Molecular Quality Controls Market Insights, Share, Trends, Outlook, and Forecast 2024-2032

The latest report by IMARC Group, titled “Molecular Quality Controls Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the molecular quality controls market insights. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global molecular quality controls market size reached USD 197.1 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 336.3 Million by 2032, exhibiting a growth rate (CAGR) of 6.12% during 2024-2032.

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Molecular Quality Controls Market Trends:

The global market is primarily driven by the rising prevalence of chronic diseases, such as cancer and infectious diseases. Technological advancements in molecular diagnostics are facilitating the development of more sophisticated control products, contributing to market growth. Moreover, the growing awareness regarding the importance of diagnostic accuracy is encouraging healthcare providers to adopt molecular quality controls. Furthermore, regulatory agencies are tightening quality control standards for laboratories, propelling the market further.

Additionally, the shift toward personalized medicine is driving the adoption of molecular testing, thus increasing the demand for quality controls. Besides, the rising investment in research and development by biotech companies is fostering innovation in this field. The expansion of healthcare infrastructure in emerging economies is also opening new opportunities for the market. The COVID-19 pandemic has amplified the need for reliable molecular testing, further accelerating market demand.

Molecular Quality Controls Market Scope and Growth Analysis:

The scope of the market is broadening as molecular diagnostics become integral in clinical settings, the need for quality control systems is critical to ensure test reliability. The growing focus on developing companion diagnostics requires stringent quality control measures. Additionally, the rapid technological advancements in next-generation sequencing (NGS) are expanding the use of molecular quality controls, particularly in complex genetic testing. Furthermore, the increasing integration of automation in diagnostic laboratories is streamlining processes, thereby increasing demand for standardized quality controls.

The global expansion of biopharmaceutical companies and clinical research organizations is also driving the market as they seek to maintain compliance with regulatory standards. Moreover, the rise in public and private funding for diagnostic research is further supporting market growth. Besides, the evolving healthcare infrastructure, particularly in emerging economies, is opening new opportunities for molecular quality control applications, thus broadening the market's scope.    

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Bio-Rad Laboratories Inc.

• Hoffmann-La Roche AG

• Maine Molecular Quality Controls Inc.

• Microbiologics

• Qnostics Ltd.

• Quidel Corporation

• SeraCare Life Sciences Inc. (LGC Clinical Diagnostics)

• Thermo Fisher Scientific Inc.

• ZeptoMetrix Corporation (Antylia Scientific)

Molecular Quality Controls Market Segmentation:

Our report has categorized the market based on region, product type, analyte type, application, and end user.

Breakup by Product Type:

• Independent Control

• Instrument Specific-Control

Breakup by Analyte Type:

• Single-Analyte Controls

• Multi-Analyte Controls

Breakup by Application:

• Oncology

• Genetic Testing

• Infectious Diseases

• Others

Breakup by End User:

• Hospitals

• Clinical Laboratories

• IVD Manufacturers and CROs

• Others

Breakup by Region:

• North America (USA, Canada)

• Europe (Germany, France, UK, Italy, Spain, Russia, others)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)

• Middle East/Africa

• Latin America (Brazil, Mexico, others)

Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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