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
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Barcode Printer Market Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

 

Barcode Printer Market
Barcode Printer Market

The entire barcode printers industry is rapidly expanding due to increased demand for barcode wristbands. Modern barcode wristbands provide a quick and easy way to ensure that the proper patient gets the right treatment. Following the barcoding of wristbands to provide basic patient identification, additional tracking and data applications that use barcode data input are implemented. When a healthcare provider gives a patient medication, the wristband is scanned to identify the patient, and the patient's electronic health data is immediately displayed. The medical personnel can check the prescription and dose against the patient's record before administering the medication. It aids in improving patient identification and drug information accuracy.

The COVID-19 had a minor impact on the barcode printer market because to the worldwide lockdown. Scheduled product introductions and related developments have been postponed due to the COVID-19 pandemic. As a result, the worldwide supply chain was disrupted, and barcode printer sales fell in the first half of 2020. The lifting of the lockdown and the restart of industrial activity helped the industry thrive in the second half of 2020. Codes for the COVID-19 vaccination are printed on syringe packets using barcode printers.

The rise in standard of life, rising e-commerce and logistics market, economic expansion, and increasing health care industry are all driving the worldwide barcode printer market forward. Despite the fact that barcodes are commonly utilised in industrialised countries, emerging regions hold the key for barcode providers due to the technology's low penetration and cost-effectiveness. Given these facts, it's safe to say that the barcode printer industry will continue to grow in importance in the coming years.

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