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Global Clinical Laboratory Services Market Size, Share, Forecast: By Test Type: Clinical Chemistry, Immunology, Cytology, Genetics, Microbiology, Hematology, Others; By Service Provider: Hospital-Based Laboratories, Stand-Alone Laboratories, Clinic-Based Laboratories; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Clinical Laboratory Services Market Outlook
The global clinical laboratory services market reached a value of approximately USD 235.2 billion in 2023. The market is further expected to grow at a CAGR of 5.40% between 2024 and 2032, reaching a value of USD 320.3 billion by 2032.
The increasing prevalence of chronic conditions such as cancer, infections, genetic disorders, and cardiovascular disfunctions, as well as infectious diseases such as monkeypox, and Ebola, are fuelling the clinical laboratory services market. Rising awareness among the general population and healthcare professionals regarding the importance of early and regular medical testing are surging the demands for fast and accurate clinical laboratory services. As hospital facilities expand worldwide, more stand-alone laboratories and clinic-based laboratories are being setup in order to cater to rising demands. The growing number of clinical trials underway and expected to be launched in the coming years are expected to further increase the requirement for clinical laboratory services.
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Global Market Likely to be Driven by the Growing Need to Timely and Accurately Diagnose Diseases
Clinical laboratories play an important role in the healthcare system to timely diagnose and treat a disease, due to which the clinical laboratory services market is witnessing an upward trajectory. These laboratories conduct tests on body specimens utilised in patient diagnosis and therapy; blood tests and genetic analysis are examples of such assessments. The increasing demand for clinical laboratory services in both hospital and clinic-based laboratories, as well as independent laboratories, to combat the growing prevalence of chronic diseases, is expanding the market for clinical laboratory services.
Continual Research And Development Likely to Boost the Global Clinical Laboratory Services Market
Growing world population, launch of technologically advanced products, and continual research and development activities for novel products are expected to contribute towards the expansion of market for clinical laboratory services. Furthermore, the increasing numbers of approvals by authorities such as the FDA (U.S. Food and Drug Administration) would encourage the clinical laboratory services market growth by introducing novel, timesaving, and cost-effective diagnostic procedures. Clinical microbiology is a domain that witnesses continuous development due to the discovery of novel pathogens, establishment of novel laboratory investigation approaches and methods, rising demand for clinical laboratory services, and continually evolving pathogens. Hence, the advancements in clinical microbiology are likely to be the key clinical laboratory services market trends in the forecast period.
Global Clinical Laboratory Services Market Share by Region
The Asia Pacific is expected to be a key region in the market for clinical laboratory services, supported by the large population and improvements in healthcare infrastructure across developing nations such as India and China. More governments in the Asia Pacific are investing in healthcare infrastructure to ensure better healthcare for citizens and to cater to the rising burden of disease.
Meanwhile, the growing expansion of the U.S. clinical laboratory market size is one of the critical North America clinical laboratory test market trends. Increasing awareness about clinical laboratory services among the population in countries such as the United States and the robust pharmaceutical and biotechnological innovations are likely to garner the market growth of clinical laboratory services in North America further.
Global Clinical Laboratory Services Market Segmentation
Clinical laboratory services refer to biological, microbiological, serological, chemical, immunohematological, hematological, biophysical, cytological, pathological, or other investigation of materials drawn from the human body to provide information intended to diagnose, prevent, or treat a disease or impairment in a human being, or to assess the health of a human, including processes to identify, measure, or describe the presence or absence of various substances or organisms in the body. Clinical laboratory services include clinical laboratory, anatomic pathology or other diagnostics testing services entailing routine and esoteric clinical laboratory services (including genetics testing), clinical laboratory services involved with clinical trials, point-of-care testing, clinical laboratory services involving corporate healthcare and services involved with managing hospital laboratories), health screening and risk assessment services, and information services involving the provision of data or information programs, services or products which substantially consists of laboratory or other medical data.
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By test type, the market is segmented into:
- Clinical Chemistry
- Immunology
- Cytology
- Genetics
- Microbiology
- Hematology
- Others
By service provider, the market is classified into:
- Hospital-Based Laboratories
- Stand-Alone Laboratories
- Clinic-Based Laboratories
By application, the market is divided into:
- Bioanalytical and Lab Chemistry Services
- Toxicology Testing Services
- Cell and Gene Therapy Related Services
- Preclinical and Clinical Trial Related Services
- Drug Discovery and Development Related Services
- Others
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Players in the Global Clinical Laboratory Services Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Quest Diagnostics Incorporated
- Laboratory Corporation of America® Holdings
- NeoGenomics Laboratories
- Abbott Laboratories
- Siemens Healthcare GmbH
- QIAGEN
- Sonic Healthcare Limited
- Eurofins Scientific
- SYNLAB International GmbH,
- ACM Global Laboratories
- ARUP Laboratories
- OPKO HEALTH, INC.
- Mayo Medical Laboratories
- DIAN DIAGNOSTICS Group Co., Ltd
- Unilabs AB
- Labco Advanced Clinical Laboratory
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Test Type |
|
| Breakup by Service Provider |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Clinical Laboratory Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Clinical Laboratory Services Historical Market (2018-2023)
8.3 Global Clinical Laboratory Services Market Forecast (2024-2032)
8.4 Global Clinical Laboratory Services Market by Test Type
8.4.1 Clinical Chemistry
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Immunology
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cytology
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Genetics
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Microbiology
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Hematology
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Clinical Laboratory Services Market by Service Provider
8.5.1 Hospital-Based Laboratories
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Stand-Alone Laboratories
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Clinic-Based Laboratories
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Clinical Laboratory Services Market by Application
8.6.1 Bioanalytical and Lab Chemistry Services
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Toxicology Testing Services
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Cell and Gene Therapy Related Services
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Preclinical and Clinical Trial Related Services
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Drug Discovery and Development Related Services
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Clinical Laboratory Services Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Clinical Laboratory Services Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Clinical Laboratory Services Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Clinical Laboratory Services Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Clinical Laboratory Services Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Clinical Laboratory Services Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Quest Diagnostics Incorporated
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Laboratory Corporation of America® Holdings
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 NeoGenomics Laboratories
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Abbott Laboratories
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Siemens Healthcare GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 QIAGEN
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Sonic Healthcare Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Eurofins Scientific
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 SYNLAB International GmbH,
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 ACM Global Laboratories
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 ARUP Laboratories
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 OPKO HEALTH, INC.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Mayo Medical Laboratories
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 DIAN DIAGNOSTICS Group Co., Ltd
15.2.14.1 Company Overview
15.2.14.2 Product Portfolio
15.2.14.3 Demographic Reach and Achievements
15.2.14.4 Certifications
15.2.15 Unilabs AB
15.2.15.1 Company Overview
15.2.15.2 Product Portfolio
15.2.15.3 Demographic Reach and Achievements
15.2.15.4 Certifications
15.2.16 Labco Advanced Clinical Laboratory
15.2.16.1 Company Overview
15.2.16.2 Product Portfolio
15.2.16.3 Demographic Reach and Achievements
15.2.16.4 Certifications
15.2.17 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Clinical Laboratory Services Market: Key Industry Highlights, 2018 and 2032
2. Global Clinical Laboratory Services Historical Market: Breakup by Test Type (USD Million), 2018-2023
3. Global Clinical Laboratory Services Market Forecast: Breakup by Test Type (USD Million), 2024-2032
4. Global Clinical Laboratory Services Historical Market: Breakup by Service Provider (USD Million), 2018-2023
5. Global Clinical Laboratory Services Market Forecast: Breakup by Service Provider (USD Million), 2024-2032
6. Global Clinical Laboratory Services Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Clinical Laboratory Services Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Clinical Laboratory Services Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Clinical Laboratory Services Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Clinical Laboratory Services Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Clinical Laboratory Services Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Clinical Laboratory Services Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Clinical Laboratory Services Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Clinical Laboratory Services Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Clinical Laboratory Services Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Clinical Laboratory Services Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Clinical Laboratory Services Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Clinical Laboratory Services Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Clinical Laboratory Services Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Clinical Laboratory Services Market Structure
Key Questions Answered in the Report
In 2023, the global market attained a value of approximately USD 235.2 billion.
The global market for clinical laboratory services is projected to grow at a CAGR of 5.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of USD 320.3 billion by 2032.
The major drivers of the market include the need to timely and accurately diagnose diseases, growing world population, launch of technologically advanced products, and continual research and development activities.
Ageing global population and widening scope of clinical laboratory services are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various test types in the market for clinical laboratory services include clinical chemistry, immunology, cytology, genetics, microbiology, and haematology, among others.
The various service providers of clinical laboratory services in the market are hospital-based laboratories, stand-alone laboratories, and clinic-based laboratories.
The significant applications of clinical laboratory services include bioanalytical and lab chemistry services, toxicology testing services, cell and gene therapy related services, preclinical and clinical trial related services, and drug discovery and development related services, among others.
The major players in the market are Quest Diagnostics Incorporated, Laboratory Corporation of America® Holdings, NeoGenomics Laboratories, Abbott Laboratories, Siemens Healthcare GmbH, QIAGEN, Sonic Healthcare Limited, Eurofins Scientific, SYNLAB International GmbH, ACM Global Laboratories, ARUP Laboratories, OPKO HEALTH, INC., Mayo Medical Laboratories, DIAN DIAGNOSTICS Group Co., Ltd, Unilabs AB, and Labco Advanced Clinical Laboratory, among others.
Analyst Review
The global clinical laboratory services market attained a value USD 235.2 billion in 2023, driven by the widening scope of clinical laboratory services in the historical period. Aided by the launch of technologically advanced products and ageing global population, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 5.40%. The market is projected to reach USD 320.3 billion by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on test type, the market is segmented into clinical chemistry, immunology, cytology, genetics, microbiology, and haematology, among others. The various service providers are hospital-based laboratories, stand-alone laboratories, and clinic-based laboratories. The significant applications include bioanalytical and lab chemistry services, toxicology testing services, cell and gene therapy related services, preclinical and clinical trial related services, and drug discovery and development related services, among others. The major regional markets for clinical laboratory services are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the market are Quest Diagnostics Incorporated, Laboratory Corporation of America® Holdings, NeoGenomics Laboratories, Abbott Laboratories, Siemens Healthcare GmbH, QIAGEN, Sonic Healthcare Limited, Eurofins Scientific, SYNLAB International GmbH, ACM Global Laboratories, ARUP Laboratories, OPKO HEALTH, INC., Mayo Medical Laboratories, DIAN DIAGNOSTICS Group Co., Ltd, Unilabs AB, and Labco Advanced Clinical Laboratory, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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