Canada Laboratory Proficiency Testing Market Size & Outlook
Canada laboratory proficiency testing market, 2018-2030 (US$M)
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Canada laboratory proficiency testing market highlights
- The Canada laboratory proficiency testing market generated a revenue of USD 41.2 million in 2023 and is expected to reach USD 70.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.9% 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 41.2 million |
| Market revenue in 2030 | USD 70.1 million |
| Growth rate | 7.9% (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, Canada accounted for 3.0% 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 North America, U.S. laboratory proficiency testing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 70.1 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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Canada 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 33.25% in 2023. Horizon Databook has segmented the Canada laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s laboratory proficiency testing market is driven by an increase in the adoption rate of fully automated instruments and the automation of laboratories. The stringent biotechnology and pharmaceutical product regulations are also driving market growth.
Companies such as Siemens Healthcare Limited and Abbott provide automation services for laboratories. However, their calibration, standardization, and maintenance become important.
The local authority Standards Council of Canada (SCC) provides the regulations for proficiency testing providers mentioned in the ISO/IEC 17043:2010 conformity assessment. Thus, proficiency testing companies are required to assure the competence of the laboratories.
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Target buyers of Canada laboratory proficiency testing market databook
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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 Canada laboratory proficiency testing market , including forecasts for subscribers. This country databook contains high-level insights into Canada laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada laboratory proficiency testing market size, by industry, 2018-2030 (US$M)
Canada Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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