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. Accordi
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Artificial Blood Market Overview, Analysis and Market Potential

Artificial blood is a red blood cell substitute that has been created artificially. To address the lack of blood for transfusions, scientists have been working for decades to generate artificial blood from various sources and using diverse methods. The scarcity of blood donors and the seriousness of blood-type rejection have prompted scientists to develop artificial blood, reducing reliance on blood donors.

Oxygen therapies or haemoglobin-based oxygen carriers are other names for artificial blood substitutes. It's utilised to replace blood transfusions by simulating the function of biological blood. Artificial blood is used to replace banked red blood cell transfusions and is designed to solve restrictions such as a lack of blood, high risk of contamination, and the need for cross matching. Artificial blood Market transfusions have a number of dangers, including the transmission of infectious diseases, transfusion responses, transfusion-related acute lung injury, delayed postoperative wound healing, immunomodulation, and the chance of cancer recurrence. It holds out the prospect of novel and life-saving medicinal treatments.


Artificial Blood Market
Artificial Blood Market

Artificial Blood Market Potential

The World Health Organization (WHO) estimates that roughly 50,000 stem cell transplants are conducted worldwide each year, with 2,000 cord blood hematopoietic stem cell transplants performed each year. Cord blood stem cells are becoming more popular since they don't require perfect human leukocyte antigen (HLA) tissue matching, can be employed allogeneically, and have a lower risk of graft vs. host illness. According to the New York Blood Center (NYBC), the world's largest cord blood bank in terms of units kept, cord blood is used in more than half of all stem cell transplants in children in the United States. In Japan, a comparable statistic has been seen among adults.

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