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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Cardiac Marker Testing Devices Market Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022-2028

 

Cardiac Marker Testing Devices Market
Cardiac Marker Testing Devices Market

Cardiac markers are diagnostic tools used to diagnose and monitor patients with chest pain, acute coronary syndrome (ACS), and acute myocardial infraction (MI). Cardiac marker testing detects endogenous substances released during blood circulation, primarily when the heart is damaged or stressed, assessing risk and directing appropriate therapy that improves clinical outcomes in high-risk patients. Cardiac markers are used in hospitals to detect cardiac injury or to predict the risk of future cardiovascular disease.

Major players in the global cardiac marker testing devices market are focusing on M&A strategies in order to expand their product portfolio. For example, Abbott and Alere Inc. announced a definitive agreement in 2016 for Abbott to acquire Alere in order to expand its point-of-care testing business.

 

Global Cardiac Marker Testing Devices Market: Drivers

Over the forecast period, the high prevalence of coronary artery disease is expected to drive growth in the global cardiac marker testing devices market. According to the American Heart Association's 'Heart disease and stroke statistics—2019 update,' published in 2019, CAD was responsible for 365,914 deaths in the United States in 2017.

Furthermore, the growing geriatric population is expected to contribute to market growth. According to the United Nations Economic and Social Commission for Asia and the Pacific, by 2050, more than a third of Asia Pacific's population will be 60 or older.

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