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...

CAR T Cell Therapy Market Overview, Analysis, Impact of Coronavirus (COVID-19) Pandemic

 

CAR T Cell Therapy Market
CAR T Cell Therapy Market

CAR T-cell treatment with chimeric antigen receptors (CAR) is a method of obtaining immune cells known as T cells. CAR T-cell therapy is used to treat lymphomas, leukemias, and multiple myeloma, among other diseases. Many clinical trials for CAR T-cell treatments have been done around the world in order to expand the therapy options for cancer. In 2010, the National Cancer Institute's research team published the first study on CAR T-cell therapy, a new type of cancer treatment.

Increasing approvals for Car T cell therapy products is estimated to drive the global Car T cell therapy market growth during the forecast period. As people become more aware of this novel way of treating cancer, demand for auto T cell therapy products rises. As a result, the industry's major players are working on new items, which is propelling the market forward. For example, the US Food and Drug Administration authorised Yescarta, a cell-based gene therapy, in October 2017 for the treatment of adult patients with certain kinds of large B-cell lymphoma. Yescarta's approval represents a breakthrough in the field of CAR-T cell treatments for cancer patients.

CAR-T (chimeric antigen receptor T) cell treatment is a viable option. CAR-T cell structure and manufacturing innovations have resulted in a significant increase in efficacy, especially with the development of fourth-generation CAR-T cells. As a result, product efficacy improves, driving market expansion.

 

Global Car T Cell Therapy Market – Impact of Coronavirus (COVID-19) Pandemic

As a result of the COVID–19 outbreak and a reduction of global research effort, many firms around the world have seen their operations and financial performance deteriorate. The closing of academic and scientific institutes, as well as testing facilities, has had a significant detrimental impact. As a result, the vehicle T cell therapy clinical trials have been pushed back. COVID-19 is a serious hazard to the health of susceptible patients, such as those who are immunocompromised. Due to their severely immunocompromised state, induced by past lymphodepleting immunochemotherapy and CAR-T-cell therapy-related side effects such as B-cell depletion, hypogammaglobulinemia, and cytopenias, CAR-T-cell therapy recipients are at a significant risk of poor COVID-19.

 

 

Global Car T Cell Therapy Market: Restraint

CAR T treatments are notorious for posing special drug development problems. The market's growth is likely to be hampered by some possible problems linked with CAR T development. Limited USFDA guidance, production and distribution logistics, product safety, and so on are all potential problems.

 


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