Laboratory Developed Tests Market Size, Share & Trends Report

Laboratory Developed Tests Market Size, Share & Trends Analysis Report By Technology (Immunoassay, Molecular Diagnostics), By Application (Oncology, Nutritional & Metabolic Disease), By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-4-68040-010-5
Number of Pages: 125
Format: Electronic (PDF)

Historical Range: 2018 - 2022
Industry: Healthcare

Market Segmentation

Laboratory Developed Tests Technology Outlook (Revenue, USD Billion, 2018 - 2030)
- Immunoassays
- Hematology and Coagulation
- Molecular Diagnostics
- Microbiology
- Clinical Chemistry
- Histology/Cytology
- Flow Cytometry
- Mass Spectroscopy
- Others
Laboratory Developed Tests Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Oncology
  - Companion Diagnostics
  - Genomics Sequencing & Other
- Genetic Disorders/Inherited Disease
- Infectious & Parasitic Diseases
- Immunology
- Endocrine
- Nutritional & Metabolic Disease
- Cardiology
- Mental/Behavioral Disorder
- Pediatrics-specific Testing
- Hematology/General Blood Testing
- Bodily Fluid Analysis
- Toxicology
- Other Diseases
Laboratory Developed Tests Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
  - North America Laboratory Developed Tests Market, By Technology
    - Immunoassays
    - Hematology and Coagulation
    - Molecular Diagnostics
    - Microbiology
    - Clinical Chemistry
    - Histology/Cytology
    - Flow Cytometry
    - Mass Spectroscopy
    - Others
  - North America Laboratory Developed Tests Market, By Application
    - Oncology
      - Companion Diagnostics
      - Genomics Sequencing & Other
    - Genetic Disorders/Inherited Disease
    - Infectious & Parasitic Diseases
    - Immunology
    - Endocrine
    - Nutritional & Metabolic Disease
    - Cardiology
    - Mental/Behavioral Disorder
    - Pediatrics-specific Testing
    - Hematology/General Blood Testing
    - Bodily Fluid Analysis
    - Toxicology
    - Other Diseases
  - U.S.
    - U.S. Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - U.S. Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Canada
    - Canada Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Canada Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
- Europe
  - Europe Laboratory Developed Tests Market, By Technology
    - Immunoassays
    - Hematology and Coagulation
    - Molecular Diagnostics
    - Microbiology
    - Clinical Chemistry
    - Histology/Cytology
    - Flow Cytometry
    - Mass Spectroscopy
    - Others
  - Europe Laboratory Developed Tests Market, By Application
    - Oncology
      - Companion Diagnostics
      - Genomics Sequencing & Other
    - Genetic Disorders/Inherited Disease
    - Infectious & Parasitic Diseases
    - Immunology
    - Endocrine
    - Nutritional & Metabolic Disease
    - Cardiology
    - Mental/Behavioral Disorder
    - Pediatrics-specific Testing
    - Hematology/General Blood Testing
    - Bodily Fluid Analysis
    - Toxicology
    - Other Diseases
  - UK
    - UK Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - UK Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Germany
    - Germany Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Germany Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - France
    - France Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - France Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Italy
    - Italy Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Italy Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Spain
    - Spain Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Spain Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Denmark
    - Denmark Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Denmark Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Sweden
    - Sweden Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Sweden Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Norway
    - Norway Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Norway Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
- Asia Pacific
  - Asia Pacific Laboratory Developed Tests Market, By Technology
    - Immunoassays
    - Hematology and Coagulation
    - Molecular Diagnostics
    - Microbiology
    - Clinical Chemistry
    - Histology/Cytology
    - Flow Cytometry
    - Mass Spectroscopy
    - Others
  - Asia Pacific Laboratory Developed Tests Market, By Application
    - Oncology
      - Companion Diagnostics
      - Genomics Sequencing & Other
    - Genetic Disorders/Inherited Disease
    - Infectious & Parasitic Diseases
    - Immunology
    - Endocrine
    - Nutritional & Metabolic Disease
    - Cardiology
    - Mental/Behavioral Disorder
    - Pediatrics-specific Testing
    - Hematology/General Blood Testing
    - Bodily Fluid Analysis
    - Toxicology
    - Other Diseases
  - Japan
    - Japan Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Japan Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - China
    - China Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - China Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - India
    - India Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - India Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - South Korea
    - South Korea Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - South Korea Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Australia
    - Australia Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Australia Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Thailand
    - Thailand Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Thailand Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
- Latin America
  - Latin America Laboratory Developed Tests Market, By Technology
    - Immunoassays
    - Hematology and Coagulation
    - Molecular Diagnostics
    - Microbiology
    - Clinical Chemistry
    - Histology/Cytology
    - Flow Cytometry
    - Mass Spectroscopy
    - Others
  - Latin America Laboratory Developed Tests Market, By Application
    - Oncology
      - Companion Diagnostics
      - Genomics Sequencing & Other
    - Genetic Disorders/Inherited Disease
    - Infectious & Parasitic Diseases
    - Immunology
    - Endocrine
    - Nutritional & Metabolic Disease
    - Cardiology
    - Mental/Behavioral Disorder
    - Pediatrics-specific Testing
    - Hematology/General Blood Testing
    - Bodily Fluid Analysis
    - Toxicology
    - Other Diseases
  - Brazil
    - Brazil Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Brazil Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Mexico
    - Mexico Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Mexico Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Argentina
    - Argentina Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Argentina Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
- MEA
  - MEA Laboratory Developed Tests Market, By Technology
    - Immunoassays
    - Hematology and Coagulation
    - Molecular Diagnostics
    - Microbiology
    - Clinical Chemistry
    - Histology/Cytology
    - Flow Cytometry
    - Mass Spectroscopy
    - Others
  - MEA Laboratory Developed Tests Market, By Application
    - Oncology
      - Companion Diagnostics
      - Genomics Sequencing & Other
    - Genetic Disorders/Inherited Disease
    - Infectious & Parasitic Diseases
    - Immunology
    - Endocrine
    - Nutritional & Metabolic Disease
    - Cardiology
    - Mental/Behavioral Disorder
    - Pediatrics-specific Testing
    - Hematology/General Blood Testing
    - Bodily Fluid Analysis
    - Toxicology
    - Other Diseases
  - South Africa
    - South Africa Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - South Africa Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Saudi Arabia
    - Saudi Arabia Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Saudi Arabia Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - UAE
    - UAE Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - UAE Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases
  - Kuwait
    - Kuwait Laboratory Developed Tests Market, By Technology
      - Immunoassays
      - Hematology and Coagulation
      - Molecular Diagnostics
      - Microbiology
      - Clinical Chemistry
      - Histology/Cytology
      - Flow Cytometry
      - Mass Spectroscopy
      - Others
    - Kuwait Laboratory Developed Tests Market, By Application
      - Oncology
        
        Companion Diagnostics
        
        Genomics Sequencing & Other
      - Genetic Disorders/Inherited Disease
      - Infectious & Parasitic Diseases
      - Immunology
      - Endocrine
      - Nutritional & Metabolic Disease
      - Cardiology
      - Mental/Behavioral Disorder
      - Pediatrics-specific Testing
      - Hematology/General Blood Testing
      - Bodily Fluid Analysis
      - Toxicology
      - Other Diseases

Laboratory Developed Tests Market Dynamics

Driver: Global surge in incidences of genetic disorders and cancer

Cancer is one of the leading causes of death worldwide. As per National Cancer Institute, incidence of cancer is expected to increase to 23.6 million by 2030. According to data published by American Cancer Society, approximately 1.9 million new cancer cases and 608,570 deaths are estimated be reported in the U.S. in 2023. It also predicted that ovarian cancer is one of the leading causes of death among women. The estimates show that 19,710 new ovarian cancer cases and 13,270 deaths due to ovarian cancer are likely to be reported in the U.S. in 2023. Such factors would further boost the demand for laboratory developed tests for early diagnosis of cancer. Furthermore, genetic testing has been made widely available for direct consumer purchase for complex and common diseases. It is usually available through online channels, without the involvement of a healthcare professional. In 2017, FDA authorized the first DTC genetic test developed by 23andMe— PGS Genetic Health Risk test. This test would provide information about the risk of developing genetic diseases. Several developments by market players have contributed to the segment growth. For instance, in January 2023, Bionano Laboratories announced the launch of OGM-Dx HemeOne, a laboratory-based test based on the analysis of Optical Genome Mapping (OGM) of bone marrow or blood samples to identify Structural Variants (SVs) in patients with newly diagnosed or previously diagnosed hematological malignancies useful for diagnosis and prognosis.

Driver: Increase in the adoption of personalized medicines

Laboratory developed tests are important tools to rapidly incorporate new information and decide which drug to utilize for personalized therapy. They enable treatments to shift from a “one drug fits all” approach to a much more personalized approach based on the unique genetics of each person and their disease. Tests developed in the laboratory are critical in public health defense by allowing the identification of Severe Acute Respiratory Syndrome (SARS) or avian flu. These tests are performed and developed by individualized laboratories, offering reliable and early diagnosis for several rare and complex diseases. Laboratory developed test regulations are important for advancements in precision oncology because various tests are used for selection of cancer therapy and to determine cancer risk. In recent years, both large hospital systems and academic cancer centers have invested in developing in-house testing for cancer patients. Moreover, the FDA continued to approve new companion diagnostics through 2022 with precision oncology drugs, including several lab developed tests like Myriad Genetics' BRACAnalysis CDx and Guardant Health's Guardant360 CDx. Most genetic lab tests that cancer patients receive are not FDA-approved. Continuous launch of products by market players would further contribute to the segment growth.

Restraint: High cost associated with the laboratory-developed

Lab-developed tests render indispensable applications in the field of disease diagnosis. However, high prices associated with molecular assays are one of the major factors impeding market growth. In addition, flow cytometry technique comprises a range of price for instruments, reagents, software, and services. The reagents used for specific applications and flow cytometry setup are cost-intensive. These factors are expected to limit growth of flow cytometry market over the forecast period. However, healthcare authorities have taken steps to reduce the burden of high cost on manufacturers. Decrease in development cost is anticipated to reduce the overall cost of tests for healthcare providers and patients. Furthermore, in some countries, healthcare authorities have taken initiatives to lower the price pressure on patients; however, this has resulted in increased price pressure on laboratories conducting COVID-19 tests. For instance, in India, the Indian Council of Medical Research (ICMR) fixed the cost of COVID-19 tests at about USD 59 in private laboratories; however, due to high operating costs and low testing, private laboratories are faced with increased price pressure.

What Does This Report Include?

This section will provide insights into the contents included in this laboratory developed tests market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Laboratory developed tests market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Laboratory developed tests market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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