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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463049
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463049
Central Lab Market Share, Size, Trends, Industry Analysis Report, By Service, By End-use (Pharmaceutical Companies, Biotechnology Companies, Academic & Research Institutes), By Region, And Segment Forecasts, 2024 - 2032
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PAGES: 115 Pages
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The global central lab market size is expected to reach USD 5.55 billion by 2032, according to a new study by Polaris Market Research. The report "Central Lab Market Share, Size, Trends, Industry Analysis Report, By Service, By End-use (Pharmaceutical Companies, Biotechnology Companies, Academic & Research Institutes), By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The trend of outsourcing central lab work in the clinical trial industry has been on the rise, presenting lucrative business opportunities for central labs. Approximately 80% of central lab work is outsourced by investigators and sponsors, with a preference for labs offering comprehensive integrated services. The surge in investment in research and development (R&D) is notable, driven by increased focus on the pharmaceutical industry, especially during the pandemic.
As the world enters the third year of the pandemic, the heightened investment in science has enriched the pipeline, leading to the initiation of numerous clinical trials. Throughout the pandemic, there has been a steady growth in activity related to interventional studies. The pharmaceutical industry has adapted to new ways of conducting trials to manage ongoing clinical research effectively during the pandemic.
The global competition in the market is heating up due to the emergence of small- and medium-scale central laboratories, a trend particularly pronounced in developing regions. These laboratories are assuming a crucial role in the worldwide administration of clinical trials, offering central laboratory services at significantly reduced costs-20% to 35% lower compared to rates in Europe & the U.S. Moreover, the cost-effectiveness of conducting clinical trials in developing economies makes central laboratories in these regions more attractive, with lower logistics costs and proximity to trial locations contributing to their appeal.
The pandemic has escorted in new growth opportunities, particularly with a heightened emphasis on the development of mRNA vaccines and investigations into various treatment options for COVID-19. However, the effective handling of samples, along with managing the supply chain and logistics, is crucial in the context of samples sent to clinical labs. These samples, often associated with COVID-19 testing and research, are highly sensitive. Ensuring swift and efficient logistics is essential, especially with the implementation of temperature control measures. Maintaining the stability of these samples throughout transportation is critical to obtain accurate and reliable results in laboratory analyses. The intricacies of sample handling and logistics underscore the importance of a well-organized and responsive system to support research and diagnostic efforts related to the pandemic.
Central Lab Market Report Highlights
Genetic services segment will grow rapidly, owing to rising cases of genetic inheritance, and use in many clinical studies
Pharmaceutical companies held the largest share, primarily due to rise in number of clinical trials
North America dominated the market, on account of rise in personalized treatment in the developed economies
The key market players include ACM Global Laboratories, Labconnect, Cerba Research, Medicover Integrated Clinical Services, Versiti, & Cirion Biopharma
Polaris Market Research has segmented the central lab market report based on services, end use, and region:
Central Lab, Services Outlook (Revenue - USD Billion, 2019 - 2032)
- Genetic Services
- Biomarker Services
- Microbiology Services
- Anatomic Pathology/Histology
- Specimen Management & Storage
- Special Chemistry Services
- Others
Central Lab, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Pharmaceutical Companies
- Biotechnology Companies
- Academic & Research Institutes
Central Lab, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM4419
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Central Lab Market Insights
- 4.1. Central Lab Market - Industry Snapshot
- 4.2. Central Lab Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing Clinical Trials
- 4.2.1.2. Rising Prevalence of Chronic Diseases
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Cost of Central Lab Services
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Central Lab Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Central Lab Market, by Services
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Central Lab, by Services, 2019-2032 (USD Billion)
- 5.3. Genetic Services
- 5.3.1. Global Central Lab Market, by Genetic Services, by Region, 2019-2032 (USD Billion)
- 5.4. Biomarker Services
- 5.4.1. Global Central Lab Market, by Biomarker Services, by Region, 2019-2032 (USD Billion)
- 5.5. Services 3Microbiology Services
- 5.5.1. Global Central Lab Market, by Microbiology Services, by Region, 2019-2032 (USD Billion)
- 5.6. Anatomic Pathology/Histology
- 5.6.1. Global Central Lab Market, by Anatomic Pathology/Histology, by Region, 2019-2032 (USD Billion)
- 5.7. Specimen Management & Storage
- 5.7.1. Global Central Lab Market, by Specimen Management & Storage, by Region, 2019-2032 (USD Billion)
- 5.8. Special Chemistry Services
- 5.8.1. Global Central Lab Market, by Special Chemistry Services, by Region, 2019-2032 (USD Billion)
- 5.9. Others
- 5.9.1. Global Central Lab Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Central Lab Market, by End Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 6.3. Pharmaceutical Companies
- 6.3.1. Global Central Lab Market, by Pharmaceutical Companies, by Region, 2019-2032 (USD Billion)
- 6.4. Biotechnology Companies
- 6.4.1. Global Central Lab Market, by Biotechnology Companies, by Region, 2019-2032 (USD Billion)
- 6.5. Academic & Research Institutes
- 6.5.1. Global Central Lab Market, by Academic & Research Institutes, by Region, 2019-2032 (USD Billion)
7. Global Central Lab Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Central Lab Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Central Lab Market - North America
- 7.3.1. North America: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.3.2. North America: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.3.3. Central Lab Market - U.S.
- 7.3.3.1. U.S.: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.3.4. Central Lab Market - Canada
- 7.3.4.1. Canada: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.4. Central Lab Market - Europe
- 7.4.1. Europe: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.4.2. Europe: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.4.3. Central Lab Market - UK
- 7.4.3.1. UK: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.4.4. Central Lab Market - France
- 7.4.4.1. France: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.4.4.2. France: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.4.5. Central Lab Market - Germany
- 7.4.5.1. Germany: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.4.6. Central Lab Market - Italy
- 7.4.6.1. Italy: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.4.7. Central Lab Market - Spain
- 7.4.7.1. Spain: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.4.8. Central Lab Market - Netherlands
- 7.4.8.1. Netherlands: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.4.9. Central Lab Market - Russia
- 7.4.9.1. Russia: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.5. Central Lab Market - Asia Pacific
- 7.5.1. Asia Pacific: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.5.3. Central Lab Market - China
- 7.5.3.1. China: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.5.3.2. China: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.5.4. Central Lab Market - India
- 7.5.4.1. India: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.5.4.2. India: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.5.5. Central Lab Market - Malaysia
- 7.5.5.1. Malaysia: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.5.6. Central Lab Market - Japan
- 7.5.6.1. Japan: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.5.7. Central Lab Market - Indonesia
- 7.5.7.1. Indonesia: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.5.8. Central Lab Market - South Korea
- 7.5.8.1. South Korea: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.6. Central Lab Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.6.3. Central Lab Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.6.4. Central Lab Market - UAE
- 7.6.4.1. UAE: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.6.5. Central Lab Market - Israel
- 7.6.5.1. Israel: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.6.6. Central Lab Market - South Africa
- 7.6.6.1. South Africa: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.7. Central Lab Market - Latin America
- 7.7.1. Latin America: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.7.3. Central Lab Market - Mexico
- 7.7.3.1. Mexico: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.7.4. Central Lab Market - Brazil
- 7.7.4.1. Brazil: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Central Lab Market, by Services, 2019-2032 (USD Billion)
- 7.7.5. Central Lab Market - Argentina
- 7.7.5.1. Argentina: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Central Lab Market, by Services, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. ACM Global Laboratories
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Labconnect
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Cerba Research
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Eurofins Scientific
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Medicover Integrated Clinical Services (MICS) (Synevo Central Labs)
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Versiti (Cenetron)
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. A.P. Moller Holding A/S (Unilabs)
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Ampersand Capital Partners (Pacific Biomarkers)
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Lambda Therapeutics Research Ltd
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Cirion Biopharma Research Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM4419
List of Tables
- Table 1 Global Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 2 Global Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 3 Central Lab Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 5 North America: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 6 U.S.: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 7 U.S.: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 8 Canada: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 9 Canada: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 10 Europe: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 11 Europe: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 12 UK: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 13 UK: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 14 France: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 15 France: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 16 Germany: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 17 Germany: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 18 Italy: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 19 Italy: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 20 Spain: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 21 Spain: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 22 Netherlands: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 23 Netherlands: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 24 Russia: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 25 Russia: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 28 China: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 29 China: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 30 India: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 31 India: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 32 Malaysia: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 33 Malaysia: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 34 Japan: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 35 Japan: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 36 Indonesia: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 37 Indonesia: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 38 South Korea: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 39 South Korea: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 44 UAE: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 45 UAE: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 46 Israel: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 47 Israel: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 48 South Africa: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 49 South Africa: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 50 Latin America: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 51 Latin America: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 52 Mexico: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 53 Mexico: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 54 Brazil: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 55 Brazil: Central Lab Market, by Services, 2019-2032 (USD Billion)
- Table 56 Argentina: Central Lab Market, by End Use, 2019-2032 (USD Billion)
- Table 57 Argentina: Central Lab Market, by Services, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Central Lab Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by End Use
- Figure 7 Global Central Lab Market, by End Use, 2022 & 2032 (USD Billion)
- Figure 8 Market by Services
- Figure 9 Global Central Lab Market, by Services, 2022 & 2032 (USD Billion)
- Figure 10 Central Lab Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Central Lab Market
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