In Vitro Diagnostics Quality Control Industry Top Players and Business Intelligence
Key players are focusing on increasing their presence in this growing market through both organic as well as inorganic growth strategies, such as collaborations, product launches, agreements, partnerships and expansions. Due to the intense competition in this market, various market players are increasingly focusing on expanding their geographic presence in high-growth emerging markets.
According to research report the In Vitro Diagnostics Quality Control Market is projected to reach $1,158 million by 2025, at a CAGR of 3.8% during the forecast period.
Bio-Rad Laboratories Inc. (US) was the leading player in the IVD quality control market and accounted for the largest share in 2018. The company has a robust portfolio of quality control products, data management solutions and quality assurance services for hospital laboratories, reference laboratories, transfusion laboratories, and physician office laboratories. The company is a leading provider of clinical diagnostic systems, analytical devices, and instruments. Bio-Rad Laboratories’ position in the market can be attributed to its strong distribution network and its subsidiaries across the globe, which enables it to serve customers in North America, Europe, and the Asia Pacific.
To garner a large share of the IVD quality control market, the company continuously focuses on organic and inorganic growth strategies. For instance, in May 2019, the company launched InteliQ and Load-and-Go Tubes for quality controls to streamline the laboratory workflow. With this new launch the company enabled to strengthen its chemistry and immunoassay quality controls offerings.
Based on applications, the In Vitro Diagnostics Quality Control Market is segmented into clinical chemistry, immunochemistry, hematology, microbiology, coagulation & hemostasis, molecular diagnostics, and other applications (ESR, urine chemistry, immunology, cardiac assessment, and blood morphology).
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