In Vitro Diagnostics (IVD) Quality Control Market is anticipated to reach USD 1.13 billion by 2024

 Industry Insights


The global In Vitro Diagnostics (IVD) Quality Control Market is anticipated to reach USD 1.13 billion by 2024. The rising number of certified clinical laboratories requires quality control (QC) services to maintain their standards, associated with the increasing acceptance of third party providers of quality control services, to ensure the accurate and reproducible test results, and better outcomes which is anticipated to drive the growth. 


For the establishment of definite standards of quality, the internal Quality Control (QC) programs and the external QAS (Quality Assurance Schemes) is very important to ensure validity and reliability of the test results obtained by the IVD devices. These programs are essential in confirming the delivery of patient diagnostic outcomes, which are reliable and without errors, such as misdiagnosis because of device-related errors, which can impact the health of the patient.


The regulation of these In vitro diagnostics devices are controlled by the respective regulatory bodies, which includes the U.S. FDA (Food and Drug Administration), the International Medical Device Regulators Forum (IMDRF), the European Commission, the Australian Therapeutic Goods Administration (TGA), the Eurasian Economic Union (EEU) and the Brazilian National Health Surveillance Agency (ANVISA).


The currently undergoing, extensive R&D related activities beside the introduction of new laws with the aim of improving the efficacy and safety levels of the IVD services are anticipated to drive market growth. For example, in September 2012, a new regulation for IVD devices was published by the European Commission targeted to enhance the transparency, safety and the traceability without constraining innovation. These new regulatory inclusions are anticipated to drive the market growth.


Download Free sample Report 

https://www.millioninsights.com/industry-reports/in-vitro-diagnostics-ivd-quality-control-market/request-sample


Type Insights


On the type basis, the IVD quality control market is categorized into quality assurance services quality control (QC), and data management. The QC schemes are appropriate to plasma-based, whole blood-based and serum-based products. In 2016, QC market was one of the largest segments because of the rapidly developing IVD technologies and the existence of numerous internal QC programs for the different features of the IVD device-based procedures of testing


Application Insights


There are numerous applications of the IVDs, which includes haematology, immunology, coagulation, clinical chemistry, molecular diagnostics and microbiology. Amongst these all, molecular diagnostics is anticipated to be the fastest growing market segment with 4.88% CAGR. The frequent usage of the technologies in the molecular diagnostics, such as gene expression and PCR, high accuracy and specificity are some of the responsible factors associated with its high growth.


End-use Insights


The hospitals market segment was valued the largest market segment of over 46.0% in 2016 owing to the high application of IVD tests in hospitals and the necessity of obedience with the IVD directives for the product traceability. The home care market segment is anticipated to observe a lucrative progression owing to the persistent increase in the usage devices for point-of-care testing. The rise in adoption of microchip technology which is used to handle fluids in IVD equipment, as well as the enhanced production processes and the miniaturization technology are creating efficient point-of-care devices, which are very less susceptible to errors.


Regional Insights


In 2016, largest market share of the IVD quality control market was found to be of North America with revenue of approximately USD over 400.0 million. The existence of a huge number of qualified clinical laboratories, a good distribution network and the rising number of IVD products approvals having assured safety and quality from the regulatory authorities are some of the major driving factors.


The Asia Pacific region had the highest CAGR of over 4.8% owing to the rising government efforts for the standardization of the testing procedures of the clinical laboratory to improve accuracy of results.


Competitive Market Share Insights


Some major key players of the IVD quality control market includes Siemens Healthcare GmbH, Alere, Inc., Roche Diagnostics, Abbott Laboratories, Inc., Qiagen N.V., Hologic, Inc. (Gen-Probe), Bio-Rad Laboratories, Inc., Becton, Dickinson and Company(BD), Quidel Corporation, bioMerieux, Inc., Thermo Fisher Scientific, Inc., Sero AS and Sysmex Corporation.


Market Segments


IVD Quality Control Market Application Outlook, by Revenue (USD Million, 2013 - 2024)

    • Clinical Chemistry

    • Immunochemistry

    • Hematology

    • Molecular Diagnostics

    • Coagulation

    • Microbiology

    • Others


IVD Quality Control Market Type Outlook, by Revenue (USD Million), 2013 - 2024

    • Quality Controls

        • Plasma-based Controls

        • Serum-based Controls

        • Whole Blood-based Controls

        • Other IVD Quality Controls

    • Data Management

    • Quality Assurance Services


IVD Quality Control Market End-use Outlook, by Revenue (USD Million), 2013 - 2024

    • Home-care

    • Laboratory

    • Hospitals

    • Others


IVD Quality Control Market Regional Outlook, by Revenue (USD Million), 2013 - 2024

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • Japan

        • China

    • Latin America

        • Brazil

        • MEA

    • South Africa


Browse Full Research Report with TOC:  https://www.millioninsights.com/industry-reports/in-vitro-diagnostics-ivd-quality-control-market


continue........


Get In Touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.


Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com


Global Headquarters

Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Phone: 1-408-610-2300

Email: sales@millioninsights.com


Asia Pacific

Million Insights

Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 91-20-65300184

 

 


Comments

Post a Comment

Popular posts from this blog

Car Rental Services Industry Procurement Intelligence, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027

  Procurement Outlook The car rental industry has witnessed significant growth in the last ten years due to the increasing penetration of online rental car booking applications. The market is emerging as one of the key segments in the global transportation industry, as  car rental services   not only benefit customers and rental companies but also car manufacturers. Automotive manufacturers have started leasing cars to small rental companies who increase their fleet size without making large investments. There has been a significant increase in global travel in the last few years. Global commuters are increasingly demanding familiar, reliable, and high-quality travel services during their travel. Some regional car rental operators are attempting to leverage this trend by expanding their brand and distribution platforms on a global level. The implementation of an integrated global car rental system is expected to enable these operators to manage their widespread business operations. Dem
Read more

Activated Carbon Industry Procurement Intelligence Low & Best Cost Country, Day One Analysis Report, 2020 – 2025

  Procurement Outlook Activated carbon is a form of carbon that is processed to contain small, low-volume pores. These pores increase the surface area available for adsorption or chemical reactions. Activated carbon is used in various applications like gas purification, analytical chemistry, industrial use, medical purposes, fuel storage, chemical purification, mercury scrubbing, etc. The two most commonly used types of activated carbon are powdered activated carbon and granular activated carbon. Activated carbon is sold in wholesale quantity at a flat fee transactional model. The prices are regulated. The price of  activated carbon  has demonstrated fluctuations over the last year. For example, the domestic price trend in China for activated carbon in August 2020 averaged at USD 1,550.57 per metric tonne. In the last year, it rose to an all-time high of USD 1,642.19 in November 2020. Post then, the prices have dipped. Currently, the price stands at USD 1381.58 per metric tonne. Demand
Read more

Recycled Glass Industry Procurement Intelligence, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027

  Procurement Outlook Growing awareness about the environment and the need of reducing glass waste in driven the need for glass recycling. Glass is 100% recyclable and can be recycled endlessly without loss in quality or purity.  Recycled glass  can be substituted for up to 95% of raw materials. Recycled glass reduces carbon emissions, reduces the consumption of raw materials of glass manufacturing, extends the life of plant equipment, such as furnaces, and saves energy.  Following is the process of industrial glass recycling: Collection of recyclable glass Transportation of recyclable to a material recovery facility (MRF) Collected glass waste is separated by material type Glass from the MRF and drop-off locations is sent to a glass processing company Glass is separated from other waste and contaminants Sorting of glass based on color Glass cullet is sold to glass container manufacturers Glass container manufacturers then use that glass cullet to make new glass containers Demand Outlo
Read more