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...

U.S. Sucralfate Market is expected to rise significantly during the forecast period (2018-2026)

Increasing prevalence of gastrointestinal disorders and H. pylori-associated infections is expected to propel the market growth

The market for sucralfate in the United States is likely to be driven by the rising incidence of stomach ulcers caused by the use of nonsteroidal anti-inflammatory medications (NSAIDs) and H. pylori infection. According to a study published in 2016 by the Deccan College of Medical Sciences, Helicobacter pylori is responsible for 95 percent of duodenal ulcers and 70% of stomach ulcers. NSAID use is also linked to roughly 14-25 percent of stomach and duodenal ulcers, according to the same study.

The rising prevalence of peptic ulcers is likely to fuel market expansion. According to research published in the ScienceDirect Journal in 2016, duodenal ulcers are the most frequent type of peptic ulcer, with a prevalence of roughly 6% to 12% in the United States.

 

Increasing collaboration and acquisition strategies adopted by market players is expected to bolster the market growth

Due to increased inorganic expansion tactics such as collaboration and acquisitions by market competitors, the U.S. sucralfate market is predicted to rise significantly. For example, Forest Laboratories, Inc., a fully integrated specialty pharmaceutical firm, purchased Aptalis Pharma Inc., a specialty pharmaceutical company and maker of Carafate, in 2014. TPG, a worldwide private investment group, agreed to sell Aptalis to Forest for US$ 2.9 billion in cash.

U.S. Sucralfate Market
U.S. Sucralfate Market


The market is predicted to develop due to an increase in the number of applications and uses of sucralfate in the United States. According to a paper published in April 2018 by the American Broncho Esophagological Association, sucralfate combined with honey aids in the treatment of 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.

Furthermore, the rising frequency of GERD and Helicobacter pylori infection is likely to boost the sucralfate market in the United States throughout the forecast period. According to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), the prevalence of GERD in the United States in 2014 was found to be between 15% and 30%. In the United States, the frequency of Helicobacter pylori positive infection is 35.6 percent, according to statistics published in the American Gastroenterological Association (AGA) Journal in 2017.

Key Players

Teva Pharmaceutical Industries Ltd., Allergan plc, Vertice Pharma LLC, and Pharmaceutical Associates Inc. are among the major sucralfate market players in the United States.

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