Global Clinical Laboratory Tests Market to 2030: Increasing Geriatric Population Bolsters Growth

Mar 09, 2023

Global Clinical Laboratory Tests Market

Dublin, June 08, 2023 (GLOBE NEWSWIRE) -- The "Clinical Laboratory Tests Market Size, Share & Trends Analysis Report By Type (Complete Blood Count, HGB/HCT Testing), By End-use (Central Laboratories, Primary Clinics), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.The global clinical laboratory tests market size is expected to reach USD 213.04 billion by 2030, expanding at a CAGR of 9.4% from 2022 to 2030.

Companies Mentioned

Quest Diagnostics Incorporated.

Abbott

Cinven

F. Laboratory Corporation Of America Holdings

Arup Laboratories

Opko Health, Inc.

Unilabs

Clinical Reference Laboratory, Inc.

Synnovis Group Llp

Sonic Healthcare Limited

The growth of the clinical laboratory tests market is attributable to the rising prevalence of target diseases. The use of clinical laboratory tests is on a rise owing to the use of tests in a wide variety of diagnostic purposes that primarily focus on patient health leading to evaluating and formulating proper diagnosis and treatment. The global geriatric population is increasing and is considered as being the greatest risk factor for the development of conditions, such as cardiovascular diseases and kidney dysfunction.

According to WHO, the population aged above 60 years is expected to be 1 in every 6 people by 2030, which accounts for an increase from 1 billion in 2020 to 1.4 billion by 2030. In addition, the number of people aged 80 and above is projected to double to over 1.5 billion by 2050, and people aged above 80 years are expected to triple and reach 426 Billion. Thus, the growing geriatric population is expected to be a high-impact rendering driver for this market over the forecast period.The growing prevalence of target diseases, such as CVD and diabetes, is anticipated to boost the market over the forecast period. CVD is fatal and leading cause of death worldwide. Presence of high unmet medical needs pertaining to cardiovascular diseases and the subsequent rise in patient awareness are among factors expected to boost the demand for point-of-care lipid testing. According to WHO, in 2021, cardiovascular diseases have been leading cause of mortality and morbidity worldwide in the last three decades, 17.7 Billion people die every year due to cardiovascular diseases, which is 31% of all the deaths worldwide.Furthermore, key players involved in developing and formulating clinical laboratory tests are focusing on collaborations and partnerships to develop novel tuberculosis therapeutics and to maintain their competitive position in the market. In addition, increasing adoption of laboratory automation systems is expected to boost the market over the forecast period. For instance, in January 2023[, BD launched a third-generation total laboratory automation system, which automates lab specimen processing for microbiology laboratories. Moreover, in January 2023, NovoPath LLC expanded its LIS solutions for oncology laboratories.Clinical Laboratory Tests Market Report Highlights

HbA1c tests segment held largest revenue share in 2022 and is attributable to the increasing prevalence of diabetic population

HGB/HCT tests segment is expected to show fastest growth rate over the forecast period owing to the growing prevalence of blood-related disorders

Central laboratories segment dominated the market in 2022 attributable to the high market penetration and procedure volumes

North America held the largest market share in 2022 which can be attributed to the growing regulatory support and increase in investments in clinical laboratory tests

Key Attributes:

Report Attribute

Details

No. of Pages

130

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$103.67 Billion

Forecasted Market Value (USD) by 2030

$213.04 Billion

Compound Annual Growth Rate

9.4%

Regions Covered

Global

Key Topics Covered: Chapter 1 Clinical Laboratory Tests Market: Methodology And Scope Chapter 2 Clinical Laboratory Tests Market: Executive Summary Chapter 3 Clinical Laboratory Tests Market: Industry Outlook3.1 Market Lineage Outlook3.1.1 Parent Market Lineage Outlook3.1.2 Related/Ancillary Market Outlook3.2 Penetration & Growth Prospect Mapping3.3 Market Dynamics3.3.1 Market Drivers3.3.1.1 Increasing Geriatric Population3.3.1.2 Growing Prevalence Of Target Disease3.3.1.3 Introduction Of Innovative Solutions3.3.2 Market Restraint Analysis3.3.2.1 Presence Of Ambiguous Regulatory Framework3.3.2.2 Covid-19 Pandemic3.4 Swot Analysis, By Factor (Political & Legal, Economic And Technological)3.5 Industry Analysis - Porter's3.6 Reimbursement & Regulatory Scenario3.7 Major Deals & Strategic Alliances3.7.1 New Product Launch3.7.2 Acquisition3.7.3 Expansion3.7.4 Partnerships3.7.5 Marketing & PromotionsChapter 4 Clinical Laboratory Tests Market: Competitive Landscape4.1 Recent Developments & Impact Analysis, By Key Market Participants4.1.1 Ansoff Matrix4.2 Company Categorization4.2.1 Innovators4.2.1.1 Market Differentiators4.3 Vendor Landscape4.3.1 List Of Key Distributors And Channel Partners4.3.2 Key Customers4.3.3 Key Company Market Share Analysis, 20224.4 Public Companies4.4.1 Competitive Dashboard Analysis4.5 Private Companies4.5.1 List Of Key Emerging Companies4.6 Regional Network MapChapter 5 Clinical Laboratory Tests Market: Type Business Analysis5.1 Definition And Scope5.2 Type Market Share Analysis, 2022 & 20305.3 Global Clinical Laboratory Tests Market, By Type, 2018 To 20305.4 Clinical Laboratory Tests Market: Type Movement Analysis5.5 Complete Blood Count5.5.1 Compelte Blood Count (Cbc) Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.6 Hgb/Hct Testing5.6.1 Hgb/Hct Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.7 Basic Metabolic Panel Testing5.7.1 Basic Metabolic Panel Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.8 Bun Creatinine Testing5.8.1 Bun Creatinine Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.9 Electrolytes Testing5.9.1 Electrolytes Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.10 Hba1c Testing5.10.1 Hba1c Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.11 Comprehensive Metabolic Panel Testing5.11.1 Comprehensive Metabolic Panel Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.12 Liver Panel Testing5.12.1 Liver Panel Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.12.2 Hepatitis5.12.2 Hepatitis Market, 2018 - 2030 (USD Billion)5.12.3 Bile Duct Obstruction5.12.3 Bile Duct Obstruction Market, 2018 - 2030 (USD Billion)5.12.4 Liver Cirrhosis5.12.4 Liver Cirrhosis Market, 2018 - 2030 (USD Billion)5.12.5 Liver Cancer5.12.5 Liver Cancer Market, 2018 - 2030 (USD Billion)5.12.6 Bone Disease5.12.6 Bone Disease Market, 2018 - 2030 (USD Billion)5.12.7 Autoimmune Disorders5.12.7 Autoimmune Disorders Market, 2018 - 2030 (USD Billion)5.12.8 Others5.12.8 Others Market, 2018 - 2030 (USD Billion)5.13 Renal Panel Testing5.13.1 Renal Panel Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.14 Lipid Panel Testing5.14.1 Lipid Panel Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)5.15 Cardiovascular Panel Testing5.15.1 Cardiovascular Panel Testing Market Estimates And Forecast, 2018 - 2030 (USD Billion)Chapter 6 Clinical Laboratory Tests Market: End-Use Business Analysis6.1 Definition And Scope6.2 End-Use Market Share Analysis, 2022 & 20306.3 Global Clinical Laboratory Tests Market, By End-Use, 2018 To 20306.4 Clinical Laboratory Tests Market: End-Use Movement Analysis6.5 Central Laboratories6.5.1 Central Laboratories Market Estimates And Forecast, 2018 - 2030 (USD Billion)6.6 Primary Clinics6.6.1 Primary Clinics Market Estimates And Forecast, 2018 - 2030 (USD Billion)Chapter 7 Clinical Laboratory Tests Market: Regional Business Analysis Chapter 8 Clinical Laboratory Tests Market: Company Profiling

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Global Clinical Laboratory Tests Market