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...

Immunosuppressant Drugs Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Immunosuppressive medicines are used to weaken or suppress the immune system of the body. Immunosuppressive medications are used to treat autoimmune illnesses such as rheumatoid arthritis, psoriasis, multiple sclerosis, and others. Anti-rejection medicines are immunosuppressive drugs used in organ transplantation procedures. When a person has an organ transplant, the body recognises the donated organ as a foreign mass, prompting the immune system to attack it, resulting in organ rejection. Immunosuppressive medicines are used to reduce the immune response to foreign organs in order to avert such occurrences. Blood tests are required on a regular basis to check the drug's effects on the body. Immunosuppressive medications are extremely potent and can result in side effects such as kidney disease, high blood pressure, and liver disease. Effectiveness of immunosuppressant drugs as an anti-rejection compound in organ transplantation procedure to propel the market growth

The immunosuppressant medications market is growing due to an increase in the number of cases of organ failure and the need for organ transplantation. According to the ONT-WHO Global Observatory on Donation and Transplantation, about 119,873 organs were transplanted globally in 2014, an increase of 1.8 percent from 2013. The market for immunosuppressant medications is growing due to advancements in tissue engineering and transplantation methods. One of the major factors driving the growth of the immunosuppressant medicines market is the rise in the number of autoimmune illnesses. According to the American Autoimmune Related Disease Association (AARDA), 50 million persons in the United States suffered from autoimmune illnesses in 2016. Anti-inflammatories medicines have been shown to be beneficial in the treatment of autoimmune illnesses.

However, the ambiguity of immunosuppressant medications' action on complex organ transplantations and a lack of understanding about these drugs among patients are two main limitations that are projected to stifle the market's expansion. Over the forecast period, advanced therapies such as stem cell therapy, which is utilised as a substitute for organ transplantation, are expected to restrain the growth of the immunosuppressant medicines market.

 

Immunosuppressant Drugs Market
Immunosuppressant Drugs Market

Key players focus on the approval and commercialization of their drugs

Novartis AG, Accord Healthcare, AstellaPharma, Watson Pharmaceuticals, Genzyme Co., Bristol-Myers Squibb, Mylan Laboratories Inc., GlaxoSmithKline Plc, and Roche are among the major competitors in the immunosuppressant pharmaceuticals market. The market players have recognised commercialization of their products as a major strategy. They are involved in the approval and clearance of new medications. Nulojix (belatacept), for example, was approved by the Food and Drug Administration (FDA) in 2011. Belatacept would be superior than other immunosuppressant medications in organ transplant, according to a study completed in 2015. Bristol-Myers Squibb is involved in the commercialization of this drug.

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