Clinical Laboratory Services Market To Reach $286.77 Billion By 2030

Clinical Laboratory Services Market Growth & Trends

The global clinical laboratory services market size is expected to reach USD 286.77 billion by 2030, registering a CAGR of 3.82% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth of the industry can be attributed to the increasing prevalence of the geriatric population, which, in turn, is propelling the demand for early disease diagnosis. The growing prevalence of target diseases, such as diabetes and Cardiovascular Diseases (CVDs), is a high impact-rendering driver for industry growth over the forecast period. Cardiovascular disease is the leading cause of death globally. The presence of unmet medical needs pertaining to disease management and the subsequent increase in patient awareness in more regions are expected to boost the demand for clinical laboratory testing.

Improvements in laboratory testing technology through break through and incremental advances are high-impact-rendering drivers for industry growth. Market firms are engaged in introducing new Servicess to serve the unmet demand of patients. For instance, in May 2022, Hamilton County entered into a partnership with Ethos Laboratories for the launch of no-cost COVID-19 testing sites. In July 2022, Mayo Clinic laboratories launched monkeypox tests to increase availability and accessibility to a wider target population. Moreover, in January 2022, Quest Diagnostics launched COVID-19 rapid antigen tests available through QuestDirect in collaboration with eMed to provide access to testing for COVID-19 at home. The pandemic affected millions of people globally. According to the CDC and WHO, the standard for diagnosis of COVID-19 is RT-PCR for samples from the respiratory tract.

The adoption of PCR technology for the diagnosis of COVID-19 and the genetic sequencing of the virus for the development of a cure is driving the industry. Due to this pandemic, there is an increase in the approval of tests for the diagnosis of the novel coronavirus, with most of these tests approved under Emergency Use Authorization (EUA) by federal agencies. Furthermore, the industry operates through different sales channels-laboratories and hospitals. The presence of prominent players in various regions is expected to drive the industry. For instance, in February 2022,Labcorp entered into a comprehensive partnership with Ascension. Through this collaboration, Labcorp will handle Ascension’s hospital-based labs situated in ten states for buying assets for its outreach laboratory business.

 Request a free sample copy or view report summary: Clinical Laboratory Services Market Report

Clinical Laboratory Services Market Report Highlights

• Based on test type, the clinical chemistry segment led the market with the largest revenue share of 56.60% in 2024. 

• Based on service provider, the hospital-based laboratories segment accounted for the largest market share in 2024. 

• Based on application, the bioanalytical & lab chemistry services segment accounted for the largest revenue share in 2024. 

• North America dominated the clinical laboratory services market with the largest revenue share of 37.24% in 2024.

Clinical Laboratory Services Market Segmentation

Grand View Research has segmented the global clinical laboratory service market on the basis of test type, application, service provider, and region:

Clinical Laboratory Services Test Type Outlook (Revenue, USD Million, 2018 - 2030)

• Genetic Testing

• Clinical Chemistry

  • Routine Chemistry Testing

  • Therapeutic Drug Monitoring Testing

  • Endocrinology Chemistry Testing

  • Specialized Chemistry Testing

  • Other Clinical Chemistry Testing

• Medical Microbiology Testing

  • Infectious Disease Testing

  • Transplant Diagnostic Testing

  • Other Microbiology Testing

• Hematology Testing

• Immunology Testing

• Cytology Testing

• Drug of Abuse Testing

• Other Esoteric Tests

Clinical Laboratory Services Service Provider Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital-Based Laboratories

• Stand-Alone Laboratories

• Clinic-Based Laboratories

Clinical Laboratory Services Application Outlook (Revenue, USD Million, 2018 - 2030)

• Bioanalytical & Lab Chemistry Services

• Toxicology Testing Services

• Cell & Gene Therapy Related Services

• Preclinical & Clinical Trial Related Services

• Drug Discovery & Development Related Services

• Other Clinical Laboratory Services

Clinical Laboratory Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Colombia

  • Peru

  • Argentina

• Middle East and Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Clinical Laboratory Services Market

• Laboratory Corporation of America Holdings (LabCorp)

• QIAGEN

• Eurofins Scientific

• Quest Diagnostics Incorporated

• OPKO Health, Inc.

• Siemens Healthineers AG

• NeoGenomics Laboratories.

• Fresenius Medical Care.

• ARUP Laboratories.

• Sonic Healthcare Limited

• Charles River Laboratories.

• SYNLAB International

• Mayo Clinic Laboratories

• Unilabs