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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...

Artificial Pancreas Device System Market Analysis and Key trends

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Insulin administration might be difficult for type 1 diabetes (T1D) patients on a daily basis. Insulin pumps, pens, and jet injectors have made diabetes management easier by eliminating the need for uncomfortable insulin delivery devices like needles and syringes. Furthermore, organisations like the Juvenile Diabetes Research Foundation (JDRF) have partnered with industry leaders like Medtronic, Inc., Johnson & Johnson, and Tandem Diabetes Care, Inc. to develop breakthrough insulin and glucose monitoring systems/devices. An insulin pump, sensor, transmitter, and receiver are all part of the artificial pancreas device system (APDS). Medtronic, Inc.'s MiniMed 530G was the first artificial pancreas device system (APDS) to be approved by the US Food and Drug Administration. An insulin pump coupled to a continuous glucose monitor is referred to as an artificial pancreas. The monitor is controlled by sophisticated software algorithms through a receiver. It is used to aid in the r...

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