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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Weight Loss and Weight Management Market: Growing Intake of Fast-food With High Calories is Driving Growth

Obesity is a major contributor to the rising prevalence of chronic diseases such as heart disease, type 2 diabetes, and cancer. Obesity is becoming more common, which is driving up demand for weight loss and management techniques. Weight loss and weight management are strategies performed to maintain an individual's body mass ratio for general health. Obesity is defined as a body mass ratio of more than 30 kg/m2 and a BMI of 25-30 kg/m2. Obesity causes health problems like strokes, high blood pressure, and coronary heart disease.

Obesity is caused by a growing adoption of sedentary lifestyles, a preference for fast food, and genetic factors, all of which are driving growth in the weight loss and weightmanagement Market. The weight reduction and weight management industry encompasses a variety of meals, beverages, supplements, workout equipment, and surgical procedures to assist with weight management. Because of the increased health consciousness among the worldwide population, the industry is predicted to rise rapidly.

Weight Loss and Weight Management Market
Weight Loss and Weight Management Market

Market Drivers

The primary driving forces contributing to obesity are a rise in disposable money, an increase in the consumption of high-calorie fast food, and an increase in the acceptance of an unhealthy lifestyle due to the fast-food industry's growth. As a result, there is a significant demand for weight loss and obesity treatment, which is fueling market expansion. Furthermore, government and profit/non-profit enterprise activities to improve physical activity and diet habits in the population at the local, regional, and global levels are fueling the growth of the global weight loss and obesity management market.

Furthermore, as a result of the increased COVID-19 outbreak, nearly 88 percent of companies have encouraged their employees to work from home, resulting in a significant decrease in people's physical activity, resulting in weight gain and related problems, which is expected to propel the global weight loss and obesity management market growth over the forecast period.

 

Market Restraints

Product recalls are projected to be a major stumbling block to the global weight loss and obesity management market's growth. For example, the Food and Drug Administration recalled Lipodrene w/25mg Ephedra Extract Dietary Supplement in May 2021 owing to the presence of an unlawful substance (DMAA) that can cause serious problems such as shortness of breath, high blood pressure, arrhythmias, and heart attack.

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