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2027 Vision: IVD Quality Control Market Valued at $1.6 Billion

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2027 Vision: IVD Quality Control Market Valued at $1.6 Billion

September 21
14:55 2023
2027 Vision: IVD Quality Control Market Valued at $1.6 Billion
Some of the key players in the market include Bio-Rad Laboratories, Inc. (US), Randox Laboratories Ltd. (UK), Thermo Fisher Scientific, Inc. (US), LGC Limited (UK), and Abbott Laboratories (US)
Browse 254 market data Tables and 54 Figures spread through 331 Pages and in-depth TOC on “IVD Quality Control Market by Source (Plasma, Whole Blood, Urine), Technology (Immunoassay, Hematology, Microbiology, Coagulation), Manufacturer (Third party, OEM), End Users (Hospitals, Lab, Research) – Global Forecast to 2027

The global In Vitro Diagnostic (IVD) Quality Control Market is poised for significant growth, fueled by advancements in diagnostic technology, increasing demand for accurate testing, and a growing emphasis on healthcare quality and patient safety. This market segment plays a pivotal role in ensuring the reliability and precision of diagnostic tests, making it an indispensable component of the healthcare industry.

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global IVD quality control market is projected to reach USD 1.6 billion by 2027 from USD 1.3 billion in 2022, at a CAGR of 5.4% during the forecast period. The IVD quality control market is mainly driven by the increasing demand for laboratory accreditations and accredited laboratories.

Several factors are contributing to this upward trajectory, including:

Advancements in Diagnostic Technologies: The constant evolution of diagnostic technologies, such as PCR, immunoassays, and next-generation sequencing, is driving the demand for high-quality control materials to ensure the accuracy and reliability of test results.

Rising Chronic Disease Prevalence: The increasing prevalence of chronic diseases, infectious diseases, and cancer is boosting the demand for diagnostic tests. Accurate and consistent test results are crucial for early detection and disease management.

Stringent Regulatory Guidelines: Regulatory bodies around the world are placing greater emphasis on the quality and accuracy of diagnostic tests. This has led to increased adoption of quality control materials and processes by laboratories and diagnostic manufacturers.

Focus on Patient Safety: Healthcare providers are prioritizing patient safety and outcomes. IVD quality control plays a vital role in minimizing errors, reducing misdiagnoses, and enhancing overall patient care.

In response to these trends, market leaders and innovative startups are continually developing and launching new quality control solutions. These include ready-to-use quality control materials, software solutions for data analysis, and customized quality assurance programs tailored to specific diagnostic tests and instruments.

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Key Market Players

Some of the key players in the market include Bio-Rad Laboratories, Inc. (US), Randox Laboratories Ltd. (UK), Thermo Fisher Scientific, Inc. (US), LGC Limited (UK), and Abbott Laboratories (US). Other prominent payers in the market include Roche Diagnostics (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), Fortress Diagnostics (UK), SERO AS (US), Sysmex Corporation (Japan), Ortho-Clinical Diagnostics (US), Helena Laboratories Corporation (US), Quidel Corporation (US), Sun Diagnostics, LLC (US), Seegene Inc. (South Korea), ZeptoMetrix Corporation (US), Qnostics (UK), Bio-Techne Corporation (US), Microbiologics (US), Microbix Biosystems (Canada), Streck, Inc. (US), Alpha-Tec Systems (US), Maine Molecular Quality Controls, Inc. (US), and Grifols, S.A. (Spain).

Bio-Rad Laboratories, Inc. holds the leading position in the IVD quality control market. The company provides innovative quality control products and services. It also offers a range of third-party quality controls, data management solutions, and external quality assurance services for hospital laboratories, reference laboratories, transfusion laboratories, and physician office laboratories.

Thermo Fisher Scientific Inc. is ranked second in the world for IVD quality control. The company is a top supplier of IVD quality control goods and services. Clinical chemistry, molecular control, microbiology, serology, serum toxicity testing, specimen validity testing, and therapeutic medication monitoring are among the wide range of quality controls that the company offers.

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