Laboratory Proficiency Testing Market

LGC Limited, Bio-Rad Laboratories, and the College of American Pathologists are Expected to Dominate the Global Laboratory Proficiency Testing Market in 2019

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. The stringent safety and quality regulations for food and pharmaceutical products and the increasing focus on water testing are some of the major factors supporting the growth of this market.

The global laboratory proficiency testing market is highly competitive, with numerous players competing for a larger market share. The prominent players in this market are 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). However, in the last few years, a number of smaller players have emerged from niche markets and are competing with global players. Due to the intense competition in the market, major market players are increasingly focusing on expanding their geographic presence in high-growth emerging markets and strengthening their competitiveness by acquiring smaller players or by entering into partnerships. Market players are also focusing on introducing new testing schemes to expand their portfolios.

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LGC Limited

LGC Limited is a global leader in the laboratory services, measurement standards, reference materials, genomics, and proficiency testing markets. The company runs over 1,600 proficiency testing exercises annually, serving over 11,000 laboratories across the pharmaceutical, biotechnology, diagnostics, food, environment, government, agrigenomic, forensic, and academic sectors. It also manufactures more than 225,000 test materials, which are distributed to more than 160 countries. The company’s operations are accredited to international quality standards such as ISO/IEC 17025, GMP, GLP, ISO Guide 34, ISO/IEC 17043, and ISO 13485:2003, making its testing schemes highly accurate and acceptable. While achieving significant market share across international markets, the company also intends to expand its proficiency testing product portfolio with the launch of new products or the enhancement of its current products. In the last five years, the company has launched more than 15 validation test kits and reference materials for the food, blood, trace metals, and other industries.

College of American Pathologists

The College of American Pathologists (CAP) offers high-value, integrated solutions and experiences that empower CAP members and customers to achieve excellence in the practice of pathology and laboratory medicine. Over 22,480 laboratories are using CAP proficiency testing programs across the globe. With the commitment to deliver high-value services to CAP members, the organization provides various peer-comparison studies and education programs for streamlined quality assessment. It also offers the Calibration Verification/Linearity program designed for laboratories to satisfy the requirements of scheduled calibration verification and verification of the analytical measurement range as specified in the CAP Laboratory Accreditation Program and Current Clinical Laboratory Improvement Amendments (CLIA) Regulations Section 493.1255. The CAP remains committed to the delivery of high-value programs and services, for which it invested USD 4.9 million to help meet learning needs. It also launched the Pathologists Quality Registry—the first qualified clinical data registry approved by the CMS to include non-MIPS quality measures specific to pathology.

Related Reports:

Laboratory Proficiency Testing Market by Industry (Clinical Diagnostics (Routine Chemistry), Microbiology (Pathogens, Sterile Tests), Food, Animal Feed (Fish, Vegetable), Commercial Beverage (Alcohol), Water, Technology (PCR,)) - Global Forecast to 2024

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Report Code
AST 7037
RI Published ON
4/11/2019
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