Spain Laboratory Developed Tests Market Size & Outlook
Spain laboratory developed tests market, 2018-2030 (US$M)
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Spain laboratory developed tests market highlights
- The Spain laboratory developed tests market generated a revenue of USD 270.3 million in 2023 and is expected to reach USD 427.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.8% 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 270.3 million |
| Market revenue in 2030 | USD 427.8 million |
| Growth rate | 6.8% (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, Spain accounted for 2.2% 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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Spain 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 25.93% in 2023. Horizon Databook has segmented the Spain 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.
Some of the companies operating in the country’s LDT market include: Grifols, Roche, Qiagen, and others. Companies in Spain are expanding their testing capabilities to offer a wider range of LDTs, including the tests for diagnosis of various cancers, infectious diseases, and genetic conditions.
The market is driven by increasing prevalence of infectious diseases, technological advancements, and rising consumer awareness. Consolidating laboratories is a growing trend in this market. This strategic move will not only enable scaling businesses but also help companies expand their market presence.
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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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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 country-level data and insights on the Spain laboratory developed tests market , including forecasts for subscribers. This country databook contains high-level insights into Spain laboratory developed tests market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain laboratory developed tests market size, by technology, 2018-2030 (US$M)
Spain Laboratory Developed Tests Market Outlook Share, 2023 & 2030 (US$M)
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