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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Artificial Pancreas Device System (APDS) Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

 

Artificial Pancreas Device System (APDS) Market,
Artificial Pancreas Device System (APDS) Market 

The pharmaceutical and healthcare industries have undergone significant transformations in recent years, owing to rising disease prevalence, technological improvements in medicine, and increased spending in research and development. Increased investments in the pharmaceutical industry, drug research, and governmental and private sector funding are all contributing to market revenue growth. Furthermore, the availability of cutting-edge technology in a number of established and emerging nations, advancements in healthcare infrastructure, and rising use of quick testing and point-of-care diagnostics are all contributing to market expansion. Furthermore, throughout the ongoing pandemic, persistent demand for various treatments and devices is projected to benefit top corporations. Market expansion is being fueled by rising demand for home care settings, a growing requirement for early diagnosis, and increased acceptance of precision medicine.

The market is expected to develop as the prevalence of type 1 diabetes rises, demand for insulin self-administration rises, and the geriatric population grows. Furthermore, market expansion is fueled by increased public awareness and FDA collaboration with private institutes. However, the market's expansion is projected to be hampered by a scarcity of skilled specialists in developing regions such as Africa and South America. During the projection period, R&D in the sector of medical equipment is expected to provide new opportunities.

The Artificial Pancreas Devices Market is divided into three categories: kind, end-user, and geography. The market is divided into two types: CTR (control to range) and CTT (control to time) (control to target). The market is divided into hospitals, medical centres, and other end-users. It was studied across North America, Europe, Asia-Pacific, and Latin America and the Caribbean.

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Future Prospects of Global Laboratory Proficiency Testing Market

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