Europe Clinical Laboratory Service Market Size & Outlook
Europe clinical laboratory service market, 2018-2030 (US$M)
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Europe clinical laboratory service market highlights
- The Europe clinical laboratory service market generated a revenue of USD 68,243.3 million in 2023.
- The market is expected to grow at a CAGR of 2.3% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 68,243.3 million |
| Market revenue in 2030 | USD 79,993.9 million |
| Growth rate | 2.3% (CAGR from 2023 to 2030) |
| Largest segment | Clinical chemistry |
| Fastest growing segment | Human & Tumor Genetics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 29.3% of the global clinical laboratory service 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 75,231.5 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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Europe 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 51.17% in 2023. Horizon Databook has segmented the Europe 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.
Several initiatives are undertaken by government and private organizations to fund R&D pertaining to clinical laboratory tests & services and create awareness about early diagnosis, which is expected to boost the Europe clinical laboratory services market.
Clinical laboratory services in Europe are expected to grow at a significant rate due to efforts of government organizations, such as the European Organization for Research and Treatment of Cancer (EORTC), the European Medicines Agency (EMA), and NHS, which plan to develop a unique program focusing on multiple approaches for improving the diagnosis in the region.
The COVID-19 pandemic significantly impacted the European market and various public organizations in the country mandated testing regardless of individuals showing symptoms. This improved the diagnosis rate in the country.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe clinical laboratory service market , including forecasts for subscribers. This continent databook contains high-level insights into Europe clinical laboratory service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe clinical laboratory service market size, by country, 2018-2030 (US$M)
Europe Clinical Laboratory Service Market Outlook Share, 2023 & 2030 (US$M)
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