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...

Antipsychotic Drugs Market Overview, Analysis and Increase in prevalence of mental disorders to fuel the growth of anti-psychotic 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


Increase in prevalence of mental disorders to fuel the growth of anti-psychotic drugs market

Schizophrenia is the leading cause of psychosis worldwide, and patients with the illness are more likely to develop physical and mental illnesses. In 2016, approximately 21 million people worldwide were diagnosed with schizophrenia, according to the World Health Organization (WHO). According to the WHO, one out of every two patients with schizophrenia does not receive adequate treatment. This is an opportunity for industry participants in the worldwide anti-psychotic drugs market to find cost-effective treatments for this disease. Furthermore, according to the National Alliance of Medical Illness, approximately 1.1 percent of adults in the United States suffer from schizophrenia, while 2.6 percent suffer from bipolar disorder. In a given year, one in every five individuals in the United States, or 43.8 million people, or 18.5 percent of the overall population, suffers from some form of mental illness. The market for antipsychotic medications is growing due to the high frequency and increasing incidence of neurological illnesses.

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