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. Accordi
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Malaria Vaccines Market Insights, Opportunity Analysis, and Industry Forecast 2024 - 2027

 

Malaria Vaccines Market
Malaria Vaccines Market

According to World Health Organization statistics, about half of the world's population is at risk of malaria (WHO). As a result, numerous healthcare organisations have been more interested in solving this serious problem. The Melinda Gates Foundation and PATH, two global non-profit organisations, are trying to develop malaria prevention techniques and save the lives of many people in malaria-affected areas. Because Africa accounts for 90% of malaria occurrences, the launch of GlaxoSmithKline plc's first malaria vaccine is aimed primarily at this continent. Mosquirix was approved by the European Union in 2015 and is currently being tested in Africa as part of a pilot project.

Insecticide-treated mosquito nets and indoor insecticide spraying are used in Africa to combat malarial vectors. Between 2010 and 2015, the use of insecticide-treated mosquito nets in Africa climbed by 80%. (WHO). Furthermore, a variety of mosquito repellent items (patches, lotions, coils, mats, liquids, and so on) are sold all over the world. Furthermore, non-profit organisations give low-cost or even free treatment to Africa's malaria-affected people. GSK has also committed to selling the vaccinations at a substantially cheaper price, foregoing its large profit margins in order to help worldwide malaria eradication efforts. Furthermore, the malaria vaccines market is primed for significant growth in the near future, with new malaria vaccines in the pipeline.

 

Increasing accessibility and government support to contribute towards the malaria vaccines market growth

In 2015, the WHO published a Global Technical Strategy for Malaria 2016-2030 (GTS) with specific objectives, one of which is to eradicate malaria in at least ten countries. In India, Drug Distribution Centers (DDCs) and Fever Treatment Depots (FTDs) have been developed in rural regions to provide convenient access to anti-malarial medications. Malaria cases in India have decreased from 2.03 million in 2010 to 1.1 million in 2015. This is thanks to regular monitoring and surveillance by various government programmes. Malaria vaccines market expansion would be fueled by support from national and global initiatives throughout the projected period.

 


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