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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...

How Biodetection Market is expected to grow substantially during the projected period

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Biodetection: Because of the rise in bio-terrorism, biodetection is becoming more widely accepted, resulting in an increase in the number of diseases and deaths. Biological agents or biological weapons, such as possible diseases and viruses, are used in bioterrorism attacks. These pathogens are detected using biodetection systems, which signal their presence or entry. Bioterrorism attacks are a major source of concern for governments, as they have the potential to harm a huge number of people at the same time. Anthrax scares in 2001, Ricin letters in 2004, severe acute respiratory syndrome (SARS), H1N1 onslaught in 2009, and Ebola outbreaks in 2014, for example, all resulted in human resource losses and had a negative impact on overall healthcare systems. As a result of these attacks, governments have increased their bio-surveillance budgets and purchased equipment that provides a shorter bio-attack alarm time, high sensitivity, and selectivity at affordable prices. Some of the negativ...

Global Industry Trends in the Medicinal Cannabis Market

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  The global medicinal cannabis market, segmented by point of sale (dispensaries, online pharmacies, and hospital pharmacies), active ingredient (tetrahydrocannabinol (THC) and cannabidiol (CBD), and therapeutic use (pain, arthritis, and neurological disease). Medicinal Cannabis  The legalisation of Medicinal Cannabis would spur greater study and provide a vital medical option for treating a variety of illnesses such as chemotherapy-induced side effects, epilepsy, and chronic pain, all of which are likely to drive the Medicinal Cannabis Market forward in the near future. The Australian government revised the Narcotics Drugs Act 1967 in February 2016 to allow cannabis growing for therapeutic or scientific reasons under a national licencing structure, which is likely to boost the region's medicinal cannabis sector. Furthermore, Australia's government declared in January 2018 that it will legalise medicinal cannabis exports, which is expected to boost domestic manufacturers'...

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