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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...

Pediatric Clinical Trials Market Overview and North America is expected to hold the largest share in the Global Market

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Pediatric clinical trials are the only criteria for launching new drugs in the market for various indications that affect the paediatric population, and as a result, the pharmaceutical and biotechnological industries have been gradually shifting from in-house clinical research to contract research organisations (CRO). Due to unmet medical needs in the paediatric patient population, there is a considerable product pipeline in the clinical stage of development. In the foreseeable future, a robust medication development pipeline will provide lucrative growth prospects for the industry. According to 2018 data from the Pharmaceutical Research and Manufacturers Association (PHRMA). Furthermore, by 2020, nearly 1,300 industry-sponsored paediatric clinical studies will be underway across a wide range of therapeutic categories, including infectious diseases, neurologic problems, genetic abnormalities, and numerous types of cancer.   In the global market, North America is expected to h...

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