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Rising Demand for Accurate Medical Testing Drives Growth of the Global IVD Quality Controls Market
In vitro diagnostic (IVD) quality controls are used to ensure that medical tests performed on samples taken from the human body (such as blood, urine, or tissue) are accurate and reliable.These quality controls are essentially materials that have been tested and confirmed to have a known and consistent level of a particular analyte (substance being measured) or characteristic that is being tested for.
By using these quality control materials alongside patient samples, laboratories can confirm that their testing equipment and procedures are working correctly, and that the results they generate are accurate and consistent over time.
The use of IVD quality controls is essential in ensuring the safety and effectiveness of medical testing, as it helps to prevent misdiagnoses and unnecessary treatments that can be harmful to patients.
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The IVD quality control products market is driven by factors such as increasing number of accredited laboratories, stringent mandates on the use of third party IVD quality control products, and increase in the number of IVD test volumes across the globe. Increase in adoption of multianalyte controls and focus of key players on expanding their market presence in emerging economies are anticipated to create new growth opportunities for market players. However, poor reimbursement scenario and lack of regulations regarding the use of controls in emerging economies are expected to hamper the market growth during the analysis period.
"The growth of the global IVD quality control products market is propelled by increase in adoption of multianalyte third party quality controls," says Hemali Narkhede, Manager, and Healthcare Research at Allied Market Research. She further added, "serum/plasma-based controls products are popular due to their high stability and long self life."
IVD quality controls are used in a variety of settings where medical tests are performed on human samples. Some of the segments that commonly use IVD quality controls include:
Clinical laboratories: These are medical testing facilities that perform diagnostic tests on patient samples to help diagnose diseases and guide treatment decisions. Clinical laboratories use IVD quality controls to ensure that their testing equipment and procedures are working properly, and that the results they generate are accurate and reliable.
Blood banks: These are facilities that collect, store, and distribute blood products for transfusion to patients. Blood banks use IVD quality controls to ensure that the blood products they collect and distribute are safe and free from infectious agents.
Point-of-care testing: This refers to medical testing that is performed outside of a traditional laboratory setting, such as in a doctor's office or at a patient's bedside. Point-of-care testing often involves the use of handheld devices or portable testing equipment, and IVD quality controls are used to ensure that these devices are working properly and producing accurate results.
Research laboratories: These are facilities that perform scientific research on a variety of topics, including the development of new diagnostic tests and treatments. Research laboratories use IVD quality controls to ensure that their testing equipment and procedures are working properly, and to validate the accuracy and reliability of new diagnostic tests before they are used in clinical settings.
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The IVD quality controls market has been experiencing significant growth over the past few years and is expected to continue growing in the future. The global IVD quality controls market size was valued at USD 964.8 million in 2020 and is projected to reach USD 1.4 billion by 2027, with a CAGR of 5.5% during the forecast period (2021-2027).
Several factors are driving the growth of the IVD quality controls market, including the increasing prevalence of infectious and chronic diseases, rising demand for early disease diagnosis, and growing awareness about the importance of quality controls in medical testing. Additionally, advancements in technology and the development of new and innovative quality control products are also contributing to market growth.
The market for IVD quality controls is segmented by product type, application, and end-user. Product types include serum/plasma-based controls, whole blood-based controls, urine-based controls, and others. Applications include clinical chemistry, hematology, immunoassay, microbiology, molecular diagnostics, and others. End-users include clinical laboratories, hospitals, blood banks, research laboratories, and others.
Overall, the IVD quality controls market is expected to continue growing as the demand for accurate and reliable medical testing increases and the need for quality controls to ensure the safety and effectiveness of medical testing remains a priority.
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