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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Ostomy Drainage Bags Market Size, Share, Trends, and Forecast 2018 – 2026

 

Ostomy Drainage Bags Market
Ostomy Drainage Bags Market

Depending on the type of surgery that the patient has, an ostomy drainage bag is primarily used to collect urine or stool after surgery. There are urostomy bags, ileostomy bags, and colostomy bags, among others. Stoma bags, also known as colostomy bags, are small waterproof pouches used to collect waste from the body. Ileostomy bag works on the same concept as a stoma bag, however it's called an ileostomy bag to distinguish it.

Increased frequency of colorectal cancer cases, inflammatory bowel disorders, and development of novel ostomy products by a large number of key players are driving the worldwide ostomy drainage bags market share growth. Increased demand for ostomy by the geriatric population is fueling the growth of the ostomy drainage bags market. Because of technological advancements in terms of production, ostomy bags are becoming increasingly popular among ostomates. Customers are drawn to ostomy bags because of the sensor incorporated in them, which is predicted to fuel future growth of the ostomy drainage bags market.

The companies that make ostomy healthcare items have carved out niches in the industry by introducing novel goods and catering to the demands and comfort of patients. The usage of ostomy bags as a life-saving alternative raised their demand among people since they have properties including skin-friendliness, waterproofness, unbreakability, and extended durability, all of which drive up demand for ostomy bags. Furthermore, older patients with diabetes and obesity are more likely to develop colorectal cancer, resulting in an increase in the number of colostomy procedures performed each year. The increased prevalence of colorectal cancer has resulted in an increase in demand for colostomy bags, boosting the market's growth. Moreover, over the projection period for the global ostomy drainage bags market, a growth in the number of product approvals is likely to give lucrative prospects for expansion.

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