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Global Diagnostic Testing Market Report and Forecast 2024-2032

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  • 140 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5895146
The diagnostic testing market was valued at USD 191.4 billion in 2023, driven by the increasing prevalence of chronic and infectious diseases across the globe. The market size is anticipated to grow at a CAGR of 8.1% during the forecast period of 2024-2032 to achieve a value of USD 384.7 billion by 2032.

Diagnostic Testing: Introduction

Diagnostic testing refers to the process of determining the presence or absence of a disease or medical condition in an individual. It involves the use of various medical tests and procedures to collect and analyze samples, assess symptoms, and measure specific markers or indicators in the body. Diagnostic testing plays a crucial role in healthcare by aiding in the early detection, diagnosis, and monitoring of diseases, as well as guiding treatment decisions.

There are various types of diagnostic tests available, including laboratory tests, imaging tests, genetic tests, and point-of-care tests. Laboratory tests involve the analysis of blood, urine, tissue, or other bodily fluids to detect abnormalities or measure specific biomarkers. Imaging tests, such as X-rays, computed tomography (CT) scans, magnetic resonance imaging (MRI), and ultrasound, provide visual images of the internal structures and organs for diagnosis. Genetic tests examine an individual's DNA or genes to identify inherited conditions or genetic predispositions. Point-of-care tests are rapid diagnostic tests that can be performed at the bedside or in a healthcare setting, providing immediate results.

Key Trends in the Global Diagnostic Testing Market

The diagnostic testing market is continually evolving with advancements in technology, changing healthcare landscapes, and shifting patient needs. Several key trends are shaping the diagnostic testing market:

  • Personalized and Precision Medicine: There is a growing emphasis on personalized and precision medicine approaches in healthcare. Diagnostic testing plays a crucial role in identifying specific biomarkers, genetic variations, or molecular profiles that can guide targeted therapies and treatment plans tailored to individual patients.
  • Point-of-Care Testing: Point-of-care testing (POCT) refers to diagnostic tests performed near the patient, outside of traditional laboratory settings. POCT offers several advantages, including rapid results, reduced turnaround time, and increased accessibility to testing in remote or resource-limited areas.
  • Digital and Connected Diagnostics: The integration of digital technologies and connectivity is transforming the diagnostic testing landscape. Digital diagnostics encompasses various innovations such as wearable devices, mobile health apps, remote monitoring, and telemedicine.
  • Molecular Diagnostics and Genetic Testing: Molecular diagnostics and genetic testing are witnessing significant growth and advancements. These tests analyze an individual's DNA, RNA, or specific genetic markers to identify genetic variations, mutations, or disease predispositions. The expanding understanding of the genetic basis of diseases and the availability of targeted therapies are driving the demand for genetic testing, including diagnostic tests for hereditary conditions, cancer profiling, and pharmacogenomics.

Global Diagnostic Testing Market Segmentations

The market can be categorised into test, type, end user, and region.

Market Breakup by Test

  • Lipid Panel
  • Liver Panel
  • Renal Panel
  • Complete Blood Count
  • Electrolyte Testing
  • Infectious Disease Testing
  • Other Tests

Market Breakup by Type

  • Product
  • Instruments
  • Reagents
  • Other Products

Market Breakup by End User

  • Hospital Laboratory
  • Diagnostic Laboratory
  • Point-of-care Testing
  • Other End Users

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Diagnostic Testing Market Overview

The market for diagnostic testing has been experiencing significant growth and is expected to continue its upward trajectory. Factors contributing to market growth include the increasing prevalence of chronic and infectious diseases, the rising geriatric population, technological advancements in testing methodologies, and the growing demand for personalized medicine. The market size is influenced by factors such as testing volumes, test complexity, reimbursement policies, and healthcare infrastructure.

The diagnostic testing market is expanding globally, with North America, Europe, and Asia Pacific, being the significant contributors. North America currently holds a substantial market share due to the presence of advanced healthcare infrastructure, favourable reimbursement policies, and extensive research and development activities. However, the market is witnessing robust growth in emerging economies, driven by increasing healthcare expenditure, improving healthcare infrastructure, and rising awareness about early disease detection.

Key Players in the Global Diagnostic Testing Market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.

The major companies in diagnostic testing market are as follows:

  • Abbott Laboratories
  • Becton, Dickinson and Company
  • BioMerieux
  • Bio-Rad Laboratories Inc.
  • Danaher Corporation
  • Siemens AG
  • Hologic Inc.
  • Qiagen NV
  • F. Hoffmann-La Roche AG
  • Thermo Fisher Scientific
  • Quest Diagnostics Inc.
  • Sysmex Corporation
The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Diagnostic Testing Market Overview
3.1 Global Diagnostic Testing Market Historical Value (2017-2023)
3.2 Global Diagnostic Testing Market Forecast Value (2024-2032)
4 Global Diagnostic Testing Market Landscape
4.1 Global Diagnostic Testing: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Diagnostic Testing: Product Landscape
4.2.1 Analysis by Test Type
4.2.2 Analysis by Technology
4.2.3 Analysis by Applications
5 Global Diagnostic Testing Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Diagnostic Testing Market Segmentation
6.1 Global Diagnostic Testing Market by Test
6.1.1 Market Overview
6.1.2 Lipid Panel
6.1.3 Liver Panel
6.1.4 Renal Panel
6.1.5 Complete Blood Count
6.1.6 Electrolyte Testing
6.1.7 Infectious Disease Testing
6.1.8 Other Tests
6.2 Global Diagnostic Testing Market by Type
6.2.1 Market Overview
6.2.2 Product
6.2.3 Instruments
6.2.4 Reagents
6.2.5 Other Products
6.3 Global Diagnostic Testing Market by End User
6.3.1 Market Overview
6.3.2 Hospital Laboratory
6.3.3 Diagnostic Laboratory
6.3.4 Point-of-care Testing
6.3.5 Other End Users
6.4 Global Diagnostic Testing Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Diagnostic Testing Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Diagnostic Testing Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Diagnostic Testing Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.6 Australia
9.7 Others
10 Latin America Diagnostic Testing Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Diagnostic Testing Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Clinical Trials Analysis
15.1 Analysis by Trial Registration Year
15.2 Analysis by Trial Status
15.3 Analysis by Trial Phase
15.4 Analysis by Therapeutic Area
15.5 Analysis by Geography
16 Funding and Investment Analysis
16.1 Analysis by Funding Instances
16.2 Analysis by Type of Funding
16.3 Analysis by Funding Amount
16.4 Analysis by Leading Players
16.5 Analysis by Leading Investors
16.6 Analysis by Geography
17 Partnership and Collaborations Analysis
17.1 Analysis by Partnership Instances
17.2 Analysis by Type of Partnership
17.3 Analysis by Leading Players
17.4 Analysis by Geography
18 Supplier Landscape
18.1 Abbott Laboratories
18.1.1 Financial Analysis
18.1.2 Product Portfolio
18.1.3 Demographic Reach and Achievements
18.1.4 Mergers and Acquisitions
18.1.5 Certifications
18.2 Becton, Dickinson and Company
18.2.1 Financial Analysis
18.2.2 Product Portfolio
18.2.3 Demographic Reach and Achievements
18.2.4 Mergers and Acquisitions
18.2.5 Certifications
18.3 BioMerieux
18.3.1 Financial Analysis
18.3.2 Product Portfolio
18.3.3 Demographic Reach and Achievements
18.3.4 Mergers and Acquisitions
18.3.5 Certifications
18.4 Bio-Rad Laboratories Inc.
18.4.1 Financial Analysis
18.4.2 Product Portfolio
18.4.3 Demographic Reach and Achievements
18.4.4 Mergers and Acquisitions
18.4.5 Certifications
18.5 Danaher Corporation
18.5.1 Financial Analysis
18.5.2 Product Portfolio
18.5.3 Demographic Reach and Achievements
18.5.4 Mergers and Acquisitions
18.5.5 Certifications
18.6 Siemens AG
18.6.1 Financial Analysis
18.6.2 Product Portfolio
18.6.3 Demographic Reach and Achievements
18.6.4 Mergers and Acquisitions
18.6.5 Certifications
18.7 Hologic Inc.
18.7.1 Financial Analysis
18.7.2 Product Portfolio
18.7.3 Demographic Reach and Achievements
18.7.4 Mergers and Acquisitions
18.7.5 Certifications
18.8 Qiagen NV
18.8.1 Financial Analysis
18.8.2 Product Portfolio
18.8.3 Demographic Reach and Achievements
18.8.4 Mergers and Acquisitions
18.8.5 Certifications
18.9 F. Hoffmann-La Roche AG
18.9.1 Financial Analysis
18.9.2 Product Portfolio
18.9.3 Demographic Reach and Achievements
18.9.4 Mergers and Acquisitions
18.9.5 Certifications
18.10 Thermo Fisher Scientific
18.10.1 Financial Analysis
18.10.2 Product Portfolio
18.10.3 Demographic Reach and Achievements
18.10.4 Mergers and Acquisitions
18.10.5 Certifications
18.11 Quest Diagnostics Inc.
18.11.1 Financial Analysis
18.11.2 Product Portfolio
18.11.3 Demographic Reach and Achievements
18.11.4 Mergers and Acquisitions
18.11.5 Certifications
18.12 Sysmex Corporation
18.12.1 Financial Analysis
18.12.2 Product Portfolio
18.12.3 Demographic Reach and Achievements
18.12.4 Mergers and Acquisitions
18.12.5 Certifications
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Abbott Laboratories
  • Becton, Dickinson and Company
  • BioMerieux
  • Bio-Rad Laboratories Inc.
  • Danaher Corporation
  • Siemens AG
  • Hologic Inc.
  • Qiagen NV
  • F. Hoffmann-La Roche AG
  • Thermo Fisher Scientific
  • Quest Diagnostics Inc.
  • Sysmex Corporation