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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Shavers Market Overview, Drivers and Restraints

Waxing is a popular method of hair removal, but it is more painful and expensive than shaving. Electric shavers, such as epilators and trimmers, are becoming increasingly popular around the world since they eliminate the need for recurring purchases. For shaving the legs and armpits, ladies are increasingly turning to shavers. They're long-lasting, simple to operate, and inexpensive. Cartridges, disposables, and electrics are the different types. They're easy to find in supermarkets and hypermarkets, as well as convenience stores and online.

 

Market Drivers

Over the forecast period, technological advancements such as the introduction of electric shavers are expected to fuel market expansion. For example, Manchester United and Remington teamed together in September 2019 to produce a co-branded product line. The limited-edition collection features club colours and the iconic Manchester United emblem, as well as grooming and hair styling products. Electric shavers, beard trimmers, hair dryers, clippers, and styles are all included.

 

Market Restraints

The global market is being shaped by an expanded female consumer segment, rising disposable shaver usage, and rising desire for convenient premium shaving products. In this market, key player collaborations and increased demand for simple-to-use goods are projected to boost sales.

Over the forecast period, rising demand for multi-blade razors with lubricating stripes is likely to drive market expansion. For example, Gillette introduced the Fusion ProShield in November 2015, which has lubrication before and after the blades to protect against irritation during every shave - no matter how many strokes a person takes. As a result, shavers market growth is predicted to accelerate.


Shavers Market
Shavers Market


Many manufacturers are implementing a smart approach to improve product distribution channels in order to reach the target customer, which is likely to boost market growth. For example, in April 2019, digital direct-to-consumer razor firm Harry's announced plans to expand into the offline retail industry by partnering with Boots to offer its products in 300 UK stores.

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