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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Enteral Nutrition Market Overview, Analysis and Market Growth

Enteral nutrition, often known as tube feeding, is any technique of feeding that uses the GI system to deliver caloric requirements, such as a regular oral diet or liquid supplements. A nasogastric feeding tube, also known as a nasoenteral tube, is inserted into the stomach by the nose, whereas a jejunostomy tube is inserted directly into the skin. Patients with chronic diseases such as head trauma, cancer, and stroke are given the tube feeding formula. Furthermore, the nutrition formula aids premature infants in gaining the nourishment and drugs they require.

 

Rising prevalence of chronic diseases is expected to drive the market growth over the forecast period

For patients with chronic medical conditions, enteral nutrition is indicated to counteract a weakened immune system, which affects eating patterns and results in significant weight loss. Furthermore, the worldwide enteral nutrition market is predicted to rise due to the rising prevalence of chronic disorders such as diabetes, chronic kidney disease, and malnutrition over the forecast period.

According to the International Diabetes Federation (IDF), 463 million persons aged 20 to 79 had diabetes in 2019, with that number predicted to rise to 700 million by 2045, a 51.2 percent increase between 2019 and 2045. According to the International Diabetes Federation (IDF), around 374 million people worldwide are at risk of developing type 2 diabetes.

 

Enteral Nutrition Market
Enteral Nutrition Market

Increasing government initiatives, investments, and funding for research and development is expected to drive the market growth over the forecast period

For example, the Tanzanian government published the National Multi-sectoral Nutrition Action Plan (NMNAP) for 2016-2021 in September 2017 to address malnutrition issues in the country. On this project, Nutrition International's Technical Assistance Program collaborated with the Tanzanian government.

Over the projected period, factors such as investments in research & development of novel medical nutritional products targeting various health issues, as well as funding from various nutrition firms, are expected to fuel the worldwide enteral nutrition market growth.

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