North America Central Lab Market Size & Outlook, 2023-2030
North America central lab market, 2018-2030 (US$M)
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North America central lab market highlights
- The North America central lab market generated a revenue of USD 1,352.9 million in 2023.
- The market is expected to grow at a CAGR of 5.4% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,352.9 million |
| Market revenue in 2030 | USD 1,949.1 million |
| Growth rate | 5.4% (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 |
| 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, North America region accounted for 41.2% of the global central lab market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,201.9 million by 2030.
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Central Lab Market Scope
Central Lab Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 38.37% in 2023. Horizon Databook has segmented the North America 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.
North America is the largest region in the market, owing to the increasing adoption of molecular testing due to its high accuracy, sensitivity, and specificity. The increasing need for genetic testing in clinical trials related to personalized healthcare in disease areas, such as diabetes & cancers, is expected to drive market growth.
The market faced challenges as a result of the COVID-19 pandemic, which led to the halting of several clinical trials, disruption in supply chains, and restricted patient access due to lockdown restrictions.
However, the pandemic has also created new opportunities for growth, with increasing focus on mRNA vaccine development and clinical investigations for several COVID-19 treatment options, which is expected to positively impact the market growth in the near future.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America central lab market , including forecasts for subscribers. This continent databook contains high-level insights into North America central lab market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America central lab market size, by country, 2018-2030 (US$M)
North America Central Lab Market Outlook Share, 2023 & 2030 (US$M)
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