Tuesday, 26 November 2019

In Vitro Diagnostics (IVD) Quality Control Market In-Depth Analysis by Key Benefits, Capacity, Outlook, Dynamics and New Technologies Forecast to 2025


Felton, 26 November 2019 - In Vitro Diagnostics (IVD) Quality Control Market is anticipated to reach USD 1.13 billion by 2024. The rising number of certified clinical laboratories requires quality control (QC) services to maintain their standards, associated with the increasing acceptance of third party providers of quality control services, to ensure the accurate and reproducible test results, and better outcomes which is anticipated to drive the growth.

For the establishment of definite standards of quality, the internal Quality Control (QC) programs and the external QAS (Quality Assurance Schemes) is very important to ensure validity and reliability of the test results obtained by the IVD devices. These programs are essential in confirming the delivery of patient diagnostic outcomes, which are reliable and without errors, such as misdiagnosis because of device-related errors, which can impact the health of the patient.
Type Insights
On the type basis, the IVD quality control market is categorized into quality assurance services quality control (QC), and data management. The QC schemes are appropriate to plasma-based, whole blood-based and serum-based products. In 2016, QC market was one of the largest segments because of the rapidly developing IVD technologies and the existence of numerous internal QC programs for the different features of the IVD device-based procedures of testing
Application Insights
There are numerous applications of the IVDs, which includes haematology, immunology, coagulation, clinical chemistry, molecular diagnostics and microbiology. Amongst these all, molecular diagnostics is anticipated to be the fastest growing market segment with 4.88% CAGR. The frequent usage of the technologies in the molecular diagnostics, such as gene expression and PCR, high accuracy and specificity are some of the responsible factors associated with its high growth.
End-use Insights
The hospitals market segment was valued the largest market segment of over 46.0% in 2016 owing to the high application of IVD tests in hospitals and the necessity of obedience with the IVD directives for the product traceability. The home care market segment is anticipated to observe a lucrative progression owing to the persistent increase in the usage devices for point-of-care testing. The rise in adoption of microchip technology which is used to handle fluids in IVD equipment, as well as the enhanced production processes and the miniaturization technology are creating efficient point-of-care devices, which are very less susceptible to errors.
Market Segments
IVD Quality Control Market Application Outlook, by Revenue (USD Million, 2013 - 2024)
    • Clinical Chemistry
    • Immunochemistry
    • Hematology
    • Others
IVD Quality Control Market Type Outlook, by Revenue (USD Million), 2013 - 2024
    • Quality Controls
        • Plasma-based Controls
        • Other IVD Quality Controls
    • Data Management
    • Quality Assurance Services
IVD Quality Control Market End-use Outlook, by Revenue (USD Million), 2013 - 2024
    • Home-care
    • Laboratory
    • Hospitals
    • Others


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