Clinical Laboratory Services Market Size, Share, Growth Report 2030

Clinical Laboratory Services Market

Clinical Laboratory Services Market - By Test Type( Human & Tumor Genetics, Medical Microbiology & Cytology, Clinical Chemistry, and Other Esoteric Test), By Service Provider (Hospital-based Laboratories or Clinic-based Laboratories and Stand-alone Laboratories), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 28-Sep-2021 Category: Medical Device Report Format : PDF Pages: 175 Report Code: ZMR-1422 Status : Published

The global Clinical Laboratory Services market accrued earnings worth approximately 251(USD Billion) in 2020 and is predicted to gain revenue of about 615 (USD Billion) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2021 to 2028.

Clinical Laboratory Services Market

The global Clinical Laboratory Services market accrued earnings worth approximately 251(USD Billion) in 2020 and is predicted to gain revenue of about 615 (USD Billion) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Clinical Laboratory Services market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Clinical Laboratory Services Market: Overview

Clinical labs offer a slew of healthcare facilities and aid doctors in effectively diagnosing, treating, and managing patients. Furthermore, clinical lab solutions are designed for providing information & solutions for optimizing diagnosis, healthcare, and medical treatment. This, in turn, helps in minimizing complexity of medical system. Apparently, data derived through use of clinical lab services helps healthcare experts for taking therapeutic & evidence-driven diagnostic decisions accurately. With large number of clinical labs located at vicinity of hospitals and clinics, there is easy access to effective clinical lab services for both patients and doctors. Moreover, clinical labs deliver high quality diagnostic testing solutions, thereby contributing significantly towards clinical laboratory services market size in coming years.

Clinical Laboratory Services Market: Growth Drivers

Surge in awareness among candidates about early diagnosis & treatment of disease will expedite clinical laboratory services market earnings in years ahead. Additionally, a rampant increase in aging population prone to various kinds of chronic ailments will contribute notably towards clinical laboratory services market profitability over forecasting timeline. Escalating awareness about diagnosing of severe conditions pertaining to oncology, gynecology, and endocrinology will steer growth of clinical laboratory services industry over upcoming years. With acceptance of immunoassays, micro-assays, biochips, and companion diagnostics in biotechnology, market for clinical laboratory services is projected to take a huge leap over next couple of years. Rapid spread of COVID-19 has helped clinical laboratory services gain massive significance in recent years.

Global Clinical Laboratory Services Market Request Free Sample

Furthermore, growing need for detecting root cause of disease, progression of disease, disease abnormalities, and physiological imbalances will lead to massive growth of clinical laboratory services industry over years ahead. Surging occurrence of chronic ailments will scoop up clinical laboratory services market expansion. However, changing healthcare regulations are anticipated to hamper growth of clinical laboratory services market in near future.

Global Clinical Laboratory Services Market: Report Scope:

Report Attributes Report Details
Report Name Clinical Laboratory Services Market
Market Size in 2020 USD 251 Billion
Market Forecast in 2028 USD 615 Billion
Compound Annual Growth Rate CAGR of 5.1%
Number of Pages 175
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Abbott Laboratories, Fresenius Medical Care, Siemens AG, Quest Diagnostics, Inc., Sonic Healthcare Limited, Novartis International AG, Eurofins Scientific, Carlyle Group, Sanofi S.A., Cinven, NeoGenomics, Inc., Laboratory Corporation of America Holdings, OPKO Health, Inc., and TPG Capital.
Segments Covered By Test Type, By Service Provider And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Landscape

North America To Make Notable Contributions Towards Market Size By 2028

Growth of clinical laboratory services market in North America over assessment period is owing to rapid acceptance of technologically advanced diagnostics as well as easy access to tests in North America. Rise in geriatric population in countries such as the U.S. prone to chronic diseases such as Cancer and influenza will help in protruding of market growth over forthcoming years. Apparently, rise in funding of healthcare activities and large allocation of funds for public healthcare infrastructural growth in countries such as Canada and the U.S. will create new ripples of growth in regional market over forthcoming years.

Competitive Landscape

Key players impacting industry landscape and profiled in report include Abbott Laboratories, Fresenius Medical Care, Siemens AG, Quest Diagnostics, Inc., Sonic Healthcare Limited, Novartis International AG, Eurofins Scientific, Carlyle Group, Sanofi S.A., Cinven, NeoGenomics, Inc., Laboratory Corporation of America Holdings,  OPKO Health, Inc., and TPG Capital.

The global Clinical Laboratory Services Market is segmented as follows:

By Test Type

  • Human & Tumor Genetics
  • Clinical Chemistry
  • Other Esoteric Test
  • Medical Microbiology & Cytology

By Service Provider

  • Hospital-based Laboratories or Clinic-based Laboratories 
  • Stand-alone Laboratories

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Surge in awareness among candidates about early diagnosis & treatment of disease will expedite clinical laboratory services market earnings in years ahead. Additionally, a rampant increase in aging population prone to various kinds of chronic ailments will contribute notably towards clinical laboratory services market profitability over forecasting timeline. Escalating awareness about diagnosing of severe conditions pertaining to oncology, gynecology, and endocrinology will steer growth of clinical laboratory services industry over upcoming years. With acceptance of immunoassays, micro-assays, biochips, and companion diagnostics in biotechnology, market for clinical laboratory services is projected to take a huge leap over next couple of years. Rapid spread of COVID-19 has helped clinical laboratory services gain massive significance in recent years. Furthermore, growing need for detecting root cause of disease, progression of disease, disease abnormalities, and physiological imbalances will lead to massive growth of clinical laboratory services industry over years ahead.  

According to Zion market research report, the global Clinical Laboratory Services market accrued earnings worth approximately 251(USD Billion) in 2020 and is predicted to gain revenue of about 615 (USD Billion) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2021 to 2028.

North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to rapid acceptance of technologically advanced diagnostics as well as easy access to tests in North America. Rise in geriatric population in countries such as the U.S. prone to chronic diseases such as Cancer and influenza will help in protruding of market growth over forthcoming years. Apparently, rise in funding of healthcare activities and large allocation of funds for public healthcare infrastructural growth in countries such as Canada and the U.S. will create new ripples of growth in regional market over forthcoming years.    

The key market participants include Abbott Laboratories, Fresenius Medical Care, Siemens AG, Quest Diagnostics, Inc., Sonic Healthcare Limited, Novartis International AG, Eurofins Scientific, Carlyle Group, Sanofi S.A., Cinven, NeoGenomics, Inc., Laboratory Corporation of America Holdings,  OPKO Health, Inc., and TPG Capital.

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