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Esoteric Testing Market: By Type (Infectious Diseases Testing, Endocrinology Testing, Oncology Testing, Genetics Testing, Toxicology Testing, Immunology Testing, Neurology Testing, Other Testing), By Technology (Chemiluminescence Immunoassay, Enzyme-Linked Immunosorbent Assay, Mass Spectrometry, Real-Time PCR, DNA Sequencing, Flow Cytometry, Other Technologies), By End User (Independent & Reference Laboratories, Hospital-Based Laboratories), And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031

May 2023 | 439 pages | ID: EC3DE5668621EN
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Esoteric Testing Market: By Type (Infectious Diseases Testing, Endocrinology Testing, Oncology Testing, Genetics Testing, Toxicology Testing, Immunology Testing, Neurology Testing, Other Testing), By Technology (Chemiluminescence Immunoassay, Enzyme-Linked Immunosorbent Assay, Mass Spectrometry, Real-Time PCR, DNA Sequencing, Flow Cytometry, Other Technologies), By End User (Independent & Reference Laboratories, Hospital-Based Laboratories), And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031

PRODUCT OVERVIEW

Esoteric testing is a laboratory analysis of a rare chemical or substance that isn't done in a typical clinical lab. When a physician requires further and specific information regarding a patient's health, these tests are conducted. To assess the results, you'll need a sophisticated device and materials, as well as a competent technician. Reference and esoteric testing labs are used by many large commercial labs to outsource difficult tests. However, as laboratory testing technology advances, tests that are currently deemed exotic may become routine in just a few years.

MARKET HIGHLIGHTS

The Global Esoteric Testing Market is expected to achieve a remarkable CAGR of 13% in 2031.

Global Esoteric Testing Market to surpass USD 88.4 billion by 2031 from USD 26.2 billion in 2021 at a CAGR of 13% in the coming years, i.e., 2021-2031. Increased frequency of chronic, infectious, and rare genetic diseases, as well as increased demand for enzyme linked immunosorbent assay (ELISA) and real time polymerase chain reaction (RT-PCR), are propelling the market forward. Furthermore, the market is likely to benefit from increased financing from commercial and government entities for diagnostic service centres, as well as advancements in technology for esoteric testing.

GLOBAL ESOTERIC TESTING MARKET: SEGMENTS

Infectious Diseases Testing segment is expected to lead with the highest CAGR during 2021-31

Based on Type, the global Esoteric Testing Market is fragmented into Infectious Diseases Testing, Endocrinology Testing, Oncology Testing, Genetics Testing, Toxicology Testing, Immunology Testing, Neurology Testing, and Other Testing. The infectious disease testing segment has dominated the market in recent years and is likely to continue to do so in the future, owing to an increase in the frequency of infection disease, breakthroughs in healthcare laboratory technology, and advances in molecular diagnostic technology.

Independent & Reference Laboratories segment to register significant market share CAGR during 2021-31

Global Esoteric Testing Market is classified on the basis of End User into Independent & Reference Laboratories, and Hospital-Based Laboratories. Owing to an increase in the number of laboratories, high testing volumes, and a spike in diagnostic laboratory digitalization, the independent and reference laboratories segment led the market in past years and is likely to continue this trend during the projection period.

MARKET DYNAMICS

Drivers

Growing Incidence of Chronic and Infectious Diseases

Improvements in Esoteric Test Technology

Restraint

Poor reimbursement of Esoteric Testing

GLOBAL ESOTERIC TESTING MARKET:

Key Players
  • ARUP Laboratories
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
  • Baylor Esoteric and Molecular Laboratory
  • Foundation Medicine
  • Healius Limited
  • Laboratory Corporation
      • Mayo Foundation for Medical Education and Research
  • OPKO Health
  • Quest Diagnostics
  • Sonic Healthcare Limited
  • Stanford Clinical Pathology
  • Other Prominent Players
GLOBAL ESOTERIC TESTING MARKET REPORT ALSO CONTAINS ANALYSIS ON:

Esoteric Testing Market Segments:
  • By Type
    • Infectious Diseases Testing
    • Endocrinology Testing
    • Oncology Testing
    • Genetics Testing
    • Toxicology Testing
    • Immunology Testing
    • Neurology Testing
    • Other Testing
  • By Technology
    • Chemiluminescence Immunoassay
    • Enzyme-Linked Immunosorbent Assay
    • Mass Spectrometry
    • Real-Time PCR
    • DNA Sequencing
    • Flow Cytometry
    • Other Technologies
  • By End User
    • Independent & Reference Laboratories
    • Hospital-Based Laboratories
  • Esoteric Testing Market Dynamics
  • Esoteric Testing Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
          • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
      • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
      • Provides insight into the market through Value Chain
      • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
Executive Summary
1.1. Regional Market Share
1.2. Business Trends
1.3. Esoteric Testing Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2 RESEARCH METHODOLOGY

2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1. Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3 MARKET CHARACTERISTICS

3.1. Market Definition
3.2. Esoteric Testing Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4 ESOTERIC TESTING MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5 MACROECONOMIC INDICATORS

6 RECENT DEVELOPMENTS

7 MARKET DYNAMICS

7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends

8 RISK ANALYSIS

9 MARKET ANALYSIS

9.1. Porters Five Forces
9.2. PEST Analysis
  9.2.1. Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10 ESOTERIC TESTING MARKET

10.1. Overview
10.2. Historical Analysis (2016-2020)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11 ESOTERIC TESTING MARKET SIZE & FORECAST 2021A-2031F

11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1. By Type
    11.3.1.1. Infectious Diseases Testing
      11.3.1.1.1. By Value (USD Million) 2021-2031F
      11.3.1.1.2. Market Share (%) 2021-2031F
      11.3.1.1.3. Y-o-Y Growth (%) 2021-2031F
    11.3.1.2. Endocrinology Testing
      11.3.1.2.1. By Value (USD Million) 2021-2031F
      11.3.1.2.2. Market Share (%) 2021-2031F
      11.3.1.2.3. Y-o-Y Growth (%) 2021-2031F
    11.3.1.3. Oncology Testing
      11.3.1.3.1. By Value (USD Million) 2021-2031F
      11.3.1.3.2. Market Share (%) 2021-2031F
      11.3.1.3.3. Y-o-Y Growth (%) 2021-2031F
    11.3.1.4. Genetics Testing
      11.3.1.4.1. By Value (USD Million) 2021-2031F
      11.3.1.4.2. Market Share (%) 2021-2031F
      11.3.1.4.3. Y-o-Y Growth (%) 2021-2031F
    11.3.1.5. Toxicology Testing
      11.3.1.5.1. By Value (USD Million) 2021-2031F
      11.3.1.5.2. Market Share (%) 2021-2031F
      11.3.1.5.3. Y-o-Y Growth (%) 2021-2031F
    11.3.1.6. Immunology Testing
      11.3.1.6.1. By Value (USD Million) 2021-2031F
      11.3.1.6.2. Market Share (%) 2021-2031F
      11.3.1.6.3. Y-o-Y Growth (%) 2021-2031F
    11.3.1.7. Neurology Testing
      11.3.1.7.1. By Value (USD Million) 2021-2031F
      11.3.1.7.2. Market Share (%) 2021-2031F
      11.3.1.7.3. Y-o-Y Growth (%) 2021-2031F
    11.3.1.8. Other Testing
      11.3.1.8.1. By Value (USD Million) 2021-2031F
      11.3.1.8.2. Market Share (%) 2021-2031F
      11.3.1.8.3. Y-o-Y Growth (%) 2021-2031F
  11.3.2. By Technology
    11.3.2.1. Chemiluminescence Immunoassay
      11.3.2.1.1. By Value (USD Million) 2021-2031F
      11.3.2.1.2. Market Share (%) 2021-2031F
      11.3.2.1.3. Y-o-Y Growth (%) 2021-2031F
    11.3.2.2. Enzyme-Linked Immunosorbent Assay
      11.3.2.2.1. By Value (USD Million) 2021-2031F
      11.3.2.2.2. Market Share (%) 2021-2031F
      11.3.2.2.3. Y-o-Y Growth (%) 2021-2031F
    11.3.2.3. Mass Spectrometry
      11.3.2.3.1. By Value (USD Million) 2021-2031F
      11.3.2.3.2. Market Share (%) 2021-2031F
      11.3.2.3.3. Y-o-Y Growth (%) 2021-2031F
    11.3.2.4. Real-Time PCR
      11.3.2.4.1. By Value (USD Million) 2021-2031F
      11.3.2.4.2. Market Share (%) 2021-2031F
      11.3.2.4.3. Y-o-Y Growth (%) 2021-2031F
    11.3.2.5. DNA Sequencing
      11.3.2.5.1. By Value (USD Million) 2021-2031F
      11.3.2.5.2. Market Share (%) 2021-2031F
      11.3.2.5.3. Y-o-Y Growth (%) 2021-2031F
    11.3.2.6. Flow Cytometry
      11.3.2.6.1. By Value (USD Million) 2021-2031F
      11.3.2.6.2. Market Share (%) 2021-2031F
      11.3.2.6.3. Y-o-Y Growth (%) 2021-2031F
    11.3.2.7. Other Technologies
      11.3.2.7.1. By Value (USD Million) 2021-2031F
      11.3.2.7.2. Market Share (%) 2021-2031F
      11.3.2.7.3. Y-o-Y Growth (%) 2021-2031F
  11.3.3. By End User
    11.3.3.1. Independent & Reference Laboratories
      11.3.3.1.1. By Value (USD Million) 2021-2031F
      11.3.3.1.2. Market Share (%) 2021-2031F
      11.3.3.1.3. Y-o-Y Growth (%) 2021-2031F
    11.3.3.2. Hospital-Based Laboratories
      11.3.3.2.1. By Value (USD Million) 2021-2031F
      11.3.3.2.2. Market Share (%) 2021-2031F
      11.3.3.2.3. Y-o-Y Growth (%) 2021-2031F

12 NORTH AMERICA ESOTERIC TESTING MARKET SIZE & FORECAST 2021A-2031F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Type
  12.3.2. By Technology
  12.3.3. By End User
  12.3.4. Country
  12.3.5. United States
  12.3.6. Canada

13 EUROPE ESOTERIC TESTING MARKET SIZE & FORECAST 2021A-2031F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Type
  13.3.2. By Technology
  13.3.3. By End User
13.4. Country
  13.4.1. Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14 ASIA ESOTERIC TESTING MARKET SIZE & FORECAST 2021A-2031F

14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Type
  14.3.2. By Technology
  14.3.3. By End User
14.4. By Country
  14.4.1. India
  14.4.2. China
  14.4.3. South Korea
  14.4.4. Japan
  14.4.5. Rest of APAC

15 MIDDLE EAST AND AFRICA ESOTERIC TESTING MARKET SIZE & FORECAST 2021A-2031F

15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Type
  15.3.2. By Technology
  15.3.3. By End User
15.4. Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4. South Africa
  15.4.5. Rest of Middle East and Africa

16 LATIN AMERICA ESOTERIC TESTING MARKET SIZE & FORECAST 2021A-2031F

16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1. By Type
  16.3.2. By Technology
  16.3.3. By End User
16.4. Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17 COMPETITIVE LANDSCAPE

17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders

18 COMPANY PROFILES

18.1. ARUP Laboratories
  18.1.1. Company Overview
  18.1.2. Financial Overview
  18.1.3. Key Product; Analysis
  18.1.4. Company Assessment
    18.1.4.1. Product Portfolio
    18.1.4.2. Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. Baylor Esoteric and Molecular Laboratory
18.3. Foundation Medicine
18.4. Healius Limited
18.5. Laboratory Corporation
18.6. Mayo Foundation for Medical Education and Research
18.7. OPKO Health
18.8. Quest Diagnostics
18.9. Sonic Healthcare Limited
18.10. Stanford Clinical Pathology
18.11. Other Prominent Players

19 APPENDIX

20 CONSULTANT RECOMMENDATION


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