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North America Diagnostic Labs Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - By Lab Type, Testing Services and Revenue Source

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    Report

  • 152 Pages
  • September 2022
  • Region: North America
  • The Insight Partners
  • ID: 5668450
UP TO OFF until Mar 31st 2024
The North America diagnostic labs market is expected to grow from US$ 122.09 billion in 2022 to US$ 189.67 billion by 2028. it is estimated to grow at a CAGR of 7.6% from 2021 to 2028.

The increase in chronic diseases also fuels the need for healthcare systems. Clinical diagnostics have, thus, proven beneficial in the states with prevalent chronic diseases and are valuable in disease prevention, detection, and treatment. Clinical diagnostics help identify early warning signs and individual risk factors and create new opportunities for prevention and early intervention. Therefore, the rising incidence of chronic diseases is expected to propel the overall market further. It is estimated that the US will experience significant growth due to its high burden of chronic diseases, which requires support from clinical laboratory services for efficient treatment and patient care. For example, according to the National Center for Biotechnology Information (NCBI), 45.0% of the US population, i.e., 133 million people, suffered from at least one chronic disease in 2018. In addition, the Centers for Disease Control and Prevention (CDC) states that 4 out of 10 adults in the US have 2 or more chronic diseases, and 6 out of 10 adults have one chronic disease.

Chronic diseases, such as cancer, heart disease, and diabetes, are the leading causes of death and disability in the US. They are the main drivers of the US healthcare industry. This has led to higher demand for better treatment with efficient management, further driving the market in the US. The rising number of COVID-19 infections has led to increased funding and tests, which has boosted the overall market growth. Many tests were carried out worldwide to identify the infected person and stop the spread of SARS-CoV-2. Various testing laboratories entered the market and significantly contributed to further growth. Thus, the increasing number of tests due to the constant increase in patient numbers and government funding is expected to surge the demand for various disease testing and propel the overall diagnostic labs market growth exponentially over the next few years.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America diagnostic labs market growth at a notable CAGR during the forecast period.

North America Diagnostic Labs Market Segmentation

The North America diagnostic labs market is segmented on the basis of lab type, testing services, revenue source, and country.
  • Based on lab type, the market is segmented into single/independent laboratories, hospital-based labs, physician office labs, and others.
  • Based on testing services, the market is divided into physiological function testing, covid-19 testing, general and clinical testing, esoteric testing, specialized testing, non-invasive prenatal testing, and others. By physiological testing services, the market is segmented into ECG, Echo, X-ray, endoscopy, CT, MRI, and others.
  • Based on revenue source, the market is divided into healthcare plan operators and insurers, out-of-pocket, and public systems.
  • Based on country, the regional market is segmented into the US, Mexico, and Canada.

North America Diagnostic Labs Market - Companies Mentioned

Quest Diagnostics Incorporated; Eurofins Scientific; Laboratory Corporation of America Holdings; Exact Sciences Laboratories LLC; SYNLAB International GmbH; Dasa Labs; Bio Reference; Sonic Healthcare Limited; and Healius Limited are a few major companies operating in the North America diagnostic labs market.
Frequently Asked Questions about the North American Diagnostic Labs Market

What is the estimated value of the North American Diagnostic Labs Market?

The North American Diagnostic Labs Market was estimated to be valued at $122.09 Million in 2022.

What is the growth rate of the North American Diagnostic Labs Market?

The growth rate of the North American Diagnostic Labs Market is 7.6%, with an estimated value of $189.67 Million by 2028.

What is the forecasted size of the North American Diagnostic Labs Market?

The North American Diagnostic Labs Market is estimated to be worth $189.67 Million by 2028.

Who are the key companies in the North American Diagnostic Labs Market?

Key companies in the North American Diagnostic Labs Market include Quest Diagnostics Incorporated, Eurofins Scientific, Laboratory Corporation of America Holdings, Exact Sciences Laboratories LLC, SYNLAB International GmbH, Dasa Labs, Bio Reference, Sonic Healthcare Limited and Healius Limited.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Diagnostic Labs Market - By Lab Type
1.3.2 North America Diagnostic Labs Market - By Testing Services
1.3.3 North America Diagnostic Labs Market - By Revenue Source
1.3.4 North America Diagnostic Labs Market - By Country
2. North America Diagnostic Labs Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Diagnostic Labs Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.3 Expert Opinion
5. North America Diagnostic Labs Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Chronic Diseases
5.1.2 Increasing Use of Point-of-Care Diagnostics
5.2 Market Restraints
5.2.1 Shortage of Skilled Professionals
5.3 Market Opportunities
5.3.1 Increasing Adoption of Automated Platforms
5.4 Future Trends
5.4.1 Growing Developments in Diagnostics Laboratories
6. North America Diagnostic Labs Market- Country Analysis
6.1 North America Diagnostic Labs Market Revenue Forecast and Analysis
6.1.1 North America: North America Diagnostic Labs Market, 2019-2028 (US$ Billion)
7. North America Diagnostic Labs Market Revenue and Forecast to 2028 - by Lab Type
7.1 Overview
7.2 North America Diagnostic Labs Market, by Lab Type 2022 & 2028 (%)
7.2.1 North America: North America Diagnostic Labs Market, By Lab Type, 2019-2028 (US$ Billion)
7.3 Hospital-based Labs
7.3.1 Overview
7.3.2 Hospital-based Labs: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
7.4 Single/Independent Laboratories
7.4.1 Overview
7.4.2 Single/Independent Laboratories: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
7.5 Physician Office Labs (POL)
7.5.1 Overview
7.5.2 Physician Office Labs: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
7.6 Others
7.6.1 Overview
7.6.2 Others: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8. North America Diagnostic Labs Market Revenue and Forecast to 2028 - by Testing Services
8.1 Overview
8.2 North America Diagnostic Labs Market Revenue Share, by Testing Services (2022 and 2028)
8.2.1.1 North America: North America Diagnostic Labs Market, by Testing Services, 2019-2028 (US$ Billion)
8.2.2 North America: North America Diagnostic Labs Market, By Physiological Function Testing, 2019-2028 (US$ Billion)
8.3 Physiological Function Testing
8.3.1 Overview
8.3.2 Physiological Function Testing: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.3 Endoscopy Market
8.3.3.1 Overview
8.3.3.2 Endoscopy Market: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.4 X-Ray Market
8.3.4.1 Overview
8.3.4.2 X-Ray Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.5 CT Market
8.3.5.1 Overview
8.3.5.2 CT Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.6 ECG Market
8.3.6.1 Overview
8.3.6.2 ECG Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.7 MRI Market
8.3.7.1 Overview
8.3.7.2 MRI Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.8 Echo Market
8.3.8.1 Overview
8.3.8.2 Echo Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.9 Others
8.3.9.1 Overview
8.3.9.2 Others: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.4 COVID-19 Testing
8.4.1 Overview
8.4.2 COVID-19 Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.5 General and Clinical Testing
8.5.1 Overview
8.5.2 General and Clinical Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.6 Esoteric Testing
8.6.1 Overview
8.6.2 Esoteric Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.7 Specialized Testing
8.7.1 Overview
8.7.2 Specialized Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.8 Non-invasive Prenatal Testing
8.8.1 Overview
8.8.2 Non-Invasive Prenatal Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.9 Others
8.9.1 Overview
8.9.2 Others: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
9. North America Diagnostic Labs Market Revenue and Forecast to 2028 - by Revenue Source
9.1 Overview
9.2 North America Diagnostic Labs Market Revenue Share, by Revenue Source (2022 and 2028)
9.2.1 North America: North America Diagnostic Labs Market, by Revenue Source, 2019-2028 (US$ Billion)
9.3 Healthcare Plan Operators and Insurers
9.3.1 Overview
9.3.2 Healthcare Plan Operators and Insurers: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
9.4 Out-of-Pocket
9.4.1 Overview
9.4.2 Out-of-Pocket: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
9.5 Public System
9.5.1 Overview
9.5.2 Public System: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10. North America Diagnostic Labs Market Revenue and Forecast to 2028- by Country
10.1 North America: North America Diagnostic Labs Market Revenue and Forecasts To 2028
10.1.1 Overview
10.1.3 North America: North America Diagnostic Labs Market, by Country, 2022 & 2028 (%)
10.1.3.1 US: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.1.1 Overview
10.1.3.1.2 US: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.1.3 US: North America Diagnostic Labs Market, By Lab Type, 2019-2028 (US$ Billion)
10.1.3.1.4 US: North America Diagnostic Labs Market, by Testing Services, 2019-2028 (US$ Billion)
10.1.3.1.5 US: North America Diagnostic Labs Market, By Physiological Function Testing, 2019-2028 (US$ Billion)
10.1.3.1.6 US: North America Diagnostic Labs Market, by Revenue Source, 2019-2028 (US$ Billion)
10.1.3.2 Canada: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.2.1 Overview
10.1.3.2.2 Canada: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.2.3 Canada: North America Diagnostic Labs Market, By Lab Type, 2019-2028 (US$ Billion)
10.1.3.2.4 Canada: North America Diagnostic Labs Market, by Testing Services, 2019-2028 (US$ Billion)
10.1.3.2.5 Canada: North America Diagnostic Labs Market, By Physiological Function Testing, 2019-2028 (US$ Billion)
10.1.3.2.6 Canada: North America Diagnostic Labs Market, by Revenue Source, 2019-2028 (US$ Billion)
10.1.3.3 Mexico: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.3.1 Overview
10.1.3.3.2 Mexico: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.3.3 Mexico: North America Diagnostic Labs Market, By Lab Type, 2019-2028 (US$ Billion)
10.1.3.3.4 Mexico: North America Diagnostic Labs Market, by Testing Services, 2019-2028 (US$ Billion)
10.1.3.3.5 Mexico: North America Diagnostic Labs Market, By Physiological Function Testing, 2019-2028 (US$ Billion)
10.1.3.3.6 Mexico: North America Diagnostic Labs Market, by Revenue Source, 2019-2028 (US$ Billion)
11. North America Diagnostic Labs Market-Industry Landscape
11.1 Overview
11.2 Growth Strategies in the North America Diagnostic Labs Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Quest Diagnostics Incorporated
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Eurofins Scientific
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Laboratory Corporation of America Holdings
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Exact Sciences Laboratories LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SYNLAB International GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Dasa Labs
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 BioReference
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sonic Healthcare Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Healius Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Quest Diagnostics Incorporated
  • Eurofins Scientific
  • Laboratory Corporation of America Holdings
  • Exact Sciences Laboratories LLC
  • SYNLAB International GmbH
  • Dasa Labs
  • Bio Reference
  • Sonic Healthcare Limited
  • Healius Limited