The findings reviewed by GME stated that the Global Laboratory Proficiency Testing Market will expand with a CAGR value of 7.3 percent from 2021 to 2026. The market is expected to expand during the forecast period due to key drivers such as the evolving biosimilars market, rising demand for processed food items, and increased emphasis on water treatment due to the presence of a wide variety of inorganic and organic solutes, namely standard and toxic metals. Moreover, due to the increasing emphasis on diagnostic laboratories because of the COVID-19 outbreak.
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Laboratory Proficiency Testing Market: Insights
Laboratory proficiency testing is a type of testing used to ensure that specific laboratories perform as
intended when doing measurements or experiments.
Immunoassays, cell culture, PCR,
chromatography, and other technologies are among the techniques used in laboratory competence.
The growth in the laboratory proficiency testing global market can be attributable to the growing use
of laboratory proficiency testing as a result of stricter legislation, along with the increased emphasis on
diagnostic laboratories as a result of the COVID-19 disease outbreak. The demand is also anticipated
to be driven by the increasing number of new proficiency testing initiatives introduced by the main
participants. Proficiency testing ensures that the procedures used to diagnose the new coronavirus are
accurately interpreted, analyzed, and performed, resulting in high precision and faith in the outcomes.
As a result, proficiency tests ensure the labs' diagnoses are correct.
Proficiency testing is important in all pandemic-affected areas. Multiple companies are launching
programs to help laboratories overcome accreditation barriers, thus stimulating business expansion.
Foodborne disease outbreaks are expected to rise as a result of the ingestion of contaminated foods
that carry bacteria, viruses, chemical compounds, and parasites which is projected to spur industry
development. More than 200 illnesses, including cancer and diarrhea, may be caused by food
The legalization of cannabis drugs in the United States in December 2018 and the subsequent growth
of this industry are driving the need for protection and efficiency testing for medicinal use. As the
market for high-potency cannabis grows, laboratories that have assays to precisely test cannabis
potency have sprung up. As a result, demand growth is projected to be boosted by the