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. Accordi

Tuberculosis Drugs Market: Analysis, Key Trends and Restraints

Tuberculosis (TB) could be a chronic condition, and has become a worldwide disease burden. Manufacturers of TB drugs are focused on developing drugs that may shorten the duration of treatment, and help to beat challenges of drug-susceptible TB and drug-resistant TB. The treatment of TB is split into two types, like first line treatment, second line treatment, and drug resistant treatment.

Advanced technologies and introduction of novel therapies are expected to enhance the duration of treating TB, however, most TB cases with currently available medicines can require up to six months of treatment. However, despite of existing medicines and ongoing TB treatment drugs innovations, there's continuous have to improve patients’ access to appropriate TB medicines particularly within the areas of multidrug-resistant TB (MDR TB) and pediatric TB.

 

Key Market Trends

Hospitals/Clinics are Expected to Witness the Fastest Growth within the Coming Future

The WHO’s strategy to stop TB includes engaging all relevant healthcare providers in Tuberculosis Drugs Market, while control through public-private mix approach remains an important component of the strategy. The TB prevalence rate is more in countries, like China, India, and Africa, hence, the governments of those respective countries try to decrease the speed by increasing government initiatives and therefore the number of hospitals.

As per 2019 Global Tuberculosis Report by the WHO, developing countries accounted for many of the worldwide total TB cases, including India (27%), China (9%), Indonesia (8%), and therefore the Philippines (6%). The developing countries mostly depend upon the hospitals for healthcare access. Hence high incidence within the regions will boost the market in hospitals and clinics.


Tuberculosis Drugs Market
Tuberculosis Drugs Market

 

Tuberculosis Drugs Market – Restraints

The increasing incidence of drug recall may be a major factor restraining the Tuberculosis Drugs market growth. Manufacturers of TB drug face challenges like increasing product recalls because of factors like packaging or manufacturing flaws. for example, in 2018, Sandoz recalled its batch of wrongly-packed tuberculosis (TB) drugs in India. Furthermore, in 2016, Novartis manufactured a drug Onecure which was recalled by the Philippines Food and Drug Administration for insufficient amount of rifampicin within the drug.

 

The high pricing of medicine is another factor restraining the expansion of the market. Second line treatment drugs are highly priced compared to first line treatment with more side effects and high level toxicity.

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