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...

Overview and the Drivers of the Global Antipsychotic Drugs Market

Anti-psychotic medications, often known as tranquillizers or neuroleptics, are a class of medication commonly used to treat schizophrenia and bipolar illness. They're used to treat psychosis, which includes hallucinations, delusions, and paranoid thoughts, among other things. Antipsychotic medications are successful in treating psychosis in a short period of time. These medications inhibit the action of dopamine, which is directly connected to psychotic symptoms, by blocking dopamine receptors in the brain's dopaminergic pathways. Antipsychotic use has increased as the prevalence of mental disorder has increased. According to the National Alliance of Mental Illness, one in every five adults suffers from mental illness, accounting for 18.5 percent of the overall population. Long-term use of these medications, on the other hand, may cause adverse effects such metabolic syndrome and involuntary movement disorder, leading to an increase in mortality in the older population with dementia.

 

Antipsychotic Drugs Market
Antipsychotic Drugs Market

Overview of the Global Antipsychotic Drugs Market

Because of the global growth in prevalence of psychotic diseases such as bipolar disorder, schizophrenia, delusions, hallucinations, and very severe depression (known as "psychotic depression"), the global Antipsychotic Drugs Market medications is gaining traction. According to recent studies, antipsychotics are one of the most popular and extensively prescribed medications in the United States for the treatment of psychotic disorders.


 

Drivers of the Global Antipsychotic Drugs Market

The rising frequency of Schizophrenia and psychotic diseases is a primary driver of the worldwide anti-psychotic medications industry. Several other causes, such as rising drug abuse rates, overprescription of psychotic medicines, and antipsychotic drug addiction, also contribute to market expansion. According to the National Survey on Substance Use and Health (NSDUH), in 2012, 13.2 percent of the US population (almost 4 million people) used an illegal drug or misused a psychotherapeutic medication. However, the recent patent expiration of key brands has had a detrimental impact on market growth. Furthermore, anti-psychotics' side effects, which include tardive dyskinesia, sleeplessness, and a variety of other problems, are limiting the worldwide anti-psychotic medications market's growth.

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