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...

Artificial Blood Market Overview, Development and Market Potential

Artificial blood is a red blood cell substitute that has been created artificially. To address the lack of blood for transfusions, scientists have been working for decades to generate artificial blood from various sources and using diverse methods. The scarcity of blood donors and the seriousness of blood-type rejection have prompted scientists to develop artificial blood, reducing reliance on blood donors.

Transfusions of red blood cells are a common and necessary treatment for anaemia. The discovery of an acid-citrate-dextrose blood preservation solution, as well as the cloning of the ABO gene, have all contributed to the advancement of the blood transfusion process. Transfusions are associated with a substantial risk of infection. In instances like chronic renal disease and chronic anaemia, recombinant erythropoietin stimulating agent therapy has been the standard of care. Blood transfusion is the sole choice in thrombotic and neoplastic problems. As a result, regenerative treatment has focused on RBC synthesis from hematopoietic stem cells, with major firms paying billions of dollars in research and development. The finished product, however, has yet to be approved by the US Food and Drug Administration (FDA).

 

Artificial Blood Market Development

In the worldwide artificial blood market, great progress has been achieved in identifying a suitable technology for producing blood cells. Scientists have been attempting to create artificial blood using a variety of chemicals, including perfluorocarbons and haemoglobin. Researchers began developing RBCs from cord blood stem cells when stem cell research became more popular. In 2009, the first stem-cell-based red blood cell clinical studies began. Adult bone marrow and cord blood stem cells were used in this study. The investigation took place at the University of Paris VI's Hematological Laboratory.

Initial investigations using stem cells from adult and umbilical cord blood undertaken by experts at the University of Bristol and the UK's National Health Service (NHS) have yielded positive findings. Clinical trials with 20 patients are expected to begin in 2017. Rather than acting as a total replacement for blood, the goal of these trials is to provide specialised treatment for certain patient populations.

 

Artificial Blood Market
Artificial Blood Market

Artificial Blood Market Potential

The World Health Organization (WHO) estimates that roughly 50,000 stem cell transplants are conducted worldwide each year, with 2,000 cord blood hematopoietic stem cell transplants performed each year. Cord blood stem cells are becoming more popular since they don't require perfect human leukocyte antigen tissue matching, can be employed allogeneically, and have a lower risk of graft vs. host illness.

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