Global Clinical Laboratory Services Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Clinical Laboratory Services Market, By Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Independent and Reference Laboratories, Hospital-Based Laboratories and Nursing and Physician Office-Based Laboratories), Application (Drug Discovery Related Services, Drug Development Related Services, Bioanalytical and Lab Chemistry Services, Toxicology Testing Services, Cell and Gene Therapy Related Services, Preclinical and Clinical Trial Related Services and Other Clinical Laboratory Services), Service Type (Routine Testing Services, Esoteric Services And Anatomic Pathology Services) – Industry Trends and Forecast to 2029.

Clinical Laboratory Services Market

Market Analysis and Size

Clinical pathology tests are carried out on collected clinical specimens in a clinical laboratory for obtaining information regarding patient’s health. The tests are done to aid in the diagnosis, prevention, and treatment of diseases.

  • Clinical laboratory services rely on technologically advanced testing kits and devices for reducing human error and offering reliable results. Global Clinical Laboratory Services Market was valued at USD 256,896.06 million in 2021 and is expected to reach USD 476,621.7 million by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

A clinical laboratory has a crucial role in the healthcare system as it provides a wide range of services, including the diagnosis, treatment, prevention and management of patients. These services are helpful to healthcare professionals in personalizing medicines and medical decision-making based on the individuals’ needs and illness.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Forecast Period

2022 - 2029

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Independent and Reference Laboratories, Hospital-Based Laboratories and Nursing and Physician Office-Based Laboratories), Application (Drug Discovery Related Services, Drug Development Related Services, Bioanalytical and Lab Chemistry Services, Toxicology Testing Services, Cell and Gene Therapy Related Services, Preclinical and Clinical Trial Related Services and Other Clinical Laboratory Services), Service Type (Routine Testing Services, Esoteric Services And Anatomic Pathology Services)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Mayo Foundation for Medical Education and Research (MFMER) (US), Laboratory Corporation of America Holding (US), Quest Diagnostics Incorporated (US), DaVita Inc. (US), Eurofins Scientific (France), SYNLAB International GmbH (Germany), H.U. Groups Holdings, Inc. (Tokyo), Sonic Healthcare (Australia), ACM Global Laboratories (India), Amedes Holding GmbH (Germany), LifeLabs (Canada), Abbott (US), Charles River (US), Siemens Healthineers AG (Germany), BioReference Laboratories, Inc. (US), NeoGenomics Laboratories, Inc. (US), KingMed Diagnostics (China), Genomic Health (US), and ARUP Laboratories (US)

 

Clinical Laboratory Services Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Burden of Target Diseases

The rise in the burden of the target diseases, including tuberculosis, diphtheria, poliomyelitis, and measles, among others, acts as one of the major factors driving the growth of clinical laboratory services market.

  • Stringent Regulatory Framework

The surge in the demand for laboratory services compliant with regulatory standards accelerate the market growth.

  • Surge in Investments

The surge in public-private investments, and research funding and grants for developing innovative laboratory testing procedures further influence the market.

Opportunities

Furthermore, adoption of digital pathology platforms extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in preference for comprehensive health checkups offered by clinical laboratories will further expand the market.

Restraints/Challenges

On the other hand, pricing pressure faced by healthcare payers and providers and shift from lab-based diagnosis to home-based/point-of-care testing procedures are expected to obstruct market growth. Also, public concerns related to data security and privacy are projected to challenge the clinical laboratory services market in the forecast period of 2022-2029.

This clinical laboratory services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on clinical laboratory services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Clinical Laboratory Services Market

Covid-19 had a positive impact on laboratory services market. The increase in the number of COVID-19 accelerated the demand for laboratory services. Clinical laboratory services are essential in clinical decision making for numerous infectious diseases treatment procedures.

Recent Development

  • KeyOptions launched the Virolens COVID-19 screening test in September’2020. The test is based on a nano-cellular microscope after securing its commercial rights from Virolens.
  • In July 2021, Deep Bio, a leading company in artificial intelligence (AI) cancer diagnostics, announced a research collaboration agreement with ARUP Laboratories, a top U.S. reference laboratory and worldwide leader in innovative laboratory research and development .This Collaboration is benefitted the company in terms of usage of artificial intelligence in diagnostics of cancer.

Global Clinical Laboratory Services Market Scope and Market Size

The clinical laboratory services market is segmented on the basis of specialty, provider, application and service type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Specialty

  • Into Clinical Chemistry Testing
  • Hematology Testing
  • Microbiology Testing
  • Immunology Testing
  • Drugs of Abuse Testing
  • Cytology Testing
  • Genetic Testing

On the basis of specialty, the market is segmented into clinical chemistry testing, hematology testing, microbiology testing, immunology testing, drugs of abuse testing, cytology testing and genetic testing.

Provider

  • Independent and Reference Laboratories
  • Hospital-Based Laboratories
  • Nursing and Physician Office-Based Laboratories

On the basis of provider, the market is segmented into independent and reference laboratories, hospital-based laboratories and nursing and physician office-based laboratories.

Application

  • Drug Discovery Related Services
  • Drug Development Related Services
  • Bioanalytical and Lab Chemistry Services
  • Toxicology Testing Services
  • Cell and Gene Therapy Related Services
  • Preclinical and Clinical Trial Related Services
  • Other Clinical Laboratory Services

On the basis of application, the market is segmented into drug discovery related services, drug development related services, bioanalytical and lab chemistry services, toxicology testing services, cell and gene therapy related services, preclinical and clinical trial related services and other clinical laboratory services.

Service Type

  • Routine Testing Services
  • Esoteric Services
  • Anatomic Pathology Services

On the basis of service type, the market is segmented into routine testing services, esoteric services and anatomic pathology services.

Clinical Laboratory Services Market Regional Analysis/Insights

The clinical laboratory services market is analysed and market size insights and trends are provided by country, specialty, provider, application and service type as referenced above.

The countries covered in the clinical laboratory services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the clinical laboratory services market because of the increase in need for support from clinical laboratory services for efficient treatment and patient care within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growing unmet medical needs increasing scientific research in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The clinical laboratory services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for clinical laboratory services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the clinical laboratory services market. The data is available for historic period 2010-2020.

Competitive Landscape and Clinical Laboratory Services Market Share Analysis

The clinical laboratory services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to clinical laboratory services market.

Some of the major players operating in the clinical laboratory services market are Mayo Foundation for Medical Education and Research (MFMER) (US), Laboratory Corporation of America Holding (US), Quest Diagnostics Incorporated (US), DaVita Inc. (US), Eurofins Scientific (France), SYNLAB International GmbH (Germany), H.U. Groups Holdings, Inc. (Tokyo), Sonic Healthcare (Australia), ACM Global Laboratories (India), Amedes Holding GmbH (Germany), LifeLabs (Canada), Abbott (US), Charles River (US), Siemens Healthineers AG (Germany), BioReference Laboratories, Inc. (US), NeoGenomics Laboratories, Inc. (US), KingMed Diagnostics (China), Genomic Health (US), and ARUP Laboratories (US) among others.

Research Methodology : Global Clinical Laboratory Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available : Global Clinical Laboratory Services Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Clinical Laboratory Services Market will be projected to grow at a CAGR of 7.50% during the forecast period of 2022 to 2029.
The Clinical Laboratory Services Market will be projected USD 476,621.7 million during the forecast period of 2022 to 2029.
The Rise in the Burden of the Target Diseases, surge in the demand for laboratory services and surge in public-private investments are the major factors expected to boost the growth of the Clinical Laboratory Services Market.
The Major Players Operating in the Clinical Laboratory Services Market are Mayo Foundation for Medical Education and Research (MFMER) (US), Laboratory Corporation of America Holding (US), Quest Diagnostics Incorporated (US), DaVita Inc. (US), among others.
The Countries Covered in the Clinical Laboratory Services Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.