About ivdIQ

ivdIQ develops new generation IVD approaches and software solutions for In Vitro Diagnostics market.

We serve a wide range of institutions beginning from local one-centered laboratories to multi-locational and mega labs.

Our products and services are based on data. They are supported by unique software solutions determined by the industry's current needs, needs of each laboratory and the necessities of the IVD future trends.

Laboratory services play a major role in the healthcare ecosystem and cover a significant proportion in the patient healthcare lifecycle. Accurate cost assessment of lab testing and the testing process is essential for cost-effective laboratory administration and correct resource allocation for all scales of laboratories.

Our total quality management approach focuses on essential key indicators such as Total Resource Management, Process Optimization and Performance Excellence to establish a cost-effective, assessable and measurable business flow.

The global in vitro diagnostics market size was valued at USD 83.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2021 to 2027. The growth can be attributed to the increasing adoption of in vitro diagnostics (IVD) owing to a rise in testing due to the pandemic.
*Resource: Grand View Research, In Vitro Diagnostics Market Size and Growth Report 2021-2027

The main driver behind this expectancy is the rise of geriatric population and subsequent growth in the prevalence of chronic and infectious diseases.
With age, the risk of developing diseases increases proportionately—for instance, nearly 80% of the elderly population in the US suffers from one chronic condition *Resource: Centers for Disease Control and Prevention

Hospitals hold the largest share in the market
Based on the end user, the market is broadly classified into hospital laboratories, laboratories, academics, point-of-care testing, patient self-testing and others. Hospital laboratories hold the largest share in the market. The largest share of this segment in the market can be attributed to the tremendous amount of diagnostic testing required to support a clinical decision enhancing patient recovery.  *Resource: marketsandmarkets.com

ivdIQ solutions focus on a KPI based laboratory management process.

On a modular software basis, we segment the solution oriented KPI’s under three main tiers. An entire laboratory resource management process can be configured under these tiers or can be tasked up in a modular way by using selected modules and data integretions.

50 different KPI’s are segmented under three main tiers:
Financial KPI’s (Budgeting and Cost Management)
Operational KPI’s (Efficieny and Process Management)
Medical KPI’s (Process Time and Requests)

These 50 different KPI’s are individually analyzed by ivdIQ software solutions.
For each KPI, targets are identified and assigned. Our software solutions are developed to screen and make a real time data follow-up of these predetermined target realizations.

Origin of this KPI based laboratory management solution is continous improvement, defining common targets, due diligence and ensuring that all units of a cooperation focus on mutual targets.