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...

Radioimmunoassay Market Size, Share, Outlook, and Opportunity Analysis, 2022-2028

 

Radioimmunoassay Market
Radioimmunoassay Market

A valuable addition to medical science is the quantification of a specific protein in a complicated sample. Immunoassays target a specific molecule of interest and assess its concentration in a sample using highly specific antibodies. As a result, immunoassay can be defined as a biochemical method that uses a specific antibody to assess the concentration of a specific antigen.

The first immunoassay approach that can determine Nano molar and Pico molar hormone concentrations in biological fluids is radioimmunoassay. The RIA approach is based on the competitive binding principle, which states that a radioactive antigen competes with a non-radioactive antigen for the attention of a specific antibody. The RIA technique is employed in a variety of disease diagnosis applications, including early cancer detection and diagnosis, as well as the diagnosis of other infectious diseases, including neurological disorders.

RIA is one of the most important and established methods for diagnosing endocrine diseases. RIA is utilised in the pharmaceutical industry for drug testing. The market for radioimmunoassay techniques in cancer diagnosis is predicted to increase at a substantial rate throughout the forecast period, owing to advances in medical research and rising use of radioimmunoassay techniques in cancer diagnosis.

The global radioimmunoassay market is predicted to increase significantly over the forecast period, owing to rising cancer and other infectious disease prevalence. Over the forecast period, the increasing use of RIA procedures in research institutions, contract research organisations, and the pharmaceutical industry will also drive the overall expansion of the radioimmunoassay market. Additionally, increased need for high throughput and automated procedures in research centres and diagnostic labs to ensure patients' satisfaction with error-free findings is one of the important factors driving the radioimmunoassay market expansion throughout the projection period.

The high cost of the method, as well as constant improvements in alternative immunoassay procedures such as ELISA, are limiting the growth of the worldwide radioimmunoassay market.

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