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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Laboratory Equipment Market role in medical, pharmaceutical, and healthcare research

Laboratory equipment plays a significant role in medical, pharmaceutical, and healthcare research. As new technologies eliminate equipment like series of pumps and valves that are necessary to store samples, these devices are becoming smaller and smaller. Recent improvements in fluidic components, for example, are capable of merging numerous laboratory tasks into a single chip, needing lower amounts of samples.

Continuous advances in laboratory equipment segment allow to boost the market

For example, Echo, a San Diego-based business, introduced the Revolve hybrid microscope, a digital, all-in-one microscope, in March 2017. The unique microscope combines the advantages of both an upright and an inverted microscope. It is largely used in clinical laboratories and by cancer and stem cell biologists to capture high-resolution images, and it also includes cloud storage to allow the microscope's images to be remotely maintained, managed, and backed up. The company obtained US$ 7.5 million in funding from two venture capital firms, and the money will be used to boost production of the Revolve hybrid microscope.

Beckman Coulter, Inc. released the Avanti J-15 Series, a next-generation, refrigerated, high-speed benchtop centrifuge, in October 2017. It enables for increased operational efficiency and time savings through the reduction of workflows. The laboratory equipment market is expected to grow in the future as a result of these technological and product advances.


Laboratory Equipment Market


Laboratory equipment services supply many sorts of apparatus and machinery that are required for biological and pharmaceutical research and inquiry. In addition, laboratory equipment services are used in the industrial and commercial sectors. Analytical instruments are a broad category of devices used in chemical, pharmaceutical, healthcare, food-processing, and oil refineries for analytical purposes. The devices aid in the investigation of materials as well as the approval of the composition. Spectrophotometers, refractometers, calorimeters, electrochemical instruments, conductivity metres, automatic density metres, automatic titrators, colony counters, demagnetizers, fiberscopes, and other types of analytical equipment are among the most common. Initially, the majority of diagnostic testing for clinical trials was done in regional laboratories, with a focus on patient safety. The idea of a central laboratory grew in popularity as a way to streamline clinical trial diagnostic testing and centralise test results. Specialty Equipment is a subset of Laboratory Equipment Services that focuses on specific pieces of equipment.

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