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Global Esoteric Testing Market Size study, by Type (Oncology testing, Infectious disease testing, Genetic testing, Endocrinology testing, Toxicology testing, Neurology testing, Others), By Technology (Chemiluminescence immunoassay, Enzyme-linked immunosorbent assay, Mass spectrometry, Real time polymerase chain reaction, Flow cytometry, Other), By End Use (Hospital-based laboratories, Independent and reference laboratories, Others) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G69F2744F24CEN
Bizwit Research & Consulting LLP

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Global Esoteric Testing Market is valued approximately USD 22.06 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 11.81% over the forecast period 2024-2032. Esoteric tests are specialized laboratory procedures typically offered in regular clinical labs due to their complexity, the rarity of the disorders they diagnose, or the specialized expertise required to interpret the results. These tests are performed in specialized labs, include advanced biomarker assays, tests for rare infections, and genetic tests for uncommon disorders. Unlike routine blood or urine tests, esoteric diagnostics are usually outsourced to reference labs equipped with the necessary technology and expertise. These tests are invaluable in certain clinical settings and scientific research, utilizing advanced technologies like next-generation sequencing and real-time polymerase chain reaction. The rising prevalence of rare diseases is a key trend for the Global Esoteric Testing Market. Increased awareness and identification of rare diseases are boosting the demand for specialized tests that diagnose these conditions accurately and early.

In addition, the expansion of the Esoteric Testing Market is predominantly fueled by the growing need for early disease detection and the increasing prevalence of cancer, supported by a high demand for safer diagnostic alternatives. According to the National Center for Biotechnology Information (NCBI), it is estimated that approximately 1.95 million cancer cases will be diagnosed, with 609,820 cancer-related deaths expected in the U.S. in 2023. The market is expected to experience significant growth due to the lucrative opportunities presented by existing esoteric testing options and the strong demand for technologically advanced and cost-effective tests. Furthermore, the integration of advanced esoteric testing technologies into both independent and reference laboratories is projected to drive market expansion across the globe. Moreover, esoteric tests play a vital role in identifying specific genetic markers and biomarkers essential for developing personalized treatment plans. For instance, in February 2023, F. Hoffmann-La Roche Ltd announced an expansion of its collaboration with Janssen to advance personalized healthcare through companion diagnostics. This indicates a growing preference for personalized medicine globally, which is anticipated to boost product demand in the anticipated years. However, lack of skilled healthcare professional in developing countries, coupled with the stringent regulatory framework is expected to stifle Global Esoteric Testing Market growth between 2024 and 2032.

The key regions considered for the global Esoteric Testing Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America dominates the Esoteric Testing Market share. Government backing for superior healthcare, accessible reimbursements, strong purchasing capabilities, and the increasing prevalence of infections and chronic illnesses like cancer are pivotal drivers of growth in this region. The rise in research and development initiatives, substantial investments, and a growing prevalence of rare diseases. According to the National Organization for Rare Disorders (NORD), approximately 25-30 million individuals were affected by rare diseases in 2021 in North America alone. Moreover, nearly one in ten Americans has a rare disease, with over half of these cases occurring in children. Whereas, Asia Pacific is poised for rapid growth driven by patient populations and the expanding presence of established healthcare providers, particularly in countries like India and China.


Major market player included in this report are:
Laboratory Corporation of America Holdings
Opko Health, Inc
Quest Diagnostics Incorporated
Sonic Healthcare Limited
H.U. Group Holdings, Inc
Kindstar Globalgene Technology, Inc
Stanford Health Care
Mayo Foundation for Medical Education and Research
ARUP Laboratories
Healius Limited

The detailed segments and sub-segment of the market are explained below:

By Type
Oncology testing
Infectious disease testing
Genetic testing
Endocrinology testing
Toxicology testing
Neurology testing
Others

By Technology
Chemiluminescence immunoassay
Enzyme-linked immunosorbent assay
Mass spectrometry
Real time polymerase chain reaction
Flow cytometry
Other

By End Use
Hospital-based laboratories
Independent and reference laboratories
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
CHAPTER 1. GLOBAL ESOTERIC TESTING MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Global Esoteric Testing Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Type
  2.3.2. By Technology
  2.3.3. By End Use
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. GLOBAL ESOTERIC TESTING MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. GLOBAL ESOTERIC TESTING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ESOTERIC TESTING MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Oncology testing
5.2. Infectious disease testing
5.3. Genetic testing
5.4. Endocrinology testing
5.5. Toxicology testing
5.6. Neurology testing
5.7. Others

CHAPTER 6. GLOBAL ESOTERIC TESTING MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

6.1. Chemiluminescence immunoassay
6.2. Enzyme-linked immunosorbent assay
6.3. Mass spectrometry
6.4. Real time polymerase chain reaction
6.5. Flow cytometry
6.6. Other

CHAPTER 7. GLOBAL ESOTERIC TESTING MARKET SIZE & FORECASTS BY END USE 2022-2032

7.1. Hospital-based laboratories
7.2. Independent and reference laboratories
7.3. Others

CHAPTER 8. GLOBAL ESOTERIC TESTING MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Esoteric Testing Market
  8.1.1. U.S. Esoteric Testing Market
    8.1.1.1. Type breakdown size & forecasts, 2022-2032
    8.1.1.2. Technology breakdown size & forecasts, 2022-2032
    8.1.1.3. End Use breakdown size & forecasts, 2022-2032
  8.1.2. Canada Esoteric Testing Market
8.2. Europe Esoteric Testing Market
  8.2.1. U.K. Esoteric Testing Market
  8.2.2. Germany Esoteric Testing Market
  8.2.3. France Esoteric Testing Market
  8.2.4. Spain Esoteric Testing Market
  8.2.5. Italy Esoteric Testing Market
  8.2.6. Rest of Europe Esoteric Testing Market
8.3. Asia-Pacific Esoteric Testing Market
  8.3.1. China Esoteric Testing Market
  8.3.2. India Esoteric Testing Market
  8.3.3. Japan Esoteric Testing Market
  8.3.4. Australia Esoteric Testing Market
  8.3.5. South Korea Esoteric Testing Market
  8.3.6. Rest of Asia Pacific Esoteric Testing Market
8.4. Latin America Esoteric Testing Market
  8.4.1. Brazil Esoteric Testing Market
  8.4.2. Mexico Esoteric Testing Market
  8.4.3. Rest of Latin America Esoteric Testing Market
8.5. Middle East & Africa Esoteric Testing Market
  8.5.1. Saudi Arabia Esoteric Testing Market
  8.5.2. South Africa Esoteric Testing Market
  8.5.3. Rest of Middle East & Africa Esoteric Testing Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Laboratory Corporation of America Holdings
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Opko Health, Inc
  9.3.3. Quest Diagnostics Incorporated
  9.3.4. Sonic Healthcare Limited
  9.3.5. H.U. Group Holdings, Inc.
  9.3.6. Kindstar Globalgene Technology, Inc.
  9.3.7. Stanford Health Care
  9.3.8. Mayo Foundation for Medical Education and Research
  9.3.9. ARUP Laboratories
  9.3.10. Healius Limited

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Esoteric Testing Market, report scope
TABLE 2. Global Esoteric Testing Market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Esoteric Testing Market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Esoteric Testing Market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 5. Global Esoteric Testing Market estimates & forecasts by End Use 2022-2032 (USD Billion)
TABLE 6. Global Esoteric Testing Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Esoteric Testing Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Esoteric Testing Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Esoteric Testing Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Esoteric Testing Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Esoteric Testing Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Esoteric Testing Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Esoteric Testing Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Esoteric Testing Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Global Esoteric Testing Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. U.S. Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. U.S. Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Canada Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. Canada Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Canada Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. UK Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. UK Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. UK Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Germany Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26. Germany Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Germany Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. France Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29. France Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. France Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. Italy Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 32. Italy Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Italy Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. Spain Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 35. Spain Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. Spain Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 37. RoE Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 38. RoE Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. RoE Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 40. China Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 41. China Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. China Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 43. India Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 44. India Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. India Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 46. Japan Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 47. Japan Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Japan Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 49. Australia Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 50. Australia Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. Australia Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 52. South Korea Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 53. South Korea Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54. South Korea Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 55.
TABLE 56. RoAPAC Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 57. RoAPAC Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. RoAPAC Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 59. Brazil Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 60. Brazil Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Brazil Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 62. Mexico Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 63. Mexico Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. Mexico Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 65. RoLA Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 66. RoLA Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. RoLA Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. Saudi Arabia Esoteric Testing Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 71. South Africa Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 72.
TABLE 73. South Africa Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. South Africa Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. RoMEA Esoteric Testing Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 78. List of secondary sources, used in the study of Global Esoteric Testing Market.
TABLE 79. List of primary sources, used in the study of Global Esoteric Testing Market.
TABLE 80. Years considered for the study.
TABLE 81. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Esoteric Testing Market, research methodology
FIG 2. Global Esoteric Testing Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Esoteric Testing Market, key trends 2023
FIG 5. Global Esoteric Testing Market, growth prospects 2022-2032
FIG 6. Global Esoteric Testing Market, porters 5 force model
FIG 7. Global Esoteric Testing Market, pestel analysis
FIG 8. Global Esoteric Testing Market, value chain analysis
FIG 9. Global Esoteric Testing Market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Esoteric Testing Market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Esoteric Testing Market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Esoteric Testing Market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Esoteric Testing Market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Esoteric Testing Market, regional snapshot 2022 & 2032
FIG 15. North America Esoteric Testing Market 2022 & 2032 (USD Billion)
FIG 16. Europe Esoteric Testing Market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Esoteric Testing Market 2022 & 2032 (USD Billion)
FIG 18. Latin America Esoteric Testing Market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Esoteric Testing Market 2022 & 2032 (USD Billion)
FIG 20. Global Esoteric Testing Market, company market share analysis (2023)


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