Global Esoteric Testing Market 2019-2023
- Published: Feb 2019
- Pages: 119
- SKU: IRTNTR30903
Enjoy complimentary customisation on priority with our Enterprise License!
Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
Industry Insights
The global esoteric testing market size will grow by USD 14.53 billion during 2019-2023 at a CAGR of nearly 12%. The rising number of laboratories providing advanced services and improving healthcare infrastructure in emerging economies are some of the factors expected to drive market growth. The market report provides a detailed analysis of the market by end-users (hospital laboratories, clinical research laboratories and medical institutes, and reference laboratories) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Enzo Biochem Inc., Eurofins Scientific, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, and Sonic Healthcare.
Esoteric testing involves the analysis of assays that are not routinely performed in clinical laboratories. It is related to medical fields, such as endocrinology, genetics, immunology, microbiology, molecular diagnostics, oncology, serology, and toxicology.
Key Insights from Esoteric Testing Market – Global Forecast 2019-2023
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the market report
The rising number of laboratories providing advanced services is one of the critical reasons that will drive the growth of the esoteric testing market. These laboratories facilitate the clinical diagnosis of diseases and infections that are not feasible for physicians to conduct in hospitals. Esoteric testing is performed in these labs to monitor and detect health threats from radiological contaminants, rabies, dengue fever, infectious agents, and genetic disorders in newborns. The increasing focus on conducting applied research to develop enhanced testing methods such as esoteric tests in public health laboratories facilitates diagnostic services in various areas including onco-hematology, personalized preventive medicine, molecular pathology, and reproductive medicine. The increasing number of laboratories offering advanced diagnostics services will propel the growth of the esoteric testing market size.
The need to improve access to affordable healthcare and improve the quality of health care is encouraging emerging economies such as Japan to increase their spending in healthcare. Pathologists are completing their cases successfully by partnering with hospitals due to increasing adoption of telehealth and telemedicine platforms. The increasing healthcare infrastructure in emerging economies will further result in an increased number of diagnostic laboratories. This will, in turn, drive esoteric testing market growth at a CAGR of almost 12% during the forecast period since these laboratories consist of instruments for performing lab tests and trained staff personnel with skills to perform esoteric tests.
Industry Analysis
Quantitative Data
|
Qualitative Data
|
End-user Insights
The end-user segment has been segregated into hospital laboratories, clinical research laboratories and medical institutes, and reference laboratories. The hospital laboratories segment accounted for the highest esoteric testing market share in 2018. During the forecast period, the clinical research laboratories and medical institutes and reference laboratories segments will grow at a faster pace than the overall market. The hospital laboratories segment will grow at a slower pace than the overall market.
The increasing number of hospitals providing esoteric testing through their in-house specialized laboratories will be one of the significant factors driving the growth of the market in the segment.
Regional Insights
North America accounted for the highest market share in 2018. Though the market’s growth in the region will be slower than the growth of the market in Asia and Europe, the region will account for the largest market share throughout the forecast period. The US is a key market for esoteric testing in the region.
The strong presence of vendors and distributors collaborating with healthcare companies to provide clinics with the necessary diagnostic technology solutions will fuel the esoteric testing market growth in North America.
Top Esoteric Testing Companies
The market is fairly concentrated. To help clients improve their position, the esoteric testing market analysis report provides information on the competitive landscape and the products offered by various companies. Moreover, the esoteric testing market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading esoteric testing companies, including:
- Enzo Biochem Inc.
- Eurofins Scientific
- Laboratory Corporation of America Holdings
- Quest Diagnostics Incorporated
- Sonic Healthcare
Segments Covered in the Report
Esoteric testing market by end-users
- Hospital laboratories
- Clinical research laboratories and medical institutes
- Reference laboratories
Esoteric testing market by region
- Asia
- Europe
- North America
- ROW
Key Highlights of the Esoteric Testing Market Forecast Report for the Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the esoteric testing market size during the next five years
- Precise estimation of the global esoteric testing market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of the companies
We can help! Our analysts can customize the market research report to meet your requirements. Get in touch
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Hospital laboratories - Market size and forecast 2018-2023
- Clinical research laboratories and medical institutes - Market size and forecast 2018-2023
- Reference laboratories - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- Asia - Market size and forecast 2018-2023
- ROW - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Technological advances in molecular diagnostics
- Advances in genomics and proteomics
- Improving healthcare infrastructure in emerging economies
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Enzo Biochem Inc.
- Eurofins Scientific
- Laboratory Corporation of America Holdings
- Quest Diagnostics Incorporated
- Sonic Healthcare
PART 13: APPENDIX
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
Certified ISO 9001 : 2015

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
2500 USD
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
- Our analysts will work directly with you and understand your needs
- Get data on specified regions or segments, competitor and Vendors
- Data will be formatted and presented as per your requirements
- We offer $1000 worth of FREE customization at the time of purchase
Let us help you make report more suited to your requirements.
- Get a competitive breakdown as per your niche industry
- Customize the data with various metrics that meet your business prerequisite
- Understand Revenue Sources, Customers and many more
- Details on Market Share
- These customizations are done in a short amount of time by our analysts and industry experts
