Clinical Laboratory Services Market by End-user, Application, and Geography - Forecast and Analysis 2023-2027

  • Published: Apr 2023
  • Pages: 178
  • SKU: IRTNTR46517

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Clinical Laboratory Services market growth will increase by $147.44 billion during 2023-2027.
The clinical laboratory services market is expected to grow at a CAGR of 10.25% during 2023-2027.
Technavio has segmented the clinical laboratory services market by end-user (Hospital-based laboratories, Stand-alone laboratories, and Clinic-based laboratories) ,application (Bioanalytical and lab chemistry, Toxicology testing, Cell and gene therapy, Preclinical and clinical trial, and Others) , and geography (North America, Europe, Asia, and Rest of World (ROW)).
Abbott Laboratories, AP Moller Holding AS, ARUP Laboratories, Bio Rad Laboratories Inc., Cerba HealthCare, Charles River Laboratories International Inc., Enzo Clinical Labs, Eurofins Scientific SE, Fresenius Medical Care AG and Co. KGaA, Genova Diagnostics Inc., HU Group Holdings Inc., Illumina Inc., Laboratory Corp. of America Holdings, NeoGenomics Laboratories Inc., OPKO Health Inc., QIAGEN NV, Quest Diagnostics Inc., Siemens AG, Sonic Healthcare Ltd., SYNLAB International GmbH are a few of the key vendors in the clinical laboratory services market.
North America will register the highest growth rate of 38.42% among the other regions. Therefore, the clinical laboratory services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the clinical laboratory services market growth are:
  • Growth in geriatric population
  • Increasing adoption of preventive healthcare
The clinical laboratory services market vendors should focus on grabbing business opportunities from the Hospital-based laboratories segment as it accounted for the largest market share in the base year.
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