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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Mitochondrial Disorders Treatment Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Mitochondrial Disorders Treatment Market
Mitochondrial Disorders Treatment Market

Mitochondrial disorders are a group of genetic diseases that are caused by mutations in the mitochondrial DNA (mtDNA) or nuclear DNA (nDNA) that affect the functioning of the mitochondria. Mitochondria are organelles found in every cell in the body that are responsible for producing energy in the form of ATP (adenosine triphosphate). When mitochondria do not function properly, they can cause a variety of symptoms such as muscle weakness, neurological problems, developmental delays, and organ failure. There are currently no cures for mitochondrial disorders, but there are treatments available that can help manage symptoms and improve quality of life.

The Mitochondrial Disorders Treatment Market is expected to grow significantly over the next few years, driven by increasing awareness of these disorders, advancements in diagnostic techniques, and the development of novel therapeutics. The market was valued at approximately $497.4 million in 2016 and is projected to reach $773.7 million by 2025, with a compound annual growth rate (CAGR) of 5.1%.

One of the main treatments for mitochondrial disorders is supportive care, which includes measures such as physical therapy, occupational therapy, and nutritional support. These treatments aim to manage symptoms and improve quality of life for patients. In addition to supportive care, there are also several drugs that have been approved by regulatory agencies for the treatment of mitochondrial disorders.

One such drug is EPI-743, which was approved by the US Food and Drug Administration (FDA) in 2019 for the treatment of Leigh syndrome, a severe form of mitochondrial disease that affects the central nervous system. EPI-743 is a synthetic form of a naturally occurring compound called coenzyme Q10 (CoQ10), which plays a key role in the mitochondrial respiratory chain. EPI-743 has been shown to improve the functioning of the respiratory chain and reduce oxidative stress in cells, leading to improvements in neurological symptoms in patients with Leigh syndrome.

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