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...
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Narcotics Analgesics Market Analysis, Drivers and market Restraints

Narcotics analgesics, also known as opioids, are painkillers that mimic the activity of endorphins, which are chemicals produced by the body to control pain. Opioids are used to treat acute pain from surgeries and other medical procedures, as well as chronic (long-term) and advanced pain. They're also used to make anaesthetics, cough syrups, and diarrhoea suppressants. These medications are only available with a prescription. The use of narcotic analgesics is strictly regulated by governments since opioids are addictive and can result in lethal overdose.

Narcotics Analgesics Market – Drivers

During the foreseeable period, an increase in research for narcotic analgesics market is expected to boost the global market's growth. For example, Loma Linda University is conducting a phase III clinical trial for the medication Narco. The study's goal is to assess patient pain levels in the immediate post-operative period and quantify pain medication use in patients who have outpatient ENT surgery. The research began in February 2018 and is expected to be completed in January 2019.

Furthermore, Temple University is conducting a clinical phase II trial with AstraZeneca to determine the impact of opioids on esophageal motility. Chronic opioid users have esophageal motor impairment, according to the research. The safety and tolerability of MOVANTIK (Naloxegol) will be investigated in this trial, which is expected to alleviate opioid-induced esophageal motility problems. The research began in January 2017 and will be completed in January 2020.

 

Narcotics Analgesics Market
Narcotics Analgesics Market

Narcotics Analgesics Market – Restraint

Shortages of narcotic analgesics drugs are anticipated to have an impact on the market's growth. According to the Drug Enforcement Administration (DEA) of the United States, a number of injectable opioid drugs, such as morphine, hydromorphone, and fentanyl, are currently experiencing serious shortages in the United States. Patients undergoing interventional procedures such as heart catheterization and surgery require injectable opioids to manage their pain. Because opioid analgesics are particularly potent in pain control, a decrease in supply of these vital medications can result in less effective pain control for patients.

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