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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Fire Protection Materials Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Fire Protection Materials Market
Fire Protection Materials Market

Fire protection materials are a type of material that is used in applications to help ensure the safety of buildings from fire hazards. Fire detection, combined with manual or automatic fire suppression, aids in the control of fires and the damage they cause. Partitioning the overall building or construction structure with fire-resistant floors and walls also helps to ensure fire protection.

Fire Protection Materials Market: Key Trends, Drivers

In recent years, technological advances have resulted in more cost-effective manufacturing of fire protection materials. Furthermore, there is a rapid improvement in desired properties with advanced fire protection material features. In addition, various regulatory bodies have imposed stringent regulations for the implementation of fire safety procedures, as well as the development of stringent building and safety codes.

These regulations have made it mandatory for organisations to adhere to fire safety specifications at workplaces, which is expected to increase demand for fire protection materials even further. These factors have been driving the global growth of the fire protection materials market, and the trend is expected to continue in the near future.

However, the additional replacement costs associated with fire protection materials have deterred potential buyers. Furthermore, inconsistency in the actual implementation of fire safety and prevention procedures in certain regions of the world is proving to be a restraint on the demand for fire protection materials.

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