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Laboratory Developed Tests Market - By Technology, By Application, By End Use - Global Forecast, 2025 - 2034
Report ID: GMI9340
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Published Date: October 2025
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Report Format: PDF
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Authors: Mariam Faizullabhoy, Gauri Wani
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Base Year: 2024
Companies covered: 15
Tables & Figures: 124
Countries covered: 19
Pages: 135
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Laboratory Developed Tests Market
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Laboratory Developed Tests Market Size
The global laboratory developed tests market was valued at USD 17.8 billion in 2024. The market is expected to grow from USD 19.7 billion in 2025 to USD 48.5 billion in 2034, at a CAGR of 10.5% during the forecast period, according to the latest report published by Global Market Insights Inc. The high market growth is attributed to the increasing awareness and attention towards disease detection early, the emergence of infectious and chronic diseases, and a growing incidence of cancer and genetic disorders, among others.
Laboratory-developed tests (LDTs) are diagnostic tests that are reshaping personalized medicine, disease management, and clinical decision-making. LDTs are developed, produced, and utilized in a single laboratory, enabling accelerated innovation and customization to address particular patient requirements.
The most prominent developers of LDTs, like Labcorp, Quest Diagnostics, MAYO CLINIC LABORATORIES, and ARUP Laboratories, provide a comprehensive range of LDT from next-generation sequencing (NGS) panels to intricate molecular diagnostics and biomarker-based assays. These tests leverage cutting-edge technologies, including high-throughput genomics, machine learning algorithms, bioinformatics platforms, and cloud-based data integration.
The market has increased from USD 13.2 billion in 2021 and reached USD 16 billion in 2023, with a historic growth rate of 10.3%. This expansion has been driven by the rising prevalence of cancer, genetic, and infectious diseases, growing demand for personalized medicine, and the increasing need for rapid, accurate, and customizable diagnostic solutions. The integration of advanced technologies such as next-generation sequencing (NGS), AI-powered analytics, and cloud-based data platforms has further accelerated innovation and adoption across clinical laboratories worldwide.
The global rise in cancer prevalence is a significant public health concern, influencing the demand for advanced diagnostic solutions. For instance, according to an article published by the Renal and Urology News in 2023, there were approximately 18.5 million new cancer cases worldwide, contributing to over 10.4 million deaths and 271 million disability-adjusted life years globally. This surge is driven by aging populations, lifestyle changes, environmental exposures, and improved detection methods.
As cancer becomes increasingly prevalent, the need for early, accurate, and personalized diagnostics has never been more critical. LDTs play a pivotal role in this landscape, enabling rapid identification of genetic mutations, biomarkers, and disease subtypes, which are essential for tailoring targeted therapies and improving patient outcomes.
Laboratory developed tests (LDTs) are diagnostic tests that are designed, manufactured, and used within a single clinical laboratory. They are used to detect or monitor diseases and are not distributed commercially.
41%
Collective market share in 2024 is 80%
Laboratory Developed Tests Market Trends
The field of laboratory developed testing is experiencing significant growth, driven by a series of technological advancements.
Laboratory Developed Tests Market Analysis
Based on technology, the laboratory developed tests market is segmented into polymerase chain reaction (PCR), next-generation sequencing (NGS), immunohistochemistry (IHC), and other technologies. The polymerase chain reaction (PCR) segment accounted for 49% of the market in 2024 due to its unmatched sensitivity, rapid turnaround time, and versatility in detecting infectious agents, genetic mutations, and cancer biomarkers, making it a cornerstone technology in molecular diagnostics. The segment is expected to exceed USD 24.1 billion by 2034, growing at a CAGR of 10.7% during the forecast period.
On the other hand, the next-generation sequencing (NGS) segment held a significant market share of 28.1% in 2024, and its growth can be attributed to its unparalleled ability to deliver high-throughput, precise, and cost-effective genomic insights, which are essential for personalized medicine, rare disease diagnostics, and oncology applications.
Based on application, the laboratory developed tests market is segmented into oncology, infectious diseases, genetic & rare disorders, cardiology, autoimmune & inflammatory conditions, and other applications. The oncology segment dominated the market in 2024 and is growing with a CAGR of 10.3% during the forecast period.
Based on end use, the laboratory developed tests market is segmented into hospital laboratories, private reference labs, specialty diagnostic labs, and other end users. The hospital laboratories segment held a market share of 40.3% in 2024 and is expected to reach USD 19 billion within the forecast period.
North America Laboratory Developed Tests Market
North America dominated the market with the highest market share of 40.9% in 2024.
Europe Laboratory developed tests Market
Europe market accounted for USD 4.2 billion in 2024 and is anticipated to show lucrative growth over the forecast period.
Asia Pacific Laboratory developed tests Market
The Asia Pacific market is anticipated to grow at a CAGR of 12% during the analysis timeframe.
Latin America Laboratory Developed Tests Market
The Latin America market is experiencing robust growth over the analysis timeframe.
Middle East & Africa Laboratory Developed Tests Market
The Middle East & Africa (market is experiencing notable growth over the analysis timeframe.
Laboratory Developed Tests Market Share
Leading industry players such as Labcorp, Quest Diagnostics, ARUP Laboratories, MAYO CLINIC LABORATORIES, and EXACT SCIENCES collectively hold a market share of around 80% in the competitive LDTs market. These companies maintain their leadership through extensive test portfolios, nationwide lab networks, and deep expertise in molecular diagnostics, oncology, and genetic testing. Their strategic focus on clinical validation and rapid test development capabilities enables them to meet evolving clinical demands and regulatory standards efficiently.
Other notable contributors to the LDT market include prognomiQ, Quest Diagnostics, SONIC HEALTHCARE USA, and veracyte. These companies are actively innovating in niche areas such as liquid biopsy, hereditary cancer screening, and non-invasive prenatal testing. Their focus on next-generation sequencing (NGS), AI-powered interpretation tools, and patient-centric testing models is expanding the scope of LDTs beyond traditional hospital settings.
Laboratory Developed Tests Market Companies
A few of the prominent players operating in the laboratory developed tests industry include:
Labcorp stands out with its integrated diagnostics and drug development model, offering a vast test portfolio backed by deep clinical data and nationwide lab infrastructure, making it a leader in precision medicine and oncology diagnostics.
Quest Diagnostics differentiates itself through its strong consumer-facing strategy, advanced data analytics, and scalable testing platforms, enabling broad access to personalized and preventive care solutions.
ARUP Laboratories, affiliated with the University of Utah, excels in research-driven innovation and highly specialized LDTs, particularly in rare diseases and complex genetic conditions, supported by its academic foundation and commitment to quality and regulatory advocacy.
Laboratory Developed Tests Industry News:
The laboratory developed tests market research report includes an in-depth coverage of the industry with estimates and forecasts in terms of revenue in USD Million from 2021 - 2034 for the following segments:
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Market, By Technology
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: