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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Needles Market Trends, Prospects and Key firms

 Needles are used to inject drugs into the body or to take blood from it. It is made up of three parts: a long shaft, a slanted tip called a bevel, and a hub that fits into the syringe's tip. Different types of needles are commonly used in clinical practice for a variety of purposes, including giving medicine to various layers of the skin, performing anaesthetic operations, and performing various surgical procedures. Depending on the clinician's needs, numerous types and materials of needles are available. Fill and filter needles are used for vaccination and other sterile items, and safety needles are used for blood collection and medicine administration in circumstances where the risk of infection from infectious disease is significant. It also varies on the application region; for example, diabetes patients use pen needles to inject their daily dose of insulin, blood collection needles are used for diagnostic purposes, and suture needles are used in surgery.

In the projected period of 2021 to 2028, the Needles Market is expected to increase at a pace of 7.75 percent. The needles industry study from Data Bridge Market Research provides analysis and insights into the numerous aspects that are predicted to be present throughout the forecast period, as well as their implications on the market's growth. The market for needles is expanding as the prevalence of chronic diseases rises.

Needles Market
Needles Market


Needles are needles that are used in conjunction with injections to deliver drugs to the body. They are used in a variety of applications, including dentistry, blood collection, surgery, and so on. It comprises three parts: a bevel, a long shaft, and a hub, and it is adjusted in the syringe's component.

The rise in the elderly population is one of the major reasons projected to support the Needles Market's growth in the forecast future. Furthermore, the expansion of the Needles Market is expected to be aided by an increase in the number of hospitals in developing countries. Furthermore, the increased need for vaccinations is expected to dampen the Needles Market's growth. On the other side, the rise in needle stick injuries and infections is expected to stifle the Needles Market's growth over the forecast period.

To increase Needles market share, key firms are working on smart mergers and acquisitions as well as the development of innovative goods. For example, Becton, Dickinson and Company released the BD Ultra-Fine micro pen needle in September 2017 for use with various pen injection devices for persons with diabetes in order to reduce unintentional administration of insulin dose into a muscle and to give one of the smallest length pen needles. K-Pack Surshield, a Terumo Medical Corporation novel product developed in 2012, claims to be 20% sharper than its competitor and fits in all types of syringes.

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Future Prospects of Global Laboratory Proficiency Testing Market

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