The medical and diagnostic laboratory services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical And Diagnostic Laboratory Services Market, 2024 report by The Business
Research Company offers comprehensive insights into the current state of the
market and highlights future growth opportunities.
Market Size -
The medical and diagnostic laboratory services market size has grown strongly
in recent years. It will grow from $189.45 billion in 2023 to $207.5 billion in
2024 at a compound annual growth rate (CAGR) of 9.5%. The
growth in the historic period can be attributed to advances in medical
technology, aging population, healthcare reform, epidemics and pandemics,
chronic disease prevalence.
The medical and diagnostic laboratory services market size is expected to see
strong growth in the next few years. It will grow to $275.39 billion in 2028 at
a compound annual growth rate (CAGR) of 7.3%.
The growth in the forecast period can be attributed to precision
medicine, telemedicine and remote monitoring, personalized health, genomic
testing, regulatory changes. Major trends in the forecast period include
point-of-care testing, home testing kits, artificial intelligence (AI) and data
analytics, telepathology and telelaboratory services, laboratory consolidation.
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Scope Of Medical And Diagnostic Laboratory Services Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective
performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Medical And Diagnostic Laboratory Services Market Overview
Market Drivers -
The rise in sedentary jobs, busy lifestyles, and changing consumer preferences
are affecting the disease profile of the world population, especially
non-communicable diseases such as cancer, diabetes, and cardiovascular
diseases. Long working hours, less physical activity, and unhealthy eating and
drinking habits are major causes of chronic diseases such as diabetes.
According to the World Health Organization, chronic diseases result in the
deaths of 41 million individuals annually, accounting for approximately 74% of
all global fatalities in 2021. Tests to diagnose these diseases include HbA1c
tests for monitoring diabetes, biopsies, tumor marker tests, bone scans, MRI
and CT scans for diagnosis of various cancers, electrocardiograms, chest
X-rays, cardiac CT scans, and stress tests for detection of cardiovascular
diseases. The increase in the prevalence of lifestyle diseases will increase
the demand for tests to diagnose these diseases and thus will drive the medical
and diagnostic laboratory services market during the forecast period.
The medical and diagnostic laboratory services market covered in this report is
segmented –
1) By Type: Diagnostic Imaging Centers, Medical Laboratory Services
2) By Type of Expenditure: Public, Private
3) By Application: Cardiology, Oncology, Neurology, Orthopedics,
Gastroenterology, Gynecology, Other Applications
4) By End User Gender: Male, Female
Subsegments Covered: Computer Tomography (CT-Scan) Centers, Medical
Radiological Laboratories, Dental or Medical X-Ray Laboratories, Ultrasound
Imaging Centers, Magnetic Resonance Imaging (MRI) Centers
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Regional Insights -
North America was the largest region in the medical and diagnostic laboratory
services market in 2023. Asia-Pacific was the second largest region in the
medical and diagnostic laboratory services market. The regions covered in the
medical and diagnostic laboratory services market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
Key Companies -
Major companies operating in the medical and diagnostic laboratory services
market include Laboratory Corporation of
America, Eurofins Scientific, Quest Diagnostics Incorporated, Sonic Healthcare
Limited, Kaiser Permanente, RadNet, OPKO Health, Myriad Genetics, Charles River
Laboratories Inc., NeoGenomics Laboratories Inc., Bio-Reference Laboratories
Inc., Guardant Health Inc., Invitae Corporation, Natera Inc., Foundation
Medicine Inc., Veracyte Inc., Exact Sciences Corporation, Fulgent Genetics
Inc., Progenity Inc., Adaptive Biotechnologies Corporation, Guardion Health
Sciences Inc., Biocept Inc., Interpace Biosciences Inc., Psychemedics
Corporation, Aeon Global Health Corp., Avellino Labs USA Inc., Bio-Techne
Corporation, Enzo Clinical Labs Inc., Genoptix Inc., Genova Diagnostics Inc.
Table of Contents
1. Executive Summary
2. Medical And Diagnostic Laboratory Services Market Report Structure
3. Medical And Diagnostic Laboratory Services Market Trends And Strategies
4. Medical And Diagnostic Laboratory Services Market – Macro Economic Scenario
5. Medical And Diagnostic Laboratory Services Market Size And Growth
…..
27. Medical And Diagnostic Laboratory Services Market Competitor Landscape And
Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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