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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Sucralfate Market Analysis, Market Drivers, Restraints and Regional Analysis

Sucralfate is the generic version of Carafate, a brand-name medicine. It's a prescription medication that's used to treat upper gastrointestinal ulcers, peptic ulcer disease, and ulcer recurrence. Sucralfate is a local mucosal adherent that is made up of the hydroxy aluminium salt of sucrose octasulfate. It develops a covering over ulcers by adhering to the damaged area, protecting it from acid and enzymes and speeding up the healing process.

Sucralfate is also used to treat ulcers and upper gastrointestinal disorders in dogs, horses, and cats that are caused by drugs (especially nonsteroidal anti-inflammatory drugs (NSAIDs) and corticosteroids), toxic chemical ingestion, liver disease, renal failure, carcinoma, stress (trauma, shock, sepsis, and burns), and inflammatory bowel disease.

Sucralfate Market Drivers

The sucralfate market is predicted to rise due to increased research and development initiatives aimed at identifying novel medicines employing sucralfate. According to a paper published in April 2018 by the American Broncho Esophagological Association, sucralfate combined with honey can help cure esophageal damage in infants and children. Button Batteries (BB), little disc-shaped batteries typically seen in toys, have been linked to esophageal harm in newborns and toddlers. Sucralfate combined with honey can assist to reduce button batteries and provide symptomatic relief from esophageal damage.

 

Sucralfate Market
Sucralfate Market

Sucralfate Market Restraint

Sucralfate market expansion is expected to be hampered by drug shortages. For example, according to a September 2018 Drug Shortages Canada report, APO-SUCRALFATE - TAB 1G (APOTEX INC) containing sucralfate was unavailable owing to a manufacturing disruption. The medication is prescribed for the treatment of peptic ulcers and gastroesophageal reflux disease (GERD).

 

Sucralfate Market – Regional Analysis

The global sucralfate market is divided into five regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

Because of the growing number of clinical trials, North America is likely to dominate the sucralfate market. Sucralfate is being studied in a clinical phase II research at the University of Texas to improve oral intake in children with infected oral ulcers. The research should be finished by June 2019.

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