Global Laboratory Proficiency Testing Market Size By Industry Type, By Technology, By Geographic Scope And Forecast

Report Highlights

Laboratory Proficiency Testing Market Size And Forecast

Laboratory Proficiency Testing Market was valued at USD 825.83 Million in 2020 and is projected to reach USD 1283.50 Million by 2027, growing at a CAGR of 6.50 % from 2021 to 2027.

The Laboratory Proficiency Testing Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Laboratory Proficiency Testing Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Laboratory Proficiency Testing Market Overview

The global laboratory proficiency testing market is predominantly driven by the growing number of new proficiency testing programs being propelled by key players. Additionally, the growing adoption of laboratory proficiency testing due to stringent regulations as well as a rising focus on diagnostic laboratories due to the COVID-19 pandemic is also driving the growth of the market. Proficiency testing helps to assure that the tests for the detection of the novel coronavirus are being rendered accurately, processed, and administered appropriately to obtain high precision and confidence in results.

This report provides an all-inclusive environment of the analysis for the Laboratory Proficiency Testing Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Laboratory Proficiency Testing Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Laboratory Proficiency Testing Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Laboratory Proficiency Testing Market.