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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PCB Design Software Market Overview, Drivers, Opportunity and Impact of Coronavirus (Covid-19) Pandemic

Engineers typically use PCB design software to create a device's printed circuit board (PCB). It incorporates a number of features aimed at tackling signal and power integrity concerns that engineers frequently confront. PCB design software is often used with other tools, such as PLM, to help engineers better understand PCB designs and layouts. The study covers the following important PCB design software subcategories: schematic capture, layout editor, auto-router, analytical tools, and testing tools.

 

Market Drivers

During the forecast period, the worldwide PCB design software market is likely to benefit from rising demand from the electronics, medical, automotive, and defence industries. Because of the increased use of wearable devices and smartphones, the consumer electronics industry has seen significant development in recent years. During the projected period, the automotive sector is expected to see the introduction of linked devices. Furthermore, the need for electronic gadgets in medical and defence applications has risen dramatically in recent years. In order to create these devices, PCB design software is essential.

 

PCB Design Software Market
PCB Design Software Market

Market Opportunity

The availability of improved design methodologies can open up a lot of doors for businesses. The majority of software providers are focusing on releasing new upgrades to address numerous challenges that customers have while developing PCBs. As a result, sophisticated technologies are being used, such as enhanced auto-rotating algorithms, intelligent interactive dialogues, and features for creating complex signal routes.

 

Global PCB Design Software Market - Impact of Coronavirus (Covid-19) Pandemic

The pandemic of COVID-19 has had a huge impact on the global PCB design software business, which has seen a dramatic drop in recent years. Following the outbreak in December 2019, governments implemented strict lockdown regulations, causing a temporary halt in manufacturing across the majority of verticals. Despite the fact that demand for PCB design software increased as a result of its major usage in medical equipment, disruptions in the global supply chain industry had a significant impact on market growth. Many countries, on the other hand, have begun to ease their COVID-19 laws and resume manufacturing activity, which could help the market flourish.

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