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...

Tuberculosis Drugs Market Overview, Restraints and Regional Insights

Tuberculosis is a chronic disease that has spread over the world. Drug companies are concentrating their efforts on creating medications that can reduce the length of treatment and help overcome the hurdles of drug-susceptible and drug-resistant TB. There are two forms of TB treatment: first-line treatment, second-line treatment, and drug-resistant treatment.

Although advanced technologies and the development of novel therapies are expected to reduce the time it takes to treat tuberculosis, most cases can take up to 6 months to treat with currently available drugs. Despite existing medicines and ongoing TB treatment drug advances, patients' access to suitable TB medicines continues to be a challenge, particularly in the areas of multidrug-resistant TB and paediatric TB.

Tuberculosis Drugs Market – Restraints

The rising number of medicine recalls is a key stumbling block to the market's expansion. Manufacturers of tuberculosis drugs market face obstacles such as an increase in product recalls due to packaging or manufacturing defects. In India, for example, Sandoz recalled a batch of tuberculosis (TB) medications due to improper packaging. Furthermore, the Philippines Food and Medicine Administration recalled Novartis' drug Onecure in 2016 due to an insufficient amount of rifampicin in the drug.

Another element limiting the market's growth is the high cost of medications. Second-line therapy medications are more expensive than first-line treatment drugs, and they have more side effects and high levels of toxicity.

 

Tuberculosis Drugs Market
Tuberculosis Drugs Market

Tuberculosis Drugs Market - Regional Insights

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

Because of the higher cost of TB drugs in the region, North America is likely to have a dominating position in the global tuberculosis pharmaceuticals market over the forecast period. For example, due to a transfer of rights to Rodelis Therapeutics, the price of the Cycloserine medication for treating multidrug-resistant tuberculosis soared from US$15 per tablet to US$360 per tablet in 2015.

 

Because of the high prevalence of tuberculosis in Europe, the market is likely to rise over the forecast period. According to the TB Europe Coalition, over 323,000 new tuberculosis infections and 32,000 deaths were reported in Europe in 2015.

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