Press release
IVD Quality Control Market to reach USD 1.6 billion by 2027
The IVD quality control market is expected to grow at a CAGR of 5.4% in the forecast period.The 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 competitive landscape includes the analysis of the key growth strategies adopted by major players between January 2019 and January 2023. Players in the global IVD Quality Control market have employed various strategies to expand their global footprint and increase their market shares such as agreements, divestitures, expansions, and acquisitions.
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The product & service segment holds the highest share of the total IVD quality control market during the forecast period.
The quality control products segment accounted for the largest share of the IVD quality control market in 2021. The increasing number of accredited laboratories to ensure the accuracy of diagnostic test results are driving the growth of the IVD quality control products market.
Serum/plasma-based controls segment accounted for the highest share for the Product and Services in total IVD quality control market during the forecast period.
Serum/plasma-based IVD quality controls are highly preferred by laboratories, as they are more stable after manipulation, such as freezing, storage, and lyophilization.; this segment accounted for the largest share of the quality control products market in 2021. The increasing number of IVD tests and the rising need for accuracy, reliability, and reproducibility of test results are the key factors driving the growth of the IVD quality control products market
Third-party controls dominated the Manufacturer segmented of IVD quality control market
Based on manufacturer, the IVD quality control market is segmented into OEM controls and third-party controls. The third-party controls segment accounted for the largest share of the manufacturer segment in the global IVD quality control market in 2021. The independent controls segment is expected to grow at the highest CAGR in the third-party controls market during the forecast period. The growth of this segment is attributed to the fact that regulatory bodies recommend independent controls.
During the forecast period, hospitals accounted for the highest share in the end users segment of the global IVD quality control market.
The end users of IVD quality controls included in this report are research & academic institutes, hospitals, clinical laboratories, and other end users (blood banks, local public health laboratories, home health agencies, and nursing homes). The hospitals segment accounted for the largest share of the IVD quality control market in 2021, and Clinical laboratories are estimated to be the fastest-growing end-user segment in this market. The increasing burden of infectious diseases across the globe and the growing volume of genetic testing are the key factors driving the growth of this end-user segment.
North America is will account for the highest share in the global IVD quality control market
By Region, the global IVD quality control market accounted in this report is divided into five major regions-North America, Europe, Latin America, the Asia Pacific, and the Middle East & Africa. In 2021, North America accounted for the largest share of the global IVD quality control market, followed by Europe. In North America, US accounted for the largest share folowed by Canada. The APAC region has the highest CAGR of the global IVD quality control market.
In-Vitro Diagnostics (IVD) quality control is a vital aspect of ensuring the accuracy and reliability of diagnostic tests used in healthcare settings. As technology and medical practices continue to advance, the future of IVD quality control promises significant developments to enhance precision and safety in diagnostic testing.
One of the key areas of advancement is the integration of automation and digitalization in quality control processes. Automated systems can efficiently perform repetitive tasks, reducing the risk of human errors and ensuring consistency in quality control measures. Additionally, digitalization allows for real-time data analysis and remote monitoring, facilitating timely interventions and ensuring continuous compliance with quality standards.
The application of artificial intelligence (AI) and machine learning is also transforming IVD quality control. AI algorithms can analyze vast amounts of data, including historical performance data from diagnostic instruments and external quality assessment programs. This data-driven approach enables laboratories to identify trends, anticipate potential issues, and proactively address quality concerns, ultimately improving patient care and outcomes.
Furthermore, the future of IVD quality control will see the implementation of more advanced and sophisticated quality control materials and methods. This includes the development of reference materials that mimic patient samples with precise and stable properties, allowing laboratories to calibrate their instruments accurately and validate test results.
Moreover, the emergence of point-of-care testing and decentralized diagnostics will require innovative quality control strategies. Quality control materials tailored for use in near-patient settings will play a crucial role in ensuring the accuracy and reliability of test results outside traditional laboratory settings.
In conclusion, the future of IVD quality control is characterized by automation, digitalization, AI-driven analytics, and the development of advanced quality control materials. Embracing these advancements will lead to more precise and reliable diagnostic testing, enabling healthcare providers to make well-informed decisions and ensuring better patient outcomes. As the field of IVD continues to evolve, the focus on quality control will remain paramount in upholding the highest standards of diagnostic accuracy and patient safety.
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