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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Radioimmunoassay Market Analysis, Market Dynamics and Regional Insights

 One of the most used in-vitro assay procedures for measuring antigen concentrations in blood is radioimmunoassay (RIA). The competitive binding assay is the basis for radioimmunoassay. Antibody and antigen bind to one another in this procedure, and the amount of bound antigen is evaluated using a radioimmunoassay. With the help of antibodies, this technology is hypersensitive and can detect even the tiniest amount of hormone or medication. Immunoassays are used to analyse a variety of clinical laboratory analytes, including nucleic acids, hormones, proteins, and medications. The development of more sensitive tests will lead to the discovery of novel biomarkers for illness diagnosis. Due to several characteristics such as specificity of results, accuracy, sensitivity, and precision, the importance of radioimmunoassay in the field of medical diagnostics has grown over time.

 

Radioimmunoassay Market – Dynamics

Due to the increased frequency of different infectious diseases and cancer, the radioimmunoassay market is expected to develop significantly over the forecast period. According to the 2018 American Cancer Society report, cancer claimed the lives of 609,640 people in the United States. Furthermore, the utilisation of radioimmunoassay techniques in pharmaceutical enterprises, contract research organisations, and research institutions is likely to fuel market expansion throughout the forecast period. Other factors likely to fuel growth of the radioimmunoassay market over the forecast period include rising need for healthcare automation and high throughput operations in diagnostic laboratories and research centres to ensure customer and patient satisfaction with error-free results.

 

Radioimmunoassay Market
Radioimmuunoassay Market

Radioimmunoassay Market – Regional Insights

The radioimmunoassay market is divided into North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa based on region. Because of increased acceptance of technologically advanced equipment, public awareness, high infection rates, improved medical facilities, and rising adoption of novel goods, North America dominates the market. Furthermore, government assistance for infection-free states is propelling the radioimmunoassay industry forward. According to the National Ambulatory Medical Care Survey from 2015, there were 16.8 million visits to physician offices for infectious and parasitic disorders.

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