Global Central Lab Market Size & Outlook, 2023-2030
Global central lab market, 2018-2030 (US$M)
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Global central lab market highlights
- The global central lab market generated a revenue of USD 3,284.4 million in 2023 and is expected to reach USD 5,045.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
- In terms of segment, biomarker services accounted for a revenue of USD 1,261.9 million in 2023.
- Genetic Services is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,284.4 million |
| Market revenue in 2030 | USD 5,045.5 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Biomarker services |
| Fastest growing segment | Genetic Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Services, Biomarker Services, Microbiology Services, Anatomic Pathology/Histology, Specimen Management & Storage, Special Chemistry Services |
Other key industry trends
- In terms of revenue, the North America accounted for 41.2% of the global central lab market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,777.8 million by 2030.
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Central Lab Market Scope
Central Lab Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global central lab market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to central lab market will help companies and investors design strategic landscapes.
Biomarker services was the largest segment with a revenue share of 38.42% in 2023. Horizon Databook has segmented the Global central lab market based on genetic services, biomarker services, microbiology services, anatomic pathology/histology, specimen management & storage, special chemistry services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Central Lab Services Outlook (Revenue, USD Million, 2018-2030)
- Genetic Services
- Biomarker Services
- Microbiology Services
- Anatomic Pathology/Histology
- Specimen Management & Storage
- Special Chemistry Services
- Others
- Global Central Lab End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical Companies
- Biotechnology Companies
- Academic & Research Institutes
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Our clientele includes a mix of central lab market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global central lab market , including forecasts for subscribers. This global databook contains high-level insights into Global central lab market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global central lab market size, by region, 2018-2030 (US$M)
Top 10 countries: Central lab market size, 2023 (US$M)
Global central lab market share, by services, 2023 & 2030 (%, US$M)
Central lab market: Opportunity assessment by country
Global central lab market, by region, 2023 (US$M)
| Services | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 932.0 | 976.0 | 1,054.7 | 1,191.6 | 1,303.0 | 1,352.9 | 1,416.2 | 1,485.7 | 1,561.7 | 1,645.0 | 1,736.7 | 1,837.6 | 1,949.1 | 5.4% |
| Europe | 593.2 | 628.9 | 688.0 | 787.0 | 871.1 | 915.7 | 970.8 | 1,031.2 | 1,097.6 | 1,171.2 | 1,252.4 | 1,342.1 | 1,442.3 | 6.7% |
| Asia Pacific | 443.8 | 475.3 | 525.0 | 606.1 | 677.3 | 718.6 | 768.6 | 823.8 | 884.8 | 952.0 | 1,026.6 | 1,109.6 | 1,201.9 | 7.6% |
| Latin America | 104.5 | 110.4 | 120.4 | 137.4 | 151.7 | 158.9 | 168.1 | 177.9 | 189.1 | 200.9 | 214.1 | 229.0 | 245.3 | 6.4% |
| MEA | 92.8 | 97.7 | 106.1 | 120.5 | 132.5 | 138.3 | 145.5 | 153.4 | 162.1 | 171.7 | 182.4 | 194.1 | 206.9 | 5.9% |
| Overall | 2,166.3 | 2,288.3 | 2,494.2 | 2,842.6 | 3,135.6 | 3,284.4 | 3,469.2 | 3,672.0 | 3,895.3 | 4,140.8 | 4,412.2 | 4,712.4 | 5,045.5 | 6.3% |
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