08 January 2020
Visiongain’s new report the In Vitro Diagnostics Quality Control Market Report 2019-2029: Forecasts by Type (Quality Control, Quality Assurance Services, Data Management Solutions), by Application (Immunochemistry, Hematology, Clinical chemistry, Molecular Diagnostics, Coagulation, Others), by End User (Hospitals, Home Care, Others), plus analysis of leading companies operating in the global In Vitro Diagnostics Quality Control market.
The rising number of accredited clinical laboratories, increasing third-party quality control services, and the strong presence of favorable regulatory bodies to drive global In Vitro Diagnostics Quality Control market over the projected period. In 2019, the global In Vitro Diagnostics Quality Control market was valued at $1.05 billion and is expected to reach $1.61 billion by 2029 at a CAGR of 4.4%. However, the unfavorable scenario of reimbursement in the IVD industry followed by the high cost of IVD quality control services is expected to hinder market growth over the coming years.
Increasing penetration of diagnostic laboratories by virtue of rising prevalence of chronic diseases such as cancer, cardiovascular diseases, diabetes, and infectious diseases. Rising prevalence of chronic diseases in developed as well as developing economies to encourage global In Vitro Diagnostics Quality Control industry over the coming years.
Strong regulatory bodies associated with the regular quality check of IVD instruments and monitoring of quality control are expected to strengthen the industry. Some prominent bodies are U.S. The Food and Drug Administration, Central Drug Standard Control Organization (CDSCO), Ministry of Health, Labor & Welfare (MHLW), Ministry of Health for South Africa, Medicines and Healthcare Products Regulatory Agency (MHRA), Health Canada, Therapeutic Goods Administration (TGA), and European Medicines Agency.
List of prominent players operating in global In Vitro Diagnostics Quality Control industry are Siemens Healthcare, Abbott Diagnostics, Inc, Bio-Rad Laboratories, Inc., Danaher Corporation, Roche Diagnostics, Sysmex Corporation, Sero AS, Thermo Fisher Scientific, Inc, Sun Diagnostics, LLC, Ortho Clinical Diagnostics, Inc., Randox Laboratories Ltd, Helena Laboratories Corporation, SeraCare Life Sciences, Inc, and Technopath Clinical Diagnostics.
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