Thailand Laboratory Developed Tests Market Size & Outlook
Thailand laboratory developed tests market, 2018-2030 (US$M)
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Thailand laboratory developed tests market highlights
- The Thailand laboratory developed tests market generated a revenue of USD 80.8 million in 2023 and is expected to reach USD 90.7 million by 2030.
- The Thailand market is expected to grow at a CAGR of 1.7% 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 80.8 million |
| Market revenue in 2030 | USD 90.7 million |
| Growth rate | 1.7% (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, Thailand accounted for 0.7% 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 Asia Pacific, China laboratory developed tests market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,142.9 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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Thailand 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 23.64% in 2023. Horizon Databook has segmented the Thailand 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 Thailand LDT market is saturated with foreign players and their subsidiaries, such as QIAGEN, Thermo Fisher Scientific, Inc., and F. Hoffmann-La Roche Ltd. In November 2022, GC Labs entered into a partnership agreement with Whiteroom Co., Ltd. to build a strong diagnostics network in Southeast Asia.
Furthermore, in June 2022, CDC and the Ministry of Public Health of Thailand entered into a collaboration to boost the country’s laboratory capacity to control and prevent infectious diseases. The increasing number of laboratories in the country is likely to positively impact its LDT market.
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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 country-level data and insights on the Thailand laboratory developed tests market , including forecasts for subscribers. This country databook contains high-level insights into Thailand laboratory developed tests market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand laboratory developed tests market size, by technology, 2018-2030 (US$M)
Thailand Laboratory Developed Tests Market Outlook Share, 2023 & 2030 (US$M)
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