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...

Antacid Medications Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

 

Antacid Medications Market
Antacid Medications Market

Antacids are over-the-counter (OTC) drugs that reduce indigestion and heartburn by neutralising stomach acid. They are usually available in chewable pills, powder, and liquid formats and contain components such as sodium bicarbonate, aluminium, magnesium hydroxide, and calcium. Antacids are commonly used to treat heartburn, dyspepsia, stomach ulcers, inflammation, acid reflux, and stomach distress. Acid neutralizers, promoters, and proton pump inhibitors are all common medications that reduce stomach acid production. They help to protect the stomach lining from strong acids secreted by the duodenum, oesophagus, and the duodenum. They are self-administered drugs that work by neutralising stomach acid and blocking pepsin.

 

Antacids Market Trends:

One of the primary factors driving the market's growth is the rising prevalence of gastroesophageal reflux disease (GERD). Antacids are frequently used since they are inexpensive and help to relieve the inflammation, swelling, pain, and irritation caused by heartburn. Changing lifestyles, such as irregular dietary habits, sleep patterns, and sedentary lives, are positively impacting market growth in line with this. Furthermore, significant product advancements, including as the introduction of safe raft-forming antacids and strong drugs with greater potency and duration of action, are propelling the industry forward. Furthermore, the market is benefiting from the widespread usage of chewable tables in various flavours that are easy to store, deliver the precise amount of dosage, and enhance patient adherence. Other reasons, like as the growing senior population, which is prone to acidic issues, the simple availability of products through e-commerce platforms, and the increased prevalence of heartburn among the general public, are all contributing to the market's optimistic outlook.

 

Key Market Segmentation:

IMARC Group provides a study of the important trends in each sub-segment of the global antacids market, as well as estimates for 2022-2027 at the global, regional, and national level. The market has been segmented by drug class, formulation type, and distribution channel in our report.

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