Market Trends of Laboratory Proficiency Testing Industry
This section covers the major market trends shaping the Laboratory Proficiency Testing Market according to our research experts:
Chromatography Segment is Expected to Grow at the Highest CAGR During the Forecast Period
By Technology, the market has been segmented into polymerase chain reaction, immunoassays, chromatography, spectrometry, and other technologies. Chromatography is used to carry out difficult separations like amino acid sequencing or pollutant separations. There are several advantages associated with chromatographic testing such as improved safety, reliability, and transparency of the pharmaceutical supply chain by testing the strength, purity, quality, and potency of a drug product are the major factors driving the growth of this segment.
North America dominates the Laboratory Proficiency Testing Market
North American market is driven by multiple factors such as rising awareness regarding availability of superior quality laboratory proficiency testing programs along with favorable regulatory scenario, which support the growth of this market. Furthermore, developed economies such as the U.S. and Canada have skilled professionals, which drives the market. North America is hub for pharmaceuticals, food & beverages, water & environment, and cosmetics industries. Hence, the global laboratory proficiency testing is projected to surge in the forecast years.
