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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Rising demand for virtual gaming during COVID-19 pandemic to boost Virtual reality market opportunity and Drivers

Virtual reality is a simulated environment developed with software and technology to offer users with a realistic environment experience. Virtual reality is experienced through the senses of hearing and seeing. To experience virtual reality, users must wear gloves, earbuds, and a helmet fitted with sensors. Virtual reality can be separated into two types: a simulation of a genuine world for educational and training purposes, and the creation of an imagined environment for a tale or game. The use of sound and visual technology in games when the user wears a head-mounted display (HMD), gloves, or spectacles as part of their experience is referred to as virtual reality market in gaming. Biosensors are used in virtual gaming to accurately interpret the movement of muscles and nerves.

Rising demand for virtual gaming during COVID-19 pandemic to boost Virtual reality market opportunity

Every business in the world was hampered by the COVID-19 pandemic. General sales of VR gaming devices and gadgets suffered a significant decline during the early stages of the pandemic. The gaming industry's hardware production scale was severely harmed by the collapse of industrial divisions. Due to the lack of functionality, the investment picture and other commercial techniques were also placed on hold for the time being.

Nonetheless, the overall gaming industry is expected to grow at a significant CAGR over the projection period. The major figures revealed a significant increase in online game sales and playing time during and after the shutdown. For example, Verizon Communication US reported a 75 percent increase in gaming traffic during peak hours in March 2020.


Virtual Reality in Gaming Market
Virtual Reality Market


Virtual reality Market drivers

In gaming, virtual reality market provides the gamer with 360-degree view, superb sound, full immersion, and increased realism. The availability of controllers has also improved users' involvement with virtual reality environments, allowing gamers to manage and change the game environment to their liking.

Virtual reality headsets are still too pricey for the average consumer. To meet this challenge, businesses have created gaming clubs or dedicated locations in malls and business districts where children and adults may learn about and play these games. As a result, the number of people who play virtual reality games is increasing rapidly.

Because of technology improvements, most computer games may now be converted into virtual reality formats, allowing gamers to engage in new and improved interactions. Companies are constantly releasing new games and content due to the wide variety of virtual reality headsets presently accessible.

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