What is the global market size of IVD Quality Control Market?

The IVD Quality Control Market size was valued at USD 1020.94 million in 2021 and is poised to grow from USD 1062.8 million in 2022 to USD 1465.74 million by 2030, growing at a CAGR of 4.1% during the forecast period (2023-2030).

Who are the key vendors in the Global IVD Quality Control Market?

The Global In Vitro Diagnostics Quality Control market is moderately competitive. Key players adopted various strategies such as mergers & acquisitions, collaboration, and others to strengthen their position in the global market. Companies focusing on new treatments to produce innovative products include 'Bio-Rad Laboratories', 'Abbott Laboratories', 'Siemens Healthineers', 'Thermo Fisher Scientific', 'Roche Diagnostics', and others.

What is the key driver of Global IVD Quality Control Market?

The burden of various diseases has increased, resulting in an increase in laboratory tests. The COVID-19 pandemic in December 2019 led to a rapid increase in demand for diagnostic testing, prompting many government authorities to establish additional laboratories to increase testing capacity, thereby driving market growth.

IVD Quality Control Market Size, Share, Growth Analysis, By Product and Service(Quality control products, data management solutions, and quality assurance services.), By Application(Clinical Chemistry, immunochemistry/immunoassay, hematology, molecular diagnostics), By Manufacturer type(Third-party control manufacturers, and original equipment manufacturers), By Region - Industry Forecast 2024-2031

Q: What is the key market trend for Global IVD Quality Control Market?

Due to the increasing prevalence of diseases, medical device companies are continuously focusing on the development of technologically advanced diagnostic devices. Hospitals and laboratories show a rising preference towards point-of-care testing devices to obtain accurate real-time data, thereby increasing the demand for such devices and propelling market growth.

Report ID: SQMIG35H2068 | Region: Global | Published Date: July, 2024
Pages: 219 | Tables: 93 | Figures: 76

IVD Quality Control Market Regional Insights

North America is expected to hold a large revenue share of the global IVD quality control market due to the presence of the U.S. FDA and many accredited diagnostic laboratories coupled with a strong QC regulation system. The U.S. FDA along with GHTF regulates the North America region for the IVD QC market, from the production to pre-and post-marketing surveillance.

The Asia Pacific region is projected to grow at the fastest rate during the forecast period due to the increasing number of product manufacturing companies. In addition, presence of regulatory authorities in the regions such as Ministry of Health, Labor and Welfare, Pharmaceuticals and Medical Devices Evaluation Agency, and Ministry of Agriculture and Fisheries and food, helps to drive the market

IVD Quality Control Market Report Snapshots

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IVD Quality Control Market size was valued at USD 1.10 billion in 2022 and is poised to grow from USD 1.11 billion in 2023 to USD 1.5 billion by 2031, growing at a CAGR of 4.10% during the forecast period (2024-2031).

The In Vitro Diagnostics Quality Control market is moderately competitive. Key players adopted various strategies such as merger & acquisitions, collaboration and others to strengthen their position in the market. Companies focusing on new treatments to produce innovative products. 'Bio-Rad Laboratories', 'Abbott Laboratories', 'Siemens Healthineers', 'Thermo Fisher Scientific', 'Roche Diagnostics', 'Randox Laboratories', 'Bio-Techne Corporation', 'Ortho Clinical Diagnostics', 'Streck', 'Sysmex Corporation', 'Technopath Clinical Diagnostics', 'Helena Biosciences', 'SeraCare Life Sciences', 'Quidel Corporation', 'ZeptoMetrix Corporation', 'Merck KGaA', 'Seracare Life Sciences', 'Fortress Diagnostics', 'Maine Molecular Quality Controls', 'LGC Group'

Burden of various diseases are increased which result in increasing laboratory tests. So that there is an increase in the laboratories in the public and commercial sectors. In Dec2019, COVID-19 increased rapidly which led to high demand for diagnostic testing. Many government authorities have established additional laboratories in order to increase the capacity of laboratory testing. Hence drive the market growth.

Due to increasing prevalence of diseases, medical device companies are continuously focusing on the development of technologically advanced diagnostic devices. Hospitals and laboratories show a rising preference towards point-of-care testing devices to get accurate real time data. Hence the demand for point-of-care testing devices is increased that help to propel the market growth.

North America is expected to hold a large revenue share of the IVD quality control market due to the presence of the U.S. FDA and many accredited diagnostic laboratories coupled with a strong QC regulation system. The U.S. FDA along with GHTF regulates the North America region for the IVD QC market, from the production to pre-and post-marketing surveillance.

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IVD Quality Control Market Regional Insights

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What is the market size of IVD Quality Control Market?

Who are the key vendors in the IVD Quality Control Market?

What is the key driver of IVD Quality Control Market?

What is the key market trend for IVD Quality Control Market?

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