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Clinical Laboratory Service - Market Insights, Competitive Landscape, and Market Forecast - 2030

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    Report

  • 150 Pages
  • August 2024
  • Region: Global
  • DelveInsight
  • ID: 5985070

Clinical Laboratory Services Market By Test Type (Clinical Chemistry, Oncology, Microbiology, Immunology, Genetics, And Others), Service Provider (Hospital Laboratories, Independent Laboratories, Research Laboratories, And Others), And Geography (North America, Europe, Asia-Pacific, And Rest Of The World) is expected to grow at a steady CAGR forecast till 2030 owing to the rising cases of infectious diseases, lifestyle disorders, among others globally.

The clinical laboratory services market was valued at USD 263.53 billion in 2023, growing at a CAGR of 6.18% during the forecast period from 2024 to 2030 to reach USD 399.78 billion by 2030. The demand for clinical laboratory services is primarily being boosted owing to the rising cases of chronic and infectious diseases, lifestyle disorders such as obesity, diabetes, and high blood pressure, and growing initiatives by global market players and collaborations to provide diagnostic services, among others, are the key factors driving the demand for clinical laboratory services during the forecast period from 2024 to 2030.

Clinical Laboratory Services Market Dynamics:

One of the key factors influencing the growth of the clinical laboratory services market is the increasing prevalence of infectious and other lifestyle-based diseases such as Hepatitis, Diabetes, and others.

As per the World Health Organization (WHO) 2022 data, globally about 354 million people were living with hepatitis. The data published by WHO 2022 mentioned that globally around 37.7 million people were suffering from human immunodeficiency virus (HIV) in the year 2020.
The rising number of patients having diabetes will also increase the demand for clinical laboratory services in the upcoming years. For instance, according to the International Diabetes Federation, in the year 2022, approximately 537 million adults (20-79 years) were suffering from diabetes.

Also, as per the same source, the total number of people living with diabetes is projected to rise to 643 million by the year 2030 and 785 million by 2045 which will boost the market growth during the forecast period.
Owing to all the above-mentioned factors, the diagnosis rates for these diseases, which may also act as risk factors for new diseases, testing services, through clinical laboratory services is also expected to increase, which is thus expected to propel the market for clinical laboratory services market during the forecast period from 2024 to 2030.

However, the lack of a proper regulatory framework, and lack of skilled professionals, among others may act as significant restraints that are expected to limit the growth of the clinical laboratory services market during the forecast period.

Clinical Laboratory Services Market Segment Analysis:

Clinical Laboratory Services Market by Test Type (Clinical Chemistry, Oncology, Microbiology, Immunology, Genetics, and Others), End-User (Hospital Laboratories, Independent Laboratories, Research Laboratories, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the test type segment of the clinical laboratory services market, the oncology category is estimated to amass a significant revenue share in the clinical laboratory services market in 2023. This can be attributed to the growing burden of cancers worldwide, increasing services, latest service offerings, among others during the given forecast period.
As per data by GLOBOCAN (2024), the total number of incidences of cancer was reported to be 19,976,499 reported worldwide in the year 2022. Lung and breast cancers accounted for the highest number of cancer cases in 2022 worldwide.

The increasing number of cancers globally would potentially require more diagnostic services to properly diagnose, assess, and deliver accurate treatment regimens for the cure of that particular type of cancer.

In addition, to the increasing advancements by companies in terms of diagnostic and clinical services, the production of new diagnostic sites and laboratories is also expected to propel the market for clinical laboratory services during the forecast period.

For example, in June 2022, Karkinos Healthcare established an Advanced Center for Cancer Diagnosis and Research Center (ACCDR) and a Centre for Biomedical Research, Innovation and Commercialisation in Cancer (BRIC). These centers were set up to leverage capabilities and spearhead the cancer care delivery with robust, evidence-based, and data-supported protocols bringing in a generational shift in the way cancer care is delivered in India.
Hence, owing to all the aforementioned factors, the market will experience an increased demand for oncology-based clinical laboratory services, thus driving the category growth in the overall clinical laboratory services market during the forecast period from 2024 to 2030.

North America Is Expected To Dominate The Overall Clinical Laboratory Services Market:

North America is expected to account for the highest proportion of the clinical laboratory services market in 2023, out of all regions. Significant factors such as the rise in chronic and infectious diseases, a growing number of cancer cases, and the presence of a well-established healthcare infrastructure providing high-quality medical services, among others in North America would fuel the market growth for clinical laboratory services in the upcoming years.

As per data by GLOBOCAN (2024), approximately, 2,380,189 people were diagnosed with cancer in the US in 2022. Moreover, establishing new diagnostic facilities that provide high-quality medical services is also expected to increase the clinical laboratory service market in the forthcoming years.
For instance, In July 2021, Biofidelity Ltd expanded its presence in the US by establishing a new cancer diagnostic laboratory that performed new ASPYRE lung assays for oncologists, pathologists, laboratories, and pharmaceutical companies, using Biofidelity's breakthrough ASPYRE technology.

Moreover, the rising burden of elderly patients, the increasing prevalence of obesity, hypertension, and diabetes, and the presence of advanced healthcare facilities in the region are expected to boost the clinical laboratory service market in North America. For instance, the increasing prevalence of obesity and overweight individuals will expand the market for clinical laboratory services, as obese patients are highly vulnerable to develop various diseases that may affect their overall well-being. According to the Government of Canada, approximately 1 in 4 Canadian adults are living with obesity on average annually, with obesity rates higher among men compared to women.
Due to the large patient population base in North America and the presence of high-quality medical facilities in the region, the preference for clinical laboratory services for diagnostic and treatment purposes is expected to increase. Consequently, this will drive the demand for clinical laboratory services in the upcoming years.

Therefore, the interplay of these factors is anticipated to lead to growth in the North America Clinical Laboratory Services market during the forecast period from 2024 to 2030.

Clinical Laboratory Services Market Key Players:

Some of the key market players operating in the Clinical Laboratory Services market include Illumina Inc., Fresenius Medical Care, Laboratory Corporation of America Holdings (LabCorp), Charles River Laboratories, OPKO Health, Myriad Genetics Inc., Eurofins Scientific, Cerba Healthcare, Sonic Healthcare Limited, SYNLAB International GmbH, NeoGenomics Laboratories, Quest Diagnostics Incorporated, A.P Moller Holding, Enzo Clinical Labs, H.U. Group Holdings Inc., Genova Diagnostics, Qiagen N.V., Seimens Healthineers, Mayo Clinic Laboratories, Clinisys Laboratory Solutions, and others.

Recent Developmental Activities In The Clinical Laboratory Services Market:

  • In June 2024, Quest Diagnostics, the leader in diagnostic information services, announced that it completed the acquisition of PathAI Diagnostics from PathAI, to accelerate the adoption of AI and digital pathology to improve the diagnosis of cancer and other diseases.
  • In November 2023, Agilus Diagnostics launched an advanced laboratory spread over 2,000 square feet in Assam having multiple laboratory divisions including hematology, biochemistry, clinical pathology, serology, and microbiology; having access to Agilus’s extensive test menu comprising 3,000+ tests with preventive healthcare packages.
  • In April 2021, SYNLAB initiated a 15-year partnership with the UK’s NHS to deliver and transform medical diagnostic services for more than two million people. By combining SYNLAB’s scientific and diagnostics expertise with NHS clinical excellence and know-how, the partnership will significantly improve patient care and the experience of patients and medical customers

Key Takeaways From The Clinical Laboratory Services Market Report Study

  • Market size analysis for current Clinical Laboratory Services Market size (2023), and market forecast for 6 years (2024 to 2030)
  • Top key service offerings, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years
  • Key companies dominating the global Clinical Laboratory Services market.
  • Various opportunities available for the other competitors in the Clinical Laboratory Services Market space.
  • What are the top-performing segments in 2023? How these segments will perform in 2030?
  • Which are the top-performing regions and countries in the current Clinical Laboratory Services market scenario?
  • Which are the regions and countries where companies should have concentrated on opportunities for Clinical Laboratory Services market growth in the coming future?

Target Audience Who Can Be Benefited From This Clinical Laboratory Services Market Report Study

  • Clinical Laboratory Service providers
  • Public and Private Corporate companies
  • Clinical Laboratory Services-related organizations, associations, forums, and other alliances
  • Government and corporate offices
  • Start-up companies, venture capitalists, and private equity firms
  • Providers dealing in Clinical Laboratory Services
  • Various corporates who want to know more about the clinical laboratory services market and the latest service offerings in the clinical laboratory services market.

Frequently Asked Questions For The Clinical Laboratory Services Market:

1. What are Clinical Laboratory Services?

Clinical laboratory services are an integral part of the diagnostic process in healthcare. These services involve the examination of bodily samples such as blood, urine, tissues, and other fluids, seeking to detect abnormalities, pathogens, and changes in biochemical markers.

2. What is the market for Clinical Laboratory Services?

The clinical laboratory services market was valued at USD 263.53 billion in 2023, growing at a CAGR of 6.18% during the forecast period from 2024 to 2030 to reach USD 399.78 billion by 2030.

3. What are the drivers for the Global Clinical Laboratory Services market?

The Clinical Laboratory Services Market is slated to witness prosperity owing to the rising cases of chronic and infectious diseases, lifestyle disorders such as obesity, diabetes, and high blood pressure, growing initiatives by global market players, and collaborations to provide diagnostic services, among others, thus driving the demand for clinical laboratory services during the forecast period from 2024 to 2030.

4. Who are the key players operating in the global Clinical Laboratory Services market?

Some of the key market players operating in the Clinical Laboratory Services market include Illumina Inc., Fresenius Medical Care, Laboratory Corporation of America Holdings (LabCorp), Charles River Laboratories, OPKO Health, Myriad Genetics Inc., Eurofins Scientific, Cerba Healthcare, Sonic Healthcare Limited, SYNLAB International GmbH, NeoGenomics Laboratories, Quest Diagnostics Incorporated, A.P Moller Holding, Enzo Clinical Labs, H.U. Group Holdings Inc., Genova Diagnostics, Qiagen N.V., Seimens Healthineers, Mayo Clinic Laboratories, Clinisys Laboratory Solutions, and others.

5. Which region has the highest share in the Global Clinical Laboratory Services market?

North America is expected to dominate the overall Clinical Laboratory Services market during the forecast period from 2024 to 2030. Significant factors such as the rise in chronic and infectious diseases, a growing number of cancer cases, and the presence of a well-established healthcare infrastructure providing high-quality medical services, among others in North America would fuel the market growth for clinical laboratory services in the upcoming years.



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Table of Contents

1. Clinical Laboratory Services Market Report Introduction
1.1. Scope of the Study
1.2. Market Segmentation
1.3. Market Assumption
2. Clinical Laboratory Services Market Executive Summary
2.1. Market at Glance
3. Competitive Landscape
4. Clinical Laboratory Services Market Key Factors Analysis
4.1. Clinical Laboratory Services Market Drivers
4.1.1. Rising cases of chronic and infectious diseases
4.1.2. The growing number of lifestyle disorders such as obesity, diabetes, and high blood pressure
4.1.3. Growing initiatives by global market players and collaborations to provide diagnostic services
4.2. Clinical Laboratory Services Market Restraints and Challenges
4.2.1. Lack of a proper regulatory framework
4.2.2. Lack of skilled professionals
4.3. Clinical Laboratory Services Market Opportunities
4.3.1. Growing adoption of telemonitoring and teleconsulting by laboratory service providers
5. Clinical Laboratory Services Market Porter’s Five Forces Analysis
5.1. Bargaining Power of Suppliers
5.2. Bargaining Power of Consumers
5.3. Threat of New Entrants
5.4. Threat of Substitutes
5.5. Competitive Rivalry
6. Clinical Laboratory Services Market Assessment
6.1. By Test Type
6.1.1. Clinical Chemistry
6.1.2. Oncology
6.1.3. Microbiology
6.1.4. Immunology
6.1.5. Genetics
6.1.6. Others
6.2. By Service Provider
6.2.1. Hospital Laboratories
6.2.2. Independent Laboratories
6.2.3. Research Laboratories
6.2.4. Others
6.3. By Geography
6.3.1. North America
6.3.1.1. United States Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.1.2. Canada Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.1.3. Mexico Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.2. Europe
6.3.2.1. France Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.2.2. Germany Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.2.3. United Kingdom Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.2.4. Italy Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.2.5. Spain Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.2.6. Rest of Europe Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.3. Asia-Pacific
6.3.3.1. China Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.3.2. Japan Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.3.3. India Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.3.4. Australia Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.3.5. South Korea Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.3.6. Rest of Asia-Pacific Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.4. Rest of the World (RoW)
6.3.4.1. Middle East Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.4.2. Africa Clinical Laboratory Services Market Size in USD million (2021-2030)
6.3.4.3. South America Clinical Laboratory Services Market Size in USD million (2021-2030)
7. Clinical Laboratory Services Market Company and Product Profiles
7.1. Illumina Inc.
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Financial Overview
7.1.4. Product Listing
7.1.5. Entropy
7.2. Fresenius Medical Care
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Financial Overview
7.2.4. Product Listing
7.2.5. Entropy
7.3. Laboratory Corporation of America Holdings (Labcorp)
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Financial Overview
7.3.4. Product Listing
7.3.5. Entropy
7.4. Charles River Laboratories
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Financial Overview
7.4.4. Product Listing
7.4.5. Entropy
7.5. OPKO Health
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Financial Overview
7.5.4. Product Listing
7.5.5. Entropy
7.6. Myriad Genetics Inc.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Financial Overview
7.6.4. Product Listing
7.6.5. Entropy
7.7. Eurofins Scientific
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Financial Overview
7.7.4. Product Listing
7.7.5. Entropy
7.8. Cerba Healthcare
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Financial Overview
7.8.4. Product Listing
7.8.5. Entropy
7.9. Sonic Healthcare Limited
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Financial Overview
7.9.4. Product Listing
7.9.5. Entropy
7.10. SYNLAB International GmbH
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Financial Overview
7.10.4. Product Listing
7.10.5. Entropy
7.11. NeoGenomics Laboratories
7.11.1. Company Overview
7.11.2. Company Snapshot
7.11.3. Financial Overview
7.11.4. Product Listing
7.11.5. Entropy
7.12. Quest Diagnostics Incorporated
7.12.1. Company Overview
7.12.2. Company Snapshot
7.12.3. Financial Overview
7.12.4. Product Listing
7.12.5. Entropy
7.13. A.P Moller Holding
7.13.1. Company Overview
7.13.2. Company Snapshot
7.13.3. Financial Overview
7.13.4. Product Listing
7.13.5. Entropy
7.14. Enzo Clinical Labs
7.14.1. Company Overview
7.14.2. Company Snapshot
7.14.3. Financial Overview
7.14.4. Product Listing
7.14.5. Entropy
7.15. H.U. Group Holdings Inc.
7.15.1. Company Overview
7.15.2. Company Snapshot
7.15.3. Financial Overview
7.15.4. Product Listing
7.15.5. Entropy
7.16. Genova Diagnostics
7.16.1. Company Overview
7.16.2. Company Snapshot
7.16.3. Financial Overview
7.16.4. Product Listing
7.16.5. Entropy
7.17. Qiagen N.V.
7.17.1. Company Overview
7.17.2. Company Snapshot
7.17.3. Financial Overview
7.17.4. Product Listing
7.17.5. Entropy
7.18. Seimens Healthineers
7.18.1. Company Overview
7.18.2. Company Snapshot
7.18.3. Financial Overview
7.18.4. Product Listing
7.18.5. Entropy
7.19. Mayo Clinic Laboratories
7.19.1. Company Overview
7.19.2. Company Snapshot
7.19.3. Financial Overview
7.19.4. Product Listing
7.19.5. Entropy
7.20. Clinisys Laboratory Solutions
7.20.1. Company Overview
7.20.2. Company Snapshot
7.20.3. Financial Overview
7.20.4. Product Listing
7.20.5. Entropy
8. KOL Views9. Project Approach10. About the Publisher
11. Disclaimer
Table 1: Competitive Analysis
Table 2: Clinical Laboratory Services Market in Global (2021-2030)
Table 3: Clinical Laboratory Services Market in Global by Test Type (2021-2030)
Table 4: Clinical Laboratory Services Market in Global by Service Provider (2021-2030)
Table 5: Clinical Laboratory Services Market in Global by Geography (2021-2030)
Table 6: Clinical Laboratory Services Market in North America (2021-2030)
Table 7: Clinical Laboratory Services Market in North America by Country (2021-2030)
Table 8: Clinical Laboratory Services Market in the United States (2021-2030)
Table 9: Clinical Laboratory Services Market in Canada (2021-2030)
Table 10: Clinical Laboratory Services Market in Mexico (2021-2030)
Table 11: Clinical Laboratory Services Market in Europe (2021-2030)
Table 12: Clinical Laboratory Services Market in Europe by Country (2021-2030)
Table 13: Clinical Laboratory Services Market in France (2021-2030)
Table 14: Clinical Laboratory Services Market in Germany (2021-2030)
Table 15: Clinical Laboratory Services Market in the United Kingdom (2021-2030)
Table 16: Clinical Laboratory Services Market in Italy (2021-2030)
Table 17: Clinical Laboratory Services Market in Spain (2021-2030)
Table 18: Clinical Laboratory Services Market in the Rest of Europe (2021-2030)
Table 19: Clinical Laboratory Services Market in Asia-Pacific (2021-2030)
Table 20: Clinical Laboratory Services Market in Asia-Pacific by Country (2021-2030)
Table 21: Clinical Laboratory Services Market in China (2021-2030)
Table 22: Clinical Laboratory Services Market in Japan (2021-2030)
Table 23: Clinical Laboratory Services Market in India (2021-2030)
Table 24: Clinical Laboratory Services Market in Australia (2021-2030)
Table 25: Clinical Laboratory Services Market in South Korea (2021-2030)
Table 26: Clinical Laboratory Services Market in Rest of Asia-Pacific (2021-2030)
Table 27: Clinical Laboratory Services Market in the Rest of the World (2021-2030)
Table 28: Clinical Laboratory Services Market in RoW by Region (2021-2030)
Table 29: Clinical Laboratory Services Market in the Middle East (2021-2030)
Table 30: Clinical Laboratory Services Market in Africa (2021-2030)
Table 31: Clinical Laboratory Services Market in South America (2021-2030)
Figure 1: Competitive Analysis
Figure 2: Clinical Laboratory Services Market in Global (2021-2030)
Figure 3: Clinical Laboratory Services Market in Global by Test Type (2021-2030)
Figure 4: Clinical Laboratory Services Market in Global by Service Provider (2021-2030)
Figure 5: Clinical Laboratory Services Market in Global by Geography (2021-2030)
Figure 6: Clinical Laboratory Services Market in North America (2021-2030)
Figure 7: Clinical Laboratory Services Market in North America by Country (2021-2030)
Figure 8: Clinical Laboratory Services Market in the United States (2021-2030)
Figure 9: Clinical Laboratory Services Market in Canada (2021-2030)
Figure 10: Clinical Laboratory Services Market in Mexico (2021-2030)
Figure 11: Clinical Laboratory Services Market in Europe (2021-2030)
Figure 12: Clinical Laboratory Services Market in Europe by Country (2021-2030)
Figure 13: Clinical Laboratory Services Market in France (2021-2030)
Figure 14: Clinical Laboratory Services Market in Germany (2021-2030)
Figure 15: Clinical Laboratory Services Market in the United Kingdom (2021-2030)
Figure 16: Clinical Laboratory Services Market in Italy (2021-2030)
Figure 17: Clinical Laboratory Services Market in Spain (2021-2030)
Figure 18: Clinical Laboratory Services Market in the Rest of Europe (2021-2030)
Figure 19: Clinical Laboratory Services Market in Asia-Pacific (2021-2030)
Figure 20: Clinical Laboratory Services Market in Asia-Pacific by Country (2021-2030)
Figure 21: Clinical Laboratory Services Market in China (2021-2030)
Figure 22: Clinical Laboratory Services Market in Japan (2021-2030)
Figure 23: Clinical Laboratory Services Market in India (2021-2030)
Figure 24: Clinical Laboratory Services Market in Australia (2021-2030)
Figure 25: Clinical Laboratory Services Market in South Korea (2021-2030)
Figure 26: Clinical Laboratory Services Market in Rest of Asia-Pacific (2021-2030)
Figure 27: Clinical Laboratory Services Market in the Rest of the World (2021-2030)
Figure 28: Clinical Laboratory Services Market in RoW by Region (2021-2030)
Figure 29: Clinical Laboratory Services Market in the Middle East (2021-2030)
Figure 30: Clinical Laboratory Services Market in Africa (2021-2030)
Figure 31: Clinical Laboratory Services Market in South America (2021-2030)
Figure 32: Market Drivers
Figure 33: Market Barriers
Figure 34: Marker Opportunities
Figure 35: PORTER'S Five Force Analysis

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Illumina Inc.
  • Fresenius Medical Care
  • Laboratory Corporation of America Holdings (LabCorp)
  • Charles River Laboratories
  • OPKO Health
  • Myriad Genetics Inc.
  • Eurofins Scientific
  • Cerba Healthcare
  • Sonic Healthcare Limited
  • SYNLAB International GmbH
  • NeoGenomics Laboratories
  • Quest Diagnostics Incorporated
  • A.P Moller Holding
  • Enzo Clinical Labs
  • H.U. Group Holdings Inc.
  • Genova Diagnostics
  • Qiagen N.V.
  • Seimens Healthineers
  • Mayo Clinic Laboratories
  • Clinisys Laboratory Solutions