Argentina Laboratory Proficiency Testing Market Size & Outlook
Argentina laboratory proficiency testing market, 2018-2030 (US$M)
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Argentina laboratory proficiency testing market highlights
- The Argentina laboratory proficiency testing market generated a revenue of USD 7.6 million in 2023 and is expected to reach USD 12.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, clinical diagnostics was the largest revenue generating industry in 2023.
- Cannabis is the most lucrative industry segment registering the fastest growth during the forecast period.
Laboratory proficiency testing market data book summary
| Market revenue in 2023 | USD 7.6 million |
| Market revenue in 2030 | USD 12.5 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Clinical diagnostics |
| Fastest growing segment | Cannabis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clinical Diagnostics, Pharmaceuticals, Microbiology, Cannabis |
| Key market players worldwide | LGC Group, Bio-Rad Laboratories Inc, Randox, Merck KGaA, Randox Biosciences, QACS International, Weqas, BIPEA, NSI Lab Solutions, Absolute Standards, Instand |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.6% of the global laboratory proficiency testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil laboratory proficiency testing market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 12.5 million by 2030.
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Laboratory Proficiency Testing Market Scope
Laboratory Proficiency Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina laboratory proficiency testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laboratory proficiency testing market will help companies and investors design strategic landscapes.
Clinical diagnostics was the largest segment with a revenue share of 32.89% in 2023. Horizon Databook has segmented the Argentina laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina has Organismo Argentino de Acreditación (OAA) as its accreditation organization. It is in agreement with IAAC and ILAC for the same. The country also has graduate and undergraduate programs which facilitate the implementation of quality management in Argentina’s clinical laboratories. Adopting automated equipment & robotics and growing technological advancements have made proficiency testing schemes necessary as an external & internal quality assurance & control practice.
Argentina lacks proper healthcare coverage; over 36% of its population has no formal healthcare coverage and depends on the public healthcare system. Thus, improved reliability of laboratory results becomes crucial to manage the load on the public healthcare system, thereby making EQA and PT significant.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina laboratory proficiency testing market , including forecasts for subscribers. This country databook contains high-level insights into Argentina laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina laboratory proficiency testing market size, by industry, 2018-2030 (US$M)
Argentina Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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