Norway Laboratory Developed Tests Market Size & Outlook
Norway laboratory developed tests market, 2018-2030 (US$M)
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Norway laboratory developed tests market highlights
- The Norway laboratory developed tests market generated a revenue of USD 50.2 million in 2023 and is expected to reach USD 71.3 million by 2030.
- The Norway market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, molecular diagnostics was the largest revenue generating technology in 2023.
- Immunoassays is the most lucrative technology segment registering the fastest growth during the forecast period.
Laboratory developed tests market data book summary
| Market revenue in 2023 | USD 50.2 million |
| Market revenue in 2030 | USD 71.3 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Molecular diagnostics |
| Fastest growing segment | Immunoassays |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | Quest Diagnostics Inc, 23andMe Holding Co Class A, Abbott Laboratories, Guardant Health Inc, NeoGenomics, Siemens Healthineers AG ADR, Qiagen NV, Illumina Inc, Roche Holding AG ADR |
Other key industry trends
- In terms of revenue, Norway accounted for 0.4% of the global laboratory developed tests market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany laboratory developed tests market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,523.1 million by 2030.
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Laboratory Developed Tests Market Scope
Laboratory Developed Tests Market Companies
| Name | Profile | # Employees | HQ | Website |
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Norway 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 25.1% in 2023. Horizon Databook has segmented the Norway 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.
The LDT market in Norway is fueled by the rapid development of new technologies, such as nextgeneration sequencing and artificial intelligence. These technologies have made it easier and more cost-effective to develop & use LDTs, leading to an increase in the number of LDTs available in the market. This allowed healthcare providers to offer more accurate and personalized diagnostic information for patients to improve patient outcomes.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway laboratory developed tests market , including forecasts for subscribers. This country databook contains high-level insights into Norway laboratory developed tests market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway laboratory developed tests market size, by technology, 2018-2030 (US$M)
Norway Laboratory Developed Tests Market Outlook Share, 2023 & 2030 (US$M)
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