Clinical Laboratory Services Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

$ PRICE - $ 3,000.00$ 8,900.00

Clinical Laboratory Services Market by Test Type (Clinical Chemistry, Medical Cytology & Microbiology, Human & Tumor Genetics), service provider (Hospitals Based, Standalone Laboratories, Clinical Laboratories), application (Gene Therapy, Toxicological Study, Drug Discovery and Development, Pre-clinical & Clinical Trial Services, Others) and Geography (Latin America, North America, Asia Pacific, Middle East & Africa and Europe)

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

Report

Description

Clinical Laboratory Services Market size was valued at US$ 176.4 billion in 2021 and is projected to reach US$ 266.64 billion by 2028 at a CAGR of 5.3% during the forecast period 2022 to 2028. Clinical laboratory services are a very important part of the healthcare industry. These laboratories provide various services such as blood tests, diagnostic tests, and genetic tests for identifying the disease causes and play a major role in the drug discovery process. Furthermore, clinical laboratory services provide information and offer services to improve the efficiency of healthcare systems such as diagnostic and test reports. The revolution of genetic testing and biopharmaceuticals has led to the emergence of new diagnostic procedures that involve laboratory testing. In may 2017, LabCorp, has acquired Pathology Associates Medical Laboratories (PAML), a premier medical reverence laboratory and healthcare solution company of Washington, to expand its geographic presence. In September 2017, Quest Diagnostics, a leading provider of diagnostic information services entered into an agreement to acquire Shiel medical Laboratory business from Fresenius Medical Care, to expand its services. In June 2015, Laboratory Corporation of America Holdings and Sysmex Corporation entered into a strategic collaboration to develop blood-based molecular diagnostics tests to advance precision medicine. According to a 2018 World Health Organization (WHO) report, tuberculosis (TB) was one of the top ten causes of mortality worldwide. In 2018, 1.5 million people died from tuberculosis (including 251,000 people with HIV). For instance, in October 2017, Abbot Laboratories acquired Alere Inc., a leader in point of care diagnostics and clinical laboratory services provider to strengthen its product portfolio.

Clinical Laboratory Services Market

MARKET SUMMARY
-
5.3% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.3%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Clinical Laboratory Services Market Analysis

  • Global laboratory services market is expected to grow at significant rates owing to technological advancements in laboratory technologies.
  • For instance, microarrays and lab on chips are the revolutionary products that enabled the preparation of DNA and RNA or protein samples which can be analyzed in a single chip.
  • The market is highly competitive due to the presence of more number of market players present internationally and regionally. Companies in the market are acquiring other market players to expand their geographical reach and further increase their market share.
Market Leaders
  • Bio-Reference Laboratories Inc. (OPKO Health) (U.S.)
  • Alere, Inc. (Abbott Laboratories) (U.S.)
  • DaVita Healthcare Partners, Inc. U.S.)
  • Laboratory Corporation of America Holdings (U.S.)
  • Genomic Health, Inc. (U.S.)
  • Myriad Genetics, Inc. (U.S.)
  • Quest Diagnostics, Inc. (U.S.)
  • NeoGenomics, Inc. (U.S.)
Clinical Laboratory Services Market

Drivers and Restraints

Clinical laboratory services market is mainly driven by the prevalence of diseases such as cancer, infectious diseases and diabetes that require the clinical diagnosis of samples. In addition, growth in adoption of clinical service outsourcing and aging population who are more susceptible to the diseases expected to boost the market over the forecast period. Furthermore, technological advancements that led to speeding up the testing and diagnosis and introduction of advanced products such as microarrays and lab on chips are projected to bolster the market growth. The increase in demand for companion diagnostics also acting as driving factor for market growth. However, lack of skilled professionals and stringent regulatory procedures may impend the market over the forecast period.


Clinical Laboratory Services Market Regional Analysis

North America dominates the market

North America is expected to grow at significant rates owing to factors such as growing research and development in biotechnological field that requires clinical testing and presence and well-established healthcare infrastructure and growing prevalence of diseases such as cardiovascular diseases, cancer, and infectious diseases. Asia Pacific region is expected to have significant growth rate owing to factors such as developing healthcare infrastructure and increase in funding for R&D in the field of healthcare for developing new drugs and diagnosis of diseases. Europe is expected to grow at notable rates owing to the presence of many local and multinational players who are actively involving in acquisitions and mergers to increase their market share. Furthermore, growing aging population in this region who are susceptible to the diseases may drive the market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Clinical Laboratory Services Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

  1. Executive Summary
  2. Global Clinical Laboratory Services Market Introduction
    • Global Clinical Laboratory Services Market – Taxonomy
    • Global Clinical Laboratory Services Market –Definitions
      • Test Type
      • Service Provider
      • Application
  1. Global Clinical Laboratory Services Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Clinical Laboratory Services Market Dynamic Factors – Impact Analysis
    • Global Clinical Laboratory Services Market – Competition Landscape
    • Epidemiology
  2. Global Clinical Laboratory Services Market Analysis,2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Clinical Laboratory Services Market, By Test Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Clinical Chemistry
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Medical Cytology & Microbiology
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Human & Tumor Genetics
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Clinical Laboratory Services Market Forecast, By Service Provider,2015 – 2019 and Forecast, 2020 – 2026
    • Hospitals Based
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Standalone Laboratories
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clinical Laboratories
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Clinical Laboratory Services Market Forecast, By Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Gene Therapy
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Toxicological Study
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Drug Discovery and Development
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pre-clinical & Clinical Trial Services
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Clinical Laboratory Services Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Clinical Laboratory Services Market – Opportunity Analysis Index, By Test Type, By Service Provider, By Application ,and Region, 2020 – 2026
  2. North America Clinical Laboratory Services MarketAnalysis,2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Test Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Clinical Chemistry
      • Medical Cytology & Microbiology
      • Human & Tumor Genetics
    • Service Provider Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals Based
      • Standalone Laboratories
      • Clinical Laboratories
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Gene Therapy
      • Toxicological Study
      • Drug Discovery and Development
      • Pre-clinical & Clinical Trial Services
      • Others
    • Country Analysis 2016 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Clinical Laboratory Services Market – Opportunity Analysis Index, By Test Type, By Service Provider, By Application ,and Country, 2020 – 2026
    • North America Clinical Laboratory Services Market Dynamics – Trends
  3. Europe Clinical Laboratory Services Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Test Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Clinical Chemistry
      • Medical Cytology & Microbiology
      • Human & Tumor Genetics
    • Service Provider Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals Based
      • Standalone Laboratories
      • Clinical Laboratories
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Gene Therapy
      • Toxicological Study
      • Drug Discovery and Development
      • Pre-clinical & Clinical Trial Services
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Clinical Laboratory Services Market – Opportunity Analysis Index, By Test Type, By Service Provider, By Application ,and Country, 2020 – 2026
    • Europe Clinical Laboratory Services Market Dynamics – Trends
  4. Asia-Pacific Clinical Laboratory Services Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Test Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Clinical Chemistry
      • Medical Cytology & Microbiology
      • Human & Tumor Genetics
    • Service Provider Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals Based
      • Standalone Laboratories
      • Clinical Laboratories
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Gene Therapy
      • Toxicological Study
      • Drug Discovery and Development
      • Pre-clinical & Clinical Trial Services
      • Others
    • Country Analysis2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Clinical Laboratory Services Market – Opportunity Analysis Index, By Test Type, By Service Provider, By Application ,and Country, 2020 – 2026
    • Asia-Pacific Clinical Laboratory Services Market Dynamics – Trends
  5. Latin America Clinical Laboratory Services Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Test Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Clinical Chemistry
      • Medical Cytology & Microbiology
      • Human & Tumor Genetics
    • Service Provider Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals Based
      • Standalone Laboratories
      • Clinical Laboratories
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Gene Therapy
      • Toxicological Study
      • Drug Discovery and Development
      • Pre-clinical & Clinical Trial Services
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Clinical Laboratory Services Market – Opportunity Analysis Index, By Test Type, By Service Provider, By Application ,and Country, 2020 – 2026
    • Latin America Clinical Laboratory Services Market Dynamics – Trends
  6. Middle East and Africa Clinical Laboratory Services Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Test Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Clinical Chemistry
      • Medical Cytology & Microbiology
      • Human & Tumor Genetics
    • Service Provider Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals Based
      • Standalone Laboratories
      • Clinical Laboratories
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Gene Therapy
      • Toxicological Study
      • Drug Discovery and Development
      • Pre-clinical & Clinical Trial Services
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Clinical Laboratory Services Market – Opportunity Analysis Index, By Test Type, By Service Provider, By Application ,and Country, 2020 – 2026
    • MEA Clinical Laboratory Services Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Test Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Bio-Reference Laboratories Inc. (OPKO Health) (U.S.)
      • Alere, Inc. (Abbott Laboratories) (U.S.)
      • DaVita Healthcare Partners, Inc. U.S.)
      • Laboratory Corporation of America Holdings (U.S.)
      • Genomic Health, Inc. (U.S.)
      • Myriad Genetics, Inc. (U.S.)
      • Quest Diagnostics, Inc. (U.S.)
      • NeoGenomics, Inc. (U.S.)
      • Siemens Healthineers (Siemens AG) (Germany)
      • Spectra Laboratories (Fresenius Medical) (Germany)
      • SYNLAB Group (Germany)
      • Sonic Healthcare Limited (Australia)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Disclaimer

The above mentioned segmentation is tentative; it is changed according to client’s requirement, or research feasibility.


Report

Company Profile

  • Bio-Reference Laboratories Inc. (OPKO Health) (U.S.)
  • Alere, Inc. (Abbott Laboratories) (U.S.)
  • DaVita Healthcare Partners, Inc. U.S.)
  • Laboratory Corporation of America Holdings (U.S.)
  • Genomic Health, Inc. (U.S.)
  • Myriad Genetics, Inc. (U.S.)
  • Quest Diagnostics, Inc. (U.S.)
  • NeoGenomics, Inc. (U.S.)
  • Siemens Healthineers (Siemens AG) (Germany)
  • Spectra Laboratories (Fresenius Medical) (Germany)
  • SYNLAB Group (Germany)
  • Sonic Healthcare Limited (Australia)

Description

Clinical Laboratory Services Market size was valued at US$ 176.4 billion in 2021 and is projected to reach US$ 266.64 billion by 2028 at a CAGR of 5.3% during the forecast period 2022 to 2028. Clinical laboratory services are a very important part of the healthcare industry. These laboratories provide various services such as blood tests, diagnostic tests, and genetic tests for identifying the disease causes and play a major role in the drug discovery process. Furthermore, clinical laboratory services provide information and offer services to improve the efficiency of healthcare systems such as diagnostic and test reports. The revolution of genetic testing and biopharmaceuticals has led to the emergence of new diagnostic procedures that involve laboratory testing. In may 2017, LabCorp, has acquired Pathology Associates Medical Laboratories (PAML), a premier medical reverence laboratory and healthcare solution company of Washington, to expand its geographic presence. In September 2017, Quest Diagnostics, a leading provider of diagnostic information services entered into an agreement to acquire Shiel medical Laboratory business from Fresenius Medical Care, to expand its services. In June 2015, Laboratory Corporation of America Holdings and Sysmex Corporation entered into a strategic collaboration to develop blood-based molecular diagnostics tests to advance precision medicine. According to a 2018 World Health Organization (WHO) report, tuberculosis (TB) was one of the top ten causes of mortality worldwide. In 2018, 1.5 million people died from tuberculosis (including 251,000 people with HIV). For instance, in October 2017, Abbot Laboratories acquired Alere Inc., a leader in point of care diagnostics and clinical laboratory services provider to strengthen its product portfolio.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX