Global Commercial Medical Testing Services Market Growth (Status and Outlook) 2024-2030

Global Commercial Medical Testing Services Market Growth (Status and Outlook) 2024-2030

The global Commercial Medical Testing Services market size is projected to grow from US$ 739.6 million in 2023 to US$ 1418.5 million in 2030; it is expected to grow at a CAGR of 9.8% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Commercial Medical Testing Services Industry Forecast” looks at past sales and reviews total world Commercial Medical Testing Services sales in 2023, providing a comprehensive analysis by region and market sector of projected Commercial Medical Testing Services sales for 2024 through 2030. With Commercial Medical Testing Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Medical Testing Services industry.

This Insight Report provides a comprehensive analysis of the global Commercial Medical Testing Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Medical Testing Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Medical Testing Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Medical Testing Services and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Medical Testing Services.

According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.

This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Medical Testing Services market by product type, application, key players and key regions and countries.

Segmentation by type
Diagnostic Testing Services
Drug Testing Services
Other

Segmentation by application
Personal
Enterprise
Hospital
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SGS
Concord Hospital
Diagnostic Laboratory Services , Inc.
Eurofins Scientific
ICON plc
Labtests
Mayo Clinic Laboratories
Nelson Labs
Pathlab
Quest
Randox
StarLab
Viroclinics
Warde Medical Laboratory

Please note: The report will take approximately 2 business days to prepare and deliver.