Future Prospects of Global Laboratory Proficiency Testing Market

Image
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...
Post a Comment

Ferrous Sulfate Market: Key Trends, Analysis and Takeaways

The salt ferrous sulfate, often known as iron (II) sulfate, has the formula FeSO4xH2O. There are two types of ferrous sulfate: hydrous and anhydrous. Heptahydrate is the most common form of both hydrous and anhydrous ferrous sulfate. Ferrous sulfate is a hydrated salt that is often found. Monohydrate, tetrahydrate, pentahydrate, and heptahydrate are the hydrous forms of ferrous sulfate. Monohydrate and heptahydrate ferrous sulfate are the most commonly utilised hydrous ferrous sulfates.

Ferrous sulfate Market has grown in importance as a therapy for the treatment and prevention of iron deficient anaemia throughout the years. Ferrous sulfate aids in the production of healthy red blood cells, which transport oxygen throughout the body.

On the strength of increased investments in new technologies to tackle performance and quality concerns associated with ferrous sulfate manufacturing, the worldwide ferrous sulfate market has developed dramatically in recent years. To capitalise on the rising demand, leading ferrous sulfate manufacturers are focusing on evaluating in-depth new manufacturing procedures and therefore targeting the emerging market.\


Ferrous Sulfate Market
Ferrous Sulfate Market

The Ferrous Sulfate Market's Key Trends and Analysis:

The anhydrous sector is predicted to increase significantly among product types, which will favour expansion of the ferrous sulfate market throughout the forecast period. The anhydrous segment is predicted to rise due to rising demand for ferrous sulfate as a feed supplement in the food and animal feed industries.

Humans and animals both need iron as a trace element. Hemoglobin contains iron, which is required for oxygen transport. Anemia, which can induce tiredness and a loss of appetite, is caused by an iron shortage. Ferrous sulfate is also utilised in animal feed as a supplement.

As a result, demand for ferrous sulfate is likely to rise during the forecast period as the animal feed business expands. According to the International Feed Industry Federation, global animal feed output was 1 billion tonnes in 2016, with a market value of US$ 400 billion.

 

The Market's Most Important Takeaways:

Ferrous sulfate is a free-flowing iron supplement that is used as a dietary and functional food additive to boost iron levels in people and animals.

The ferrous sulfate market in North America is predicted to develop due to rising demand for animal feed. Furthermore, the region's growing cattle population is likely to fuel market expansion. According to the United States Department of Agriculture, the total number of cattle in the United States reached 94.4 million in 2018, up 1% from 2017.

Comments

Post a Comment

Popular posts from this blog

Future Prospects of Global Laboratory Proficiency Testing Market

Image
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...
Read more

Malaria Vaccines Market – Making Way for a Malaria-Free World

Image
  Overview of the Global Malaria Vaccine Market Malaria has been a global problem over the past ten years, causing millions of fatalities. The creation of vaccines is an important component of effective interventional control. Novel vaccination ideas have attracted a lot of attention in recent years. A broad pipeline has been studied, thanks to ongoing study into the malaria life cycle. Understanding the biology of the deadly human malaria parasites Plasmodium falciparum and Plasmodium vivax is critical to expanding opportunities in the malaria vaccine industry. The market for malaria vaccines has been opened up by generations of pre-erythrocytic vaccinations. This has resulted in a flurry of biotech investments. RTS,S/AS01 (RTS,S) is the most thoroughly tested malaria vaccine candidate for P. falciparum. The study on the worldwide Malaria Vaccines Market examines the investment trends associated with various vaccine development approaches around the world. It examines healt...
Read more

Global and China Catheter Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Image
  Global and China Catheter Market A catheter is a tube that is inserted into a body cavity, typically the bladder, to remove fluid. The most common type of catheter is an indwelling urinary catheter, which is required by people who are unable to completely empty their bladders or who require assistance in emptying at the appropriate time. Spina bifida, multiple sclerosis, stroke, or a spinal injury are all conditions that contribute to the need for a urinary catheter. The use of a catheter, particularly after a medical procedure that necessitated hospitalisation, is more common than many people realise. According to statistics, between 15% and 25% of hospitalised patients receive urinary catheters during their stay. Catheterization, however, is not without risk. Infections can occur in the urethra, bladder, or kidneys, though the latter is less common. Catheters can also cause bladder spasms, leakage around the catheter, and debris in the catheter. The urinary tract infection is...
Read more