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

Primary Biliary Cholangitis Treatment Market Size, Share, Outlook, and Opportunity Analysis, 2018-2026

 

Primary Biliary Cholangitis Treatment Market
Primary Biliary Cholangitis Treatment Market

Primary biliary cirrhosis, sometimes called primary biliary cholangitis, is a chronic liver disease that damages tiny bile ducts in the liver by causing inflammation, fibrosis, and bile duct blockage. Autoimmunity, infection, and/or genetic predisposition are possible causes of primary biliary cirrhosis. Itching, osteoporosis, high blood cholesterol, and malabsorption of fat and fat-soluble vitamins are all signs of primary biliary cirrhosis. These symptoms can progress to hepatomegaly, hyperpigmentation, splenomegaly, jaundice, sicca syndrome, or Kayser-Fleischer rings. In its latter stages, primary biliary cirrhosis can lead the liver to shut down altogether.

The Primary Biliary Cholangitis Treatment Market is anticipated to grow as a result of more pipeline research being conducted to create effective treatments for uncommon illnesses like the condition. For instance, CymaBay Therapeutics, Inc. began a phase 3 clinical study for seladelpar 5-10mg in October 2018 under a placebo-controlled and randomised design. Seladelpar's safety and effectiveness in treating patients with primary biliary cholangitis (PBC) was evaluated in this trial, along with the patients' receptivity to or intolerance to ursodeoxycholic acid (UDCA). December 2021 is the projected completion date for the research. The global primary biliary cholangitis treatment market size was valued at US$ 526.4 million in 2017, and is expected to witness a CAGR of 36.3% during the forecast period (2018 – 2026).

Moreover, GlaxoSmithKline (GSK) began a phase 2 clinical research in January 2017 to investigate the effectiveness, safety, and tolerability of administering GSK2330672 for the treatment of pruritus (itch) in individuals with primary biliary cholangitis (PBC). Due to increasing efforts by industry participants to provide cutting-edge treatment options for PBC, North America is predicted to see profitable primary biliary cholangitis treatment market expansion. For instance, the TARGET-PBC (Primary Biliary Cholangitis) platform was introduced in October 2016 by the US company TARGET PharmaSolutions, Inc. in partnership with Intercept Pharmaceuticals, Inc. The TARGET-PBC platform was developed to enhance our comprehension of actual therapy patterns for PBC.

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