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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...

Increasing technological advancements facilitating the production of novel products is expected to drive growth of the Recombinant DNA Technology Market

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The market is predicted to increase due to great advancements paired with a wide range of applications to treat life-threatening human diseases such as cancer, diabetes, and infectious diseases. According to the Global Diabetes Community, diabetes affects an estimated 422 million adults worldwide in 2017, with the number anticipated to rise to 642 million by 2040. According to the World Health Organization (WHO), diabetes is responsible for 1.5 million fatalities while hyperglycemia, or high blood glucose levels, is responsible for 2.2 million deaths. Advances in recombinant technologies have aided the development of long-acting therapeutic proteins for drug development as well as the introduction of gene therapy, a novel molecular medicine, all of which have aided the growth of the recombinant DNA technology market by improving the treatment of genetic diseases. Furthermore, scientists may utilise the breakthrough gene editing technique CRISPR to target the death of aberrant genes in...

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