Market revenue in 2023 | USD 3,122.8 million |
Market revenue in 2030 | USD 6,453.4 million |
Growth rate | 10.9% (CAGR from 2023 to 2030) |
Largest segment | Hba1c tests |
Fastest growing segment | HbA1c tests |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Complete blood count, HGB/HCT tests, Basic metabolic panel, BUN creatinine tests, Electrolytes testing, HbA1c tests, Comprehensive metabolic panel tests, Liver panel tests, Renal panel tests, Lipid panel tests |
Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, Labcorp Holdings Inc, ARUP Laboratories, OPKO Health Inc, Clinical Reference Laboratory, Sonic Healthcare Ltd, Cinven, Unilabs |
Hba1c tests was the largest segment with a revenue share of 12.03% in 2023. Horizon Databook has segmented the Japan clinical laboratory tests market based on complete blood count, hgb/hct tests, basic metabolic panel, bun creatinine tests, electrolytes testing, hba1c tests, comprehensive metabolic panel tests, liver panel tests, renal panel tests, lipid panel tests covering the revenue growth of each sub-segment from 2018 to 2030.
Geographic expansion strategies implemented in the Asia Pacific market by major U.S.-based players to strengthen their position are anticipated to drive market growth in Japan. For instance, in June 2022, LabCorp expanded its central laboratory presence and drug development capabilities in Japan through an expansion of the CB Trial Laboratory.
Moreover, in January 2020, Sysmex Corporation announced an agreement to capitalize in Astrego Diagnostics AB. With this investment, the company intends to help commercialize a drug susceptibility test which is developed by Astrego Diagnostics AB for UTI. Such expansions are likely to boost the market in Japan.
The MHLW Japan controls the reimbursement scenario in Japan. Japan launched a modernized list of reimbursement prices, along with devices and tests that are reimbursed. Most of the tests are performed in hospitals; over 50% of the clinical testing market is hospital-based.
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