Sweden Laboratory Developed Tests Market Size & Outlook

The laboratory developed tests market in Sweden is expected to reach a projected revenue of US$ 99.2 million by 2030. A compound annual growth rate of 5.6% is expected of Sweden laboratory developed tests market from 2024 to 2030.
Revenue, 2023 (US$M)
$67.8
Forecast, 2030 (US$M)
$99.2
CAGR, 2024 - 2030
5.6%
Report Coverage
Sweden

Sweden laboratory developed tests market, 2018-2030 (US$M)

Sweden

Sweden laboratory developed tests market highlights

  • The Sweden laboratory developed tests market generated a revenue of USD 67.8 million in 2023 and is expected to reach USD 99.2 million by 2030.
  • The Sweden market is expected to grow at a CAGR of 5.6% 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 2023USD 67.8 million
Market revenue in 2030USD 99.2 million
Growth rate5.6% (CAGR from 2023 to 2030)
Largest segmentMolecular diagnostics
Fastest growing segmentImmunoassays
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationImmunoassays, Hematology and Coagulation, Molecular Diagnostics, Microbiology, Clinical Chemistry, Histology/Cytology, Flow Cytometry, Mass Spectroscopy
Key market players worldwideQuest 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, Sweden accounted for 0.5% 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 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

Sweden 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 25.37% in 2023. Horizon Databook has segmented the Sweden 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.


LDT market is rapidly evolving, and new trends & developments are emerging continuously in the country. Some of the factors contributing to the market growth include advancements in technology, increasing demand for personalized medicine, and changes in regulatory practices.

Furthermore, companies operating in the market include Roche, Qiagen, Immunovia AB, Hologic, and others. Immunovia AB offers a IMMray PanCan-d, a blood test for the detection of pancreatic cancer. Moreover, in August 2021, the company announced commercializing this product as LDT in the U.S.

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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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Horizon Databook provides a detailed overview of country-level data and insights on the Sweden laboratory developed tests market , including forecasts for subscribers. This country databook contains high-level insights into Sweden laboratory developed tests market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Sweden laboratory developed tests market size, by technology, 2018-2030 (US$M)

Sweden Laboratory Developed Tests Market Outlook Share, 2023 & 2030 (US$M)

Sweden laboratory developed tests market size, by technology, 2018-2030 (US$M)

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