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...

Pressure Labels Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Pressure Labels Market
Pressure Labels Market


Pressure Labels are a type of information provider about the product that also helps to track and trace the product's authentication. These labels include watermarks, chemical tags, and infrared detectable features that allow them to be read with a handheld device or computer portal. It is used as a product identifier, sticker, and decorative packaging component, and it aids in security against tamper evidence. It is widely used in food and beverage, healthcare, pharmaceuticals, consumer durables, and other industries.

Global Pressure Labels Market Overview

Pressure labels market is expanding rapidly as a result of rising consumer demand and the emergence of the supermarket, hypermarket, and retail sectors. In addition, rising pharmaceutical industry activity is expected to boost the market in the coming years. Furthermore, the consumer benefits from a source of information such as nutritive and calorific value, as well as authentication of the device, which contributes to the market's growth. There are certain constraints and challenges that can stymie market growth. Concerns about raw material price volatility and the availability of alternative products such as wet-glue labels are likely to act as market restraints.

COVID-19 is an unprecedented global public health emergency that has impacted nearly every industry, and the long-term effects are expected to have an impact on industry growth during the forecast period. Our ongoing research expands our research framework to include underlying COVID-19 issues and potential next steps. The report provides insights on COVID-19 by taking into account changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of current market forces, and significant government interventions. The updated study provides insights, analysis, estimates, and forecasts based on the COVID-19 market impact.

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