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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Catheters Market: Overview, Trends and Key Takeaways

Catheters are thin tubes made of medical-grade materials including plastic, silicon rubber, polyvinyl chloride (PVC), and nylon that are put into the body of a patient for therapeutic and diagnostic purposes. Catheterization is a major co-procedure conducted with a variety of other medical procedures that employ catheters, such as angioplasty, cardiac electrophysiology, and neurosurgery. Cardiovascular catheters, neurovascular catheters, urinary catheters, intravenous catheters, and specialised catheters are some of the catheters available on the market. Furthermore, cardiovascular catheters are the most commonly used of the aforementioned catheters.

The catheters market is being driven by the high prevalence of cardiovascular disorders combined with the development of unique-feature improved cardiovascular catheters. Nonetheless, unique items such as external male catheters have proven to be a profitable addition to catheter manufacturing businesses' total catheters and variants product lines.


Catheter Market
Catheters Market

Over the projection period, the global and Chinese catheters markets are expected to develop due to an increase in the prevalence of chronic illnesses. According to the American Heart Association's Heart and Stroke Statistics 2019 Update, about half of all individuals in the United States suffered from cardiovascular disease in 2016.

Demand for Foley catheters is predicted to rise as the prevalence of urine incontinence rises. According to an article published in the journal Climacteric in June 2019, the prevalence of urine incontinence ranged from about 5% to 70%, with most studies finding a prevalence of any urinary incontinence in the range of 25-45 percent.

Furthermore, as the number of cardiac catheterization labs grows, demand for cardiac catheters is likely to rise. For example, Northwell Health, a nonprofit integrated healthcare network, announced in February 2020 that the New York State Health and Health Planning Council had approved the establishment of cardiac catheterization labs at its Lenox Health Greenwich Village, Mather Hospital in Port Jefferson, and Plainview Hospital facilities.

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