IVD Quality Control Product Market Forecast to 2022

In Vitro Diagnostics Quality Control Product Market

Opportunities and Forecasts, 2014 – 2022

Introduction to IVD Quality Control Product Market

• In Vitro Diagnostics (IVD) Quality Control Products Market Report, published by Allied Market Research, forecasts that the global market was valued at $823 million in 2015, and is expected to reach $1,052 million by 2022, registering a CAGR of 3.5% during the forecast period 2016 - 2022.

• The quality controls products segment dominated the market with fourth-fifths share in 2015. Immunochemistry and clinical chemistry application segments together captured around half of the market share in 2015.

• 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.

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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.

Introduction to IVD Quality Control Product Market

• 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.

• In 2015, the quality controls segment accounted for the largest market share in the global market due to the upsurge in demand for third-party quality controls.

• The serum/plasma based controls accounted for the largest share in the quality controls market in 2015, and is estimated to grow at the fastest CAGR of 4.1% from 2016 to 2022, owing to the increase in demand for products with long self-life and high stability.

• The immunochemistry application segment dominated the global market by application in 2015, owing to the rise in demand for high-sensitivity immunochemistry tests and increase in availability of multianalyte controls to test the accuracy of large immunoassay test menus.

IVD Quality Control Product Market Key Segments

IVD Quality Controls Product Market

Product Type

Quality Controls

Application

Whole Blood Based Controls

Clinical Chemistry

Immunochemistry

Manufacture Type

Instrument Manufacturer Controls

Independent Manufacturer Controls

IVD Quality Control Product Market Top Investment Pockets

IVD Quality Control Product Market Dynamics

 DRIVERS  Growing number of accredited clinical laboratories • Increasing mandates on the use of quality controls from regulatory and accreditation bodies • Increasing Adoption of Third-Party multi-analyte Quality Controls  Restraints • Stringent regulatory requirements for the approval and commercialization of IVD and their quality control Products • Inadequate reimbursement policies for IVD quality control

Key Benefits of IVD Quality Control Product Market • In-depth analysis of the IVD quality controls market is based on market estimations of key segments for the period of 20142022.

• Comprehensive analysis of factors that drive and restrict the market growth of IVD quality controls industry is provided in the report.

• Exhaustive analysis of IVD quality controls industry market segments aids in understanding the prospects of IVD quality control products that are presently in use as well as with variants that would gain prominence in the future.

• Competitive intelligence of leading manufacturers and distributors helps in interpreting the competitive scenario of geographies.

• The profiles and strategies of key market players are thoroughly analyzed in the report to understand the competitive outlook of the market.

IVD Quality Control Product Market By Geography

North America, Europe, Asia-Pacific, LAMEA

Key Players of IVD Quality Control Product Market

• Abbott Diagnostics •

Bio-Rad Laboratories, Inc.

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Roche Diagnostics

• Thermo Fisher Scientific, Inc. • Randox Laboratories Ltd. • Helena Laboratories • Seracare Life Sciences, Inc. • Technopath Clinical Diagnostics

• Sun Diagnostics, LLC.

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