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Clinical Reference Laboratory Market Size and Forecast (2021-2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Service Provider (Hospital-Based, Standalone, and Clinic-Based), Application (Laboratory Medicine, Clinical Trials, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

May 2024 | 195 pages | ID: C710E4677AFAEN
The Insight Partners

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According to our latest study on "Clinical Reference Laboratory Market Forecast to 2031 – Global Analysis – by Service Provider and Application" the market was valued at US$ 74.08 billion by 2031 from US$ 45.35 billion in 2023 by 2030. It is estimated to register a CAGR of 6.3% from 2023 to 2031.

The increasing prevalence of chronic diseases and the emergence and outbreak of various infectious diseases have fueled the demand for novel treatment options and newer therapeutic categories and created the need for better treatment options in existing therapeutic categories. According to the WHO data released in September 2023, noncommunicable diseases (NCDs), including heart disease, cancer, stroke, diabetes, and chronic lung disease, kill 41 million people each year. According to the United Health Foundation, more than 29 million US adults reported having three or more chronic conditions in 2022. Accurate diagnostics are critical for identifying disease biomarkers and detecting organisms, particularly in cancer and tuberculosis. Clinical reference laboratories play an important role in modern healthcare. The reference laboratories provide services for the quick diagnosis of infectious diseases that require specialized laboratory testing equipment and expertise, such as swine flu and hepatitis A and B. These laboratories also offer low-cost diagnostic testing for common chronic conditions such as cancer, diabetes, and cardiovascular disease.

During the COVID-19 pandemic, it became evident that medical reference labs are critical for rapid testing, establishing novel techniques, generating and analyzing data, and serving as knowledge hubs. Reference labs are more than just high-volume testing facilities; they are the hubs of expertise and data. Thus, the rising prevalence of infectious and chronic diseases is driving the growth of the clinical reference laboratory market.

By Service Provider, Clinical Reference Laboratory Market-Based Insights

The clinical reference laboratory market, by application, is segmented into hospital-based, standalone, and clinical-based. The hospital-based segment held the largest market share in 2023. The standalone segment is anticipated to register the highest CAGR during 2023–2031. Most hospitals have a laboratory for testing during emergencies. The tests performed by the hospital-based reference laboratory include troponin markers for heart attacks, where findings are needed quickly for patient care, and some tests are done in large volumes, such as electrolytes managed within hospital facilities. Large hospitals may process hundreds of samples.

By Application, Clinical Reference Laboratory Market -Based Insights

In terms of type, the clinical reference laboratory market is segmented into laboratory medicine, clinical trials, and others. The laboratory medicine segment held the largest clinical reference laboratory market share in 2023. The clinical trials segment is anticipated to register the highest CAGR during 2023–2031. Laboratory medicine is essential in healthcare because it provides objective data to help healthcare professionals guide disease prevention, risk assessment, diagnosis, therapy, and patient monitoring, ensuring safe, appropriate, and effective clinical decision-making. The clinical reference laboratory is critical in laboratory medicine management because it provides specialized diagnostic tests and services that normal clinical laboratories are unable to offer. For example, the UC Health Laboratory strives for excellence in laboratory services and offers professional support in laboratory medicine.

Investor Presentation, World Health Organization, and National Institute For Health Research's Clinical Research Network are a few of the major secondary sources referred to while preparing the report on the clinical reference laboratory market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. CLINICAL REFERENCE LABORATORY MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis

5. CLINICAL REFERENCE LABORATORY MARKET – KEY MARKET DYNAMICS

5.1 Clinical Reference Laboratory Market – Key Market Dynamics
5.2 Market Drivers
  5.2.1 Rising Prevalence of Chronic and Infectious Diseases
  5.2.2 Increasing Number of Clinical Trials
5.3 Market Restraints
  5.3.1 Complications Related to Regulatory Framework and Adoption of Continuous Technological Developments
5.4 Market Opportunities
  5.4.1 Strategic Initiatives with Reference Laboratories
5.5 Future Trends
  5.5.1 Use of Artificial Intelligence in Clinical Reference Laboratories
5.6 Impact of Drivers and Restraints:

6. CLINICAL REFERENCE LABORATORY MARKET – GLOBAL MARKET ANALYSIS

6.1 Clinical Reference Laboratory Market Revenue (US$ Million), 2023–2031

7. CLINICAL REFERENCE LABORATORY MARKET ANALYSIS – BY SERVICE PROVIDER

7.1 Overview
7.2 Hospital-Based
  7.2.1 Overview
  7.2.2 Hospital-Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Standalone
  7.3.1 Overview
  7.3.2 Standalone: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Clinic-Based
  7.4.1 Overview
  7.4.2 Clinic-Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

8. CLINICAL REFERENCE LABORATORY MARKET ANALYSIS – BY APPLICATION

8.1 Overview
8.2 Laboratory Medicine
  8.2.1 Overview
  8.2.2 Laboratory Medicine: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Clinical Trials
  8.3.1 Overview
  8.3.2 Clinical Trials: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Others
  8.4.1 Overview
  8.4.2 Others: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9. CLINICAL REFERENCE LABORATORY MARKET – GEOGRAPHICAL ANALYSIS

9.1 North America: Clinical Reference Laboratory Market
  9.1.1 Overview
  9.1.2 North America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
    9.1.2.1 North America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider
    9.1.2.2 North America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application
  9.1.3 North America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country
    9.1.3.1 US: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.1.3.1.1 Overview
    9.1.3.2 US: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.1.3.2.1 US: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.1.3.2.2 US: Clinical Reference Laboratory Market Breakdown, by Application
    9.1.3.3 Canada: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.1.3.3.1 Overview
    9.1.3.4 Canada: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.1.3.4.1 Canada: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.1.3.4.2 Canada: Clinical Reference Laboratory Market Breakdown, by Application
    9.1.3.5 Mexico: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.1.3.5.1 Overview
    9.1.3.6 Mexico: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.1.3.6.1 Mexico: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.1.3.6.2 Mexico: Clinical Reference Laboratory Market Breakdown, by Application
9.2 Europe
  9.2.1 Overview
  9.2.2 Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
    9.2.2.1 Europe: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider
    9.2.2.2 Europe: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application
  9.2.3 Europe: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country
    9.2.3.1 Germany: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.2.3.1.1 Overview
    9.2.3.2 Germany: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.2.3.2.1 Germany: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.2.3.2.2 Germany: Clinical Reference Laboratory Market Breakdown, by Application
    9.2.3.3 United Kingdom: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.2.3.3.1 Overview
    9.2.3.4 United Kingdom: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.2.3.4.1 United Kingdom: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.2.3.4.2 United Kingdom: Clinical Reference Laboratory Market Breakdown, by Application
    9.2.3.5 France: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.2.3.5.1 Overview
    9.2.3.6 France: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.2.3.6.1 France: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.2.3.6.2 France: Clinical Reference Laboratory Market Breakdown, by Application
    9.2.3.7 Italy: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.2.3.7.1 Overview
    9.2.3.8 Italy: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.2.3.8.1 Italy: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.2.3.8.2 Italy: Clinical Reference Laboratory Market Breakdown, by Application
    9.2.3.9 Spain: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.2.3.9.1 Overview
    9.2.3.10 Spain: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.2.3.10.1 Spain: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.2.3.10.2 Spain: Clinical Reference Laboratory Market Breakdown, by Application
    9.2.3.11 Rest of Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.2.3.11.1 Overview
    9.2.3.12 Rest of Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.2.3.12.1 Rest of Europe: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.2.3.12.2 Rest of Europe: Clinical Reference Laboratory Market Breakdown, by Application
9.3 Asia Pacific
  9.3.1 Overview
  9.3.2 Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
    9.3.2.1 Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider
    9.3.2.2 Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application
  9.3.3 Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country
    9.3.3.1 China: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.3.3.1.1 Overview
    9.3.3.2 China: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.3.2.1 China: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.3.3.2.2 China: Clinical Reference Laboratory Market Breakdown, by Application
    9.3.3.3 Japan: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.3.3.3.1 Overview
    9.3.3.4 Japan: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.3.4.1 Japan: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.3.3.4.2 Japan: Clinical Reference Laboratory Market Breakdown, by Application
    9.3.3.5 India: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.3.3.5.1 Overview
    9.3.3.6 India: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.3.6.1 India: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.3.3.6.2 India: Clinical Reference Laboratory Market Breakdown, by Application
    9.3.3.7 Australia: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.3.3.7.1 Overview
    9.3.3.8 Australia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.3.8.1 Australia: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.3.3.8.2 Australia: Clinical Reference Laboratory Market Breakdown, by Application
    9.3.3.9 South Korea: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.3.3.9.1 Overview
    9.3.3.10 South Korea: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.3.10.1 South Korea: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.3.3.10.2 South Korea: Clinical Reference Laboratory Market Breakdown, by Application
    9.3.3.11 Rest of APAC: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.3.3.11.1 Overview
    9.3.3.12 Rest of APAC: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.3.12.1 Rest of APAC: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.3.3.12.2 Rest of APAC: Clinical Reference Laboratory Market Breakdown, by Application
9.4 Middle East and Africa
  9.4.1 Overview
  9.4.2 Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
    9.4.2.1 Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider
    9.4.2.2 Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application
  9.4.3 Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country
    9.4.3.1 Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.4.3.1.1 Overview
    9.4.3.2 Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.3.2.1 Saudi Arabia: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.4.3.2.2 Saudi Arabia: Clinical Reference Laboratory Market Breakdown, by Application
    9.4.3.3 South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.4.3.3.1 Overview
    9.4.3.4 South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.3.4.1 South Africa: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.4.3.4.2 South Africa: Clinical Reference Laboratory Market Breakdown, by Application
    9.4.3.5 United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.4.3.5.1 Overview
    9.4.3.6 United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.3.6.1 United Arab Emirates: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.4.3.6.2 United Arab Emirates: Clinical Reference Laboratory Market Breakdown, by Application
    9.4.3.7 Rest of Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.4.3.7.1 Overview
    9.4.3.8 Rest of Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.3.8.1 Rest of Middle East and Africa: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.4.3.8.2 Rest of Middle East and Africa: Clinical Reference Laboratory Market Breakdown, by Application
9.5 South and Central America
  9.5.1 Overview
  9.5.2 South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
    9.5.2.1 South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider
    9.5.2.2 South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application
  9.5.3 South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country
    9.5.3.1 Brazil: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.5.3.1.1 Overview
    9.5.3.2 Brazil: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.5.3.2.1 Brazil: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.5.3.2.2 Brazil: Clinical Reference Laboratory Market Breakdown, by Application
    9.5.3.3 Argentina: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.5.3.3.1 Overview
    9.5.3.4 Argentina: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.5.3.4.1 Argentina: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.5.3.4.2 Argentina: Clinical Reference Laboratory Market Breakdown, by Application
    9.5.3.5 Rest of South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)
      9.5.3.5.1 Overview
    9.5.3.6 Rest of South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
      9.5.3.6.1 Rest of South and Central America: Clinical Reference Laboratory Market Breakdown, by Service Provider
      9.5.3.6.2 Rest of South and Central America: Clinical Reference Laboratory Market Breakdown, by Application

10. CLINICAL REFERENCE LABORATORY MARKET-INDUSTRY LANDSCAPE

10.1 Overview
10.2 Growth Strategies in the Clinical Reference Laboratory Market
10.3 Inorganic Growth Strategies
  10.3.1 Overview
10.4 Organic Growth Strategies
  10.4.1 Overview

11. COMPANY PROFILES

11.1 Sonic Healthcare Ltd
  11.1.1 Key Facts
  11.1.2 Business Description
  11.1.3 Products and Services
  11.1.4 Financial Overview
  11.1.5 SWOT Analysis
  11.1.6 Key Developments
11.2 UNILABS
  11.2.1 Key Facts
  11.2.2 Business Description
  11.2.3 Products and Services
  11.2.4 Financial Overview
  11.2.5 SWOT Analysis
  11.2.6 Key Developments
11.3 Laboratory Corp of America Holdings
  11.3.1 Key Facts
  11.3.2 Business Description
  11.3.3 Products and Services
  11.3.4 Financial Overview
  11.3.5 SWOT Analysis
  11.3.6 Key Developments
11.4 Quest Diagnostics Inc
  11.4.1 Key Facts
  11.4.2 Business Description
  11.4.3 Products and Services
  11.4.4 Financial Overview
  11.4.5 SWOT Analysis
  11.4.6 Key Developments
11.5 ARUP Laboratories Inc
  11.5.1 Key Facts
  11.5.2 Business Description
  11.5.3 Products and Services
  11.5.4 Financial Overview
  11.5.5 SWOT Analysis
  11.5.6 Key Developments
11.6 Clinical Reference Laboratory Inc
  11.6.1 Key Facts
  11.6.2 Business Description
  11.6.3 Products and Services
  11.6.4 Financial Overview
  11.6.5 SWOT Analysis
  11.6.6 Key Developments
11.7 SYNLAB International GmbH
  11.7.1 Key Facts
  11.7.2 Business Description
  11.7.3 Products and Services
  11.7.4 Financial Overview
  11.7.5 SWOT Analysis
  11.7.6 Key Developments
11.8 Myraid Genetics Inc
  11.8.1 Key Facts
  11.8.2 Business Description
  11.8.3 Products and Services
  11.8.4 Financial Overview
  11.8.5 SWOT Analysis
  11.8.6 Key Developments
11.9 Boca Biolistics LLC
  11.9.1 Key Facts
  11.9.2 Business Description
  11.9.3 Products and Services
  11.9.4 Financial Overview
  11.9.5 SWOT Analysis
  11.9.6 Key Developments
11.10 TOPLAB
  11.10.1 Key Facts
  11.10.2 Business Description
  11.10.3 Products and Services
  11.10.4 Financial Overview
  11.10.5 SWOT Analysis
  11.10.6 Key Developments

12. APPENDIX

12.1 About The Insight Partners
12.2 Glossary of Terms


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