Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Algae Market - Global Industry Analysis and Key Market Takeaways

Algae are photosynthetic eukaryotic organisms that develop in watery environments and produce biomass using light and carbon dioxide (CO2). Algae are photosynthetic creatures with chlorophyll as a photosynthetic pigment. They lack the real roots, stalks, and leaves that vascular plants have. Some are single-celled, while others are multicellular. They may create colonies as well. The majority of algae are found in water. Others are terrestrial, living in damp soil, on trees, and on rocks. Some algae create symbiotic relationships with other creatures. A lichen, for example, is a symbiotic relationship between fungi and green (and sometimes blue-green) algae. Algae are a polyphyletic group of organisms. This indicates that the species in this category are not necessarily related and share no common ancestor.

The US Department of Energy (DOE) encourages the development of fuels that can be blended with biomass-derived stocks. This raw material is used in basic research to improve biomass conversion, production, and sustainability. The National Renewable Energy Laboratory (NREL), for example, studies the cost of producing these fuels using technologies like algal biomass systems and terrestrial biomass.

Key Market Takeaways:

In 2018, the closed system segment dominated the worldwide Algae Market in terms of cultivation technique. Closed steel fermenters are used to cultivate heterotrophic algae in closed systems culture technologies. In fermenters, microalgae cultivation can be done in fed batches, batches, or continuous mode. Because of the risk of contamination, continuous mode in closed fermenter systems cultivation technology is not suited for the pharmaceutical business. This growing system has a controlled process that is not affected by environmental factors.

North America had the greatest revenue share of the global Algae Market in 2018, at roughly 35.0 percent. The use of algae in various biofuels is one of the major reasons driving market expansion in the region. As a result, increased biofuel usage in the region is likely to be a major driver of market expansion. North American biofuel use was 20.5 million tonnes in 2015, according to the International Energy Agency (IEA), and is anticipated to reach 24.2 million tonnes by 2030.


Algae Market
Algea Market


Major players operating in the global Algae Market include Cyanotech Corporation, Dic Corporation, Corbion N.V, Valagro Spa, Far East Microalgae Industries Co. Ltd., Beijing Gingko Group, Heliae Development Llc, Pond Technologies Holdings Inc., Algaetech International Sdn Bhd, Fuqing King Dnarmsa Spirulina Co. Ltd., Sun Chlorella Corporation, and Ecoduna Ag.

 

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Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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