficiency testing sector moving ahead. Biosimilars essentially describe biological medicines that precisely mirror an initial product manufactured by a different entity. As this biosimilar market widens, a heightened requirement for the analytical and bioanalytical assessment of these substances emerges, consequently boosting the call for laboratory proficiency testing services to validate the precision and trustworthiness of ensuing test outcomes. Illustratively, data from IQVIA, an American firm specializing in commercial contracting and biopharmaceutical development services, indicates that the valuation of biosimilars climbed at a compound annual growth rate of 78% from 2015 through 2020, culminating around $17.9 billion in 2020, with projections suggesting a 15% CAGR from 2020 to 2030, potentially hitting an estimated $75 billion over the subsequent ten years. Furthermore, the projected count of loss of protection (LOP) events affecting original pharmaceutical goods will constitute a main impetus behind the surge in biosimilar volume throughout the coming decade, thus establishing the proliferation of the biosimilars market as a catalyst for the expansion of the laboratory proficiency testing market.
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What Long-Term Trends Will Define the Future of the Laboratory Proficiency Testing Market?
A significant trend currently observed within the proficiency testing landscape for laboratories involves the advancement of new product offerings. Leading firms within this sector are introducing novel solutions as a strategy to retain their competitive edge. As an illustration, in February of 2022, BIPEA, which is a European non-profit organization that furnishes proficiency testing schemes particularly for environmental and food matrices, introduced PT 35d. This particular scheme was created to assess microbiological testing capabilities in water laboratories, specifically targeting the quantification of molds and yeasts present in potable water. The quality assurance measure outlined includes two separate assessment phases, where fresh water specimens, kept cool during transit, are dispatched to participating labs via expedited delivery services for each phase.
Which Segments in the Laboratory Proficiency Testing Market Offer the Most Profit Potential?
The laboratory proficiency testingmarket covered in this report is segmented -
1) By Technology: Cell Culture; PCR; Immunoassays; Chromatography; Spectrophotometry; Other Technologies
2) By Test: Routine; Specialty
3) By Department: Parasitology; Virology; Hematology; Toxicology; Immunology/Serology; Histopathology; Urinalysis; Other Departments
4) By End-use: Hospitals; Contract Research Organizations; Pharmaceutical & Biotechnology Companies; Academic Research; Diagnostic Laboratories; Independent Laboratories; Specialty Laboratories
Subsegments:
1) By Cell Culture: Adherent Cell Culture; Suspension Cell Culture
2) By PCR (Polymerase Chain Reaction): Quantitative PCR (qPCR); Reverse Transcription PCR (RT-PCR); Digital PCR
3) By Immunoassays: Enzyme-Linked Immunosorbent Assay (ELISA); Radioimmunoassay (RIA); Chemiluminescent Immunoassay (CLIA)
4) By Chromatography: Liquid Chromatography; Gas Chromatography; Ion Chromatography
5) By Spectrophotometry: Ultraviolet-Visible Spectrophotometry; Infrared Spectrophotometry; Atomic Absorption Spectrophotometry
6) By Other Technologies: Mass Spectrometry; Flow Cytometry; Next-Generation Sequencing (NGS)
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Which Firms Dominate the Laboratory Proficiency Testing Market by Market Share and Revenue in 2025?
Major companies operating in the laboratory proficiency testing market include LGC Limited, American Proficiency Institute, College of American Pathologists, Bio-Rad Laboratories, Randox Laboratories, Merck KGAA, FAPAS, Waters Corporation, QACS International Pvt. Ltd., Wales External Quality Assessment Scheme, AOAC INTERNATIONAL, Bureau Interprofessionnel d'Études Analytiques., SPEX CertiPrep Group LLC, Absolute Standards Inc, Trilogy Analytical Laboratories, Advanced Analytical Solutions, NSI Lab Solutions, INSTAND e.V., Anresco Laboratories, Avomeen Analytical Services, BioScreen Testing Services Inc., Brooks Applied Labs, Comprehensive Pain and Treatment Center, EMSL Analytical Inc., Eurofins Scientific SE, Exova Group Limited, Food Safety Net Services LLC, Analytical Laboratory Services Inc., Singapore Accreditation Council, Proctor & Allan East Africa Limited
Which Regions Offer the Highest Growth Potential in the Laboratory Proficiency Testing Market?
North America was the largest region in the laboratory proficiency testing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global laboratory proficiency testing market report during the forecast period. The regions covered in the laboratory proficiency testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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