Europe Laboratory Proficiency Testing Market Size & Outlook
Europe laboratory proficiency testing market, 2018-2030 (US$M)
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Europe laboratory proficiency testing market highlights
- The Europe laboratory proficiency testing market generated a revenue of USD 373.6 million in 2023.
- The 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.
- Country-wise, Sweden is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 373.6 million |
| Market revenue in 2030 | USD 575.9 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Clinical diagnostics |
| Fastest growing segment | Cannabis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 27.4% of the global laboratory proficiency testing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 522.7 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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Europe 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 33.65% in 2023. Horizon Databook has segmented the Europe laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
Europe held the second-highest share by revenue, following North America, and is estimated to exhibit a lucrative CAGR during the forecast period. Increase in research funding and the local presence of key market players in this region are expected to drive the market. Moreover, organizations such as Eurachem are working toward promoting quality practices in the European region.
It currently has 36 members from various countries in the region. The number of biopharmaceutical companies is increasing in Europe, owing to the increasing investments. For instance, in 2017, USD 20 billion was raised as investment by the biopharma industry, which increased by 28% to USD 27.5 billion in 2019. A number of key players conduct their biopharmaceutical R&D activities in Europe.
Europe’s high market share can also be attributed to the presence of developed economies such as Germany, Turkey, the UK, France, and Italy. Availability of advanced technology and increasing number of R&D laboratories are anticipated to fuel the region’s market over the forecast period.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe laboratory proficiency testing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe laboratory proficiency testing market size, by country, 2018-2030 (US$M)
Europe Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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