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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Genomics Market - Growth, Trends, COVID-19 Impact, and Forecast (2019 - 2026)

 

Genomics Market
Genomics Market

From 2019 to 2026, the genomics market is expected to grow significantly, owing to increased application scope and rising demand for precision medicine. The growing global burden of cancer has resulted in increased government support in the form of funds for genomics projects. The increased number of prenatal genetic screening programmes will also drive market demand.

Genomics is the study of genomes and includes DNA sequencing methods, recombinant DNA, and bioinformatics for sequencing, assembling, and analysing genome structure and function. The growing use of NGS (Next-Generation Sequencing) in cancer research, combined with the influx of new players and start-ups, will fuel the industry's revenue growth.

Consumables are expected to proliferate through 2026 due to their growing utility in genomic systems due to their disposable nature and ultimate safety for health workers. They are a highly sought-after solution because they provide protection against airborne particles as well as harsh liquids that can cause severe skin damage. The growing number of genomic tests performed globally, as well as the increasing availability of nucleic acid extraction kits and reagents, will also favour segment progression.\

The development of novel genome technologies by key players in the genomics market, as well as a diverse range of genomic products used in COVID-19 research, aided researchers in their understanding of the coronavirus. As a result, COVID-19 had a positive impact on the genomics market. Using existing genetic databases, researchers attempted to address genetic severity and susceptibility to SARS-CoV-2 infection. To uncover the common variants underlying host-pathogen interactions and biological networks, genome-wide association studies (GWAS) and multiomic-based approaches have been used. Furthermore, data from genomes, such as ABO blood groups and polygenic risk scores (PRS), could be used to decode COVID-19 susceptibility, complications, and resistance. Furthermore, biobanks that link genomic data to electronic health records can be used to study the impact of genomic factors on the clinical course of COVID-19 patients.

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