High prevalence of target diseases, unhealthy lifestyle, product launches, increasing strategic developments such as partnerships and agreements are key factors contributing to high CAGR of In-Vitro Diagnostics (IVD) Quality Control Market during forecast period.
Market Size – USD 881.8 Million in 2018, Market Growth - CAGR of 4.3%. Market Trends – Product launches and research for In-Vitro Diagnostics (IVD) Quality Control Market.
NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the global In-Vitro Diagnostics (IVD) Quality Control Market was valued at USD 881.8 Million in 2018 and is expected to reach USD 1229.3 Million by year 2026, at a CAGR of 4.3%.
IVD quality controls are tests used to authenticate the consistency of IVD testing system to confirm precision of test findings and assess the influence of factors such as environmental conditions and operator’s performance on test results. Key recent developments: in June 2019, Illumina, Inc. announced the launch of VeriSeq NIPT Solution v2, a CE-IVD; next-generation sequencing (NGS)-based approach to noninvasive prenatal testing (NIPT), delivers the most comprehensive view of the fetal genome compared to other CE-IVD NIPT products.
Factors including increasing prevalence of chronic diseases, launch of new clinical laboratories, stringent mandates, as well as rising need of early diagnostics by patients drive the growth of In-Vitro Diagnostics (IVD) Quality Control market. Increasing incidence of public-private laboratories which are undergoing laboratory accreditation procedure even boosts up the growth of this particular market. For instance: In August 2018, Abbott Laboratories introduced Alinity, its state-of-the-art, harmonized family of systems for clinical diagnostics, to the US market indicating high demand for the systems’ advanced capabilities and potential to provide savings and increased efficiencies for labs, clinicians, and hospitals.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of the study, this Reports and Data has segmented the Global In-Vitro Diagnostics (IVD) Quality Control Market on the basis of product type, manufacturer type, design, application, end user and the regional outlook:
Product Type (Revenue, USD Million; 2016–2026)
Manufacturer Type (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
End User (Revenue, USD Million; 2016–2026)
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Regional Outlook: (Revenue, USD Million; 2016–2026)
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