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The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
A Benchmarking System to Spark Companies to Action—Innovation That Fuels New Deal Flow and Growth Pipelines
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Full product development IVD CMO comprises companies that partner with OEMs and support them in the development of IVD devices, ranging from concept to commercialization. IVD companies are continuously looking at new ways to optimize resources due to rising cost pressures and regulatory complexities, prompting industry participants to adopt innovative, integrated business models. CMOs are positioning themselves as one-stop-shop solution providers as opposed to the traditional functional service provider model, creating a mutually beneficial symbiotic relationship between OEMs and CMOs in the IVD industry. The IVD contract manufacturing market is highly fragmented, and witnessed a growth rate of 8.5% in 2019. Frost & Sullivan expects this segment to change significantly over the next few years since the majority of large IVD OEMs are focused on assay development, which is facing competition and capacity constraints due to stringent quality and regulatory requirements, strict delivery timelines, the need for good manufacturing practices, and delivery scale. OEMs are also increasingly outsourcing the design and manufacturing of instruments that perform diagnostics tests, heightening the competition among IVD CMOs to provide holistic services.OEMs face challenges in meeting the rising demand for assays, reagents, and kits for COVID-19 testing, in turn, placing pressure on CMOs to scale up production of automated instruments with high throughput. The key strategic imperative for IVD instrument CMOs is to develop capabilities to manufacture simple, rapid, miniature, easy to use, automated, decentralized, and connected next-generation IVD devices with higher throughput rates to meet the ever-rising test demand. This is expected to boost competition among IVD CMOs to provide holistic services and become strategic partners to OEMs. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores, as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.Author: Surbhi Gupta
Global Tissue Diagnostics (TDx) Growth Opportunities
Kingdom of Saudi Arabia Paints & Coatings Growth Opportunities
Global Bio-based Coatings, Adhesives, and Sealants (CAS) Growth Opportunities
Frost Radar™: Non-Invasive Prenatal Testing, Global, 2021
Global Fire Protection Coatings Growth Opportunities
Global 3D Printing Materials Growth Opportunities
Global Pharmaceutical Packaging Materials Growth Opportunities
Global Li-ion Battery Materials Growth Opportunities
Global Digital Health Solutions for Behavioral Health Management Growth Opportunities
Western European Protective Footwear Growth Opportunities
smart grid market
3d printer market share
nanophotonic equipment market
commercial aviation market
cardiovascular devices market
health supplement market
natural gas market
wireless charging market
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