Thailand Laboratory Proficiency Testing Market Size & Outlook
Thailand laboratory proficiency testing market, 2018-2030 (US$M)
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Thailand laboratory proficiency testing market highlights
- The Thailand laboratory proficiency testing market generated a revenue of USD 2.3 million in 2023 and is expected to reach USD 4.3 million by 2030.
- The Thailand market is expected to grow at a CAGR of 9.2% 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 2.3 million |
| Market revenue in 2030 | USD 4.3 million |
| Growth rate | 9.2% (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, Thailand accounted for 0.2% 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 Asia Pacific, Japan laboratory proficiency testing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 51.3 million by 2030.
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Laboratory Proficiency Testing Market Scope
Laboratory Proficiency Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Thailand 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 34.78% in 2023. Horizon Databook has segmented the Thailand laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand is a growing market, and the demand for proficiency testing is expected to demonstrate a surge in the upcoming years. Prominent players like Central Lab Thai provide proficiency testing services to prove the competency of the laboratories conducting tests.
As of 2020, the country had 20 providers of medical laboratory proficiency testing, while calibration and testing were available with 10 players. This makes the market saturated in terms of proficiency testing provision.
The market is still developing, and the demand for laboratory proficiency testing is expected to increase. For instance, the molecular diagnostics and IVD segment is growing at a lucrative rate that needs continuous quality checks to ensure in Thailand, which is expected to drive the demand for PT in upcoming 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 Thailand laboratory proficiency testing market , including forecasts for subscribers. This country databook contains high-level insights into Thailand laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand laboratory proficiency testing market size, by industry, 2018-2030 (US$M)
Thailand Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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