Clinical Laboratory Industry Will Grow Rapidly In Coming Years

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The global clinical laboratory markets combine to account for USD 321.20 billion in revenue in 2022, which is expected to reach USD 493.72 billion by 2030, growing at a cumulative rate of 5.52% over the forecast period.

Clinical Laboratory Industry Data Book Covers Clinical Laboratory Tests and Clinical Laboratory Service Markets.

The global clinical laboratory markets combine to account for USD 321.20 billion in revenue in 2022, which is expected to reach USD 493.72 billion by 2030, growing at a cumulative rate of 5.52% over the forecast period.

Grand View Research’s clinical laboratory industry data book is a collection of market sizing forecasts insights, regulatory technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the database, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.

Clinical Laboratory Tests Market Insights

The global clinical laboratory tests market size was estimated at USD 103.67 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030.

The HbA1c tests segment held the largest share of market in 2022. The rise in the patient population with diabetes and cholesterol abnormalities is anticipated to propel segment growth, as patients with fluctuations in HbA1c face an increased risk of complications related to diabetes. Moreover, the launch of newer laboratory tests is expected to further propel the market growth.

The primary clinics segment held the largest share of the clinical laboratory tests market in 2022. Primary clinics include standalone laboratories, laboratories in physician clinics primary healthcare centers receiving samples directly from physicians, clinical research centers, and insurance companies. The test is made available to patients immediately with ease and the result is obtained quickly by the care team, physician, and patients, enabling them to take clinical management decisions spontaneously.

Access the Global Clinical Laboratory Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies

Clinical Laboratory Service Market Insights

The global clinical laboratory service market size was estimated at USD 217.53 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 2023 to 2030.

The clinical chemistry segment accounted for the largest revenue share of more than 55.00% in 2022. The dominance of the segment is attributed to the presence of numerous clinical chemistry tests involved in the pathology analysis of body fluids, including analysis of urine, plasma, serum, and other body fluids.

Increasing automation to enhance customer experience is gaining traction in the segment. The human tumor genetics tests segment is expected to register the fastest CAGR of 6.8% during the forecast period. This can be attributed to a rise in intensive research activities on genetic proteomic studies, in the context of hereditary gene-mutation-related disorders. 

The hospital-based laboratories segment held the largest revenue share of more than 53.7 in 2022 and is expected to grow at the fastest CAGR over the forecast period. This is attributed to the high turnaround number of patients’ tests majorly for complex and severe disease conditions that are comparatively more cost-intensive. It is expected to maintain its dominance owing to the increasing number of hospitals integrating laboratories into their premises.

This would help in increasing patient access to laboratory services. The standalone laboratories segment is expected to show a steady CAGR of 2.2% over the forecast period due to efforts to improve patient outcomes by providing diagnostic facilities at the retail level.

The bioanalytical lab chemistry services segment accounted for the largest revenue share of more than 52.0% in 2022. Bioanalytical lab chemistry laboratories use a wide range of techniques and technology platforms to fulfill diagnostic needs. ELISA, chromatography, immunochemistry, mass spectroscopy, and molecular biology are the most commonly used technologies in bioanalytical lab chemistry applications.

 

Clinical Laboratory Market – Global Industry Segmentation

 

Clinical Laboratory Industry, By Clinical Laboratory Tests

 

  • Clinical Laboratory Tests Market, By Test Type
    1. Complete Blood Count
    2. HGB/HCT Tests
    3. Basic Metabolic Panel
    4. BUN Creatinine Tests
    5. Electrolytes Testing
    6. HbA1c Tests
    7. Comprehensive Metabolic Panel Tests
    8. Liver Panel Tests
      1. Hepatitis
      2. Bile Duct Obstruction
      3. Liver Cirrhosis
      4. Liver Cancer
      5. Bone Disease
      6. Autoimmune Disorders
      7. Others
    9. Renal Panel Tests
    10. Lipid Panel Tests
    11. Others
  • Clinical Laboratory Tests Market, By End Use
    1. Primary Clinics
      1. Complete Blood Count
      2. HGB/HCT Tests
      3. Basic Metabolic Panel
      4. BUN Creatinine Tests
      5. Electrolytes Testing
      6. HbA1c Tests
      7. Comprehensive Metabolic Panel Tests
      8. Liver Panel Tests
      9. Renal Panel Tests
      10. Lipid Panel Tests
      11. Others
    2. Central Laboratories
      1. Complete Blood Count
      2. HGB/HCT Tests
      3. Basic Metabolic Panel
      4. BUN Creatinine Tests
      5. Electrolytes Testing
      6. HbA1c Tests
      7. Comprehensive Metabolic Panel Tests
      8. Liver Panel Tests
      9. Renal Panel Tests
      10. Lipid Panel Tests
      11. Others

 

Clinical Laboratory Industry, By Clinical Laboratory Service

  • Clinical Laboratory Service Market, By Test Type
    1. Human Tumor Genetics
    2. Clinical Chemistry
    3. Medical Microbiology Cytology
    4. Other Esoteric Tests
  • Clinical Laboratory Service Market, By Service Providers
    1. Hospital-Based Laboratories
    2. Stand-Alone Laboratories
    3. Clinic-Based Laboratories
  • Clinical Laboratory Service Market, By Service Providers
    1. Bioanalytical Lab Chemistry Services
    2. Toxicology Testing Services
    3. Cell Gene Therapy Related Services
    4. Preclinical Clinical Trial Related Services
    5. Drug Discovery Development Related Services
    6. Other Clinical Laboratory Services

 

Order your copy of the Free Sample of “Clinical Laboratory Industry Data Book - Clinical Laboratory Tests and Clinical Laboratory Service Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Clinical Laboratory Industry Data Book Regional Outlook

  • North America
  1. U.S.
  2. Canada
  • Europe
  1. UK
  2. Germany
  3. France
  4. Italy
  5. Spain
  6. Denmark
  7. Norway
  8. Sweden
  9. Rest of Europe
  • Asia Pacific
  1. China
  2. Japan
  3. India
  4. South Korea
  5. Australia
  6. Singapore
  7. Thailand
  8. Rest of APAC
  • Latin America
  1. Brazil
  2. Mexico
  3. Argentina
  4. Rest of Latin America
  • Middle East Africa (MEA)
  1. South Africa
  2. Saudi Arabia
  3. UAE
  4. Kuwait
  5. Rest of MEA

Clinical Laboratory Industry Data Book Competitive Landscape

Competitive rivalry in this market is to be high due to a large number of service providers, increasing number of contract research organizations, and high RD investment to develop novel tests for different healthcare applications.

Key players operating in the clinical laboratory industry are –

  • Abbott
  • ARUP Laboratories
  • OPKO Health, Inc.
  • Bioscientia Healthcare GmbH
  • Charles River Laboratories
  • NeoGenomics Laboratories
  • Healthscope
  • Labco
  • Laboratory Corporation of America Holdings
  • Fresenius Medical Care AG Co. KGaA
  • QIAGEN
  • Quest Diagnostics Incorporated
  • Siemens Healthcare GmbH
  • Tulip Diagnostics (P) Ltd
  • Sonic Healthcare Limited
  • Merck KGaA
  • Biosino Bio-Technology and Science Inc.
  • Cinven, DaVita Inc.
  • SGS Société Générale de Surveillance SA
  • Almac Group

Go through the table of content of Clinical Laboratory Industry Data Book to get a better understanding of the Coverage Scope of the study

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