
The global market for Diagnostic Labs was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
The health-tech era took off and transformed the healthcare segment to unimaginable levels. Since then, various start-ups have emerged that have revolutionized the industry with innovations such as telemedicine, teleconsultation, and, in particular, diagnostic solutions. Diagnostics labs form the backbone of healthcare.
The technology used in diagnostic labs is rapidly moving toward complete transformation with the help of the latest developments in artificial intelligence (AI) and machine learning (ML). From developing accurate and efficient diagnostic solutions to adapting to technological interventions, various forward-thinking R&D teams are already working to develop newer and simpler blood analysis and diagnosis methods.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
This report aims to provide a comprehensive presentation of the global market for Diagnostic Labs, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Diagnostic Labs.
The Diagnostic Labs market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Diagnostic Labs market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Diagnostic Labs companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Quest Diagnostics Incorporated
Eurofins Scientific
Laboratory Corporation of America Holdings
Exact Sciences Laboratories LLC
SYNLAB International GmbH
Sonic Healthcare Limited
DASA Labs
Kingmed Diagnostics
Healius Limited
BioReference
Segment by Type
Single/Independent Laboratories
Hospital-Based Labs
Physician Office Labs
Others
Segment by Application
General and Clinical Testing
Specialized Testing
Non-invasive Prenatal Testing
COVID-19 Testing
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Diagnostic Labs company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Diagnostic Labs Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Single/Independent Laboratories
1.2.3 Hospital-Based Labs
1.2.4 Physician Office Labs
1.2.5 Others
1.3 Market by Application
1.3.1 Global Diagnostic Labs Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 General and Clinical Testing
1.3.3 Specialized Testing
1.3.4 Non-invasive Prenatal Testing
1.3.5 COVID-19 Testing
1.3.6 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Diagnostic Labs Market Perspective (2020-2031)
2.2 Global Diagnostic Labs Growth Trends by Region
2.2.1 Global Diagnostic Labs Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Diagnostic Labs Historic Market Size by Region (2020-2025)
2.2.3 Diagnostic Labs Forecasted Market Size by Region (2026-2031)
2.3 Diagnostic Labs Market Dynamics
2.3.1 Diagnostic Labs Industry Trends
2.3.2 Diagnostic Labs Market Drivers
2.3.3 Diagnostic Labs Market Challenges
2.3.4 Diagnostic Labs Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Diagnostic Labs Players by Revenue
3.1.1 Global Top Diagnostic Labs Players by Revenue (2020-2025)
3.1.2 Global Diagnostic Labs Revenue Market Share by Players (2020-2025)
3.2 Global Diagnostic Labs Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Diagnostic Labs Revenue
3.4 Global Diagnostic Labs Market Concentration Ratio
3.4.1 Global Diagnostic Labs Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Diagnostic Labs Revenue in 2024
3.5 Global Key Players of Diagnostic Labs Head office and Area Served
3.6 Global Key Players of Diagnostic Labs, Product and Application
3.7 Global Key Players of Diagnostic Labs, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Diagnostic Labs Breakdown Data by Type
4.1 Global Diagnostic Labs Historic Market Size by Type (2020-2025)
4.2 Global Diagnostic Labs Forecasted Market Size by Type (2026-2031)
5 Diagnostic Labs Breakdown Data by Application
5.1 Global Diagnostic Labs Historic Market Size by Application (2020-2025)
5.2 Global Diagnostic Labs Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Diagnostic Labs Market Size (2020-2031)
6.2 North America Diagnostic Labs Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Diagnostic Labs Market Size by Country (2020-2025)
6.4 North America Diagnostic Labs Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Diagnostic Labs Market Size (2020-2031)
7.2 Europe Diagnostic Labs Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Diagnostic Labs Market Size by Country (2020-2025)
7.4 Europe Diagnostic Labs Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Diagnostic Labs Market Size (2020-2031)
8.2 Asia-Pacific Diagnostic Labs Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Diagnostic Labs Market Size by Region (2020-2025)
8.4 Asia-Pacific Diagnostic Labs Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Diagnostic Labs Market Size (2020-2031)
9.2 Latin America Diagnostic Labs Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Diagnostic Labs Market Size by Country (2020-2025)
9.4 Latin America Diagnostic Labs Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Diagnostic Labs Market Size (2020-2031)
10.2 Middle East & Africa Diagnostic Labs Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Diagnostic Labs Market Size by Country (2020-2025)
10.4 Middle East & Africa Diagnostic Labs Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Quest Diagnostics Incorporated
11.1.1 Quest Diagnostics Incorporated Company Details
11.1.2 Quest Diagnostics Incorporated Business Overview
11.1.3 Quest Diagnostics Incorporated Diagnostic Labs Introduction
11.1.4 Quest Diagnostics Incorporated Revenue in Diagnostic Labs Business (2020-2025)
11.1.5 Quest Diagnostics Incorporated Recent Development
11.2 Eurofins Scientific
11.2.1 Eurofins Scientific Company Details
11.2.2 Eurofins Scientific Business Overview
11.2.3 Eurofins Scientific Diagnostic Labs Introduction
11.2.4 Eurofins Scientific Revenue in Diagnostic Labs Business (2020-2025)
11.2.5 Eurofins Scientific Recent Development
11.3 Laboratory Corporation of America Holdings
11.3.1 Laboratory Corporation of America Holdings Company Details
11.3.2 Laboratory Corporation of America Holdings Business Overview
11.3.3 Laboratory Corporation of America Holdings Diagnostic Labs Introduction
11.3.4 Laboratory Corporation of America Holdings Revenue in Diagnostic Labs Business (2020-2025)
11.3.5 Laboratory Corporation of America Holdings Recent Development
11.4 Exact Sciences Laboratories LLC
11.4.1 Exact Sciences Laboratories LLC Company Details
11.4.2 Exact Sciences Laboratories LLC Business Overview
11.4.3 Exact Sciences Laboratories LLC Diagnostic Labs Introduction
11.4.4 Exact Sciences Laboratories LLC Revenue in Diagnostic Labs Business (2020-2025)
11.4.5 Exact Sciences Laboratories LLC Recent Development
11.5 SYNLAB International GmbH
11.5.1 SYNLAB International GmbH Company Details
11.5.2 SYNLAB International GmbH Business Overview
11.5.3 SYNLAB International GmbH Diagnostic Labs Introduction
11.5.4 SYNLAB International GmbH Revenue in Diagnostic Labs Business (2020-2025)
11.5.5 SYNLAB International GmbH Recent Development
11.6 Sonic Healthcare Limited
11.6.1 Sonic Healthcare Limited Company Details
11.6.2 Sonic Healthcare Limited Business Overview
11.6.3 Sonic Healthcare Limited Diagnostic Labs Introduction
11.6.4 Sonic Healthcare Limited Revenue in Diagnostic Labs Business (2020-2025)
11.6.5 Sonic Healthcare Limited Recent Development
11.7 DASA Labs
11.7.1 DASA Labs Company Details
11.7.2 DASA Labs Business Overview
11.7.3 DASA Labs Diagnostic Labs Introduction
11.7.4 DASA Labs Revenue in Diagnostic Labs Business (2020-2025)
11.7.5 DASA Labs Recent Development
11.8 Kingmed Diagnostics
11.8.1 Kingmed Diagnostics Company Details
11.8.2 Kingmed Diagnostics Business Overview
11.8.3 Kingmed Diagnostics Diagnostic Labs Introduction
11.8.4 Kingmed Diagnostics Revenue in Diagnostic Labs Business (2020-2025)
11.8.5 Kingmed Diagnostics Recent Development
11.9 Healius Limited
11.9.1 Healius Limited Company Details
11.9.2 Healius Limited Business Overview
11.9.3 Healius Limited Diagnostic Labs Introduction
11.9.4 Healius Limited Revenue in Diagnostic Labs Business (2020-2025)
11.9.5 Healius Limited Recent Development
11.10 BioReference
11.10.1 BioReference Company Details
11.10.2 BioReference Business Overview
11.10.3 BioReference Diagnostic Labs Introduction
11.10.4 BioReference Revenue in Diagnostic Labs Business (2020-2025)
11.10.5 BioReference Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
Quest Diagnostics Incorporated
Eurofins Scientific
Laboratory Corporation of America Holdings
Exact Sciences Laboratories LLC
SYNLAB International GmbH
Sonic Healthcare Limited
DASA Labs
Kingmed Diagnostics
Healius Limited
BioReference
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*If Applicable.
