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 Wound Care Market Overview, Restraints and Regional Insights

The global wound care industry has seen numerous technological developments and has established itself as a standard treatment for acute and chronic wounds. Due to the success of modern wound measure products in controlling wounds, which allows for faster healing, traditional wound care management measures are increasingly being replaced. The worldwide wound care industry is predicted to develop as more new wound care management solutions are introduced. For example, Johnson & Johnson's Ethicon and DePuy Synthes (a J&J subsidiary) launched tailored wound closure kits for orthopaedic surgery in the United States in 2017. Ethicon's Stratafix knotless tissue control devices and the Dermabond Prineo skin closure system are included in the newly released kits.

Global Wound Care Market - Restraints

The worldwide wound care market growth may be hampered by an increasing number of product recalls due to product failure, component inconsistencies, and packaging issues. For example, the FDA initiated a product recall of Hyalomatrix products from Anika Therapeutics, Inc. in May 2018 due to their vulnerability to degradation as a result of PVC decomposition in the packing material during sterilisation, which resulted in film degradation. It's possible that product integrity will be jeopardised in the long run. On May 10, 2019, the product was discontinued.

 

Wound Care Market
Wound Care Market

Global Wound Care Market - Regional Insights

The global wound care market is divided into five regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Because of the rising launches of innovative wound care products in the United States, North America is likely to have a prominent position in the global wound care market throughout the forecast period. For example, ConvaTec Group Plc. Company debuted its Foam Lite ConvaTec dressing in the United States in April 2017 for the treatment of acute and chronic wounds.

 

In the global wound care industry, Asia Pacific is predicted to grow rapidly. Because of the rising frequency of chronic wounds in Asia Pacific, the market is likely to grow throughout the forecast period.

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