Global Laboratory Developed Tests Market Size study, by Technology Outlook, by Application Outlook and Regional Forecasts 2022-2032

Description

List of Tables

Global Laboratory Developed Tests Market is valued at approximately USD 12.36 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.21% over the forecast period 2024-2032. Diagnostic tests created, verified, and carried out in a single laboratory are referred to as laboratory designed tests, or LDTs. These tests are frequently employed in situations where commercial tests are unavailable or do not adequately address the special demands of a patient group. They are intended to identify a broad variety of ailments, from infectious infections to genetic abnormalities. When a test is required but not yet commercially accessible, or when current tests do not satisfy the unique needs of a given patient population, Laboratory Diagnostic Tests are frequently employed. The increasing incidence of genetic abnormalities and cancer is thought to be contributing to the market growth, along with an increase in the number of new product releases.

The market for Laboratory Developed Tests is growing due to the rising prevalence of different health conditions. Another significant factor boosting demand for Laboratory-Developed Tests is the increasing requirement for customized medicine, which makes these tests a more flexible and accessible option for medical professionals. Market sales are being driven by the growing need for affordable diagnostics, which lowers the cost of healthcare for consumers. Furthermore, the versatility of laboratory-created tests opens new possibilities for the development of diagnostic tools for a variety of illnesses. However, it might be difficult to guarantee the accuracy and consistency of LDTs, especially for labs without access to standard operating procedures and chemicals. Disparities in patient care and a potential threat to the legitimacy of LDTs can arise from variations in testing procedures and outcomes. Although establishing standardization procedures and quality control mechanisms for Laboratory Developed Tests is crucial, it will be labor- and resource-intensive, which hinders market expansion.

The key regions considered for the Global Laboratory Developed Tests Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America is dominating the market for laboratory-developed tests. The senior population, rising healthcare costs, the frequency of chronic illnesses, and government financing are all responsible for this high percentage. Furthermore, the coronavirus pandemic had a favorable effect on growth. The COVID-19 epidemic led to an increase in the number of tests because of the growing need for prompt on-site screening. In addition, the market is expanding significantly due to the rising incidence of cancer and the quick advancement of diagnostics. The fastest growing region for Laboratory Developed Tests Market is Asia Pacific.

Major market player included in this report are:

Quest Diagnostics Incorporated.
23andMe, Inc.
Abbott
Guardant Health
NeoGenomics Laboratories.
Siemens Healthineers AG
QIAGEN
Illumina, Inc.
Eurofins Scientific
F. Hoffmann-La Roche Ltd.

The detailed segments and sub-segment of the market are explained below:

By Technology Outlook

Immunoassays
Hematology & Coagulation
Molecular Diagnostics
Microbiology
Clinical Chemistry
Histology/Cytology
Flow Cytometry
Mass Spectroscopy
Others

By Application Outlook

Oncology
Genetic Disorders/Inherited Disease
Infectious & Parasitic Diseases
Immunology
Endocrine
Nutritional & Metabolic Disease
Cardiology
Mental/Behavioral Disorder
Pediatrics-specific Testing
Hematology/General Blood Test
Bodily Fluid Analysis
Toxicology
Other Diseases

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
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1.Global Laboratory Developed Tests Market Definition and Research Assumptions

1.1.Research Objective
1.2.Market Definition
1.3.Research Assumptions
- 1.3.1.Inclusion & Exclusion
- 1.3.2.Limitations
- 1.3.3.Supply Side Analysis
  - 1.3.3.1.Availability
  - 1.3.3.2.Infrastructure
  - 1.3.3.3.Regulatory Environment
  - 1.3.3.4.Market Competition
  - 1.3.3.5.Economic Viability (Consumer's Perspective)
- 1.3.4.Demand Side Analysis
  - 1.3.4.1.Regulatory frameworks
  - 1.3.4.2.Technological Advancements
  - 1.3.4.3.Environmental Considerations
  - 1.3.4.4.Consumer Awareness & Acceptance
1.4.Estimation Methodology
1.5.Years Considered for the Study
1.6.Currency Conversion Rates

Chapter 2.Executive Summary

2.1.Global Laboratory Developed Tests Market Size & Forecast (2022- 2032)
2.2.Regional Summary
2.3.Segmental Summary
- 2.3.1.By Technology Outlook
- 2.3.2.By Application Outlook
2.4.Key Trends
2.5.Recession Impact
2.6.Analyst Recommendation & Conclusion

Chapter 3.Global Laboratory Developed Tests Market Dynamics

3.1.Market Drivers
3.2.Market Challenges
3.3.Market Opportunities

Chapter 4.Global Laboratory Developed 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
- 4.1.6.Futuristic Approach to Porter's 5 Force Model
- 4.1.7.Porter's 5 Force Impact Analysis
4.2.PESTEL Analysis
- 4.2.1.Political
- 4.2.2.Economical
- 4.2.3.Social
- 4.2.4.Technological
- 4.2.5.Environmental
- 4.2.6.Legal
4.3.Top investment opportunity
4.4.Top winning strategies
4.5.Disruptive Trends
4.6.Industry Expert Perspective
4.7.Analyst Recommendation & Conclusion

Chapter 5.Global Laboratory Developed Tests Market Size & Forecasts by Technology Outlook 2022-2032

5.1.Immunoassays
5.2.Hematology & Coagulation
5.3.Molecular Diagnostics
5.4.Microbiology
5.5.Clinical Chemistry
5.6.Histology/Cytology
5.7.Flow Cytometry
5.8.Mass Spectroscopy
5.9. Others

Chapter 6.Global Laboratory Developed Tests Market Size & Forecasts by Application Outlook 2022-2032

6.1.Oncology
6.2.Genetic Disorders/Inherited Disease
6.3. Infectious & Parasitic Diseases
6.4. Immunology
6.5.Endocrine
6.6.Nutritional & Metabolic Disease
6.7. Cardiology
6.8. Mental/Behavioral Disorder
6.9. Pediatrics-specific Testing
6.10. Hematology/General Blood Test
6.11. Bodily Fluid Analysis
6.12. Toxicology
6.13. Other Diseases

Chapter 7.Global Laboratory Developed Tests Market Size & Forecasts by Region 2022-2032

7.1.North America Laboratory Developed Tests Market
- 7.1.1.U.S. Laboratory Developed Tests Market
  - 7.1.1.1. Technology outlook breakdown size & forecasts, 2022-2032
  - 7.1.1.2.Application outlook breakdown size & forecasts, 2022-2032
- 7.1.2.Canada Laboratory Developed Tests Market
7.2.Europe Laboratory Developed Tests Market
- 7.2.1.U.K. Laboratory Developed Tests Market
- 7.2.2.Germany Laboratory Developed Tests Market
- 7.2.3.France Laboratory Developed Tests Market
- 7.2.4.Spain Laboratory Developed Tests Market
- 7.2.5.Italy Laboratory Developed Tests Market
- 7.2.6.Rest of Europe Laboratory Developed Tests Market
7.3.Asia-Pacific Laboratory Developed Tests Market
- 7.3.1.China Laboratory Developed Tests Market
- 7.3.2.India Laboratory Developed Tests Market
- 7.3.3.Japan Laboratory Developed Tests Market
- 7.3.4.Australia Laboratory Developed Tests Market
- 7.3.5.South Korea Laboratory Developed Tests Market
- 7.3.6.Rest of Asia Pacific Laboratory Developed Tests Market
7.4.Latin America Laboratory Developed Tests Market
- 7.4.1.Brazil Laboratory Developed Tests Market
- 7.4.2.Mexico Laboratory Developed Tests Market
- 7.4.3.Rest of Latin America Laboratory Developed Tests Market
7.5.Middle East & Africa Laboratory Developed Tests Market
- 7.5.1. Saudi Arabia Laboratory Developed Tests Market
- 7.5.2. South Africa Laboratory Developed Tests Market
- 7.5.3.Rest of Middle East & Africa Laboratory Developed Tests Market

Chapter 8.Competitive Intelligence

8.1.Key Company SWOT Analysis
8.2.Top Market Strategies
8.3.Company Profiles
- 8.3.1.Quest Diagnostic Incorporated
  - 8.3.1.1.Key Information
  - 8.3.1.2.Overview
  - 8.3.1.3.Financial (Subject to Data Availability)
  - 8.3.1.4.Product Summary
  - 8.3.1.5.Market Strategies
- 8.3.2. 23andMe, Inc.
- 8.3.3. Abbott
- 8.3.4. Guardant Health
- 8.3.5. NeoGenomics Laboratories.
- 8.3.6. Siemens Healthineers AG
- 8.3.7. QIAGEN
- 8.3.8. Illumina, Inc.
- 8.3.9. Eurofins Scientific
- 8.3.10.F. Hoffmann-La Roche Ltd.

Chapter 9.Research Process

9.1.Research Process
- 9.1.1.Data Mining
- 9.1.2.Analysis
- 9.1.3.Market Estimation
- 9.1.4.Validation
- 9.1.5.Publishing
9.2.Research Attributes

LIST OF TABLES

TABLE 1.Global Laboratory Developed Tests Market, report scope
TABLE 2.Global Laboratory Developed Tests Market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3.Global Laboratory Developed Tests Market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 4.Global Laboratory Developed Tests Market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5.Global Laboratory Developed Tests Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6.Global Laboratory Developed Tests Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7.Global Laboratory Developed Tests Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8.Global Laboratory Developed Tests Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9.Global Laboratory Developed Tests Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10.Global Laboratory Developed Tests Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11.Global Laboratory Developed Tests Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12.Global Laboratory Developed Tests Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13.Global Laboratory Developed Tests Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14.Global Laboratory Developed Tests Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15.U.S. Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16.U.S. Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17.U.S. Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18.Canada Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19.Canada Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20.Canada Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21.UK Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22.UK Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23.UK Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24.Germany Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25.Germany Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26.Germany Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27.France Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28.France Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29.France Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30.Italy Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31.Italy Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32.Italy Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33.Spain Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34.Spain Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35.Spain Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36.RoE Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37.RoE Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38.RoE Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39.China Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40.China Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41.China Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42.India Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43.India Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44.India Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45.Japan Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46.Japan Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47.Japan Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48.Australia Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49.Australia Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50.Australia Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51.South Korea Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52.South Korea Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53.South Korea Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54.
TABLE 55.RoAPAC Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 56.RoAPAC Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57.RoAPAC Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58.Brazil Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59.Brazil Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60.Brazil Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61.Mexico Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62.Mexico Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63.Mexico Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64.RoLA Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65.RoLA Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66.RoLA Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67.Saudi Arabia Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68.Saudi Arabia Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69.Saudi Arabia Laboratory Developed Tests Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70.South Africa Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 71.
TABLE 72.South Africa Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73.South Africa Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74.RoMEA Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75.RoMEA Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76.RoMEA Laboratory Developed Tests Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77.List of secondary sources, used in the study of Global Laboratory Developed Tests Market.
TABLE 78.List of primary sources, used in the study of Global Laboratory Developed Tests Market.
TABLE 79.Years considered for the study.
TABLE 80.Exchange rates considered.

LIST OF FIGURES

FIG 1.Global Laboratory Developed Tests Market, research methodology
FIG 2.Global Laboratory Developed Tests Market, market estimation techniques
FIG 3.Global market size estimates & forecast methods.
FIG 4.Global Laboratory Developed Tests Market, key trends 2023
FIG 5.Global Laboratory Developed Tests Market, growth prospects 2022-2032
FIG 6.Global Laboratory Developed Tests Market, porters 5 force model
FIG 7.Global Laboratory Developed Tests Market, pestel analysis
FIG 8.Global Laboratory Developed Tests Market, value chain analysis
FIG 9.Global Laboratory Developed Tests Market by segment, 2022 & 2032 (USD Billion)
FIG 10.Global Laboratory Developed Tests Market by segment, 2022 & 2032 (USD Billion)
FIG 11.Global Laboratory Developed Tests Market by segment, 2022 & 2032 (USD Billion)
FIG 12.Global Laboratory Developed Tests Market by segment, 2022 & 2032 (USD Billion)
FIG 13.Global Laboratory Developed Tests Market by segment, 2022 & 2032 (USD Billion)
FIG 14.Global Laboratory Developed Tests Market, regional snapshot 2022 & 2032
FIG 15.North America Laboratory Developed Tests Market 2022 & 2032 (USD Billion)
FIG 16.Europe Laboratory Developed Tests Market 2022 & 2032 (USD Billion)
FIG 17.Asia pacific Laboratory Developed Tests Market 2022 & 2032 (USD Billion)
FIG 18.Latin America Laboratory Developed Tests Market 2022 & 2032 (USD Billion)
FIG 19.Middle East & Africa Laboratory Developed Tests Market 2022 & 2032 (USD Billion)

Global Laboratory Developed Tests Market, company market share analysis (2023)