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Clinical Laboratory Services Market - Global Industry Analysis

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.

Description

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.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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.

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

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Clinical Laboratory Services Market, 2018–2028(USD Billion)
    • 2.2. Clinical Laboratory Services Market: Snapshot
  • Chapter 3. Global Clinical Laboratory Services Market– Industry Analysis
    • 3.1. Clinical Laboratory Services Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Surging occurrence of chronic ailments will scoop up clinical laboratory services market size.
      • 3.2.2. A rampant surge in elderly population susceptible to various kinds of chronic disorders will contribute remarkably towards clinical laboratory services market revenue over forecasting timespan.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Test Type
      • 3.4.2. Market attractiveness analysis By Service Provider
  • Chapter 4. Global Clinical Laboratory Services Market– Industry Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Clinical Laboratory Services Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Clinical Laboratory Services Market– Test Type Analysis
    • 5.1. Global Clinical Laboratory Services Market overview: By Test Type
      • 5.1.1. Global Clinical Laboratory Services Market share, By Test Type, 2020 and 2028
    • 5.2. Human & Tumor Genetics
      • 5.2.1. Global Clinical Laboratory Services Market by Human & Tumor Genetics, 2018–2028(USD Billion)
    • 5.3. Clinical Chemistry
      • 5.3.1. Global Clinical Laboratory Services Market by Clinical Chemistry, 2018–2028(USD Billion)
    • 5.4. Other Esoteric Test
      • 5.4.1. Global Clinical Laboratory Services Market by Other Esoteric Test, 2018–2028(USD Billion)
    • 5.5. Medical Microbiulogy & Cytulogy
      • 5.5.1. Global Clinical Laboratory Services Market by Medical Microbiulogy & Cytulogy, 2018–2028(USD Billion)
  • Chapter 6. Global Clinical Laboratory Services Market– Service Provider Analysis
    • 6.1. Global Clinical Laboratory Services Market overview: By Service Provider
      • 6.1.1. Global Clinical Laboratory Services Market share, By Service Provider, 2020 and 2028
    • 6.2. Hospital-based Laboratories or Clinic-based Laboratories
      • 6.2.1. Global Clinical Laboratory Services Market by Hospital-based Laboratories or Clinic-based Laboratories , 2018–2028(USD Billion)
    • 6.3. Stand-alone Laboratories
      • 6.3.1. Global Clinical Laboratory Services Market by Stand-alone Laboratories, 2018–2028(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Abbott Laboratories
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Service Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Fresenius Medical Care
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Service Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Siemens AG
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Service Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. Quest Diagnostics, Inc.
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Service Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. Sonic Healthcare Limited
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Service Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Novartis International AG
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Service Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Eurofins Scientific
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Service Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Carlyle Group
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Service Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Sanofi S.A.
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Service Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. Cinven
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Service Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. NeoGenomics, Inc.
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Service Portfolio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development
    • 7.12. Laboratory Corporation of America Huldings
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Service Portfolio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Development
    • 7.13. OPKO Health, Inc.
      • 7.13.1. Overview
      • 7.13.2. Financials
      • 7.13.3. Service Portfolio
      • 7.13.4. Business Strategy
      • 7.13.5. Recent Development
    • 7.14. TPG Capital
      • 7.14.1. Overview
      • 7.14.2. Financials
      • 7.14.3. Service Portfolio
      • 7.14.4. Business Strategy
      • 7.14.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Clinical Laboratory Services Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Clinical Laboratory Services Marketattractiveness, By Test Type
6. Global Clinical Laboratory Services Marketattractiveness, By Service Provider
7. Global Clinical Laboratory Services Marketshare by Test Type,2020 and 2028 (USD Billion)
8. Global Clinical Laboratory Services Marketby Human & Tumor Genetics, 2018–2028(USD Billion)
9. Global Clinical Laboratory Services Marketby Clinical Chemistry, 2018–2028(USD Billion)
10. Global Clinical Laboratory Services Marketby Other Esoteric Test, 2018–2028(USD Billion)
11. Global Clinical Laboratory Services Marketby Medical Microbiology & Cytology, 2018–2028(USD Billion)
12. Global Clinical Laboratory Services Marketshare by Service Provider ,2020 and 2028 (USD Billion)
13. Global Clinical Laboratory Services Marketby Hospital-based Laboratories or Clinic-based Laboratories  , 2018–2028(USD Billion)
14. Global Clinical Laboratory Services Marketby Stand-alone Laboratories, 2018–2028(USD Billion)
15. Global Clinical Laboratory Services Marketshare, by Region, 2020 and 2028
16. North America Clinical Laboratory Services Market, 2018–2028(USD Billion)
17. Europe Clinical Laboratory Services Market, 2018–2028(USD Billion)
18. Asia Pacific Clinical Laboratory Services Market, 2018–2028(USD Billion)
19. Latin America Clinical Laboratory Services Market, 2018–2028(USD Billion)
20. The Middle East and Africa Clinical Laboratory Services Market, 2018–2028(USD Billion)


List of Tables

1. Global Clinical Laboratory Services Market: snapshot
2. Drivers of the Clinical Laboratory Services Market: impact analysis
3. North America Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
4. North America Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
5. The U.S. Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
6. The U.S. Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
7. Rest of North America Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
8. Rest of North America Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
9. Europe Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
10. Europe Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
11. UK Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
12. UK Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
13. France Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
14. France Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
15. Germany Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
16. Germany Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
17. Rest of Europe Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
18. Rest of Europe Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
19. Asia Pacific Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
20. Asia Pacific Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
21. China Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
22. China Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
23. Japan Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
24. Japan Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
25. India Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
26. India Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
27. Rest of Asia Pacific Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
28. Rest of Asia Pacific Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
29. Latin America Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
30. Latin America Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
31. Brazil Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
32. Brazil Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
33. Rest of Latin America Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
34. Rest of Latin  America Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
35. The Middle East and Africa Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
36. The Middle East and Africa Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
37. Saudi Arabia Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
38. Saudi Arabia Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
39. South Africa Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
40. South Africa Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)
41. Rest of the Middle East & Africa Clinical Laboratory Services Market revenue, By Test Type ,2018–2028(USD Billion)
42. Rest of the Middle East & Africa Clinical Laboratory Services Market revenue, By Service Provider  ,2018–2028(USD Billion)

 

 
 
 

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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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