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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...

Narcotics Analgesics Market Size, Share, Outlook, and Opportunity Analysis, 2022-2028

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  Narcotics Analgesics Market The steady rise in narcotic analgesic sales is mostly due to the development of tolerance for non-narcotic analgesics. Narcotic analgesics are commonly utilised in palliative care services to treat patients suffering from neuropathic pain due to their better efficacy in pain control and early beginning of action. Increased attention on palliative care services in third-world nations, as well as readily available reimbursements, are predicted to raise global narcotic analgesic market consumption. Furthermore, several government initiatives in low- and middle-income nations to provide palliative care for the effective treatment of patients suffering from excruciating cancer pain are driving up demand for narcotic analgesics as pain medication in these countries. The demand for narcotic analgesics in the United States is being driven by reimbursements for post-operative care and palliative care. The reimbursement structure for wound care and wound ma...

Narcotics Analgesics Market Analysis, Drivers and market Restraints

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Narcotics analgesics, also known as opioids, are painkillers that mimic the activity of endorphins, which are chemicals produced by the body to control pain. Opioids are used to treat acute pain from surgeries and other medical procedures, as well as chronic (long-term) and advanced pain. They're also used to make anaesthetics, cough syrups, and diarrhoea suppressants. These medications are only available with a prescription. The use of narcotic analgesics is strictly regulated by governments since opioids are addictive and can result in lethal overdose. Narcotics Analgesics Market – Drivers During the foreseeable period, an increase in research for narcotic analgesics market is expected to boost the global market's growth. For example, Loma Linda University is conducting a phase III clinical trial for the medication Narco. The study's goal is to assess patient pain levels in the immediate post-operative period and quantify pain medication use in patients who have outp...

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