The global molecular quality control market is expected to grow from USD 136 million in 2019 to USD 256 million by 2029 at a CAGR of 10.5% during the forecast period, 2020–2029.
The primary factors contributing to the growth of the market are the prevalence of infectious diseases, HIV, cancers, which increases the demand for novel diagnostic methods for efficient treatment and quality controls to monitor their performance. For instance, As per the Joint United Nations Programme on HIV and AIDS (UNAIDS) report published in 2019, 24.5 million people with HIV were accessing antiretroviral therapy in the world. Moreover, increased support from the governments to control the outbreaks of infectious diseases and a rise in the demand for quality control support along with immediate molecular diagnosis systems are expected to contribute to the growth of the global molecular quality control market over the forecast period. Molecular quality controls are used to examine the performance of molecular diagnostic tests such as in vitro nucleic acid testing procedures for viral load assays, pathogen detection, blood count testing units, and hospital-acquired infections (HAIs) like pneumonia, urinary tract infections, and others. These QC products primarily focus on the detection of defects, quality, effectiveness, accuracy, and validation to support in the implementation and monitoring assay-kit lot performance for clinical and research laboratories, blood diagnostic centers, and molecular diagnostic systems manufacturers.
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Impact of COVID-19
The spread of coronavirus has been swelling over the past few days, and there is an urgent need for accurate clinical diagnostic methods for the coronavirus. As the molecular diagnostic tests are accurate and time and cost-effective, their adoption is expected to increase, particularly real-time PCR tests. This increasing demand has to be supported with effective molecular quality control systems; hence, this is expected to increase the demand in the market for quality control products as well as services from third-party vendors. Many market players are coming with their newly developed diagnostic kits as the race to stop the spread of COVID 19 is of utmost importance.
Molecular Quality Controls Market Segmentation
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" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now