Future Prospects of Global Laboratory Proficiency Testing Market

Image
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...

Bioreactor Market Analysis, Drivers and Regional Insights

A bioreactor is a vessel that has been constructed or manufactured for the production of a wide range of biological products. A biochemical process is carried out in an industrial bioreactor using microbes and animal cells, or biologically active compounds derived from living cells. The most significant component in bioprocessing is the bioreactor, which is cylindrical in shape and has a capacity ranging from litres to cubic metres. Bioreactors are used in fermentation processes such as wine and beer manufacture. Stainless steel is used in bioreactors for large-scale manufacturing of medicinal goods. Small glass bioreactors are utilised in biopharmaceutical firms for research and development as well as scale-up activities. Disposable bioreactors, also known as single-use bioreactors, are another form of bioreactor. They are designed to be used only once. It's commonly utilised for prolonged study and production. Batch, fed batch, and continuous stirred tank operations are all possible with bioreactors.

 

Market Drivers

In terms of manufacturing, quality control, and procurement, the efficiency of single-use bioreactors has improved across the pharmaceutical industry. Single-use bioreactors provide benefits such as uniformity in production, increased manufacturing speed, lower operational costs, and shorter manufacturing time for completed dosage forms, all of which contribute to the bioreactors market's growth. According to the National Center for Biotechnology Information (NCBI), single-use bioreactors have a 22 percent lower operational cost per gramme of monoclonal antibody production (mAb) than conventional systems, owing to decreased manpower, utilities, maintenance, and trash.

 

Bioreactors Market
Bioreactor Market

Market Regional Insights

Because of the existence of significant biopharmaceutical manufacturing businesses, North America is projected to hold a dominating position in the bioreactors market. In the United States, biopharmaceutical companies including Gilead Science, Inc., Amgen, and Biogen, Inc. are actively conducting research on innovative treatments for the treatment of a variety of ailments. Oncology-related medicines, such as monoclonal antibodies, necessitate the use of bioreactors on a small and big scale for production purposes. Furthermore, according to the National Center for Biotechnology Information (NCBI), single-use bioreactors were used by 65.6 percent of clinical scale manufacturers and roughly 42 percent of commercial manufacturers in 2014 to optimise their bioprocessing. Due to increased use of bioreactors in biopharmaceutical businesses, Europe is likely to see considerable growth in the bioreactors market. According to the Organization for Economic Co-operation and Development (OECD), around 1,700 biopharmaceutical enterprises using bioreactors were based in Europe in 2015.

Comments

Popular posts from this blog

Future Prospects of Global Laboratory Proficiency Testing Market

Malaria Vaccines Market – Making Way for a Malaria-Free World

Global and China Catheter Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027