Future Prospects of Global Laboratory Proficiency Testing Market

Image
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...
Post a Comment

Global Astaxanthin Market Outlook – Increasing Pharmaceutical Applications are expected to be the Major Market Driver

Astaxanthin is a reddish brown pigment that belongs to the carotenoids family of compounds. It's found naturally in certain algae and gives trout, salmon, shrimp, lobsters, and other shellfish its red or pink colour. Astaxanthin derived from yeast or fungi, as well as synthetic astaxanthin, have recently gained favour.

Astaxanthin is commonly used orally and has been shown to help with a variety of chronic illnesses. It's been used to treat Alzheimer's disease, Parkinson's disease, liver problems, high cholesterol, and macular degeneration for a long time. In recent years, a plethora of astaxanthin medicines have invaded the market.

The most promising Astaxanthin Market manufacturers are predicted to be Asia Pacific and North America. Over the forecast period, Asia Pacific is expected to increase at a comparatively high rate in terms of value. This might be linked to the pharmaceutical industry's predicted growth, particularly in emerging markets like China and India. The Indian medicines business is predicted to produce US$ 55 billion by 2026, according to the India Brand Equity Foundation. Furthermore, the expanding medical tourism industry in India has bolstered the astaxanthin market in the country. The India Brand Equity Foundation (IBEF) was created by the Ministry of Commerce and Industry, Department of Commerce, in partnership with the Government of India, with the goal of promoting and raising international awareness of Indian-made goods.

Astaxanthin Market
Astaxanthin Market


The global astaxanthin market is growing due to various applications of astaxanthin in pharmaceutical and personal care products, particularly in the Asia Pacific and Middle East regions. However, one of the reasons impeding the worldwide astaxanthin market's growth is high production costs due to limited raw material availability. The main companies in the worldwide astaxanthin market use a variety of methods, including mergers and acquisitions, establishing a new portfolio, and expanding their business. Fenchem Biotek Ltd., a major manufacturer of high-quality cosmetics ingredients, extended its cosmetic operations in the South American market in September 2018. The company opened a new plant in Sao Paulo, Brazil, that includes a warehouse for supply chain optimization.

Comments

Post a Comment

Popular posts from this blog

Future Prospects of Global Laboratory Proficiency Testing Market

Image
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...
Read more

Malaria Vaccines Market – Making Way for a Malaria-Free World

Image
  Overview of the Global Malaria Vaccine Market Malaria has been a global problem over the past ten years, causing millions of fatalities. The creation of vaccines is an important component of effective interventional control. Novel vaccination ideas have attracted a lot of attention in recent years. A broad pipeline has been studied, thanks to ongoing study into the malaria life cycle. Understanding the biology of the deadly human malaria parasites Plasmodium falciparum and Plasmodium vivax is critical to expanding opportunities in the malaria vaccine industry. The market for malaria vaccines has been opened up by generations of pre-erythrocytic vaccinations. This has resulted in a flurry of biotech investments. RTS,S/AS01 (RTS,S) is the most thoroughly tested malaria vaccine candidate for P. falciparum. The study on the worldwide Malaria Vaccines Market examines the investment trends associated with various vaccine development approaches around the world. It examines healt...
Read more

Global and China Catheter Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Image
  Global and China Catheter Market A catheter is a tube that is inserted into a body cavity, typically the bladder, to remove fluid. The most common type of catheter is an indwelling urinary catheter, which is required by people who are unable to completely empty their bladders or who require assistance in emptying at the appropriate time. Spina bifida, multiple sclerosis, stroke, or a spinal injury are all conditions that contribute to the need for a urinary catheter. The use of a catheter, particularly after a medical procedure that necessitated hospitalisation, is more common than many people realise. According to statistics, between 15% and 25% of hospitalised patients receive urinary catheters during their stay. Catheterization, however, is not without risk. Infections can occur in the urethra, bladder, or kidneys, though the latter is less common. Catheters can also cause bladder spasms, leakage around the catheter, and debris in the catheter. The urinary tract infection is...
Read more