Latin America Laboratory Proficiency Testing Market Size & Outlook
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Latin America laboratory proficiency testing market highlights
- The Latin America laboratory proficiency testing market generated a revenue of USD 51.2 million in 2024.
- The market is expected to grow at a CAGR of 6.5% from 2025 to 2030.
- In terms of segment, clinical diagnostics was the largest revenue generating industry in 2024.
- Cannabis is the most lucrative industry segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 51.2 million |
| Market revenue in 2030 | USD 75.2 million |
| Growth rate | 6.5% (CAGR from 2025 to 2030) |
| Largest segment | Clinical diagnostics |
| Fastest growing segment | Cannabis |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 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, Latin America region accounted for 3.5% of the global laboratory proficiency testing market in 2024.
- 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 521.3 million by 2030.
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Laboratory Proficiency Testing Market Scope
Laboratory Proficiency Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Instand | View profile | 1-10 | Bergen, Hordaland, Norway, Europe | http://www.instand.nl |
| Absolute Standards | View profile | 11-50 | Hamden, Connecticut, United States, North America | https://absolutestandards.com |
| NSI Lab Solutions | View profile | 11-50 | Raleigh, North Carolina, United States, North America | https://www.nsilabsolutions.com |
| BIPEA | View profile | 11-50 | Paris, Ile-de-France, France, Europe | https://bipea.org |
| Weqas | View profile | 11-50 | Llanishen, Cardiff, United Kingdom, Europe | https://www.weqas.com/ |
| QACS International | View profile | 51-100 | Delhi, Delhi, India, Asia | https://qacsworld.com |
| Randox Biosciences | View profile | - | Crumlin, Dublin, Ireland, Europe | http://www.randoxbiosciences.com |
| Randox | View profile | 1001-5000 | Crumlin, Antrim, United Kingdom, Europe | http://www.randox.com |
| LGC Group | View profile | 1001-5000 | Teddington, Gloucestershire, United Kingdom, Europe | http://www.lgcgroup.com/ |
| Bio-Rad Laboratories Inc | View profile | 8030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | https://www.bio-rad.com |
| Merck KGaA | View profile | 62345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | https://www.emdgroup.com |
Latin America 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 34.38% in 2024. Horizon Databook has segmented the Latin America laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America region includes rapidly evolving economies, including Brazil and Argentina. Increasing R&D activities & rapid technological advancements in the region are anticipated to fuel the market.
Increasing government spending, growing investments by major pharmaceutical & biopharmaceutical companies, and the presence of major academic research institutes are factors likely to promote market growth.
Investments from pharmaceutical companies are increasing in the region. These investments are a result of the growing government support for the companies investing in the country.
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Target buyers of Latin America 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America laboratory proficiency testing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America laboratory proficiency testing market size, by country, 2018-2030 (US$M)
Latin America Laboratory Proficiency Testing Market Outlook Share, 2024 & 2030 (US$M)
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