Molecular Quality Controls Market Size And Forecast

Molecular Quality Controls Market size was valued at USD 125.40 Million in 2018 and is projected to reach USD 265.75 Million by 2026, growing at a CAGR of 9.79% from 2019 to 2026.

The major factors contributing to the growth of the global Molecular Quality Controls Market include the rising number of accredited clinical laboratories, increasing adoption of third-party quality controls, and growing demand for external quality assessment support that further drives the market. The Global Molecular Quality Controls Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Molecular Quality Controls Market Definition

Molecular Quality controls are useful in monitoring the performance of in vitro nucleic acid testing procedures for viral load assays, healthcare-related infections, and infections associated with sexually transmitted diseases. The main focus of these quality controls is to test the molecular diagnostic products in order to identify defects and report them to the management authorities. This further influences the decision on whether to release the product or not. The increasing portfolio of molecular quality control products makes it easy to meet risk reduction goals by enabling labs to use the best QC practices and advanced data management tools.

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Global Molecular Quality Controls Market Overview

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The major factors contributing to the growth of the global Molecular Quality Controls Market include the rising number of accredited clinical laboratories, increasing adoption of third-party quality controls, and growing demand for external quality assessment support that further drives the market. On the contrary, the high costs associated with the quality control process and constraints in the budget in hospitals and laboratories might hinder the overall market at a global level.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Molecular Quality Controls Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Molecular Quality Controls Market: Segmentation Analysis

The Global Molecular Quality Controls Market is Segmented on the basis of Product, Analyte Type, Application, End-User, And Geography.

Molecular Quality Controls Market, By Product

• Independent Controls
• Instrument-Specific Controls
o PCR
o DNA Sequencing & NGS
o Other Technologies

Based on Product, the market is segmented into Independent Controls and Instrument-Specific Controls.

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Molecular Quality Controls Market, By Analyte Type

• Single-Analyte Controls
• Multi-Analyte Controls

Based on Analyte Type, the market is segmented into Single-Analyte Controls and Multi-Analyte Controls.

Molecular Quality Controls Market, By Application

• Infectious Diseases
• Oncology
• Genetic Testing
• Other Applications

Based on Application, the market is segmented into Infectious Diseases, Oncology, Genetic Testing, and Other Applications.

Molecular Quality Controls Market, By End-User

• Clinical Laboratories
• Hospitals
• IVD Manufacturers and Contract Research Organizations
• Academic & Research Institutes
• Other End-Users

Based on End-User, the market is segmented into Clinical Laboratories, Hospitals, IVD Manufacturers and Contract Research Organizations, Academic & Research Institutes, and Other End-Users.

Molecular Quality Controls Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Molecular Quality Controls Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players

The “Global Molecular Quality Controls Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Seracare Life Sciences, Inc., Zeptometrix, Thermo Fisher Scientific, Abbott Laboratories, Bio-Rad Laboratories, Roche Diagnostics, Microbiologics, Inc., Maine Molecular Quality Controls, Inc., Quidel, Qnostics, Grena Think Medical and Theranostica.

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