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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...

Heavy Power Surgical Tools Market Analysis, Dynamics and Region

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During orthopaedic procedures, heavy power surgical tools, also known as heavy duty surgical tools, are commonly utilised to relieve traumatic pain. Market growth is on the rise, creating prospects for medical device producers all around the world. Despite the industry's ongoing slump as a result of the Great Recession, higher healthcare spending and an increase in the number of orthopaedic cases worldwide are predicted to provide good market possibilities for businesses. Surgical instruments with a lot of power are employed. Despite the fact that the market was valued at over US$ 14 billion in 2015, it is highly concentrated, having a presence in all developed regions. As a result, organisations are focusing on inorganic growth to take advantage of the market.   Heavy Power Surgical Tools Market Dynamics Despite the industry's recent slump, it is predicted to rise at a strong rate in the next years. Product innovation and rising customer demand, particularly in developi...

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