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 Genomics Market Overview, Drivers, Restraints and Regional Analysis

The study of human genes and chromosomes is known as genomics. It concentrates on genomic structure, function, evolution, mapping, and editing. The genome is an organism's genetic material, which includes deoxyribonucleic acid (DNA) (DNA). The information required to construct the entire human body is contained in DNA. The human genome is made up of 23 chromosomal pairs and 24000 genes. Structural genomics, functional genomics, and comparative genomics are all types of genomics research.

Global Genomics Market Drivers

The global genomics market is predicted to develop because to an increase in new product introductions. Contextual Genomics, for example, launched two molecular hotspot assays for the detection of genomic alterations in blood and solid tumours in January 2019. Rosetta Genomics Ltd. also announced OncoGxOne in May 2015. The Next Generation Sequencing (NGS) test is used to profile cancers in order to identify targeted therapies and determine chemotherapeutic tolerance.

Zenome also unveiled the first decentralised genomic internet software in September 2018, which is expected to expand the possibilities for safe storing of massive amounts of genetic data. The key benefit of decentralised genomic internet software is that it has a significantly higher level of security.

 

Genomics Market
Genomics Market

Global Genomics Market Restraints

A major impediment to the global genomics market's growth is a scarcity of skilled and trained specialists in genomes research. According to an express healthcare research from January 2019, genomics studies require highly competent and trained experts to streamline lab workflows and run them efficiently.

 

Global Genomics Market Regional Analysis

Due to increased product releases by key competitors, Europe is likely to earn considerable market share in the global genomics market over the forecast period. For example, Illumina, Inc. announced the launch of its new VeriSeq NIPT Solution in April 2017, which is a CE-IVD-marked next-generation sequencing (NGS)-based method to non-invasive prenatal testing (NIPT). The CE-IVD-certified library preparation and analysis software is part of this strategy. Fast, highly accurate, cost-effective, and non-invasive parenteral testing is possible with this programme (NIPT).

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