Global molecular quality control market is estimated to be valued at USD 208.1 Mn in 2024 and is expected to reach USD 337.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. Molecular quality control involves assessing and monitoring the quality of molecular diagnostics through samples, reagents, and validation procedures. Global molecular quality control market has witnessed significant growth due to advancements in molecular technology and growing adoption of point-of-care (POC) testing. Rising demand for personalized medicine and centralized lab testing worldwide can boost demand for molecular quality assurance solutions. Moreover, increasing focus on standardizing and harmonizing molecular testing procedures to ensure accuracy and reliability of test results boosts uptake of various molecular quality control products and services.
Market Dynamics
Global molecular quality control market growth is primarily driven by growing molecular diagnostics applications across different disease areas coupled with increasing incorporation of molecular testing in clinical decision making. Rapid technological advancement in molecular techniques such as PCR and Next-Gen sequencing has expanded their scope of applications. Rising prevalence of infectious diseases, cancer and genetic disorders necessitates robust quality assessment of molecular assays. Implemented guidelines like CLIA (Clinical Laboratory Improvement Amendments) in U.S mandating accreditation and validation of molecular diagnostic labs further boosts adoption of quality controls. However, budgetary constraints of clinical laboratories in developing nations poses challenge for market players. Moreover, complex regulatory frameworks and lack of skilled professionals hampers the market growth. Ongoing development of novel molecular quality controls with enhanced consistency and reproducibility presents numerous lucrative opportunities in the near future.
Key features of the study
- This report provides in-depth analysis of the global molecular quality control market, and provides market size (USD Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global molecular quality control market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Microbiologics, Inc., ZeptoMetrix Corporation, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Quidel Corporation, Qnostics, Maine Molecular Quality Controls, Inc., Danaher Corporation, Helena Biosciences Europe, SERO AS, Technopath Clinical Diagnostics, Randox Laboratories Ltd., and Hologic, Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global molecular quality control market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global molecular quality control market.
Market Segmentation
Market Segmentation
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