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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Global Pressure Bandages Market Key insights & How Inelastic Pressure Bandage Segment to Dominate Global Market

After a catastrophic injury, pressure bandages are an important first-aid treatment used in medical settings to facilitate healing. The pressure bandages compress the wounded blood arteries and aid in the formation of a blood clot, preventing rapid blood loss or haemorrhage. The pressure dressings are ideal for wounds on limbs that need to be stabilised. The bandages can also be used to treat deadly snake bites to prevent venom from entering the bloodstream. For serious injuries such as sports injuries and accidents, pressure bandages are suitable emergency equipment.

 

Key insights on the global pressure bandages market

Due to weak demand, the Pressure Bandages Market has seen only modest expansion in recent years. Furthermore, the transition from cotton gauze to pressure bandages, which was a main factor of the market's growth from the early 2000s to the early 2010s, has now been nearly fully realised, resulting in a demand plateau. The Covid-19 epidemic has exacerbated manufacturers' problems in terms of supply chain interruptions and decreased penetrability of new regional markets for major global healthcare goods producers during the past year. At the same time, the pandemic is causing some alterations in the market for pressure bandages, which are expected to last. The rise of powerful local players, which is increasing fragmentation in domestic markets, is one of the most significant of these shifts.

 

Pressure Bandages Market
Pressure Bandages Market

Inelastic Pressure Bandage Segment to Dominate Global Market

Pressure bandages can be classified by product type, material, application, end-user, and geography in the global market. The global pressure bandages market can be divided into three types of products: inelastic bandages, elastic bandages, and multicomponent multi-layer compression systems. Short stretch bandages have a limited flexibility, resulting in low resting and high working pressure at the application site. Due to high volume consumption, convenient availability, low cost, convenience of use, and a wide range of applications, the short stretch pressure bandages segment is likely to dominate the worldwide pressure bandages market in the coming years. Multicomponent multilayer bandages combine several bandages with varying degrees of elasticity to provide the benefits of both short and long stretch compression bandages.

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