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I did install Stud.io, so that may be the case. But my problem rests with the fact that when I export as a LDraw file, and place the file into the sets subfolder and boot up the game to import the file. When I go to import the file into the game, the file doesn't appear, would that mean I need LDraw for sure?

Once you have an .ldr file, you don't need LDraw anymore. Are you placing it in the correct folder? The directory is shown in the "Import Set"-window. You might have to create the "Sets" folder first. It's not the "Sets" folder in the "Content" folder.