The global market for IVD Quality Control Products was valued at USD 84.7 billion in 2020, and is expected to register a CAGR of 19.30% during the forecast period. The steady growth is attributed to rising prevalence of chronic diseases, such as diabetes and cancer, increasing prevalence of cardiovascular diseases (CVDs), growing demand for advanced and rapid diagnostic systems, and escalating demand for third-party IVD quality controls.

The evaluation of the overall effectiveness of IVD tests to identify any issues and ensure their quality is known as in vitro diagnostics quality control. It is a standard practice that adheres to ISO 9001 quality regulations and guidelines, and its compliance is monitored through post-market surveillance, government inspections, and independent audits.

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The growth of the global market is majorly supported by several advantages associated with IVD quality control, such as sensitive and long-term monitoring of IVD test systems performances, multiple-level quality control analysis, and identification of critical analytical system issues.

Despite its potential for growth, the in vitro diagnostics quality control market may face obstacles due to a shortage of skilled professionals in quality control and evaluation of IVD devices. The market is categorized into various segments, including immunochemistry, clinical chemistry, molecular diagnostics, hematology, coagulation & hemostasis, microbiology, and others. Among these, immunochemistry held the biggest share of the global market in 2020 and is expected to experience the most significant revenue growth during the forecast period.

North America dominates the global market in terms of revenue and is expected to display the fastest revenue growth rate over the forecast period. The market growth in this region is accelerated by the rapid spread of infectious diseases such as urinary tract infection, increasing patient pool, rising number of accredited clinical laboratories and diagnostic centers, and growing awareness about early disease diagnosis in the region.

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Some of the key market players in the global in vitro diagnostics quality control market include Abbott Laboratories Inc., Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Siemens Healthineers, Randox Laboratories Ltd., Technopath Clinical Diagnostics, Fortress Diagnostics, Roche Diagnostics, Bio-Techne Corporation, Danaher Corporation, SeraCare Life Sciences Inc., Ortho-Clinical Diagnostics, Inc., Sysmex Corporation, and Helena Laboratories. These market players have been undertaking various strategic initiatives, such as mergers & acquisitions, collaborations, joint ventures, and new business deals, to strengthen their market positions.

In conclusion, the global in vitro diagnostics quality control market is expected to experience significant growth in the coming years, driven by the rising prevalence of chronic diseases, increasing demand for advanced and rapid diagnostic systems, and escalating demand for third-party IVD quality controls. However, the lack of technical expertise in quality control and assessment may restrain market growth to some extent.

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