U.S. Clinical Laboratory Service Market Size & Outlook
U.S. clinical laboratory service market, 2018-2030 (US$M)
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U.S. clinical laboratory service market highlights
- The U.S. clinical laboratory service market generated a revenue of USD 77,845.9 million in 2023 and is expected to reach USD 89,491.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2% from 2024 to 2030.
- In terms of segment, clinical chemistry was the largest revenue generating test type in 2023.
- Medical Microbiology & Cytology 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 77,845.9 million |
| Market revenue in 2030 | USD 89,491.5 million |
| Growth rate | 2% (CAGR from 2023 to 2030) |
| Largest segment | Clinical chemistry |
| Fastest growing segment | Medical Microbiology & Cytology |
| 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, U.S. accounted for 33.4% 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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U.S. 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 57.65% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. is the biggest and most developed market for clinical laboratory services. The market in the U.S. is very extensive and accessible to almost the whole population of the country. The high burden of chronic illnesses in the nation require support from clinical laboratory services for efficient patient care and treatment.
For instance, in 2022, the National Association of Chronic Disease Directors stated that nearly 60% of people in the country suffer from a chronic disease. The U.S. government is working to reduce the spread of the virus by improving the number of tests in the country.
The abovementioned factors are creating opportunities in the U.S. market and intensifying the competition. New players are entering the market owing to the lucrative nature of the business in the country.
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Target buyers of U.S. clinical laboratory service market databook
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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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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 U.S. clinical laboratory service market , including forecasts for subscribers. This country databook contains high-level insights into U.S. clinical laboratory service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. clinical laboratory service market size, by test type, 2018-2030 (US$M)
U.S. Clinical Laboratory Service Market Outlook Share, 2023 & 2030 (US$M)
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