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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Needle-free Blood Drawing Devices Market drivers and outlook

The technique of extracting blood by acquiring intravenous access is known as venipuncture. This procedure is used for a variety of things, including blood sampling and removing extra blood for the treatment of polycythemia Vera, a disease that causes an increase in blood volume or hematocrit. This procedure is carried out by physicians, laboratory scientists, or phlebotomists in the healthcare industry. Venipuncture is divided into two categories: needle and syringe venipuncture and vacuum tube venipuncture. Both of these methods have drawbacks, with the patient in both cases experiencing extreme pain.

 

Needle-free Blood Drawing Devices Market: Drivers

The global needle-free blood drawing devices market is predicted to rise due to an increase in the number of blood drawing procedures. According to the Agency for Healthcare Research and Quality, around 800 blood draws are performed per minute in the United States. Furthermore, according to Velano Vascular, approximately 28% of adult venipunctures and a shocking 44% of paediatric venipunctures require several sticks to effectively draw blood.

The market is predicted to develop in response to the rising occurrence of needle-related injuries. Medical practitioners in the United States, for example, sustain an average of 200 needle-related injuries per day, according to the American Journal of Infection Control. Furthermore, inadvertent needle stick injuries cost an additional $50 million per year.

 

Needle-Free Blood Drawing Devices Market
Needle Free Blood Drawing Devices Market 

Needle-Free Blood Drawing Devices Market Outlook

The global market for needle-free blood drawing equipment is governed by regulatory standards and safety policies. The Food and Drug Administration (FDA) must approve the promotion and use of needle-free blood drawing equipment in the United States. Velano Vascular, for example, has secured the same and now sells needle-free blood drawing devices to hospitals and other industries. As consumer knowledge of health improves, the number of preventative and periodic health checkups, including blood testing, has increased. This creates an ideal atmosphere for the needle-free blood drawing equipment business to thrive. Furthermore, these devices are easier to operate than traditional needle-based blood drawing methods and are more suitable for usage at home. Diabetes management, for example, will be significantly easier. Patients with diabetes should have their blood sugar levels checked on a regular basis. The procedure will be far more user-friendly and pleasant if a needle-free blood drawing instrument is used. The product is currently in the development stage, but a commercial version is likely to be released soon.

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