What is Global Molecular Quality Controls Market?
The Global Molecular Quality Controls Market is a significant sector in the healthcare industry that focuses on the production and distribution of quality control products for molecular diagnostics. These products are used to ensure the accuracy and reliability of test results in molecular diagnostics, which is crucial in the detection and diagnosis of diseases. The market includes a variety of products such as independent controls, instrument-specific controls, and others, which are used in different areas of molecular diagnostics. The importance of these products in ensuring the reliability of test results has led to the growth of this market globally. The market is driven by factors such as the increasing prevalence of infectious diseases and genetic disorders, growing awareness about personalized medicine, and the rising demand for high-quality diagnostics.
Independent, Instrument Specific in the Global Molecular Quality Controls Market:
The Global Molecular Quality Controls Market is divided into two main segments: independent controls and instrument-specific controls. Independent controls are universal products that can be used with any instrument, while instrument-specific controls are designed to be used with a specific instrument. These products are essential in ensuring the accuracy and reliability of test results, which is crucial in the diagnosis and treatment of diseases. The market for these products is driven by the increasing demand for high-quality diagnostics, the growing prevalence of infectious diseases and genetic disorders, and the rising awareness about personalized medicine. The market is also influenced by technological advancements in molecular diagnostics, which have led to the development of more efficient and reliable quality control products.
IVD Manufacturers, Research Institute in the Global Molecular Quality Controls Market:
The Global Molecular Quality Controls Market plays a crucial role in various areas such as IVD manufacturers and research institutes. IVD manufacturers use these products to ensure the accuracy and reliability of their diagnostic tests, which is crucial in the detection and treatment of diseases. On the other hand, research institutes use these products in their research activities to ensure the reliability of their findings. The importance of these products in these areas has led to the growth of this market globally. The market is driven by factors such as the increasing demand for high-quality diagnostics, the growing prevalence of infectious diseases and genetic disorders, and the rising awareness about personalized medicine.
Global Molecular Quality Controls Market Outlook:
The outlook for the Global Molecular Quality Controls Market is promising. In 2023, the market was valued at US$ 170.7 million and is expected to reach US$ 289.6 million by 2030, growing at a CAGR of 7.7% during the forecast period 2024-2030. This growth is driven by the increasing demand for high-quality diagnostics, the rising prevalence of infectious diseases and genetic disorders, and the growing awareness about personalized medicine. In comparison, the global pharmaceutical market, which is a larger sector in the healthcare industry, is expected to grow at a CAGR of 5% during the next six years, reaching 1475 billion USD in 2022. The chemical drug market, another significant sector in the healthcare industry, is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022.
| Report Metric | Details |
| Report Name | Molecular Quality Controls Market |
| Accounted market size in 2023 | US$ 170.7 million |
| Forecasted market size in 2030 | US$ 289.6 million |
| CAGR | 7.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | SeraCare Life Sciences, ZeptoMetrix Corporation, Bio-Rad Laboratories, Microbiologics Inc, Thermo Fisher Scientific, Maine Molecular Quality Controls, Abbott Laboratories, Roche Diagnostics, Quidel Corporation, Qnostics |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
