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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 120
Countries covered: 19
Pages: 130
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Clinical Laboratory Tests Market
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Clinical Laboratory Tests Market Size
The global clinical laboratory tests market size was valued at around USD 125.5 billion in 2024 and is estimated to grow at 9.1% CAGR from 2025 to 2034. Clinical laboratory tests are medical assays performed on blood, urine, or tissues to identify, track, or screen for various health complications. These tests utilize diagnostic tools which include test kits, reagents, clinical analyzers, specimen collection devices, and other consumable materials. They are a prerequisite for medical decision making as determined by the evidence in clinical care settings.
The prevalence of chronic diseases has been growing globally, which is a factor primarily impacting the growth of clinical laboratory tests positively. For instance, according to the World Health Organization (WHO), approximately 74% of deaths occurring globally are due to noncommunicable diseases (NCDs), along with 17 million premature deaths every year.
Moreover by 2050, if the current trends were to continue, chronic conditions such as cancer, diabetes, cardiovascular diseases, and respiratory diseases would account for 86% of the 90 million annual deaths, which is 90% of increase in absolute numbers since 2019. These statistics highlight the need for robust diagnostic capabilities, especially in the underdeveloped and developing economies that lack resources. This issue is alleviated by clinical laboratory tests, which offer cost-effective, scalable, and accessible diagnostic solutions.
In addition, the global increase in the elderly population is one of the key reasons behind the expanding market of clinical laboratory tests, as older adults tend to need more diagnostic assessments as part of their health evaluations due to aging issues. The elderly are more susceptible to chronic conditions such as cardiovascular diseases, diabetes, kidney failure, and multiple forms of cancer, all of which require periodic laboratory testing for effective disease control. According to the data of the United Nations, the world population aged 65 and over is forecasted to increase from 761 million in 2021 to 1.6 billion by 2050. This shift in demography will continue to strain the healthcare systems which will require an increased diagnostic and age-appropriate testing capabilities. Thus, in response to this challenge, clinical laboratories are upgrading the infrastructure and adopting new changes to automate test procedures and incorporating other forms of non-invasive testing to fulfill the diagnostic requirements of this older population, which is expected to enhance sustained market growth.
Clinical Laboratory Tests Market Trends
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Clinical Laboratory Tests Market Analysis
Based on test type, the market is segmented into complete blood count, HbA1c, metabolic panel, liver panel, renal panel, lipid panel, cardiovascular panel, other test types. The global market was valued at USD 125.5 billion in 2024. The HbA1c segment dominated the market with the largest revenue share of 13.9% in 2024.
Based on end use, the clinical laboratory tests market is segmented into central laboratories, primary clinics, hospitals, and other end users. Central laboratories segment dominated the market with the largest revenue share of USD 47.2% in 2024.
North America: The U.S. clinical laboratory tests market is projected to grow significantly, from USD 50.8 billion in 2024 to USD 119.3 billion by 2034.
Europe: The clinical laboratory tests market in UK is expected to experience significant and promising growth from 2025 to 2034.
Asia Pacific: Japan clinical laboratory tests market is anticipated to witness lucrative growth between 2025 – 2034.
Middle East and Africa: The clinical laboratory tests market in Saudi Arabia is expected to experience significant and promising growth from 2025 to 2034.
Clinical Laboratory Tests Market Share
The market is characterized by a moderate degree of fragmentation, featuring a combination of multinational IVD firms and local diagnostic equipment companies. Top 4 companies such as Siemens Healthineers, Abbott Laboratories, F. Hoffman La Roche, and Beckman Coulter held cumulatively about 40% of the market share. These firms lead in essential product lines comprising chemistry analyzers, immunoassay systems, and automated hematology systems.
There is a growing focus among market players toward next-generation diagnostic systems that incorporate molecular testing and AI algorithms. Strategic collaborations with clinical research organizations and software companies are enhancing the speed and automated precision of testing and diagnostics, particularly for oncology, cardiometabolic, and infectious disease panels.
Clinical Laboratory Tests Market Companies
Some of the eminent market participants operating in the clinical laboratory tests industry include:
Clinical Laboratory Tests Industry News:
The clinical laboratory tests market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Test Type
Market, By End Use
The above information is provided for the following regions and countries: