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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Catheter Market Drivers for Catheters in the United States and China, Restraints and Key Takeaways

A catheter is a hollow, soft tube that is inserted into the bladder and used to empty urine. Catheter-based operations include angioplasty, angiography, balloon septostomy, balloon sinuplasty, cardiac electrophysiology testing, and catheter ablation.

 

Market Drivers for Catheters in the United States and China

Over the projection period, the global and Chinese catheters markets are expected to develop due to an increase in the prevalence of chronic illnesses. According to the American Heart Association's Heart and Stroke Statistics 2019 Update, about half of all individuals in the United States suffered from cardiovascular disease in 2016. Furthermore, the industry is predicted to rise as the geriatric population grows. According to the United States Census Bureau,a the elderly population in the United States is predicted to reach 77 million by 2034.

 

Catheter Market
Catheter Market

Global and China Catheters Market: Restraints

The high cost of cardiac catheterization is projected to stifle the worldwide and Chinese catheters markets. The cost of a cardiac catheterization with or without a coronary angiography is between $3,000 and $5,000. Furthermore, hazards associated with cardiac catheterization, such as air embolism, haemorrhage, heart attack, infection, and kidney injury, are projected to stymie market expansion.

 

Market Trends/Key Takeaways

Demand for Foley catheters is predicted to rise as the prevalence of urine incontinence rises. According to an article published in the journal Climacteric in June 2019, the prevalence of urine incontinence ranged from about 5% to 70%, with most studies finding a prevalence of any urinary incontinence in the range of 25-45 percent.

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