North America 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 & Reference Laboratories, Hospital-Based Laboratories and Nursing and Physician Office-Based Laboratories), Application (Drug Discovery Related Services, Drug Development Related Services, Bioanalytical & Lab Chemistry Services, Toxicology Testing Services, Cell & Gene Therapy Related Services, Preclinical & Clinical Trial Related Services and Other Clinical Laboratory Services), Service Type (Routine Testing Services, Esoteric Services And Anatomic Pathology Services), Country (U.S., Canada, Mexico) Industry Trends and Forecast To 2028.
North America Clinical Laboratory Services Market Analysis and Size
Clinical labs provide testing products to public and private health service agencies, including clinics, medical centers, and nursing homes. Laboratory research areas protected by accreditation include medicinal chemistry, clinical microbiology, hematology, anatomy, clinical physics, psychology, nuclear medicine, and clinical neurophysiology.
Data Bridge Market Research analyses that the North America clinical laboratory services market is expected to reach a value of USD 180,972.60 million by 2028, at a CAGR of 7.3% during the forecast period. The North America clinical laboratory services market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2018-2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Service Type (Routine Testing Services, Esoteric Services, and Anatomic Pathology Services), Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing, and Genetic Testing), Provider (Hospital-Based Laboratories, Independent & Reference Laboratories, Nursing and Physician Office-Based Laboratories), Application (Drug Discovery Related Services, Drug Development Related Services, Bioanalytical & Lab Chemistry Services, Toxicology Testing Services, Cell & Gene Therapy Related Services, Preclinical & Clinical Trial Related Services And Other Clinical Laboratory Service).
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Regions Covered
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North America
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Market Players Covered
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Genomic Health, Abbott, Charles River, H.U. Group Holdings, Inc., Eurofins Scientific, Laboratory Corporation of America Holding, Mayo Foundation for Medical Education and Research, DaVita Inc., Quest Diagnostics Incorporated, Siemens Healthcare GmbH, ARUP Laboratories, Lifelabs, BioReference Laboratories, Inc. (A subsidiary of OPKO Health, Inc.), NeoGenomics Laboratories, Inc., and ACM Global Laboratories, among others.
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Market Definition
Clinical laboratories are an important part of the healthcare field. Most diagnostic tests, starting from the blood test to the genetic analysis, are conducted in these clinical laboratories to detect different diseases. Clinical laboratories offer data and resources that optimize the required distribution in the healthcare system, such as diagnostics and test results. This maintains and provides reliable and correct test results that enable doctors to make appropriate clinical and diagnostic decisions across various levels of health care services. This allows clinicians to adapt, begin, and stop treatment, which would be hindered in the absence of medical laboratory facilities. Clinical laboratory services include drug discovery, drug development, bioanalytical & lab chemistry, toxicology testing, cell & gene therapy, and preclinical & clinical trial related services. Independent & reference laboratories, hospital-based laboratories, nursing, and physician office-based laboratories are some of the major providers of clinical laboratory services.
North America Clinical Laboratory Services Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers
- RISE IN INFECTIOUS DISEASES
Increasing cases of infectious diseases are the main leading reason for death worldwide, especially in low-income countries. Infectious diseases affected by the organisms such as viruses, parasites, fungi, and bacteria are directly or indirectly passed from one person to another. Clinical laboratories utilize different methods to perform analysis through various tests and assays required for the diagnosis and monitoring of infectious diseases.
Increasing infectious diseases impact increasing the demand for clinical Laboratory because of laboratory diagnosis of infectious diseases of the patients. Clinical Laboratory provides different types of services for diagnosing and treating patients due to infectious diseases, including blood count, immunology and allergy testing, and urinalysis among others.
- ADVANCEMENT IN CLINICAL DIAGNOSTIC METHODS
Advancement helps extend the scope of the developments of new methods for diagnosing patient diseases in the clinical Laboratory. The research and development team is involved in producing more advanced innovations in the service to improve the clinical diagnostic methods. In the U.S. more than 4,000 different methods of diagnostic tests are available, and they are done nearby to 7,000 million times each year.
Technological advancement in clinical diagnostic methods has made diagnostic tests easier to use and more accurate, leading to more precise and timely reports. This advancement has also managed to the point of care tests which enable faster decision-making by medical practitioners.
Opportunity
- INCREASE IN ADOPTION OF DIGITAL PATHOLOGY PLATFORMS
Digital pathology platforms are computer workstations used to view digital whole slide images (WSIs) acquired from glass microscope high resolution slides scanning. Digital pathology platforms use algorithms for analysis and diagnostic reporting to ensure reproducibility, greater accuracy, and standardization of studies.
IApplications of digital pathology platforms (DP) are increasing in various clinical laboratories to implement full-scale operations in the laboratories successfully. Additionally, the adoption of digital pathology platforms has increased as whole slide imaging has shown various improvements in scanner capacities, scan times, image resolution, image management software, laboratory information systems (LISs) integration, and simple image viewing and evaluation.
Restraint/Challenge
- LACK OF SKILLED AND CERTIFIED PROFESSIONALS
The requirement of skilled and certified professionals is a big restraint for clinical laboratories. Clinical laboratory services demand is increased due to the high growth in the number of people aged 65 or older who need a routine diagnostic test for their health. Still, the fewer skilled professionals present in the laboratory center is hampering the market's growth.
The method and laboratory procedure have advantages, but there are certain gaps in standardization, equalization, and knowledge. Technicians are facing technical training gaps related to problems to adopt advanced methods safely to perform procedures efficiently. There is a need for highly skilled professionals in the clinical Laboratory for method development, validation, operation, and troubleshooting activities.
Recent Development
- In July 2021, Mayo Clinic Laboratories has been named as a UnitedHealthcare Preferred Lab Network (PLN) care provider, giving UnitedHealthcare members in-network access to comprehensive sub-specialty testing menuthis accediation has helped the company in terms of popularity of the company in subspeciality testing.
North America Clinical Laboratory Services Market Scope
North America clinical laboratory services market is segmented on the basis of service type, speciality, provider and application. The growth amongst these segments will help you analyse 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.
BY Service Type
- Routine Testing Services
- Esoteric Services
- Anatomic Pathology Services
On the basis of service type, the clinical laboratory services market is segmented into routine testing services, esoteric services and anatomic pathology services.
BY Speciality
- Clinical Chemistry Testing
- Hematology Testing
- Microbiology Testing
- Immunology Testing
- Drugs of Abuse Testing
- Cytology Testing
- Genetic Testing
On the basis of specialty, the clinical laboratory services market is segmented into clinical chemistry testing, hematology testing, microbiology testing, immunology testing, drugs of abuse testing, cytology testing and genetic testing.
BY Provider
- Hospital-Based Laboratories
- Independent & Reference Laboratories
- Nursing and Physician Office-Based Laboratories
On the basis of provider, the clinical laboratory services market is segmented into independent & reference laboratories, hospital-based laboratories, and nursing and physician office-based laboratories.
BY Application
- Bioanalytical & Lab Chemistry Services,
- Drug Development Related Services,
- Drug Discovery Related Services,
- Toxicology Testing Services,
- Cell & Gene Therapy Related Services,
- Preclinical & Clinical Trial Related Services,
- Other Clinical Laboratory Services
On the basis of application, the clinical laboratory services market is segmented into drug discovery related services, drug development related services, bioanalytical & lab chemistry services, toxicology testing services, cell & gene therapy related services, preclinical & clinical trial related services and other clinical laboratory services.
North America Clinical Laboratory Services Market Regional Analysis/Insights
North America clinical laboratory services market is analysed, and market size insights and trends are provided by region, application, provider, service type and specialty as referenced above.
The regions covered in the North America clinical laboratory services market report are the U.S., Canada, and Mexico.
The U.S. is expected to dominate the market due to the rising demand for early and accurate disease diagnosis.
The region section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and North America Clinical Laboratory Services Market Share Analysis
North America clinical laboratory services market competitive landscape provide details by the 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 North America clinical laboratory services market.
The major companies offering clinical laboratory services are Genomic Health, Abbott, Charles River, H.U. Group Holdings, Inc., Eurofins Scientific, Laboratory Corporation of America Holding, Mayo Foundation for Medical Education and Research, DaVita Inc., Quest Diagnostics Incorporated, Siemens Healthcare GmbH, ARUP Laboratories, Lifelabs, BioReference Laboratories, Inc. (A subsidiary of OPKO Health, Inc.), NeoGenomics Laboratories, Inc., and ACM Global Laboratories, among others
Research Methodology: North America Clinical Laboratory Services Market
Data collection and base year analysis is 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 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. Apart from this, data models include a 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, NA 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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