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. Accordi

Central Venous Catheter Market Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

 

Central Venous Catheter Market
Central Venous Catheter Market

A central line or central venous line is another name for a central venous catheter. It is a flexible tube that is put into a vein beneath the right side of the collarbone and led to the superior vena cava, a big vein that leads to the heart. A central venous catheter is used to administer various fluids, which can then be conveniently administered into the patients' bodies. Intravenous fluid, blood transfusions, and chemotherapeutic medicines are among the fluids. In 2011, the Centers for Disease Control and Prevention (CDC) issued guidelines for preventing intravascular catheter-related infections, which were updated in 2017. The guideline covers a variety of critical elements related to central venous catheters, including adequate training for healthcare practitioners who insert intravascular catheters and staff who are responsible for catheter surveillance and catheter application site selection.

 

Global Central Venous Catheter Market - Impact of the Coronavirus (COVID-19) Pandemic

Over the projected period, the global central venous catheter market is expected to be constrained by the COVID-19 pandemic. For example, a study published in Current Oncology, a Canadian Cancer Research Journal, in June 2020 evaluated the impact of the COVID-19 epidemic in China on Stage II and Stage III colon cancer patients receiving adjuvant chemotherapy treatment.

Furthermore, the worldwide central venous catheters market is likely to be hampered by a decline in the number of blood transfusions. For example, during the COVID-19 pandemic, extra problems occurred for blood transfusion as a result of lockdown, social isolation, and fear of blood virus transmission, according to an article published in the journal Transfusion Medicine and Hemotherapy in November 2021. Furthermore, the elderly, who gave the majority of blood donations, were among the most sensitive to the virus, resulting in reduced donations from them, according to the same source.

Regulatory authorities are issuing guidance to market participants regarding the classification of central venous catheters, which is projected to fuel market expansion throughout the forecast period. For example, the US Food and Drug Administration (FDA) issued a De Novo classification order for Bluegrass Vascular Technologies' Surfacer Inside-Out Access Catheter System in 2020. The technique was created to allow patients with upper body venous occlusions to gain central venous access so that a catheter may be inserted into the central venous system.

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