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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Calcium Lactate Market Overview, Outlook and Dynamics

Calcium lactate, commonly known as Calcium 2-hydroxipropanoate, is a black or white crystalline calcium salt. The primary materials utilised to make calcium lactate are calcium carbonate and lactic acid. Calcium lactate is formed when lactic acid displaces the carbonate group from calcium carbonate. Calcium is a vital component of the human body, as well as the material that makes up bones and teeth. Calcium is necessary for nerves, muscles, and bones to operate properly. Calcium insufficiency causes the body to pull calcium from the bones, weakening them. As a result, keeping a healthy calcium level in the body is critical. Calcium lactate is a calcium supplement for treating and preventing calcium insufficiency.

Market Overview

Calcium lactate is a salt in which each calcium cation (Ca2+) has two lactate anions. Calcium lactate is used to treat and prevent calcium deficiency conditions such osteoporosis, osteomalacia/rickets, hypoparathyroidism, and latent tetany. Calcium lactate is a calcium source found in regular dietary supplements. Calcium lactate is made commercially by neutralising lactic acid with calcium carbonate or calcium hydroxide. Calcium lactate, with the exception of newborn meals and infant formulas, can be used in food at levels that do not exceed current good manufacturing practise, according to the US Food and Drug Administration (FDA). It's utilised as a thickening, a flavouring ingredient, a leavening agent, a stabiliser, and a firming agent.

 

Market Outlook

The Asia Pacific calcium lactate market is the fastest expanding in the world, with China and India positioned to be major development engines. This can be attributable to the region's booming pharmaceutical and food manufacturing sectors. Because of the presence of large pharmaceutical companies such as Pfizer and Johnson & Johnson, the calcium lactate market in North America is likely to increase significantly.

 

Calcium Lactate Market
Calcium Lactate Market

Market Dynamics

The calcium lactate market is predicted to increase as the prevalence of calcium insufficiency and associated disorders rises. Over 200 million people worldwide suffer from osteoporosis, according to the International Osteoporosis Foundation. Over the forecast period, the growing elderly population is expected to add to the market expansion. Calcium insufficiency can affect anyone over the age of 65. Bones can be strengthened by taking calcium supplements in the form of gluconate, lactate, or phosphate.

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