Product Code: CMI87
Global clinical laboratory services market is estimated to be valued at USD 280.10 Bn in 2024 and is expected to reach USD 435.11 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 280.10 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
6.50% |
2031 Value Projection: |
US$ 435.11 Bn |
Figure. Clinical Laboratory Services Market Share (%), By Region 2024
Global clinical laboratory services market is witnessing growth due to rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases. Growing geriatric population who are prone to developing such health conditions has boosted demand for diagnostic tests across the world. Furthermore, technological advancements in various diagnostic modalities like molecular diagnostics, clinical chemistry testing, medical microbiology, and hematology have enabled accurate and efficient testing procedures. Rapid automation in clinical laboratories and point-of-care testing have expanded access to diagnostics. Various governments support laboratory infrastructure development through public-private partnerships. However, high cost of diagnostic equipment and lack of skilled professionals in developing nations can hamper the market growth.
Market Dynamics:
Global clinical laboratory services market growth is driven by rising geriatric population globally that requires frequent medical tests for various age-related health issues. Furthermore, increasing prevalence of lifestyle diseases such as cancer, diabetes, cardiovascular diseases have significantly boosted demand for clinical pathology services. High cost of diagnostic equipment, reagents, and maintenance can hamper its widespread adoption, especially in price-sensitive developing markets. Moreover, lack of requisite skilled professionals can pose challenge for clinical laboratories in low and middle-income countries. Growing adoption of automation, robotics, and point-of-care testing devices can offer new market growth opportunities. Technological advancements enable more accurate and faster diagnosis, thus, driving the market growth.
Key Features of the Study:
- This report provides in-depth analysis of the global clinical laboratory services market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global clinical laboratory services market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Quest Diagnostics, Sonic Healthcare Ltd., Eurofins Scientific, Biomnis, SYNLAB International, and KingMed Diagnostics
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global clinical laboratory services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global clinical laboratory services market
Detailed Segmentation-
- By Test Type
- Clinical Chemistry
- Medical Microbiology
- Hematology Testing
- Immunology Testing
- Cytology Testing
- Drug of Abuse Testing
- Other Esoteric Test
- By Service Provider
- Hospital-Based Laboratories
- Stand-Alone Laboratories
- Clinic-Based Laboratories
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Quest Diagnostics Incorporated
- Sonic Healthcare
- LabCorp (Laboratory Corporation of America Holdings)
- Bio-Reference Laboratories
- Mayo Medical Laboratories
- Eurofins Scientific
- Synlab International GmbH
- Merieux NutriSciences
- Cerba Healthcare
- Unilabs
- BioReliance (Merck KGaA)
- ACM Medical Laboratory
- Adicon Clinical Laboratories
- Arup Laboratories
- Abbott Laboratories
- Charles River Laboratories
- Neogenomics Laboratories
- Genomic Health
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Test Type
- Market Snapshot, By Service Provider
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Acquisitions and Partnerships Scenario
- Funding and Investments
- PEST Analysis
- Porter's Analysis
4. Global Clinical Laboratory Services Market - Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the Market
5. Global Clinical Laboratory Services Market, By Test Type, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Clinical Chemistry
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Medical Microbiology
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Hematology Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Immunology Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Cytology Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Drug of Abuse Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Other Esoteric Test
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Clinical Laboratory Services Market, By Service Provider, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospital-Based Laboratories
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Stand-Alone Laboratories
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Clinic-Based Laboratories
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Clinical Laboratory Services Market, By Region, 2019 - 2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Bn)
- North Africa
- Central Africa
- South Africa
8. Competitive Landscape
- Company Profiles
- Quest Diagnostics Incorporated
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Sonic Healthcare
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- LabCorp (Laboratory Corporation of America Holdings)
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Bio-Reference Laboratories
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Mayo Medical Laboratories
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Eurofins Scientific
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Synlab International GmbH
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Merieux NutriSciences
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Cerba Healthcare
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Unilabs
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- BioReliance (Merck KGaA)
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- ACM Medical Laboratory
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Adicon Clinical Laboratories
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Arup Laboratories
- Abbott Laboratories
- Charles River Laboratories
- Neogenomics Laboratories
- Genomic Health
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Reference and Research Methodology
- References
- Research Methodology
- About us and Sales Contact