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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Needles Market Global Trends, and Forecast till 2025

 

Needles Market
Needles Market

The global needles market is predicted to develop significantly in the future years, owing to rising chronic illness prevalence, a growing elderly population, an increase in the number of hospitals in emerging nations, and increased need for vaccines globally.

The needles market has been divided into two categories based on needle types: conventional and safety needles. Bevel, blunt fill, filter, and vented needles go into the conventional category, whereas passive and active needles fall into the safety needles category. During the projected period, the market for safety needles is expected to grow at a quicker rate. Both passive and active safety needle-based systems are available from Becton, Dickinson and Company.

Based on the distribution mode, the needles market has been divided into hypodermic, intravenous, intramuscular, and intraperitoneal segments. Throughout the analysis period, the hypodermic needles category is predicted to have the biggest market share. These needles are used to inject medications into the subcutaneous layer of the skin, allowing the active chemicals to be quickly absorbed into the bloodstream, which is a major element driving this category's rise.

Metal, plastic, glass, and PEEK materials are used to make needles. Metal needles are predicted to have the highest share of the needles market due to its reusability and durability. The needles industry's primary end consumers are hospitals and diagnostic facilities. Clinics, ambulatory surgery centres, nursing homes, and individuals at home are among the other end users of these goods. In the approaching years, hospitals are predicted to be the largest end-user group, owing to an increase in healthcare facilities and a surge in hospital patient population. According to the European Commission, discharge rates for inpatients in 2015 were generally in the range of 10.2-20.7 thousand per 100,000 people in most EU member states, indicating a large patient base that would lead to an increased need for needles in the region.

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