Global Clinical Laboratory Service Market Size & Outlook
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 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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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 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.
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Global clinical laboratory service market size, by regions, 2018-2030 (US$M)
Top 10 countries: Clinical laboratory service market size, 2023 (US$M)
Global clinical laboratory service market share, by test type, 2023 & 2030 (%, US$M)
Clinical laboratory service market: Opportunity assessment by country
Global clinical laboratory service market, by region, 2023 (US$M)
| Test Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 68,523.5 | 69,514.8 | 76,046.3 | 79,898.8 | 84,176.7 | 86,850.7 | 86,724.7 | 88,204.3 | 89,823.9 | 92,417.8 | 96,105.5 | 98,697.0 | 102,808.4 | 2.4% |
| Europe | 47,341.4 | 48,098.8 | 53,063.9 | 57,519.1 | 62,328.2 | 68,243.3 | 67,913.7 | 68,349.8 | 68,730.0 | 69,999.2 | 72,269.3 | 76,134.7 | 79,993.9 | 2.3% |
| Asia Pacific | 35,932.2 | 37,240.1 | 41,442.4 | 45,827.9 | 50,641.5 | 55,735.6 | 56,365.5 | 58,122.8 | 59,896.1 | 62,521.2 | 66,152.1 | 70,324.4 | 75,231.5 | 4.4% |
| Latin America | 9,375.9 | 9,650.7 | 10,704.9 | 11,650.2 | 12,683.0 | 13,890.9 | 14,024.8 | 14,330.9 | 14,627.2 | 15,111.8 | 15,813.1 | 16,814.6 | 17,861.6 | 3.7% |
| MEA | 5,495.5 | 5,647.5 | 6,444.9 | 7,045.3 | 7,698.3 | 8,520.8 | 8,606.2 | 8,748.1 | 8,906.0 | 9,184.9 | 9,603.1 | 10,230.7 | 10,877.8 | 3.6% |
| Overall | 166,668.5 | 170,151.9 | 187,702.4 | 201,941.3 | 217,527.6 | 233,241.2 | 233,634.8 | 237,755.9 | 241,983.2 | 249,234.8 | 259,943.2 | 272,201.4 | 286,773.1 | 3.0% |
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