Clinical Laboratory Services Market - Size, Share, Future Demands and Forecast 2021-2030

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The global clinical laboratory services market was valued at US$ 235 Bn in 2020 and expected to reach US$ 410 billion by 2030 with a CAGR of 6.5% from 2021 to 2030. Surge in incidence of chronic and infectious diseases, growing medical tourism, and employer sponsored medical programs are projected to drive the global clinical laboratory services market during the forecast period.

Growing Medical Tourism Boost Market Growth

  • Medical tourism occurs when patients travel in other parts of the world for receiving some form of medical treatment
  • Medical tourism is experiencing high growth rate, owing to better and on par health care facilities and services provided in the developed region, along with increasing adoption of new and advanced products and technologies
  • Mexico, Thailand, the U.S., India are some of the top destinations for health tourism
  • Growing medical tourism has led to increasing number of patients requiring clinical laboratory tests and services. This is expected to drive the global clinical laboratory services market from 2019 to 2030.

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Overview

  • Clinical laboratory is the place where the tests are performed on the clinical specimen so as to obtain health related information
  • Clinical laboratories are the first step of disease diagnosis and treatment, which aids physicians in determining the root cause of a disease/condition and subsequently provide appropriate treatment
  • North America dominated the global clinical laboratory services market in 2018 and the trend is anticipated to continue during the forecast period. High prevalence of different types of cancer and rising geriatric population in the region are some of the factors augmenting the market in North America
  • Asia Pacific is likely to be a highly lucrative market for clinical laboratory services and it is expected to expand at a high CAGR during the forecast period
  • High prevalence of infectious diseases and large population in developing countries of the region are some of the factors promoting growth of the market in APAC.

Surge in Incidence of Chronic and Infectious Disease to Drive Market

  • Incidence of chronic and infectious diseases is anticipated to rise at an alarming rate during the forecast period
    • Chronic diseases such as cardiovascular diseases, obesity, cancer, and diabetes are affecting several people worldwide
    • The rise in these non-communicable chronic diseases is due to urbanization and adoption of unhealthy life styles. According to Centers of Disease control and Prevention (CDC) more than 60% of preventable deaths worldwide are caused due to non-communicable diseases
    • In developing countries 48% of such deaths occur in persons above 70 years of age. The incidence of chronic diseases is also increasing rapidly in Africa
  • Incidence of infectious diseases such as HIV, hepatitis, and other viral diseases has also been rising in the world
  • World Health Organization (WHO) forecast that 13 million deaths would occur due to infectious diseases till 2050
  • These factors have led to increasing demand for clinical laboratory testing, and are expected to drive the clinical laboratory services market from 2019 to 2027

Clinical Chemistry Segment to Dominate Market

  • Based on test types, the global clinical laboratory services market has been divided into clinical chemistry, medical microbiology & cytology, food intolerance test human and tumor genetics, and other esoteric tests. The clinical chemistry segment dominated the global clinical laboratory services market in 2018 and the trend is projected to continue during the forecast period. Consistent demand as these are basic level tests for different physiological conditions and technological advancement in the tests such as adoption of protein mapping are the factors attributed to the growth of the segment.

Stand-alone Laboratories to be Highly Lucrative Segment

  • In terms of service provider, the global clinical laboratory services market has been classified into stand-alone laboratories, hospital based laboratories, CROs, and others.
  • The stand-alone laboratories segment dominated the clinical laboratory services market due to Increasing testing volumes and entry of new players.
  • Additionally, rise in the number of public-private partnerships is expected to propel the segment during the forecast period.

Competitive Landscape

  • Key players in the global clinical laboratory services market include Charles River Laboratories International, Inc., OPKO Health, Inc., Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Sonic Healthcare, Fresenius Medical Care Holdings, Inc. (Spectra), NeoGenomics Laboratories, Inc., Genomic Health, Inc., SYNLAB International GmbH, UNILABS, ARUP Laboratories, Eurofins Scientific, GENOPTIX, ALERE,INC., among others

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Market Segmentation:

By Test Types

    • Clinical Chemistry
    • Medical Microbiology and Cytology
    • Food Intolerance Test
    • Human and Tumor Genetics
    • Other Esoteric Tests

By Service Providers

    • Stand-alone Laboratories
    • Hospital based laboratories
    • CROs (Contract Research Organizations)
    • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Table of Contents

  1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

  1. Assumptions and Research Methodology
  2. Executive Summary : Global Clinical Laboratory Services Market
  3. Market Overview

4.1. Introduction

4.1.1. Market Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Clinical Laboratory Services Market Analysis and Forecasts, 2017-2030

4.5. Porter's Five Force Analysis

  1. Key Insights

5.1. Country Profiles by Population and Diseases

5.2. Clinical Laboratory Services Market Outlook

  1. Global Clinical Laboratory Services Market Analysis and Forecasts, by Test Types

6.1. Introduction & Definition

6.2. Key Findings / Developments

6.3. Market Value Forecast by Test Types, 2017-2030

6.3.1. Clinical Chemistry

6.3.2. Medical Microbiology and Cytology

6.3.3. Food Intolerance Test

6.3.4. Human and Tumor Genetics

6.3.5. Other Esoteric Tests

6.4. Market Attractiveness by Test Types

  1. Global Clinical Laboratory Services Market Analysis and Forecasts, by Service Providers

7.1. Introduction & Definition

7.2. Key Findings / Developments

7.3. Market Value Forecast by Service Providers, 2017-2030

7.3.1. Stand-alone Laboratories

7.3.2. Hospital based laboratories

7.3.3. CROs (Contract Research Organizations)

7.3.4. Others

7.4. Market Attractiveness by Service Providers

  1. Global Clinical Laboratory Services Market Analysis and Forecasts, by Region

8.1. Key Findings

8.2. Market Value Forecast by Region

8.2.1. North America

8.2.2. Europe

8.2.3. Asia Pacific

8.2.4. Latin America

8.2.5. Middle East & Africa

8.3. Market Attractiveness by Country/Region

  1. North America Clinical Laboratory Services Market Analysis and Forecast

9.1. Introduction

9.1.1. Key Findings

9.2. Market Value Forecast by Test Types, 2017-2030

9.2.1. Clinical Chemistry

9.2.2. Medical Microbiology and Cytology

9.2.3. Food Intolerance Test

9.2.4. Human and Tumor Genetics

9.2.5. Other Esoteric Tests

9.3. Market Value Forecast by Service Providers, 2017-2030

9.3.1. Stand-alone Laboratories

9.3.2. Hospital based laboratories

9.3.3. CROs (Contract Research Organizations)

9.3.4. Others

9.4. Market Value Forecast by Country, 2017-2030

9.4.1. U.S.

9.4.2. Canada

9.5. Market Attractiveness Analysis

9.5.1. By Test Types

9.5.2. By Service Providers

9.5.3. By Country

  1. Europe Clinical Laboratory Services Market Analysis and Forecast

10.1. Introduction

10.1.1. Key Findings

10.2. Market Value Forecast by Test Types, 2017-2030

10.2.1. Clinical Chemistry

10.2.2. Medical Microbiology and Cytology

10.2.3. Food Intolerance Test

10.2.4. Human and Tumor Genetics

10.2.5. Other Esoteric Tests

10.3. Market Value Forecast by Service Providers, 2017-2030

10.3.1. Stand-alone Laboratories

10.3.2. Hospital based laboratories

10.3.3. CROs (Contract Research Organizations)

10.3.4. Others

10.4. Market Value Forecast by Country/Sub-region, 2017-2030

10.4.1. Germany

10.4.2. U.K.

10.4.3. France

10.4.4. Spain

10.4.5. Italy

10.4.6. Rest of Europe

10.5. Market Attractiveness Analysis

10.5.1. By Test Types

10.5.2. By Service Providers

10.5.3. By Country/Sub-region

  1. Asia Pacific Clinical Laboratory Services Market Analysis and Forecast

11.1.Introduction

11.1.1. Key Findings

11.2.Market Value Forecast by Test Types, 2017-2030

11.2.1. Clinical Chemistry

11.2.2. Medical Microbiology and Cytology

11.2.3. Food Intolerance Test

11.2.4. Human and Tumor Genetics

11.2.5. Other Esoteric Tests

11.3.Market Value Forecast by Service Providers, 2017-2030

11.3.1. Stand-alone Laboratories

11.3.2. Hospital based laboratories

11.3.3. CROs (Contract Research Organizations)

11.3.4. Others

11.4.Market Value Forecast by Country/Sub-region, 2017-2030

11.4.1. China

11.4.2. Japan

11.4.3. India

11.4.4. Australia & New Zealand

11.4.5. Rest of Asia Pacific

11.5.Market Attractiveness Analysis

11.5.1. By Test Types

11.5.2. By Service Providers

11.5.3. By Country/Sub-region

  1. Latin America Clinical Laboratory Services Market Analysis and Forecast

12.1.Introduction

12.1.1. Key Findings

12.2.Market Value Forecast by Test Types, 2017-2030

12.2.1. Clinical Chemistry

12.2.2. Medical Microbiology and Cytology

12.2.3. Food Intolerance Test

12.2.4. Human and Tumor Genetics

12.2.5. Other Esoteric Tests

12.3.Market Value Forecast by Service Providers, 2017-2030

12.3.1. Stand-alone Laboratories

12.3.2. Hospital based laboratories

12.3.3. CROs (Contract Research Organizations)

12.3.4. Others

12.4.Market Value Forecast by Country/Sub-region, 2017-2030

12.4.1. Brazil

12.4.2. Mexico

12.4.3. Rest of Latin America

12.5.Market Attractiveness Analysis

12.5.1. By Test Types

12.5.2. By Service Providers

12.5.3. By Country/Sub-region

  1. Middle East & Africa Clinical Laboratory Services Market Analysis and Forecast

13.1.Introduction

13.1.1. Key Findings

13.2.Market Value Forecast by Test Types, 2017-2030

13.2.1. Clinical Chemistry

13.2.2. Medical Microbiology and Cytology

13.2.3. Food Intolerance Test

13.2.4. Human and Tumor Genetics

13.2.5. Other Esoteric Tests

13.3.Market Value Forecast by Service Providers, 2017-2030

13.3.1. Stand-alone Laboratories

13.3.2. Hospital based laboratories

13.3.3. CROs (Contract Research Organizations)

13.3.4. Others

13.4.Market Value Forecast by Country/Sub-region, 2017-2030

13.4.1. GCC Countries

13.4.2. South Africa

13.4.3. Rest of Middle East & Africa

13.5.Market Attractiveness Analysis

13.5.1. By Test Types

13.5.2. By Service Providers

13.5.3. By Country/Sub-region

  1. Competition Landscape

14.1.Market Player - Competition Matrix (by Tier and Size of companies)

14.2.Market Share Analysis by Company (2016)

14.3. Company Profiles

14.3.1. Charles River Laboratories International, Inc.

14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.1.2. Growth Strategies

14.3.1.3. SWOT Analysis

14.3.2. OPKO Health, Inc.

14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.2.2. Growth Strategies

14.3.2.3. SWOT Analysis

14.3.3. Laboratory Corporation of America Holdings.

14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.3.2. Growth Strategies

14.3.3.3. SWOT Analysis

14.3.4. Quest Diagnostics Incorporated

14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.4.2. Growth Strategies

14.3.4.3. SWOT Analysis

14.3.5. Sonic Healthcare

14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.5.2. Growth Strategies

14.3.5.3. SWOT Analysis

14.3.6. Fresenius Medical Care Holdings, Inc. (Spectra)

14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.6.2. Growth Strategies

14.3.6.3. SWOT Analysis

14.3.7. NeoGenomics Laboratories, Inc.

14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.7.2. Growth Strategies

14.3.7.3. SWOT Analysis

14.3.8. Genomic Health, Inc

14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.8.2. Growth Strategies

14.3.8.3. SWOT Analysis

14.3.9. SYNLAB International GmbH

14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.9.2. Growth Strategies

14.3.9.3. SWOT Analysis

14.3.10. UNILABS

14.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.10.2. Growth Strategies

14.3.10.3. SWOT Analysis

14.3.11. ARUP Laboratories

14.3.11.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.11.2. Growth Strategies

14.3.11.3. SWOT Analysis

14.3.12. Eurofins Scientific

14.3.12.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.12.2. Growth Strategies

14.3.12.3. SWOT Analysis

14.3.13. GENOPTIX

14.3.13.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.13.2. Growth Strategies

14.3.13.3. SWOT Analysis

14.3.14. ALERE,INC.

14.3.14.1. Company Overview (HQ, Business Segments, Employee Strength)

14.3.14.2. Growth Strategies

14.3.14.3. SWOT Analysis

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