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...
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U.S. Sucralfate Market Size, Share, Outlook, and Opportunity Analysis, 2018-2026

 

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

The sudden emergence of the COVID-19 pandemic prompted the introduction of strict lockdown measures in some countries, causing Sucralfate import and export to be disrupted.

COVID-19 has three primary effects on the global economy: it directly affects production and demand, disrupts supply chains and markets, and has a financial impact on enterprises and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma. The purpose of the report is to provide a more detailed representation of the current circumstances, the economic slowdown, and the influence of COVID-19 on the total industry.

Increased research and development activity by market players, as well as the incidence of gastrointestinal illnesses and H. pylori-associated infections. According to a paper published in April 2018 by the American Broncho Esophagological Association, sucralfate combined with honey can help cure 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. Sucralfate combined with honey can help reduce button batteries and provide symptomatic relief from esophageal damage.

Key market players are focusing on acquisition and partnership strategies to improve their research and development operations, which will drive market growth over the forecast period. 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.

Teva Pharmaceutical Industries Ltd., Allergan plc, Vertice Pharma LLC, and Pharmaceutical Associates Inc. are among the key competitors in the US sucralfate market.

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