Global Clinical Laboratory Tests Market Size study & Forecast, by Type, By End-Use, and Regional Analysis, 2022-2029

Description

List of Tables

Global Clinical Laboratory Tests Market is valued at approximately USD 94.7 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.4% over the forecast period 2022-2029. Clinical laboratory tests are medical tests that are performed on samples of blood, urine, other bodily fluids, or tissue in order to diagnose or monitor a wide range of health conditions and diseases. These tests can provide information about a person's overall health, as well as specific conditions such as infections, cancers, and genetic disorders. The market demand is primarily driven by the factors such as the global population ages, the demand for clinical laboratory tests is expected to increase, as older adults are more likely to develop age-related diseases and conditions that require diagnostic testing, coupled with Governments around the world have been investing in healthcare infrastructure and promoting healthcare access for their citizens. This has led to an increased demand for clinical laboratory tests, as more people are able to access healthcare services and are diagnosed with diseases that require laboratory testing.

In addition, the global burden of chronic diseases, such as diabetes, cardiovascular disease, and cancer, is increasing, driving demand for clinical laboratory tests to diagnose, monitor, and manage these conditions are acting as major driving factors for market growth. According to World Health Organization, Non-communicable diseases (NCDs) account for 41 million annual fatalities, or 71% of all fatalities worldwide. Between the ages of 30 and 69, more than 15 million people per year pass away from an NCD; 85% of these "premature" deaths take place in low- and middle-income nations. The majority of NCD deaths, or 17.9 million people per year, are caused by cardiovascular diseases, followed by malignancies (9.3 million), respiratory illnesses (4.1 million), and diabetes (1.5 million). Almost 80% of all NCD-related deaths that occur prematurely are caused by these four disease types, thus, in turn, these factors are expected to escalate the demand for Clinical Laboratory Tests in the global market. Furthermore, the adoption and development of data management and informatics solutions to support efficient operations, as well as recent advancements in technology are presenting lucrative opportunities for market growth over the forthcoming years. However, the ambiguous regulatory framework is restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Clinical Laboratory Tests Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the widespread use of several medications as well as for regional biotechnology businesses. The region market may also be driven by rising technological innovation, and as the elderly population grows, so does the demand for diagnostic tools. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as increasing investment in the research and development sector and the healthcare sector are burgeoning the market growth in the forecasting years.

Major market players included in this report are:

Quest Diagnostics
Abbott Laboratories
NeoGenomics Laboratories Inc.
Laboratory Corporation of America Holdings
ARUP Laboratories
OPKO Health, Inc.
UNILABS
Clinical Reference Laboratory, Inc.
Synnovis Group LLP
Sonic Healthcare Limited.

Recent Developments in the Market:

In March 2023, OPKO Health, Inc. stated that ModeX Therapeutics, Inc., a subsidiary of OPKO Health, had signed an exclusive licence and partnership agreement for the development of MDX-2201, ModeX's preclinical nanoparticle vaccine candidate for EBV, with Merck, also known as MSD outside of the United States and Canada.
In February 2023, Unilabs, a prominent diagnostic services provider, and Siemens Healthineers, a leading medical technology business, announced a multi-year agreement. Unilabs has made a significant investment in the cutting-edge technology of Siemens Healthineers and will buy more than 400 laboratory analyzers to further enhance its laboratory infrastructure and provide its clients with unmatched service.
In February 2023, Abbott Laboratories and Cardiovascular Systems, Inc. (CSI) signed a definitive agreement for Abbott to purchase CSI, a medical device business with a novel atherectomy system utilised in the treatment of peripheral and coronary artery disease. With the acquisition of CSI, Abbott's market-leading vascular device lineup will now include new, complementary technologies.
In November 2022, NeoGenomics, Inc. (NASDAQ:NEO), a company that provides of oncology testing and global contract research services, announced the launch of a novel biomarker testing programme for patients with epithelial ovarian cancer, including primary peritoneal or fallopian tube tumours (EOC). EOC patients will have access to the FOLR1 IHC CDx test (VENTANA FOLR1 RxDx Assay), carried out by NeoGenomics to assess the expression of a protein known as folate receptor alpha (FR), under the FR-ASSISTTM initiative, sponsored by ImmunoGen, Inc.

Global Clinical Laboratory Tests Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Type, End-Use, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

Complete Blood Count
HGB/ HCT testing
Basic Metabolic Panel Testing
BUN Creatinine Testing
Electrolytes Testing
HbA1c Testing
Comprehensive Metabolic Panel Testing
Liver Panel Testing
Renal Panel Testing
Lipid Panel Testing
Cardiovascular Panel Tests

By End-Use:

Central Laboratories
Primary Clinics

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Clinical Laboratory Tests Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Clinical Laboratory Tests Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Clinical Laboratory Tests Market, by End-Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Clinical Laboratory Tests Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Clinical Laboratory Tests Market Dynamics

3.1. Clinical Laboratory Tests Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing geriatric population.
  - 3.1.1.2. Government initiatives to promote healthcare.
  - 3.1.1.3. Increasing prevalence of chronic and infectious diseases.
- 3.1.2. Market Challenges
  - 3.1.2.1. Ambiguous regulatory framework.
- 3.1.3. Market Opportunities
  - 3.1.3.1. Development of data management and informatics solutions.
  - 3.1.3.2. Recent advancements in technology.

Chapter 4. Global Clinical Laboratory Tests Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Clinical Laboratory Tests Market, by Type

6.1. Market Snapshot
6.2. Global Clinical Laboratory Tests Market by Type, Performance - Potential Analysis
6.3. Global Clinical Laboratory Tests Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Clinical Laboratory Tests Market, Sub Segment Analysis
- 6.4.1. Complete Blood Count
- 6.4.2. HGB/ HCT testing
- 6.4.3. Basic Metabolic Panel Testing
- 6.4.4. BUN Creatinine Testing
- 6.4.5. Electrolytes Testing
- 6.4.6. HbA1c Testing
- 6.4.7. Comprehensive Metabolic Panel Testing
- 6.4.8. Liver Panel Testing
- 6.4.9. Renal Panel Testing
- 6.4.10. Lipid Panel Testing
- 6.4.11. Cardiovascular Panel Tests

Chapter 7. Global Clinical Laboratory Tests Market, by End-Use

7.1. Market Snapshot
7.2. Global Clinical Laboratory Tests Market by End-Use, Performance - Potential Analysis
7.3. Global Clinical Laboratory Tests Market Estimates & Forecasts by End-Use 2019-2029 (USD Billion)
7.4. Clinical Laboratory Tests Market, Sub Segment Analysis
- 7.4.1. Central Laboratories
- 7.4.2. Primary Clinics

Chapter 8. Global Clinical Laboratory Tests Market, Regional Analysis

8.1. Clinical Laboratory Tests Market, Regional Market Snapshot
8.2. North America Clinical Laboratory Tests Market
- 8.2.1. U.S. Clinical Laboratory Tests Market
  - 8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
  - 8.2.1.2. End-Use breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Clinical Laboratory Tests Market
8.3. Europe Clinical Laboratory Tests Market Snapshot
- 8.3.1. U.K. Clinical Laboratory Tests Market
- 8.3.2. Germany Clinical Laboratory Tests Market
- 8.3.3. France Clinical Laboratory Tests Market
- 8.3.4. Spain Clinical Laboratory Tests Market
- 8.3.5. Italy Clinical Laboratory Tests Market
- 8.3.6. Rest of Europe Clinical Laboratory Tests Market
8.4. Asia-Pacific Clinical Laboratory Tests Market Snapshot
- 8.4.1. China Clinical Laboratory Tests Market
- 8.4.2. India Clinical Laboratory Tests Market
- 8.4.3. Japan Clinical Laboratory Tests Market
- 8.4.4. Australia Clinical Laboratory Tests Market
- 8.4.5. South Korea Clinical Laboratory Tests Market
- 8.4.6. Rest of Asia Pacific Clinical Laboratory Tests Market
8.5. Latin America Clinical Laboratory Tests Market Snapshot
- 8.5.1. Brazil Clinical Laboratory Tests Market
- 8.5.2. Mexico Clinical Laboratory Tests Market
- 8.5.3. Rest of Latin America Clinical Laboratory Tests Market
8.6. Rest of The World Clinical Laboratory Tests Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Company Profiles
- 9.2.1. Quest Diagnostics
  - 9.2.1.1. Key Information
  - 9.2.1.2. Overview
  - 9.2.1.3. Financial (Subject to Data Availability)
  - 9.2.1.4. Product Summary
  - 9.2.1.5. Recent Developments
- 9.2.2. Abbott Laboratories
- 9.2.3. NeoGenomics Laboratories Inc.
- 9.2.4. Laboratory Corporation of America Holdings
- 9.2.5. ARUP Laboratories
- 9.2.6. OPKO Health, Inc.
- 9.2.7. UNILABS
- 9.2.8. Clinical Reference Laboratory, Inc.
- 9.2.9. Synnovis Group LLP
- 9.2.10. Sonic Healthcare Limited.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Clinical Laboratory Tests Market, report scope
TABLE 2. Global Clinical Laboratory Tests Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Clinical Laboratory Tests Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 4. Global Clinical Laboratory Tests Market estimates & forecasts by End-Use 2019-2029 (USD Billion)
TABLE 5. Global Clinical Laboratory Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Clinical Laboratory Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Clinical Laboratory Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Clinical Laboratory Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Clinical Laboratory Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Clinical Laboratory Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Clinical Laboratory Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Clinical Laboratory Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Clinical Laboratory Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Clinical Laboratory Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Clinical Laboratory Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Clinical Laboratory Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Clinical Laboratory Tests Market
TABLE 70. List of primary sources, used in the study of global Clinical Laboratory Tests Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Clinical Laboratory Tests Market, research methodology
FIG 2. Global Clinical Laboratory Tests Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Clinical Laboratory Tests Market, key trends 2021
FIG 5. Global Clinical Laboratory Tests Market, growth prospects 2022-2029
FIG 6. Global Clinical Laboratory Tests Market, porters 5 force model
FIG 7. Global Clinical Laboratory Tests Market, pest analysis
FIG 8. Global Clinical Laboratory Tests Market, value chain analysis
FIG 9. Global Clinical Laboratory Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Clinical Laboratory Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Clinical Laboratory Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Clinical Laboratory Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Clinical Laboratory Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Clinical Laboratory Tests Market, regional snapshot 2019 & 2029
FIG 15. North America Clinical Laboratory Tests Market 2019 & 2029 (USD Billion)
FIG 16. Europe Clinical Laboratory Tests Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Clinical Laboratory Tests Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Clinical Laboratory Tests Market 2019 & 2029 (USD Billion)
FIG 19. Global Clinical Laboratory Tests Market, company Market share analysis (2021)