Brazil Laboratory Proficiency Testing Market Size & Outlook
Brazil laboratory proficiency testing market, 2018-2030 (US$M)
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Brazil laboratory proficiency testing market highlights
- The Brazil laboratory proficiency testing market generated a revenue of USD 20.8 million in 2023 and is expected to reach USD 32.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.4% 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 20.8 million |
| Market revenue in 2030 | USD 32.1 million |
| Growth rate | 6.4% (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, Brazil accounted for 1.5% 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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Brazil 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 33.17% in 2023. Horizon Databook has segmented the Brazil laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil has been experiencing positive economic growth due to recent financial and political stability in the region. Healthcare expenditure in Brazil is around USD 190 billion, which is among the highest in the world.
Its biopharmaceutical industry is doing better than other industries in the country, owing to increasing government investments to improve healthcare. The National Institute of Metrology, Quality and Technology (INMETRO) is the local accreditation body of Brazil.
Currently, over 800 laboratories are accredited by INMETRO in Brazil. However, there are gaps in the proficiency testing schemes of the country, and several fields are not covered. Thus, the demand for new Proficiency Testing (PT) schemes is projected to rise in the coming years.
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Our clientele includes a mix of laboratory proficiency testing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil laboratory proficiency testing market , including forecasts for subscribers. This country databook contains high-level insights into Brazil laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil laboratory proficiency testing market size, by industry, 2018-2030 (US$M)
Brazil Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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