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Global Clinical Laboratory Services Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Mar 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Clinical Laboratory Services Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 7.5% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 276163.26 Billion
Diagram Market Size (Forecast Year) USD 492531.06 Billion
Diagram CAGR 7.5%

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), Test Type (Human and Tumor Genetics, Clinical Chemistry), Provider (Independent and Reference Laboratories, Standalone, 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 2030.

Clinical Laboratory Services Market

Clinical Laboratory Services Market Analysis and Size

According to a WHO report, approximately 10 million individuals worldwide had tuberculosis as of 2021, with 5.6 million men, 3.3 million women, and 1.1 million children among them. The increasing prevalence of this disorder is predicted to raise the demand for clinical services, which will fuel the market's expansion. Furthermore, an increased demand for clinical diagnostics is anticipated due to the increased cancer burden. For instance, according to Globocan Statistics 2020, there were 19.3 million new instances of cancer worldwide, accounting for both sexes. The number of new cancer cases in both sexes is predicted to reach 30.2 million by 2040. 

Data Bridge Market Research analyses that the clinical laboratory services market, which was USD 276,163.26 million in 2022, is expected to reach USD 492,531.06 million by 2030, at a CAGR of 7.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Clinical Laboratory Services Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

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), Test Type (Human and Tumor Genetics, Clinical Chemistry), Provider (Independent and Reference Laboratories, Standalone, 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

Abbott (U.S.), ARUP Laboratories (U.S.), OPKO Health, Inc. (U.S.), Bioscientia Healthcare GmbH (Germany), Charles River Laboratories (U.S.), NeoGenomics Laboratories (U.S.), Genoptix, Inc. (U.S.), Healthscope (Australia), The Laboratory Glassware Co. (U.S.), Laboratory Corporation of America Holdings (U.S.), Fresenius Medical Care AG & Co. KGaA (Germany), QIAGEN (Germany), Quest Diagnostics Incorporated (U.S.), Siemens Healthcare Private Limited (Germany), Tulip Diagnostics (P) Ltd. (India), Sonic Healthcare Limited (Australia), Merck KGaA (Germany)

Market Opportunities

  • Independent and reference laboratories is expected to register healthy growth

Market Definition

A clinical laboratory is essential to the healthcare system because it provides many services, including patient diagnosis, prevention, treatment, and management. These services assist medical professionals in personalizing medications based on the needs and conditions of patients. Clinical laboratory services use cutting-edge equipment and test kits to minimize human error and deliver accurate findings.

Clinical Laboratory Services Market Dynamics

Drivers

  • Strategic partnerships and collaborations will drive the market growth

Independent labs are consolidating as industry players focus on forging strategic partnerships and alliances to encourage market expansion. CENTOGENE, a significant provider of COVID-19 testing in Germany, worked with U-Diagnostics, a Dutch diagnostic laboratory, in October 2020 to expand COVID testing services throughout the Netherlands. In July 2020, Targos Molecular Pathology and HistoCyte Laboratories announced a partnership with Diaceutics PLC to improve and scale up diagnostic testing services across 2,500 labs. Targos Molecular Pathology focuses on diagnostic network solutions for developing and commercializing precision medicine diagnostics. These changes have led to growth in the clinical laboratory services market.

  • An increase in the geriatric population will drive the market growth

Life expectancy has increased significantly, particularly in developed nations, due to access to better healthcare facilities. There are now more senior citizens as a result. WHO projected 524 million people, or 8% of the world's population, were 65 or older in 2010. By 2050, this number is projected to triple, reaching 1.5 billion older adults, or 16% of the world's population. As the number of older people has increased, the cases of age-related illnesses also increase. As a result, more clinical tests are being conducted annually. These are the certain factors that propel the market growth.

Opportunities

  • Independent and reference laboratories are expected to register healthy growth

Independent labs have a great chance of success in densely populated and developing countries such as China and India, where many of the population lacks access to suitable medical diagnostic facilities. They can fill a significant gap in clinical service providers in these areas. In 2021 NeoGenomics Laboratories, Inc. developed an Amgen-sponsored testing laboratory to offer qualifying lung cancer patients free single-gene molecular testing for the biomarker KRAS G12C. The business is now better able to provide single-gene molecular testing because of this launch.

Restraints/Challenges

  • Lack of diagnostic tests will hinder the market growth

A lack of diagnostic testing can hamper the market expansion during the forecast period. The regulatory framework for approvals has consistently been a major factor that impedes the market growth rates of the biotechnology, pharmaceutical, and medical technology industries. This reduces the number of tests conducted, impacting the market growth rate.

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 the 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.

Recent Developments

  • In 2021, A research collaboration agreement was announced by Deep Bio, a leader in artificial intelligence (AI) cancer diagnoses, and ARUP Labs, a preeminent U.S. reference lab and a world authority in cutting-edge laboratory research and development. The company has benefited from using artificial intelligence in cancer diagnoses through this partnership.
  • In 2022, The most recent BC-700 Series hematology analyzers from Mindray were unveiled for small- to medium-sized labs. They included assays for the complete blood count (CBC) and erythrocyte sedimentation rate (ESR).
  • In 2021, The Cobas pure integrated solutions analyzer was introduced by Roche Diagnostics' Indian branch with a more intelligent system, making it particularly suited for the numerous hospitals and labs in the nation.

Global Clinical Laboratory Services Market Scope

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 meagre 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

  • Clinical Chemistry Testing
  • Routine Chemistry Testing
  • Specialized Chemistry Testing
  • Therapeutic Drug Monitoring (TDM) Testing
  • Endocrinology Chemistry Testing
  • Other Clinical Chemistry Testing
  • Hematology Testing
  • Microbiology Testing
  • Immunology Testing
  • Drugs of Abuse Testing
  • Cytology Testing and Genetic Testing

Test Type

  • Human and Tumor Genetics
  •  Clinical Chemistry

 Provider

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

 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

 Service Type

  • Routine Testing Services
  • Esoteric Services and Anatomic Pathology Services

Clinical Laboratory Services Market Regional Analysis/Insights

The clinical laboratory services market is analyzed 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 due to the region's growing need for clinical laboratory services assistance to provide effective treatment and patient care. There is a growing elderly population, a high prevalence of chronic diseases, and a well-established healthcare system and reimbursement structure for clinical lab services.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2023 to 2030 due to the expansion of scientific study in the area and the growing unmet medical requirements. Moreover, improvements in healthcare benefits, rising public awareness, and accessibility to top-notch medical care are anticipated to promote the region's growth.

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.

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:

  • Abbott (U.S.)
  • ARUP Laboratories (U.S.)
  • OPKO Health, Inc. (U.S.)
  • Bioscientia Healthcare GmbH (Germany)
  • Charles River Laboratories (U.S.)
  • NeoGenomics Laboratories (U.S.)
  • Genoptix, Inc. (U.S.)
  • Healthscope (Australia)
  • The Laboratory Glassware Co. (U.S.)
  • Laboratory Corporation of America Holdings (U.S.)
  • Fresenius Medical Care AG & Co. KGaA (Germany)
  • QIAGEN (Germany)
  • Quest Diagnostics Incorporated (U.S.)
  • Siemens Healthcare Private Limited (Germany)
  • Tulip Diagnostics (P) Ltd. (India)
  • Sonic Healthcare Limited (Australia)
  • Merck KGaA (Germany)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. 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 drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, 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.

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Customization Available:

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 analyzed 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 ASK QUESTIONS

The Clinical Laboratory Services Market size will be worth USD 492,531.06 million by 2030 during the forecast period.
The Clinical Laboratory Services Market growth rate is 7.50% during the forecast period.
The Strategic partnerships, collaborations will drive the market growth and An increase in the geriatric population will drive the market growth are the growth drivers of the Clinical Laboratory Services Market.
The specialty, provider, application and service type are the factors on which the Clinical Laboratory Services Market research is based.
The major companies in the Clinical Laboratory Services Market are Abbott (U.S.), ARUP Laboratories (U.S.), OPKO Health, Inc. (U.S.), Bioscientia Healthcare GmbH (Germany), Charles River Laboratories (U.S.), NeoGenomics Laboratories (U.S.), Genoptix, Inc. (U.S.), Healthscope (Australia), The Laboratory Glassware Co. (U.S.), Laboratory Corporation of America Holdings (U.S.), Fresenius Medical Care AG & Co. KGaA (Germany), QIAGEN (Germany), Quest Diagnostics Incorporated (U.S.), Siemens Healthcare Private Limited (Germany), Tulip Diagnostics (P) Ltd. (India), Sonic Healthcare Limited (Australia), Merck KGaA (Germany).
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