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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...

Fuel growth in Increasing prevalence and incidence of different cancers and Development of new vaccines for treatment of different cancers favor growth of Cancer Vaccines Market

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On a global scale, cancer is the second greatest cause of morbidity and mortality. Gene mutation is the most common cause of cancer, however inherited genes are also a factor. It is separated into carcinomas, lymphomas, leukemias, brain tumours, and sarcomas based on the type of cell it begins to form cancerous with. According to the World Health Organization (WHO), cancer is responsible for approximately one in every six fatalities worldwide, with 70 percent of cancer deaths occurring in low- and middle-income nations. Furthermore, 70 percent of new cases are predicted to be diagnosed globally over the next two decades. The introduction of cancer vaccinations has the potential to dramatically reduce these figures and provide a cancer-free future for the entire world's population. Increasing prevalence and incidence of different cancers is expected to favor growth of the cancer vaccines market According to the World Health Organization, around 8.8 million people died from cance...

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