North America Laboratory Proficiency Testing Market Size & Outlook
North America laboratory proficiency testing market, 2018-2030 (US$M)
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North America laboratory proficiency testing market highlights
- The North America laboratory proficiency testing market generated a revenue of USD 596.3 million in 2023.
- The market is expected to grow at a CAGR of 5.8% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 596.3 million |
| Market revenue in 2030 | USD 882.3 million |
| Growth rate | 5.8% (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, North America region accounted for 43.8% 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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North 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 33.27% in 2023. Horizon Databook has segmented the North America laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
The North American market comprises the U.S., Canada, and Mexico markets. North America held the largest share of the global laboratory proficiency testing market in 2019. This can be attributed to the developed healthcare system and high proficiency testing adoption rate. The well-established regulatory framework also prioritizes quality management in this region, which influences market growth positively.
The wide availability of proficiency testing programs in this region is another reason for the greater market potential of laboratory testing in North America. Furthermore, the industry players are evolving to meet the changing needs of laboratories. Increasing investments in R&D laboratories and CROs significantly contribute to the market growth in this region.
The region is also witnessing a rise in demand for packaged food products and beverages, which makes laboratory testing important. Furthermore, stringent environmental and water safety norms are also propelling the demand for laboratory tests and, thus, laboratory proficiency tests.
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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 continent-level data and insights on the North America laboratory proficiency testing market , including forecasts for subscribers. This continent databook contains high-level insights into North America laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America laboratory proficiency testing market size, by country, 2018-2030 (US$M)
North America Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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