Molecular Quality Controls Market

LGC Limited (UK), Thermo Fisher Scientific, Inc. (US) and Bio-Rad Laboratories, Inc. (US) are the Prominent Players in the Molecular Quality Controls Market

The molecular quality controls market size is expected to grow from USD 164 million in 2021 to USD 226 million by 2026, at a CAGR of 6.7% during the forecast period. The growth of this market is primarily driven by factors such as the rising adoption of third-party quality controls, increasing number of accredited clinical laboratories, the rising demand for external quality assessment support, increasing government funding to support genomics projects, increasing demand for personalized medicines and declining costs of sequencing procedures and increasing prevalence of infectious diseases, cancer & genetic diseases.

The prominent players in the molecular quality controls market are F. Hoffmann-La Roche Ltd. (Switzerland), Bio-Rad Laboratories, Inc. (US), Thermo Fisher Scientific, Inc. (US), Randox Laboratories Ltd. (UK), LGC Limited (UK), Abbott Laboratories (US), Fortress Diagnostics (UK), SERO AS (Norway), Anchor Molecular (US), Ortho-Clinical Diagnostics, Inc. (US), Quidel Corporation (US), Sun Diagnostics, Seegene Inc. (South Korea), ZeptoMetrix, LLC (US), Qnostics (UK), Bio-Techne Corporation (US), Microbiologics, Inc. (US), Microbix Biosystems Inc. (Canada), SpeeDx Pty. Ltd. (Australia), Maine Molecular Quality Controls, Inc. (US), and Grifols, S.A. (Spain).

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LGC Limited (UK) held the leading position in the molecular quality controls market. The company provides a wide range of quality controls and reference materials under its flagship brands ACCURUN and Seraseq. The company also offers customer support services, technical support, and training for its diagnostic kits to various end users. SeraCare provides assurance in test results for oncology, non-invasive prenatal testing, and infectious disease identification with its advanced quality control technology. The company is focusing on organic strategies such as product launches to maintain and increase its share in the market. In the past three years, SeraCare launched 19 new molecular quality control materials under its brand name Seraseq and AccuPlex. In June 2021, LGC SeraCare expanded its line of SARS-CoV-2 molecular quality solutions to include AccuPlex SARS-CoV-2 Variant Panel 1. These product launches helped the company in strengthening its presence in the molecular quality controls market.

Thermo Fisher Scientific, Inc. held the second position in the global molecular quality controls market. The company is a leading provider of molecular quality control products. The company offers a robust portfolio of quality controls for clinical chemistry, molecular control, microbiology, serology, serum toxicology testing, specimen validity testing, and therapeutic drug monitoring (TDM). With its strong geographic presence and wide distribution networks, the company has established itself as a leader in the global molecular quality controls market. To sustain its leading position and further increase its share in the market, the company focuses on organic and inorganic growth strategies. Thermo Fisher assisted with the pandemic response by quickly developing the Applied Biosystems TaqPath COVID-19 Combo Kit. This kit was granted emergency use authorization in the US in March 2020, followed by similar authorizations worldwide. The company launched the Thermo Fisher Scientific COVID-19 product line, which greatly increased its inventory of COVID-19-related items. The company invested USD 1.20 billion in R&D to deliver newer technologies by creating reliable and innovative products.

Bio-Rad Laboratories held the third position in the molecular quality controls market. The company supplies more than 3,000 products covering more than 300 clinical diagnostic tests. It has a wide range of product offerings for the Life Science and Clinical Diagnostics segments. To maintain its leading position in this market, the company has adopted inorganic growth strategies such as partnerships and acquisitions. The company focuses on inorganic growth strategies to diversify its product portfolio. For instance, in May 2021, Bio-Rad entered a global partnership with Roche Diagnostics (Switzerland) to provide their customers access to Bio-Rad’s complete line of InteliQ products and Unity QC data management solutions along with customer training and support services. Similarly, in February 2020, the company acquired Exact Diagnostics (US) to access a comprehensive catalog of molecular quality control products in transplant, respiratory, virology, microbiology, sexually transmitted infections, and vector-borne diseases.

Related Reports:

Molecular Quality Controls Market by Product (Independent, Instrument Specific (PCR, DNA Sequencing)), Application (Infectious Diseases Diagnostic), Analyte Type, End User (Hospitals, Diagnostic Lab) – Global Forecast to 2026

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Report Code
MD 6900
RI Published ON
2/14/2022
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