Canada Clinical Laboratory Service Market Size & Outlook
Canada clinical laboratory service market, 2018-2030 (US$M)
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Canada clinical laboratory service market highlights
- The Canada clinical laboratory service market generated a revenue of USD 9,004.8 million in 2023 and is expected to reach USD 13,316.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, clinical chemistry was the largest revenue generating test type in 2023.
- Human & Tumor Genetics is the most lucrative test type segment registering the fastest growth during the forecast period.
Clinical laboratory service market data book summary
| Market revenue in 2023 | USD 9,004.8 million |
| Market revenue in 2030 | USD 13,316.8 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Clinical chemistry |
| Fastest growing segment | Human & Tumor Genetics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Human & Tumor Genetics, Clinical Chemistry, Medical Microbiology & Cytology, Other Esoteric Tests |
| Key market players worldwide | Labcorp Holdings Inc, Qiagen NV, Eurofins Scientific SE, Quest Diagnostics Inc, OPKO Health Inc, Siemens Healthineers AG ADR, NeoGenomics Inc, Fresenius Medical Care AG, Sonic Healthcare Ltd, Charles River Laboratories International Inc, SYNLAB Group, Mayo Clinic |
Other key industry trends
- In terms of revenue, Canada accounted for 3.9% of the global clinical laboratory service market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. clinical laboratory service market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 13,316.8 million by 2030.
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Clinical Laboratory Service Market Scope
Clinical Laboratory Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada clinical laboratory service 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 clinical laboratory service market will help companies and investors design strategic landscapes.
Clinical chemistry was the largest segment with a revenue share of 37.64% in 2023. Horizon Databook has segmented the Canada clinical laboratory service market based on human & tumor genetics, clinical chemistry, medical microbiology & cytology, other esoteric tests covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is working to optimize its healthcare sector and clinical testing processes. The government has undertaken various initiatives by gathering feedback from the people and developing plans to filter redundant tests & making clinical testing more affordable.
The Standards Councill of Canada is responsible for approving various tests for laboratory use. The rise in public-private investments in the laboratory sector has increased the number of labs in Canada, making laboratory services a fragmented and competitive market.
High diagnosis rate and large disease burden are improving the competition among players in the Canadian market. Key players in the market include Laboratory Corporation of America Holdings (LabCorp), Abbott, and Fresenius Medical Care.
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Our clientele includes a mix of clinical laboratory service market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada clinical laboratory service market , including forecasts for subscribers. This country databook contains high-level insights into Canada clinical laboratory service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada clinical laboratory service market size, by test type, 2018-2030 (US$M)
Canada Clinical Laboratory Service Market Outlook Share, 2023 & 2030 (US$M)
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