India Central Lab Market Size & Outlook, 2023-2030
India central lab market, 2018-2030 (US$M)
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India central lab market highlights
- The India central lab market generated a revenue of USD 94.6 million in 2023 and is expected to reach USD 170.4 million by 2030.
- The India market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, biomarker services was the largest revenue generating services in 2023.
- Genetic Services is the most lucrative services segment registering the fastest growth during the forecast period.
Central lab market data book summary
| Market revenue in 2023 | USD 94.6 million |
| Market revenue in 2030 | USD 170.4 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Biomarker services |
| Fastest growing segment | Genetic Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | LabConnect, Eurofins Scientific SE, A. P. Moller Maersk A/S ADR, ACM Global, Cerba Research, Synevo Central Labs, Versiti, Cenetron, Ampersand Capital Partners, Pacific Biomarkers, Cirion |
Other key industry trends
- In terms of revenue, India accounted for 2.9% of the global central lab market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan central lab market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 170.4 million by 2030.
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Central Lab Market Scope
Central Lab Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 38.58% in 2023. Horizon Databook has segmented the India 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.
India central lab market accounted for a significant share in Asia Pacific region and is expected to grow over the forecast period, due to several strategic initiatives being undertaken by key players, presence of a large patient population & skilled labor, and increasing focus on clinical research for driving scientific advancements in the country.
The country witnesses an increasing number of strategic alliances, collaborations, and joint venture initiatives from Indian players, which is boosting the market. For instance, India hosts the INSACOG consortium, consisting of 10 central laboratories and 28 regional laboratories, which is driving laboratory operations in the country.
Furthermore, in June 2022, Neuberg Diagnostics and Abha Laboratory launched a new central Laboratory in Surat by forming the Neuberg Abha Clinical Laboratories joint venture. Such activities are anticipated to expand the central lab market scope in India.
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Our clientele includes a mix of central lab market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India central lab market , including forecasts for subscribers. This country databook contains high-level insights into India central lab market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India central lab market size, by services, 2018-2030 (US$M)
India Central Lab Market Outlook Share, 2023 & 2030 (US$M)
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