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. Accordi
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PYROGEN TESTING MARKET ANALYSIS AND KEY TAKEWAYS

 Pyrogen testing is done in aqueous parenteral to detect endotoxin and non-endotoxin pyrogenic impurities. It aids in the prevention of life-threatening diseases and lethal endotoxic shock caused by pyrogenic chemicals by verifying the safety of parenteral pharmaceutical products and medical devices. The limulus amebocyte lysate (LAL) test, recombinant factor C (rFC) test, rabbit pyrogen test (RPT), and monocyte activation test are some of the most often used pyrogen testing procedures (MAT). Because it is resilient, sensitive, and scalable, it is currently in high demand all around the world.

Over the projection period, the Pyrogen testing market would grow due to increased research & development of medicinal pharmaceuticals and medical devices. According to the United Nations Educational, Scientific, and Cultural Organization (UNESCO), a total of US$ 1.7 trillion was spent on research and development for various medical uses worldwide in November 2016.

Pyrogen testing is important in modern healthcare since it identifies the presence of pyrogen in a fever-causing bacterium. Lipopolysaccharides and lepoteichoic acid include pyrogen. Contaminated pyrogenic goods can induce hazardous side effects in humans, such as fever. Pyrogen testing Market is used to determine the presence of pyrogens in pharmaceutical dosage forms and medical devices. Temperature dysregulation (fever), bodyache, inflammation, shock, multiorgan failure, and other life-threatening issues can all result from pyrogen-contaminated injections after they've been given.


Pyrogen Testing Market
Pyrogen Testing Market


 

The Global Pyrogen Testing Market's Key Takeaways:

Because of rising pharmaceutical spending, the worldwide pyrogen testing market is predicted to grow at a CAGR of 12.4% over the forecast period. According to a research published by the European Federation of Pharmaceutical Industries and Associations (EFPIA) in 2018, pharmaceutical spending in the United States was expected to be US$ 48,111 million in 2015 and US$ 82,418 million in 2016.

In 2019, the pharmaceutical and biotech firms segment dominated the pyrogen testing market among end users, since pyrogen testing is mostly used in pharmaceutical and biotech companies.

 

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