Global Clinical Laboratory Service Market Size & Outlook
The clinical laboratory service industry worldwide is expected to reach a projected revenue of US$ 286,773.1 million by 2030. A compound annual growth rate of 3% is expected of the worldwide clinical laboratory service industry from 2024 to 2030.
Revenue, 2023 (US$M)
$233,241.2
Forecast, 2030 (US$M)
$286,773.1
CAGR, 2024 - 2030
3%
Report Coverage
Worldwide
Global clinical laboratory service market, 2018-2030 (US$M)
Related Markets
Global clinical laboratory service market highlights
- The global clinical laboratory service market generated a revenue of USD 233,241.2 million in 2023 and is expected to reach USD 286,773.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3% by 2030.
- In terms of segment, clinical chemistry accounted for a revenue of USD 132,010.6 million in 2023.
- Human & Tumor Genetics is the most lucrative test type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 233,241.2 million |
| Market revenue in 2030 | USD 286,773.1 million |
| Growth rate | 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 |
Other key industry trends
- In terms of revenue, the North America accounted for 37.2% of the global clinical laboratory service market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 16,715.2 million by 2030.
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Clinical Laboratory Service Market Scope
Clinical laboratory service market segmentation & scope
Human & Tumor Genetics
Clinical Chemistry
Medical Microbiology & Cytology
Other Esoteric Tests
Bioanalytical & Lab chemistry services
Toxicology testing services
Cell & gene therapy related services
Preclinical & clinical trial related services
Drug discovery & development related Services
Other clinical laboratory services
Clinical Laboratory Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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 56.6% in 2023. Horizon Databook has segmented the Global 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.
- Global Clinical Laboratory Service Test Type Outlook (Revenue, USD Million, 2018-2030)
- Human & Tumor Genetics
- Clinical Chemistry
- Medical Microbiology & Cytology
- Other Esoteric Tests
- Global Clinical Laboratory Service Service Provider Outlook (Revenue, USD Million, 2018-2030)
- Hospital-Based Laboratories
- Stand-Alone Laboratories
- Clinic-Based Laboratories
- Global Clinical Laboratory Service Application Outlook (Revenue, USD Million, 2018-2030)
- Bioanalytical & Lab chemistry services
- Toxicology testing services
- Cell & gene therapy related services
- Preclinical & clinical trial related services
- Drug discovery & development related Services
- Other clinical laboratory services
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Target buyers of Global 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global clinical laboratory service market , including forecasts for subscribers. This global databook contains high-level insights into Global clinical laboratory service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global clinical laboratory service market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Clinical laboratory service market size, 2023 (USD Million)
Top 10 countries: Clinical laboratory service market size, 2023 (USD Million)
Global clinical laboratory service market, by region, 2023 (US$M)
Related regional statistics
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