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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Global Bone Cancer Drug Market: Restraints and Impact of Coronavirus (COVID-19) Pandemic

Bone cancer is a malignant disease that develops when a tumour or cancerous cells form in a bone. The development can occur in any bone of the body at any time, but it is more common in the pelvis and long bones of the arms and legs. Bone cancer patients may experience bone pain, edoema, and weariness, as well as weight loss.

Global Bone Cancer Drug Market: Restraint

The lack of competence and inadequate understanding of bone cancer in a few poor and middle-income countries such as India and Kenya, as well as the higher costs associated in the treatment and detection of bone cancer, are the key factors limiting the worldwide bone cancer drug market's growth.

 

Bone Cancer Drugs Market
Bone Cancer Drug Market

Global Bone Cancer Drug Market– Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 virus has spread to over 100 nations since its outbreak in December 2019, prompting the World Health Organization to designate it a public health emergency. As of August 2, 2021, the manifestation of Coronavirus (COVID-19) had resulted in more than 198 million infected individuals worldwide, according to a World Health Organization report.

COVID-19 has the potential to impact the economy in three ways: directly impacting production and demand, causing distribution channel disruptions, and having a financial impact on enterprises and financial markets. Several countries, including China, India, Saudi Arabia, the United Arab Emirates, Egypt, and others, are experiencing difficulties transporting narcotics from one location to another as a result of nationwide lockdowns.

Furthermore, the COVID-19 pandemic is posing significant difficulties to participants in the global bone cancer medication industry on multiple fronts. The supply of raw materials required for producing medication formulations is a big difficulty due to transportation anomalies. Furthermore, due to a surge in the number of patients suffering from COVID-19 and other life-threatening conditions, distributors are seeing erratic demand for items from retailers.

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