Global Clinical Laboratory Services Market 2024-2028
The clinical laboratory services market is forecasted to grow by USD 172.4 bn during 2023-2028, accelerating at a CAGR of 10.87% during the forecast period. The report on the clinical laboratory services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in geriatric population, increasing prevalence of chronic diseases, and advent of automation and laboratory robotics.
Technavio's clinical laboratory services market is segmented as below:
ByEnd-user
- Hospital-based laboratories
- Stand-alone laboratories
- Clinic-based laboratories
ByApplication
- Bioanalytical and lab chemistry
- Toxicology testing
- Cell and gene therapy
- Preclinical and clinical trial
- Others
ByGeography
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the increasing adoption of preventive healthcare as one of the prime reasons driving the clinical laboratory services market growth during the next few years. Also, emergence of corporate wellness programs and increasing focus on real-time and digitalized treatment will lead to sizable demand in the market.
The report on the clinical laboratory services market covers the following areas:
- Clinical laboratory services market sizing
- Clinical laboratory services market forecast
- Clinical laboratory services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading clinical laboratory services market vendors that include Abbott Laboratories, AP Moller Holding AS, ARUP Laboratories, Bio Rad Laboratories Inc., Cerba HealthCare, Charles River Laboratories International Inc., Enzo Clinical Labs Inc., Eurofins Scientific SE, Fresenius Medical Care AG and Co. KGaA, Genova Diagnostics Inc., HU Group Holdings Inc., Illumina Inc., Laboratory Corp. of America Holdings, NeoGenomics Laboratories Inc., OPKO Health Inc., QIAGEN NV, Quest Diagnostics Inc., Siemens AG, Sonic Healthcare Ltd., and SYNLAB International GmbH. Also, the clinical laboratory services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.