Global Laboratory Developed Tests Market Size & Outlook
The laboratory developed tests industry worldwide is expected to reach a projected revenue of US$ 19,850.3 million by 2030. A compound annual growth rate of 7% is expected of the worldwide laboratory developed tests industry from 2024 to 2030.
Revenue, 2023 (US$M)
$12,361.0
Forecast, 2030 (US$M)
$19,850.3
CAGR, 2024 - 2030
7%
Report Coverage
Worldwide
Global laboratory developed tests market, 2018-2030 (US$M)
Related Markets
Global laboratory developed tests market highlights
- The global laboratory developed tests market generated a revenue of USD 12,361.0 million in 2023 and is expected to reach USD 19,850.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7% by 2030.
- In terms of segment, molecular diagnostics accounted for a revenue of USD 3,193.3 million in 2023.
- Immunoassays is the most lucrative technology 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, Thailand is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 12,361.0 million |
| Market revenue in 2030 | USD 19,850.3 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Molecular diagnostics |
| Fastest growing segment | Immunoassays |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Immunoassays, Hematology and Coagulation, Molecular Diagnostics, Microbiology, Clinical Chemistry, Histology/Cytology, Flow Cytometry, Mass Spectroscopy |
Other key industry trends
- In terms of revenue, the North America accounted for 37.5% of the global laboratory developed tests market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Thailand is the fastest growing regional market and is projected to reach USD 90.7 million by 2030.
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Laboratory Developed Tests Market Scope
Laboratory developed tests market segmentation & scope
Immunoassays
Hematology and Coagulation
Molecular Diagnostics
Microbiology
Clinical Chemistry
Histology/Cytology
Flow Cytometry
Mass Spectroscopy
Others
Genetic Disorders/Inherited Disease
Infectious & Parasitic Diseases
Immunology
Endocrine
Nutritional & Metabolic Disease
Cardiology
Mental/Behavioral Disorder
Pediatrics-specific Testing
Hematology/General Blood Testing
Bodily Fluid Analysis
Toxicology
Other Diseases
Companion Diagnostics
Genomics Sequencing & Other
Laboratory Developed Tests Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global laboratory developed tests 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 laboratory developed tests market will help companies and investors design strategic landscapes.
molecular diagnostics was the largest segment with a revenue share of 25.83% in 2023. Horizon Databook has segmented the Global laboratory developed tests market based on immunoassays, hematology and coagulation, molecular diagnostics, microbiology, clinical chemistry, histology/cytology, flow cytometry, mass spectroscopy covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Laboratory Developed Tests Technology Outlook (Revenue, USD Million, 2018-2030)
- Immunoassays
- Hematology and Coagulation
- Molecular Diagnostics
- Microbiology
- Clinical Chemistry
- Histology/Cytology
- Flow Cytometry
- Mass Spectroscopy
- Others
- Global Laboratory Developed Tests Application Outlook (Revenue, USD Million, 2018-2030)
- Genetic Disorders/Inherited Disease
- Infectious & Parasitic Diseases
- Immunology
- Endocrine
- Nutritional & Metabolic Disease
- Cardiology
- Mental/Behavioral Disorder
- Pediatrics-specific Testing
- Hematology/General Blood Testing
- Bodily Fluid Analysis
- Toxicology
- Other Diseases
- Oncology
- Companion Diagnostics
- Genomics Sequencing & Other
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Target buyers of Global laboratory developed tests market databook
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Our clientele includes a mix of laboratory developed tests 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 laboratory developed tests market , including forecasts for subscribers. This global databook contains high-level insights into Global laboratory developed tests market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global laboratory developed tests market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Laboratory developed tests market size, 2023 (USD Million)
Top 10 countries: Laboratory developed tests market size, 2023 (USD Million)
Global laboratory developed tests market, by region, 2023 (US$M)
Related regional statistics
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