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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Global Nutricosmetics Market Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

 

Nutricosmetics Market
Nutricosmetics Market

Nutricosmetics Through 2027, the market size is expected to grow at a healthy rate. This can be attributed to a growing consumer knowledge of skin issues such as anti-aging, hair loss, wrinkles, and others that are linked to vitamin shortages. Furthermore, a paradigm change toward preventive health management methods, in the face of rising healthcare costs and the rising burden of lifestyle diseases, will drive up Nutricosmetics market demand globally. Furthermore, rising demand for omega-3 and vitamin-rich products, particularly for skincare, is expected to have a substantial impact on worldwide Nutricosmetics market growth in the coming years.

Compounds from vegetables, fruits, medicinal herbs, and other natural sources are used in nutricosmetics for their extraordinary capabilities, including as anti-aging due to the presence of high-antioxidants. Due to increased consumer desire for grooming and demand for a healthy lifestyle, the global geriatric population is predicted to drive demand for nutricosmetics. According to UN estimates, there were almost 703 million people over the age of 65 in 2019. By 2050, the population will have doubled to 1.5 billion. As a result, the ageing population is becoming a potential end-user for nutricosmetics, as they increase their usage of the product to help them keep their health and look young.

However, in the next years, the global Nutricosmetics market is expected to be hampered by a lack of awareness about the availability of nutricosmetics and their benefits in many developing nations and countries. Nutricosmetics supplements are expected to grow in popularity during the projected period, as they promote convenience of consumption and precise nutrient delivery. These supplements are meant to improve the appearance of your hair, skin, and nails. Furthermore, by 2020, sales of these products are expected to reach 6-7 billion dollars, with Europe and Asia accounting for more than half of all sales.

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