Clinical Laboratory Services Market
Clinical Laboratory Services Market - Global Industry Assessment & Forecast
Segments Covered
- By Test Type Human & Tumor Genetics, Clinical Chemistry, Medical Microbiology & Cytology, Other Esoteric Tests
- By Service Provider Hospital-Based Laboratories, Stand-Alone Laboratories, Clinic-Based Laboratories
- By Application Bioanalytical & Lab Chemistry Services, Toxicology Testing Services, Cell & Gene Therapy Related Services, Preclinical & Clinical Trial Related Services Drug Discovery & Development Related Services, Others
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 142.53 Billion |
Revenue 2030: | USD 207.39 Billion |
Revenue CAGR (2023 - 2030): | 4.80% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Clinical Laboratory Services Market by Test Type by Service Provider by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The later stage covers data validation and collection from primary research. The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Clinical Laboratory Services supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Clinical Laboratory Services market size at regional and country level
- Key industry players and their market share and Clinical Laboratory Services market-specific sales/revenue
- Understanding of the Clinical Laboratory Services supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Clinical Laboratory Services market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Clinical Laboratory Services market.
FAQ
Frequently Asked Question
What is the global demand for Clinical Laboratory Services in terms of revenue?
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The global Clinical Laboratory Services valued at USD 142.53 Billion in 2022 and is expected to reach USD 207.39 Billion in 2030 growing at a CAGR of 4.80%.
Which are the prominent players in the market?
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The prominent players in the market are Qiagen, Quest Diagnostic Inc., OPKO Health Inc., Abbott, Charles River Laboratories, Cinven, Arup Laboratories, Sonic Healthcare, Laboratory Corporation of America Holdings (LabCorp), NeoGenomics Laboratories Inc., Fresenius Medical Care, DaVita Inc., Siemens Healthcare GmbH, Viapath Group LLP, SGS SA, Almac Group.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 4.80% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Clinical Laboratory Services include
- Growing Public-Private Investments as Well as Research Funding & Grants to Develop Innovative Laboratory Testing Procedures
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Clinical Laboratory Services in 2022.