Industry Background:
Molecular quality control is method in which concerns with manufacturing, designing and selling products for molecular diagnostic testing. Such quality control methods plays important role in diagnostic testing for inherited disease, pharmaceutics and infectious disease. Rising investment Quality Assessment Leading to wide adoption of third party quality controls, which in turn supplement the very market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | SeraCare Life Sciences Inc. (United States), ZeptoMetrix Corporation (United States), Bio-Rad Laboratories Inc. (United States), Microbiologics Inc. (United States), Thermo Fisher Scientific (United States), Maine Molecular Quality Controls Inc. (United States) and Abbott Laboratories (United States) |
According to AMA, the market for Molecular Quality Controls is expected to register a CAGR of 10.4% during the forecast period to 2030. This growth is primarily driven by High Demand for External Quality Assessment Leading to Wide Adoption of Third Party Quality Controls and Rise in Numbers of Certified Clinical Laboratories.
Globally, a noticeable market trend is evident Growing Focus on Establishing Quality in Molecular Laboratory The Health Care Supplies sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as SeraCare Life Sciences Inc. (United States), ZeptoMetrix Corporation (United States), Bio-Rad Laboratories Inc. (United States), Microbiologics Inc. (United States), Thermo Fisher Scientific (United States), Maine Molecular Quality Controls Inc. (United States) and Abbott Laboratories (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The Market of Molecular Quality Controls is witnessing huge demand for conducting agricultural field work with less manual involvement. Thus, the demand for the micro tillage machine has been raised. The market is highly fragmented with the presence of several market players. Owing to market profitability, new entrants are gaining attention with their innovative product offerings which is turn increasing competitive rivalry.
Key Developments in the Market:
In August 2023, Thermo Fisher Scientific has launched the Applied Biosystems CytoScan HD Accel array, a new chromosomal microarray that the company said will improve cytogenetic research lab productivity, efficiency, and profitability with a two-day turnaround time. Thermo Fisher said the new array, which can analyze the whole human genome and provides improved coverage in more than 5,000 critical genome regions, minimizes sample handling and preparation time.
Regulatory Insights:
Food and Drug Administration body in the United States regulates MDx tests that qualify as products developed by industry as medical and IVD devices, including test kits, quality-control materials, and analyte-specific and reagents (ASRs) (21 CFR Part 809; 21 CFR Part 820.
Influencing Trend:
Growing Focus on Establishing Quality in Molecular Laboratory
Market Growth Drivers:
High Demand for External Quality Assessment Leading to Wide Adoption of Third Party Quality Controls and Rise in Numbers of Certified Clinical Laboratories
Challenges:
Budgetary Constraints in Hospitals and Laboratories and Lack of Regulatory Clinical Laboratory Certification Policies in Emerging Countries
Restraints:
High Cost Involved in Quality Control and Lack of Favorable Reimbursement Policy for Molecular Tests
Opportunities:
Growing Demand for Multi-Analyte Controls and Making Regulatory Frameworks Flexible and Focus on Built Up Favorable Environment for Such Tests
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Molecular Quality Controls Market
- Analysis about New Entrants in Molecular Quality Controls Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Molecular Quality Controls Study Sheds Light on
The Molecular Quality Controls Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Molecular Quality Controls industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Molecular Quality Controls industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.