In Vitro Diagnostics (IVD) Quality Control Market Is Expected To Reach around USD 71.43 Billion in 2022, Grow at a CAGR Of 6.0% During Forecast Period 2023 To 2030 | Data By Contrive Datum Insights Pvt Ltd.
Farmington, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The Global In Vitro Diagnostics (IVD) Quality Control Market is projected to grow from USD 71.43 Billion in 2022 to USD 107.42 Billion by 2030, exhibiting a CAGR of 6.0% during the forecast. The growing number of infectious diseases, like HIV and cancer, around the world is a big reason why the market is growing. These diseases need new ways to diagnose them and keep an eye on how well they are working. For example, the Joint United Nations Program on HIV and AIDS (UNAIDS) says that in 2019, antiretroviral treatment was given to 24.5 million people with HIV around the world. During the forecast period, the growth of the global market is also likely to be fueled by an increase in government involvement in stopping the spread of infectious diseases and a rise in the demand for quality assessment support and systems that can make a diagnosis right away.
Request Sample Copy of Report “In Vitro Diagnostics (IVD) Quality Control Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.
Recent Developments:
In August 2021, Zeptometrix Corporation (USA) announced the immediate availability of ready-to-use NATSARS (COV2)-ERC for laboratory QC and test validation.
In July 2021, Quidel Corporation (USA) received CE marking for its innovative Savanna multi-molecular analyzer and Savanna RVP4 assay (Respiratory Virus Panel-4).
In June 2021, LGC SeraCare (USA) expanded its SARS-CoV-2 molecular quality solution line to include the AccuPlex SARS-CoV-2 Variant Panel 1.
In June 2021, Abbott Laboratories (USA) received the CE mark for Panbio Rapid Antigen self-test. It has helped the company expand its reach across Europe for fast and reliable COVID-19 testing.
Regional Outlook:
In 2019, North America was the leader in the global in vitro diagnostic quality control market, and it is expected to stay at the top throughout the evaluation period. This is because there is a growing demand for technologically advanced multi-assay controls and strict rules about how to use controls. Based on the assessment timeline, the APAC region is thought to be a fast-growing area with a lot of market potential. This is because the number of companies that make products is growing. The Asia Pacific Federation of Clinical Biochemistry and Laboratory Medicine is also making IVD more useful. Because of this, more people are becoming aware of how important early and accurate diagnosis is. This drives demand for products, which in turn drives the IVD quality control market in the region. The growth of the market will also be helped by the Ministry of Health, Labor, and Welfare (MHLW), the Pharmaceutical and Medical Device Evaluation Agency (PMDA), and the Ministry of Agriculture, Fisheries, and Food.
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Scope of Report:
Report Attributes | Details |
Growth Rate | CAGR of 6.0% from 2023 to 2030. |
Revenue Forecast by 2022 | USD 71.43 Billion |
Revenue Forecast by 2030 | USD 107.42 Billion |
By Type | Quality Controls, Data Management, Quality Assurance Services, Other |
By Applications | Clinical Chemistry, Hematology, Immunoassay, Molecular Diagnostics, Microbiology, Coagulation/Hemostasis, Other |
By End-User | Hospitals, Clinical/ Reference Laboratories, Research and Academic Institutes, Others |
By Companies | Siemens Healthcare GmbH, Roche Diagnostics, Alere Inc., Abbott Laboratories Inc., Bio-Techne, Hologic Inc. |
Regions and Countries Covered |
|
Base Year | 2022 |
Historical Year | 2017 to 2022 |
Forecast Year | 2023 to 2030 |
Market Drivers:
Increase in Accredited Clinical Laboratories
Increased third-party quality control services
A favourable presence of regulatory bodies
Market Restraint:
High-cost IVD quality control services
Adverse reimbursement scenarios in the IVD industry
Key Segments Covered:
Top Market Players:
Siemens Healthcare GmbH, Roche Diagnostics, Alere Inc., Abbott Laboratories Inc., Bio-Techne, Hologic Inc., and others.
By Type
Quality Controls
Data Management
Quality Assurance Services
Other
By End-User
Hospitals
Clinical/ Reference Laboratories
Research and Academic Institutes
Other
By Application
Clinical Chemistry
Hematology
Immunoassay
Molecular Diagnostics
Microbiology
Coagulation/Hemostasis
Other
Regions and Countries Covered
North America: (US, Canada, Mexico, Rest of North America)
Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
Latin America: (Brazil, Argentina, Rest of Latin America)
Rest Of the World
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