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 Tissue Transplantation Products and Services Market Drivers and Opportunities

Chronic disorders frequently result in severe organ damage. This damage is usually irreparable, and it results in a lifelong reliance on medications. Transplants remain the mainstay for restoring a healthy life in such extreme circumstances. With advancements in medical innovation, there has been a spike in tissue transplantation around the world. The market for tissue transplantation and services has grown in popularity, particularly among high-income countries. Increased prevalence of diseases such as diabetes, cancer, cardiovascular disease, renal disease, and Alzheimer's disease has put a vast population at risk of permanent tissue damage.

 

Global Tissue Transplantation Market: Drivers

The growing prevalence of chronic diseases is propelling the TissueTransplantation Products and Services Market forward. According to the study 'Risk Factors and Rate of Progression of CKD in Children,' published in Kidney International Reports in June 2019, 38 percent of children had chronic kidney disease progression within two years of follow-up.

Furthermore, the increased frequency of cancer is likely to help the global tissue transplantation market's expansion over the forecast period. For example, the Leukemia and Lymphoma Society estimates that 176,200 persons in the United States will be diagnosed with leukaemia, lymphoma, or myeloma in 2019.

 

Tissue Transplantation Products and Services Market
Tissue Transplantation Market

Global Tissue Transplantation Market: Opportunities

For companies in the global tissue transplantation market, R&D in tissue transplantation is likely to provide lucrative growth prospects. For example, a study published in July 2018 by St. Marianna University School of Medicine in Japan attempted to isolate adipose-derived stem/stromal cells from cryopreserved adipose tissue with the goal of developing a banking system, and discovered that transplantation of adipose-derived stem/stromal cells derived from cryopreserved tissue significantly aided in the restoration of hindlimb movement function in injured model rats. Researchers from AMALNA Consulting and RMIT University, in partnership with Tithon Biotech Inc., projected the distinctive frequencies associated to parathyroid hormone activities, particularly differentiation of stem cells into osteoblasts, in May 2019.

 

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