Kenneth Research recently added a report on ‘Molecular Quality Controls Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Molecular Quality Controls Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Molecular Quality Controls Market products.
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The global molecular quality control market is expected to expand at a CAGR of around 9% between 2022 and 2030. The key factors driving market growth are the increase in the number of approved clinical laboratories and the emerging adoption of third-party quality control. Expand the need for support for external quality assessments.
Molecular quality control is used to monitor the performance of in vitro nucleic acid detection programs such as viral load analysis and health care-related infections. These products include control and verification panels to support trial implementation and monitoring by clinical and research laboratories, blood centers, and IVD manufacturers. For example, in 2018, Microbiologics launched eight quality control products, namely human papillomavirus (HPV) control panel, vaginal verification panel, blood culture control panel (BCID), vaginal control panel, virus control panel, enteric coating, etc.
The report provides production (27;000 units), consumption (27;000 units), imports and exports ( 27;000 units), demand, supply and gap analysis to understand current and future market conditions. The study conducted a comprehensive analysis of the global molecular quality control of the market by product, analyte type, application, end user, and region. The report provides an in-depth analysis of the drivers, opportunities, constraints, and challenges of obtaining key market insights. The report highlights all the key trends that will play an important role in expanding the market from 2022-2030. Porters five forces model is used to identify competition in the global molecular quality control market. This report combines industry analysis and focuses on providing a broad view of the molecular quality control market. The research also includes analysis of product attractiveness, analyte types, applications, end users and regions. These analyses are based on their market size, growth, and the ratio and attractiveness of current and future opportunities to understand the market’s future growth. Company profiles of major players operating in the quality control market, as well as comparative analysis based on their business overview, product supply, market segments, share, regional presence, business strategy, innovation, mergers and acquisitions, recent developments, joint ventures, cooperation, partners Relationships, SWOT analysis and key financial information. Taking into account the impact of different policies, the market estimates are evaluated, and the ecology is based on the economic, social, technical and legal factors of our extensive secondary research, primary research and internal databases.
Driving factors: The number of clinical laboratories supported continues to increase. The new adoption of third-party quality control increases the need for external quality assessment support.
Hospitals and laboratories must bear the disadvantages of additional costs related to quality control quality and budget constraints. Weighing opportunities in molecular .
Increasing demand for multiple analyte control. CHALLENGES : The complex regulatory structure lacks necessary supervision.
THE MAIN RESULTS OF THE GLOBAL MOLECULAR QULAITY CONTROL MARKET
All market segments are analyzed on a global, regional and national scale. The research includes analysis of more than 30 countries in each market segment.
The molecular quality control market is segmented by product, analyte type, application, and end user. The product is divided into independent control and specific tool control. The independent control department dominated the market with a market size of US$76.56 million in 2017. Independent controls provide an impartial and independent evaluation of the performance of test systems or methods because they are independent of the manufacture of instruments, reagents, and calibrators. Including single analyte control and multiple analyte control. The multi-analyte control segment had the highest market share in 2017, at 51.51%.
This can be attributed to factors such as the increasing use of multi-analyte control, cost-effectiveness, and time-saving features in clinical and research applications. Infectious diseases, oncology, genetic testing, etc. Due to advances in technology, increasing cancer prevalence, and increasing attention to personalized medicine, the oncology department is expected to grow at the highest compound annual growth rate of 8.48% during the forecast period. The end user segment includes clinical laboratories, hospitals, IVD manufacturers, and contract research institutions. , Academic and research institutions, etc. The clinical laboratory tests for genetic diseases, pharmacogenetics and infectious diseases.
COMPETITIVE ANALYSIS OF THE GLOBAL MOLECULAR CONTROL MARKET
The main players in the molecular quality control market are Seracare Life Sciences Inc., Thermo Fisher Scientific, Bio-Rad Laboratories, Microbiologics Inc., Zeptometrix, Roche Diagnostics, Abbott Laboratories, Quidel, Qnostics, Maine Molecular Quality Controls Inc. Seracare Life Sciences Inc., Thermo Fisher Scientific, Bio-Rad Laboratories and Microbiologics Inc. are the major players in this market. For example, in 2018, Thermo Fisher Scientific and Sichuan University West China Hospital (China) established a standardized pathology quality control, advanced diagnosis and laboratory training center. Also in 2018, Seracare partnered with the AccuRef Diagnostics division of Applied StemCell, Inc. to sell and distribute Accuref products of cell line reference materials designed by CRISPR.
The study forecasts global, regional and national income and volume growth from 2015 to 2025. Fior Market Research has segmented the global molecular quality control market according to the following market segments: Global molecular quality control market, by product – Independent control, instrument specific control. Global molecular quality control market, by analyte type – Single analyte control, multi-analyte control, global molecular quality control market. By Application: Infectious diseases, tumors Genetic testing, another global molecular quality control market. By End users: Clinical laboratory hospital IVD manufacturers and contracted research institutions, academic and research institutions, others.
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