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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Drip Irrigation Market Overview, Analysis and Outlook

Water is fed slowly to the root system of plants in a drip irrigation system, allowing for more controlled usage of water. Water is dripped onto the soil surface above the roots or directly into the root zone using this method. The goal of this technique is to reduce water evaporation. Drip irrigation systems, when installed and managed properly, can assist to save a lot of water by reducing evaporation and drainage. It can be used to control soil erosion and is effective on all soil types. Furthermore, the drip system aids in the delivery of organic matter and nutrients to the plants via the drip pipes.

It is the most efficient way of irrigation because it uses less water and just wets the area that is needed. This system's ability to provide high yields with few resources has sparked interest in its application in agriculture. Furthermore, government measures to provide drip irrigation subsidies are a crucial driver driving the global drip irrigation market forward. The high installation cost of drip irrigation systems, on the other hand, is projected to be a major restraint on market expansion.

 

Drip Irrigation Market
Drip Irrigation Market

Drip Irrigation Market Outlook:

Because of government incentives and subsidies, the Asia Pacific market is expected to grow at a significant rate over the forecast period. Furthermore, benefits associated with drip irrigation, such as high yield and reduced water waste, are supporting market expansion in rising markets like China and India. Furthermore, the drip irrigation market is being driven by reasons such as soil erosion control and quick fertilising. Under the Ministry of Water Resources' (MOWR) Accelerated Irrigation Benefit Programme (AIBP), India's Department of Agriculture and Farmers Welfare has proposed a scheme worth roughly 153 million US dollars for the 2015-2016 year.

Due to a decrease in arable land, water shortages due to industrialization, and an increase in population in Europe, the drip irrigation market in Europe is likely to gain substantial momentum throughout the forecast period. Furthermore, with drip irrigation, the government is pushing high agricultural output with fewer resources. In 2016, the EU and Eritrea inked a Drip Irrigation Systems Supply and Installation Deal for US$ 22.24 million.

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