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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Carbon Nanotubes (CNT) Market Analysis, Growth and impact of Covid-19

Carbon nanotubes (CNTs) are cylindrically formed structures with a diameter of one billionth of a metre that are 100 times stronger than steel and weigh only one-sixth of the weight. Carbon nanotubes are notable for their tremendous strength and low weight, as well as their physical flexibility. Traditional copper tubes have lower thermal and electrical conductivity than carbon nanotubes. Carbon nanotubes are being more widely used as a means of transferring medicinal molecules, as well as in body implants, dental fillings, and medical device components. For targeted drug delivery to cells and organs, CNTs are functionalized with bioactive peptides, proteins, nucleic acids, and medicines. Carbon nanotubes have a low toxicity and are not immunogenic, making them suitable for use in nanomedicine and nanobiotechnology, among other fields.

 

Increasing the number of healthcare applications in order to increase market growth

According to a study conducted by The University of Cambridge, global CNT production capacity increased tenfold over the last five years due to an exponential increase in demand for carbon nanotubes across various industries such as electronics, semiconductors, chemical & polymers, advanced materials, and batteries & capacitors. Furthermore, the growing use of carbon nanotubes in healthcare for treatments like cancer, hyperthermia, gene therapy, tissue regeneration, and artificial implants is propelling the carbon nanotube market forward. The carbon nanotubes market is expected to increase due to its better mechanical and transport capabilities.

 

Carbon Nanotubes (CNT) Market
Carbon Nanotubes (CNT) Market

Impact of COVID-19:

Several markets and industries have been impacted by the unexpected emergence of the coronavirus outbreak. The market's expansion has been hampered by the temporary closure of production facilities. The market's expansion has been hampered by a lack of accessible labour and rapid immigration as a result of the strict lockdowns and curfews. The disruptions in supply chain networks, as well as the worldwide trade restriction, have all contributed to the deterioration of the situation. Nonetheless, thanks to the introduction of effective vaccines, the major economies are quickly recovering from the pandemic. Following the epidemic, the industry is projected to grow quickly.

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