Global Molecular Quality Controls
Market Report
2024
Global Molecular Quality Controls market size was USD 194.7 Million in 2022 and it is forecasted to reach USD 315.4 Million by 2030. Molecular Quality Controls Industry's Compound Annual Growth Rate will be 7.13% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Molecular Quality Controls market size was USD 194.7 Million in 2022 and it is forecasted to reach USD 315.4 Million by 2030. Molecular Quality Controls Industry's Compound Annual Growth Rate will be 7.13% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Molecular Quality Controls Market Sales Revenue 2022 | $ 194.7 Million |
Global Molecular Quality Controls Market Sales Revenue 2030 | $ 315.4 Million |
Global Molecular Quality Controls Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.13% |
Market Split by Product |
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Market Split by Application |
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Market Split by Analyte Type |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Molecular Quality Controls Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A diagnostic product's molecular quality control involves testing and reporting any anomaly. For laboratories, early detection of potential abnormalities is essential since it enables them to respond quickly and prevents adverse effects on patient data. To monitor the tests for systematic and random mistakes, molecular laboratories employ stringent quality control measures. It also aids in the early detection of sudden changes in data and anomalies in long-term patterns. Molecular quality controls are useful for assessing the effectiveness of in-vitro nucleic testing procedures for viral load assays, healthcare infections, and sexually transmitted infectious illnesses. Such quality checks primarily look for faults in molecular detection products so that they may be reported to management. Expanding demand for customized medications, an increase in authorized clinical laboratories, expanding use of third-party quality standards, and falling sequencing process prices are some of the factors boosting market revenue of the molecular quality control market.
The market outlook will be favorable as clinical laboratories continue to grow in number. Furthermore, the construction of new clinical facilities will hasten the development of services for testing and monitoring probable anomalies in diagnostic goods. This could accelerate the development of molecular quality control techniques in the upcoming years.
The growing prevalence of various diseases throughout the world has led to a rise in the number of laboratory tests being performed globally. Both governmental and commercial sector laboratories are opening up in order to address this need. To perform diagnostic tests, clinical laboratories must get accreditation from regulatory organizations such as the International Organization for Standardization (ISO) 15189:2012 along with other standards.
According to CLIA UPDATE, there were 259,967 laboratory organizations enrolled for CLIA certification in 2017 but 286,396 in 2020. Additionally, 15,353 laboratories acquired CLIA accreditation in 2018 from various accrediting bodies.
Molecular quality controls are employed to identify genetic diseases since these make it easier to understand the data. An additional whole or partial copy of chromosome 21 comes from abnormal cell division, which is the genetic disease known as Downs Syndrome. Around 6,000 infants in the United States are diagnosed with Down syndrome each year, according to the US Centers for Disease Control and Prevention (CDC). As a result, the nation is doing more prenatal tests for Down syndrome. BRCA1 (BReast CAncer gene one) and BRCA (BReast CAncer gene two) gene mutations account for the majority of hereditary instances of breast cancer.
According to the American Cancer Society, 5% to 10% of instances of breast cancer are inherited as a result of defective genes being handed down from parents to offspring. Genetic testing for hereditary breast cancer is more popular as breast cancer awareness grows.
Significant investments are required to set up a QC procedure in a clinical laboratory. Additionally, laboratories must continue to employ a specialized workforce to oversee the QC system. Furthermore, the cost associated with QC procedures is similar regardless of the volume of procedures performed. Thus, QC methods are particularly expensive to employ for clinical laboratories that perform few diagnostic tests. This is predicted to lead to a lesser adoption of QC procedures, along with financial restrictions in many hospitals and laboratories in developed and emerging nations.
New worldwide disturbances brought on by the novel coronavirus outbreak have never been witnessed previously. As clinical laboratories and diagnostic manufacturers scramble to meet the rising demand for testing solutions, which are seen as essential to managing COVID-19 disease, the molecular quality controls market has the potential to thrive during the pandemic, even though this disruptive force has wreaked havoc on many industries. ZeptoMetrix has announced the addition of a new molecular quality control to its wide range of infectious Disease NATtrolTM Quality Controls in order to achieve this goal. If the clinical investigation goes beyond symptomatic patients, the necessity for molecular quality control is expected to dramatically drive COVID-19 testing. The FDA has given molecular diagnostic techniques, which are more precise and have a shorter development period than serological tests, an emergency use authorization (EUA) since it is anticipated that the disease may remain longer. Hence, the molecular quality control market has grown favorably during the epidemic.
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SeraCare Life Sciences, a manufacturer and leading partner to global in vitro diagnostics manufacturers and clinical laboratories, announced their successful selection as a technology partner in support of the first-ever tumor mutational burden (TMB) external quality assessment (EQA) program being developed by the International Quality Network for Pathology (IQN Path). Under the agreement with IQN Path, SeraCare Life Sciences will develop, manufacture, and supply a range of highly-characterized cell line genomic DNA and formalin-fixed, paraffin-embedded (FFPE) standards with confirmed low, mid, and high levels of mutational burden within their exome regions.
Bio-Rad Laboratories, Inc. (NYSE: BIO and BIOb), a global leader of life science research and clinical diagnostic products continues to expand diagnostics company partnerships by providing InteliQ products, a range of barcoded, load-and-go quality control tubes that provide efficiencies in workflow, in addition to Bio-Rad’s Unity QC data management solutions, which help improve a laboratory’s analytical performance.
Abbott Laboratories invested USD 2.4 billion in R&D, of which USD 10.80 billion was invested in developing technologically advanced diagnostic products to strengthen its product portfolio.
Top Companies Market Share in Molecular Quality Controls Industry: (In no particular order of Rank)
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The North America segment is the leading segment in the molecular quality controls market. The dominance of the segment is attributed to the developments of the diagnostic industry, the presence of medical staff, the availability of advanced tools, and rising R&D spending. US-FDA developed some guidelines in 2020 to help nuclear medicine departments to adjust their operating practices to limit the danger of COVID-19 disease among patients, the general public, and personnel. According to a study published in Frontiers in Bioengineering and Biotechnology Journal, the FDA had approved the emergency use of approximately 140 diagnostic tests as of January 2021. Furthermore, it was shown that the clinical gold standard for diagnosing COVID-19 was RT-PCR.
The current report Scope analyzes Molecular Quality Controls Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Molecular Quality Controls Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Molecular Quality Controls Industry growth. Molecular Quality Controls market has been segmented with the help of its Product, Application Analyte Type, and others. Molecular Quality Controls market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The market for molecular quality control is divided based on the product type into independent controls and instrument-specific controls. The independent control segment is anticipated to command the largest market share of the molecular quality controls market due to their exceptionally accurate, unbiased, and independent assessment of a testing system or technique performance test findings in a brief period of time with the highest sensitivity rate. A significant rise in the use of these goods by independent third-party quality controls is also anticipated to have a positive impact on the market due to advantages like their numerous applications and cheap operating costs.
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The molecular quality controls market is divided based on applications into genetic testing, cancer testing, infectious disease diagnostics, and other applications. The diagnostics for infectious diseases category held the biggest market share for molecular quality controls. The development of sophisticated assays for infectious diseases, the sharp rise in the prevalence of infectious diseases, and the growing understanding of the efficacy of using molecular diagnostic technologies to prevent the occurrence and spread of infectious diseases are all credited with the large share of this market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Molecular Quality Controls market report 2024 Edition by contacting our team.
On the basis of analyte type, the molecular quality control market is classified into single-analyte controls and multi-analyte controls. Single-analyte control is the dominating segment of the market owing to the advantages offered such as easy data interpretation and processing, low risk of cross-reactivity, and wide use of singleplex assays in clinical procedures. For multiple-sample ELISA quantification of a single cytokine or chemokine, single-analyte kits are designed. Each well of a 96-well plate (8 wells per strip, a total of 12 strips) is coated with one capture antibody.
The molecular quality controls market is divided based on end-users into hospitals, clinical laboratories, IVD manufacturers & CROs, academics and research institutes, and others. The clinical laboratories segment is the dominating segment of the market due to the rising number of accredited clinical laboratories to assist the growth of the market in the near future.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Molecular Quality Controls Market is witnessing significant growth in the near future.
In 2023, the Independent Control segment accounted for noticeable share of global Molecular Quality Controls Market and is projected to experience significant growth in the near future.
The Oncology segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Thermo Fisher Scientific Inc. , Bio-Rad Laboratories Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Independent Control, Instrument Specific-Control |
Application | Oncology, Genetic Testing, Infectious Diseases, Others |
Analyte Type | Single-analyte Controls, Multi-analyte Controls |
End User | Hospitals, Clinical Laboratories, IVD Manufacturers & CROs, Academic and Research Institutes |
List of Competitors | Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories Inc., LGC Limited, SERO AS, Randox Laboratories Ltd., Ortho-Clinical Diagnostics Inc., Sun Diagnostics LLC, Fortress Diagnostics, Abbott Laboratories, Anchor Molecular, Quidel Corporation, Bio-Techne Corporation, Microbiologics Inc., SpeeDx Pty. Ltd., Grifols S.A., Microbix Biosystems Inc. |
This chapter will help you gain GLOBAL Market Analysis of Molecular Quality Controls. Further deep in this chapter, you will be able to review Global Molecular Quality Controls Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Molecular Quality Controls Market Trends North America Molecular Quality Controls Technological Road Map North America Molecular Quality Controls Market Drivers North America Molecular Quality Controls Market Restraints North America Molecular Quality Controls Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Analyte Type Analysis 2019 -2031
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Chapter 13 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Molecular Quality Controls market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Independent Control have a significant impact on Molecular Quality Controls market? |
What are the key factors affecting the Independent Control and Instrument Specific-Control of Molecular Quality Controls Market? |
What is the CAGR/Growth Rate of Oncology during the forecast period? |
By type, which segment accounted for largest share of the global Molecular Quality Controls Market? |
Which region is expected to dominate the global Molecular Quality Controls Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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