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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Global Epistaxis Market Overview, Restraints and Regional Insights

Epistaxis, commonly known as nosebleed, is caused by the rupture of a small blood artery in the nose's lining, which is extremely delicate and sensitive. Furthermore, many elements that make the cells fragile and prone to burst, resulting in bleeding, cannot be tolerated by the interior of the nose. Because upper respiratory infections are more common in the winter, nosebleeds are more common.

Furthermore, there are a variety of topical applications on the market, such as tranexamic acid, that help to stop nosebleeds. According to a 2015 study published in the International Journal of Otolaryngology, epistaxis affects 10-12 percent of the global population, with 80 percent of patients requiring medical attention because the majority of epistaxis cases are not self-limiting and cannot be resolved through intervention. The worldwide epistaxis market is predicted to develop as the number of incidences of nosebleeds rises.

Global Epistaxis Market- Restraints

The surgical process cauterization, which is widely used to treat epistaxis, resulted in a slew of negative side effects, including discomfort, swelling, and a runny nose. Over the projection period, this is expected to stifle market growth.

 

Epistaxis Market
Epistaxis Market

Global Epistaxis Market- Regional Insights

The global epistaxis market is divided into five regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Because of the rising prevalence of diabetes in the United States, North America is likely to dominate the epistaxis market over the forecast period. According to the Centers for Disease Control and Prevention, diabetes affected roughly 30.3 million people in the United States in 2015, accounting for 9.4% of the total population.

Because of the rising prevalence of hypertension in Asia Pacific, the epistaxis industry is predicted to rise rapidly. According to the global burden of illness study, over 1.63 million people died in India in 2016 as a result of hypertension.

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