[Research Report] The diagnostic labs market is projected to grow from US$ 297.06 billion in 2021 to US$ 514.28 billion by 2028; it is expected to grow at a CAGR of 8.3% from 2022 to 2028.
The increasing prevalence of chronic diseases, increasing use of point-of-care diagnostics, and rising healthcare expenditures bolster the growth of the diagnostic labs market. Additionally, the growing developments in diagnostics laboratories are likely to emerge as a significant future trend in the diagnostic labs market from 2022 to 2028. However, a shortage of skilled professionals hampers the overall market growth.
Consequently, the health-tech era took off and transformed the healthcare segment to unimaginable levels. Since then, various start-ups have emerged that have revolutionized the industry with innovations such as telemedicine, teleconsultation, and, in particular, diagnostic solutions. Diagnostics labs form the backbone of healthcare. Technology adoption is essential to meet the increasing consumer demand and have a competitive advantage in the market. In light of this, industry players are harnessing the power of technology to offer new generation healthcare solutions. The technology used in diagnostic labs is rapidly moving toward complete transformation with the help of the latest developments in artificial intelligence (AI) and machine learning (ML). From developing accurate and efficient diagnostic solutions to adapting to technological interventions, various forward-thinking R&D teams are already working to develop newer and simpler blood analysis and diagnosis methods. Some of the developments in the diagnostics lab market are as follows:
- In January 2019, Roche launched the Cobas pro integrated solutions in all countries accepting the CE mark. The product has reset maintenance, efficiency, and reliability standards by increasing patient satisfaction and lowering the cost of healthcare delivery.
- In February 2020, Ortho Clinical Diagnostics launched a clinical chemistry system that completed its integrated Vitros XT line, designed to cover most typical lab tests. The company estimated its maximum throughput at 755 tests per hour with single-test slides and 1,130 tests per hour with dual-test slides. Moreover, The company’s XT 3400 system received CE marking and is available in the US, Canada, Europe, India, Japan, and a few countries in the Middle East & Africa.
- In September 2021, Ortho Clinical Diagnostics announced the availability of Immediate Spin Crossmatch (ISXM) on the company's Ortho Vision and Ortho Vision Max analyzers to help identify recipient-donor incompatibilities in blood transfusions.
Therefore, such developments would boost the market for diagnostics labs shortly.
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Diagnostic Labs Market: Strategic Insights
Market Size Value in US$ 297.06 Billion in 2021 Market Size Value by US$ 514.28 Billion by 2028 Growth rate CAGR of 8.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Diagnostic Labs Market: Strategic Insights
| Market Size Value in | US$ 297.06 Billion in 2021 |
| Market Size Value by | US$ 514.28 Billion by 2028 |
| Growth rate | CAGR of 8.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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North America is estimated to continue its dominance in the diagnostic labs market during 2022–2028. The region is anticipated to witness substantial demand for diagnostic labs over the forecast period, owing to the increasing adoption of technological advancements and rising research and development activities in this region. Improved healthcare infrastructure and appropriate reimbursement policies also support the North America diagnostic labs market. The US is expected to hold the largest market share in the North American market from 2022 to 2028. The market is expected to grow in the coming years owing to the increasing adoption of technological advancements and rising emphasis on improving treatment outcomes. The US diagnostic labs serve as the foundation for millions of patients' early diagnosis, prevention, and personalized care, accelerating demand at a large scale. For example, early diagnosis, prevention, and personalized care in diagnostic labs in the US involve routine blood tests of patients and ground-breaking genetic and molecular diagnostics. Diagnostic laboratories play a vital role in improving patient outcomes and quality of life delivery of better healthcare value to the healthcare system, according to the American Clinical Laboratory Association (ACLA) report. Additionally, diagnostic laboratory services comprise only 2.3% of US healthcare expenditure and 2% of medicare expenditure. Therefore, diagnostic laboratories are an integral part of the US healthcare system and the patient it services. Moreover, nearly 25% of US patient care quality indicators for adults are included in laboratory tests. Quality indicators are standardized, evidence-based measures of healthcare quality that can be used readily by hospitals serving inpatient administrative data for tracking and measuring clinical performance and outcomes. Such quality indicators play a vital role in ensuring high-quality, cost-effective clinical care by informing laboratory medicine professionals to obtain objective scientific data and deliver an interpretation of results of US adults. Such factors mentioned above are driving the growth of the diagnostic labs market.
Lucrative Regions for Diagnostic Labs Market
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Revenue Source Insights
Based on revenue source, the diagnostic labs market is segmented into healthcare plan operators and insurers, out-of-pocket, and public system. The healthcare plan operators and insurers segment is estimated to account for the largest market share during 2022–2028. There has been an increase in the number of private insurers that offer customizable insurance products. Many of the provisions provided by the Global Government are similar to the Affordable Care Act, which focuses on expanding healthcare insurance coverage. It generates incentives for employers to provide health coverage and compels people who are not covered under the insurance program of their governments or employers to purchase private healthcare insurance. In 2018, ~23% of Global had private medical/hospital insurance, and ~9.6% had dental insurance. Moreover, ~70% of beneficiaries, who receive health insurance facilities, receive their private health insurance as an employment benefit. Private health plan operators offer healthcare services through facilities or accredited healthcare organizations. Alternatively, they can reimburse enrollees for purchased health care services. The aforementioned factors will help boost the healthcare plan operators and insurers segment in the forecast period.
Diagnostic Labs Market, by Revenue Source – 2022 and 2028
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Diagnostic Labs Market – Segmentation
Based on lab type, the diagnostic labs market is segmented into single/independent laboratories, hospital-based labs, physician office labs, and others. Based on testing services, the diagnostic labs market is segmented into physiological function testing, general and clinical testing, esoteric testing, specialized testing, non-invasive prenatal testing, COVID-19 testing, and others. By revenue source, the diagnostic labs market is segmented into healthcare plan operators and insurers, out-of-pocket, and public system. Based on geography, the diagnostic labs market is primarily segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South & Central America. The market in North America is further segmented into the US, Canada, and Mexico. The European diagnostic labs market is subsegmented into France, Germany, the UK, Spain, Italy, and the Rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The diagnostic labs market in the MEA is further segmented into Saudi Arabia, the UAE, South Africa, and the Rest of the MEA. The diagnostic labs market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America.
Company Profiles
- Quest Diagnostics Incorporated
- Eurofins Scientific
- Laboratory Corporation of America Holdings
- Exact Sciences Laboratories LLC
- SYNLAB International GmbH
- Sonic Healthcare Limited
- DASA Labs
- Kingmed Diagnostics
- Healius Limited
- BioReference
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Lab Type, Testing Services, and Revenue Source
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Global diagnostic labs market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, the U.S. is the largest market for diagnostic labs market. The US is estimated to hold the largest share in the diagnostic labs market during the forecast period. The presence of top players and favorable regulations related to product approvals coupled with commercializing new products are the contributing factors for the regional growth. Additionally, the increasing number of technological advancements is the key factor responsible for the Asia-Pacific regional growth for diagnostic labs accounting fastest growth of the region during the coming years.
Quest Diagnostics Incorporated; Eurofins Scientific; Laboratory Corporation of America Holdings; Exact Sciences Laboratories LLC; SYNLAB International GmbH; Dasa Labs; KingMed Diagnostics; BioReference; Sonic Healthcare Limited; Healius Limited are among the leading companies operating in the global diagnostic labs market
The physiological function testing segment dominated the global diagnostic labs market and accounted for the largest revenue of US $94.66 million in 2022.
Based on lab type, hospital-based labs took the forefront leaders in the worldwide market by accounting largest share in 2022 and is expected to continue to do so till the forecast period.
Increasing prevalence of chronic diseases and increasing use of point-of-care diagnostics is one of the most significant factors responsible for the overall market growth.
Answer: Diagnostic laboratories play an important role in reducing the widespread impact of certain diseases. The experts in the pathology labs are skilled enough to get into the details of the underlying problems. As diagnostic chains and insurance coverage expand, clinical laboratory tests are becoming more common. This is due to the increasing demands for the early detection of diseases and the earliest possible search for causes to receive appropriate therapy. Due to an increased burden of COVID-19 testing or a drop in demand for other types of diagnostic tests, several laboratories have stopped performing other diagnostic procedures. During the first wave of COVID-19, diagnostic labs were forced to offer at-home sample collection services as the number of cases and people coming into the labs increased.
1. Introduction 30
1.1 Study Scope. 30
1.2 The Insight Partners Research Report Guidance. 30
1.3 Market Segmentation. 31
1.3.1 Global Diagnostic Labs Market – By Lab Type. 31
1.3.2 Global Diagnostic Labs Market – By Testing Services. 32
1.3.3 Global Diagnostic Labs Market – By Revenue Source. 32
1.3.4 Global Diagnostic Labs Market – By Geography. 33
2. Diagnostic Labs Market – Key Takeaways 35
3. Research Methodology 41
3.1 Coverage. 42
3.2 Secondary Research. 42
3.3 Primary Research. 42
4. Global Diagnostic Labs Market – Market Landscape 44
4.1 Overview.. 44
4.2 PEST Analysis. 44
4.2.1 North America – PEST Analysis. 44
4.2.2 Europe – PEST Analysis. 45
4.2.3 Asia Pacific – PEST Analysis. 45
4.2.4 Middle East & Africa – PEST Analysis. 46
4.2.5 South & Central America – PEST Analysis. 46
4.3 Expert Opinion. 47
5. Diagnostic Labs Market – Key Market Dynamics 48
5.1 Market Drivers. 48
5.1.1 Increasing Prevalence of Chronic Diseases. 48
5.1.2 Increasing Use of Point-of-Care Diagnostics. 48
5.2 Market Restraints. 49
5.2.1 Shortage of Skilled Professionals. 49
5.3 Market Opportunities. 49
5.3.1 Increasing Adoption of Automated Platforms. 49
5.4 Future Trends. 50
5.4.1 Growing Developments in Diagnostics Laboratories. 50
6. Diagnostic Labs Market– Global Analysis 52
6.1 Global Diagnostic Labs Market Revenue Forecast and Analysis. 52
6.1.1 Global Diagnostic Labs Market Revenue Forecast and Analysis. 52
6.1.2 Global Diagnostic Labs Market – Market Potential Analysis, By Region. 53
6.2 Market Share Analysis. 54
6.2.1 Company Analysis. 55
6.2.2 Growth Strategy Analysis. 55
6.2.3 Market Positioning of Key Players in Diagnostic Labs Market 57
6.2.3.1 Quest Diagnostics Incorporated. 57
6.2.3.2 Laboratory Corporation of America Holdings. 58
7. Global Diagnostic Labs Market Revenue and Forecast to 2028 – by Lab Type 59
7.1 Overview.. 59
7.2 Global Diagnostic Labs Market, by Lab Type 2022 & 2028 (%) 59
7.3 Hospital-based Labs. 60
7.3.1 Overview.. 60
7.3.2 Hospital-based Labs: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 60
7.4 Single/Independent Laboratories. 61
7.4.1 Overview.. 61
7.4.2 Single/Independent Laboratories: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 61
7.5 Physician Office Labs (POL) 62
7.5.1 Overview.. 62
7.5.2 Physician Office Labs: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 62
7.6 Others. 63
7.6.1 Overview.. 63
7.6.2 Others: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 63
8. Global Diagnostic Labs Market Revenue and Forecast to 2028 – by Testing Services 64
8.1 Overview.. 64
8.2 Diagnostic Labs Market Revenue Share, by Testing Services (2022 and 2028) 64
8.3 Physiological Function Testing. 65
8.3.1 Overview.. 65
8.3.2 Physiological Function Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 65
8.3.3 Endoscopy Market 66
8.3.3.1 Overview.. 66
8.3.3.2 Endoscopy Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 66
8.3.4 X-Ray Market 67
8.3.4.1 Overview.. 67
8.3.4.2 X-Ray Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 67
8.3.5 CT Market 68
8.3.5.1 Overview.. 68
8.3.5.2 CT Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 68
8.3.6 ECG Market 69
8.3.6.1 Overview.. 69
8.3.6.2 ECG Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 69
8.3.7 MRI Market 70
8.3.7.1 Overview.. 70
8.3.7.2 MRI Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 70
8.3.8 Echo Market 71
8.3.8.1 Overview.. 71
8.3.8.2 Echo Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 71
8.3.9 Others. 72
8.3.9.1 Overview.. 72
8.3.9.2 Others: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 72
8.4 COVID-19 Testing. 73
8.4.1 Overview.. 73
8.4.2 COVID-19 Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 73
8.5 General and Clinical Testing. 74
8.5.1 Overview.. 74
8.5.2 General and Clinical Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 74
8.6 Esoteric Testing. 75
8.6.1 Overview.. 75
8.6.2 Esoteric Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 75
8.7 Specialized Testing. 76
8.7.1 Overview.. 76
8.7.2 Specialized Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 76
8.8 Noninvasive Prenatal Testing. 77
8.8.1 Overview.. 77
8.8.2 Non-Invasive Prenatal Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 77
8.9 Others. 78
8.9.1 Overview.. 78
8.9.2 Others: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 78
9. Global Diagnostic Labs Market Revenue and Forecast to 2028 – by Revenue Source 79
9.1 Overview.. 79
9.2 Diagnostic Labs Market Revenue Share, by Revenue Source (2022 and 2028) 79
9.3 Healthcare Plan Operators and Insurers. 79
9.3.1 Overview.. 79
9.3.2 Healthcare Plan Operators and Insurers: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 80
9.4 Out-of-Pocket 81
9.4.1 Overview.. 81
9.4.2 Out-of-Pocket: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 81
9.5 Public System.. 82
9.5.1 Overview.. 82
9.5.2 Public System: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 82
10. Global Diagnostic Labs Market Revenue and Forecast to 2028– by Geography 83
10.1 North America: Diagnostic Labs Market Revenue and Forecasts To 2028. 83
10.1.1 Overview.. 83
10.1.2 North America: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion) 84
10.1.3 North America: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 84
10.1.3.1 North America: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 85
10.1.4 North America: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 85
10.1.5 North America: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 86
10.1.6 North America: Diagnostic Labs Market, by Country, 2022 & 2028 (%) 86
10.1.6.1 US: Global Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 86
10.1.6.1.1 Overview.. 86
10.1.6.1.2 US: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 87
10.1.6.1.3 US: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 87
10.1.6.1.4 US: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 88
10.1.6.1.5 US: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 88
10.1.6.1.6 US: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 89
10.1.6.2 Canada: Global Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 89
10.1.6.2.1 Overview.. 89
10.1.6.2.2 Canada: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 90
10.1.6.2.3 Canada: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 90
10.1.6.2.4 Canada: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 91
10.1.6.2.5 Canada: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 91
10.1.6.2.6 Canada: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 92
10.1.6.3 Mexico: Global Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 93
10.1.6.3.1 Overview.. 93
10.1.6.3.2 Mexico: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 93
10.1.6.3.3 Mexico: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 94
10.1.6.3.4 Mexico: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 94
10.1.6.3.5 Mexico: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 95
10.1.6.3.6 Mexico: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 95
10.2 Europe Diagnostic Labs Market, Revenue and Forecast to 2028. 96
10.2.1 Overview.. 96
10.2.2 Europe Diagnostic Labs Market, Revenue and Forecast to 2028 (US$ Mn) 97
10.2.3 Europe: Diagnostic Labs Market, by Lab Type, 2019–2028 (US$ Billion) 97
10.2.4 Europe: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 98
10.2.5 Europe: Diagnostic Labs Market, by Physiological Function Testing, 2019–2028 (US$ Billion) 98
10.2.6 Europe: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 99
10.2.7 Europe: Diagnostic Labs Market, by Country, 2022 & 2028 (%) 99
10.2.7.1 Germany: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 99
10.2.7.1.1 Overview.. 99
10.2.7.1.2 Germany: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 100
10.2.7.1.3 Germany: Diagnostic Labs Market, by Lab Type, 2019–2028 (US$ Billion) 100
10.2.7.1.4 Germany: Diagnostic Labs Market, by Testing Services, 2019-2028 (US$ Billion) 101
10.2.7.1.5 Germany: Diagnostic Labs Market, by Physiological Function Testing, 2019-2028 (US$ Billion) 101
10.2.7.1.6 Germany: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 102
10.2.7.2 France: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 103
10.2.7.2.1 Overview.. 103
10.2.7.2.2 France: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 103
10.2.7.2.3 France: Diagnostic Labs Market, by Lab Type, 2019–2028 (US$ Billion) 104
10.2.7.2.4 France: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 104
10.2.7.2.5 France: Diagnostic Labs Market, by Physiological Function Testing, 2019–2028 (US$ Billion) 105
10.2.7.2.6 France: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 105
10.2.7.3 UK: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 106
10.2.7.3.1 Overview.. 106
10.2.7.3.2 UK: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 106
10.2.7.3.3 UK: Diagnostic Labs Market, by Lab Type, 2019–2028 (US$ Billion) 107
10.2.7.3.4 UK: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 107
10.2.7.3.5 UK: Diagnostic Labs Market, by Physiological Function Testing, 2019–2028 (US$ Billion) 108
10.2.7.3.6 UK: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 108
10.2.7.4 Italy: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 109
10.2.7.4.1 Overview.. 109
10.2.7.4.2 Italy: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 109
10.2.7.4.3 Italy: Diagnostic Labs Market, by Lab Type, 2019–2028 (US$ Billion) 110
10.2.7.4.4 Italy: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 110
10.2.7.4.5 Italy: Diagnostic Labs Market, by Physiological Function Testing, 2019–2028 (US$ Billion) 111
10.2.7.4.6 Italy: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 111
10.2.7.5 Spain: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 112
10.2.7.5.1 Overview.. 112
10.2.7.5.2 Spain: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 112
10.2.7.5.3 Spain: Diagnostic Labs Market, by Lab Type, 2019–2028 (US$ Billion) 113
10.2.7.5.4 Spain: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 113
10.2.7.5.5 Spain: Diagnostic Labs Market, by Physiological Function Testing, 2019–2028 (US$ Billion) 114
10.2.7.5.6 Spain: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 115
10.2.7.6 Rest of Europe: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 115
10.2.7.6.1 Overview.. 115
10.2.7.6.2 Rest of Europe: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 115
10.2.7.6.3 Rest of Europe: Diagnostic Labs Market, by Lab Type, 2019–2028 (US$ Billion) 116
10.2.7.6.4 Rest of Europe: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 116
10.2.7.6.5 Rest of Europe: Diagnostic Labs Market, by Physiological Function Testing, 2019–2028 (US$ Billion) 117
10.2.7.6.6 Rest of Europe: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 117
10.3 Asia Pacific: Diagnostic Labs Market 118
10.3.1 Overview.. 118
10.3.2 Asia Pacific: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion) 119
10.3.3 Asia Pacific: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 119
10.3.3.1 Asia Pacific: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 120
10.3.4 Asia Pacific: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 120
10.3.5 Asia Pacific: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 121
10.3.6 Asia Pacific: Diagnostic Labs Market, by Country, 2022 & 2028 (%) 121
10.3.6.1 Australia: Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion) 121
10.3.6.1.1 Overview.. 121
10.3.6.1.2 Australia: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 122
10.3.6.1.3 Australia: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 122
10.3.6.1.4 Australia: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 123
10.3.6.1.5 Australia: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 123
10.3.6.1.6 Australia: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 124
10.3.6.2 China: Diagnostic Labs Market Revenue and Forecast To 2028 (US$ Billion) 125
10.3.6.2.1 Overview.. 125
10.3.6.2.2 China: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 125
10.3.6.2.3 China: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 126
10.3.6.2.4 China: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 127
10.3.6.2.5 China: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 127
10.3.6.2.6 China: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 128
10.3.6.3 India Diagnostic Labs Market Revenue and Forecast To 2028 (US$ Billion) 129
10.3.6.3.1 Overview.. 129
10.3.6.3.2 India: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 129
10.3.6.3.3 India: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 130
10.3.6.3.4 India: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 130
10.3.6.3.5 India: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 131
10.3.6.3.6 India: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 131
10.3.6.4 Japan: Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion) 132
10.3.6.4.1 Overview.. 132
10.3.6.4.2 Japan: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 132
10.3.6.4.3 Japan: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 133
10.3.6.4.4 Japan: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 133
10.3.6.4.5 Japan: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 134
10.3.6.4.6 Japan: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 134
10.3.6.5 South Korea: Diagnostic Labs Market Revenue and Forecast To 2028 (US$ Billion) 135
10.3.6.5.1 Overview.. 135
10.3.6.5.2 South Korea: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 135
10.3.6.5.3 South Korea: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 136
10.3.6.5.4 South Korea: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 136
10.3.6.5.5 South Korea: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 137
10.3.6.5.6 South Korea: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 137
10.3.6.6 Rest of Asia Pacific: Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion) 138
10.3.6.6.1 Overview.. 138
10.3.6.6.2 Rest of Asia Pacific: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 138
10.3.6.6.3 Rest of Asia Pacific: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 138
10.3.6.6.4 Rest of Asia Pacific: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 139
10.3.6.6.5 Rest of Asia Pacific: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 139
10.3.6.6.6 Rest of Asia Pacific: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 140
10.4 South and Central America: Diagnostic Labs Market Revenue and Forecasts To 2028. 141
10.4.1 Overview.. 141
10.4.2 South and Central America: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 141
10.4.3 South and Central America: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Lab Type (US$ Billion) 142
10.4.3.1 South and Central America: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Testing Services (US$ Billion) 143
10.4.3.1.1 South and Central America: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion) 143
10.4.3.2 South and Central America: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Revenue Source (US$ Billion) 144
10.4.4 South and Central America: Diagnostic Labs Market, by country, 2022 & 2028 (%) 144
10.4.4.1 Brazil: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 144
10.4.4.1.1 Overview.. 144
10.4.4.1.2 Brazil: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 145
10.4.4.1.3 Brazil Diagnostic Labs Market, Revenue and Forecasts to 2028, By Lab Type (US$ Billion) 145
10.4.4.1.4 Brazil: Diagnostic Labs Market, Revenue and Forecasts to 2028, By Testing Services (US$ Billion) 146
10.4.4.1.5 Brazil: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion) 146
10.4.4.1.6 Brazil: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Revenue Source (US$ Billion) 147
10.4.4.2 Argentina: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 148
10.4.4.2.1 Overview.. 148
10.4.4.2.2 Argentina: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 148
10.4.4.2.3 Argentina: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Lab Type(US$ Billion) 148
10.4.4.2.4 Argentina: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Testing Services (US$ Billion) 149
10.4.4.2.5 Argentina: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion) 149
10.4.4.2.6 Argentina: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Revenue Source (US$ Billion) 150
10.4.4.3 Rest of South and Central America: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 151
10.4.4.3.1 Overview.. 151
10.4.4.3.2 Rest of South and Central America: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 151
10.4.4.3.3 Rest of South and Central America: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Lab Type (US$ Billion) 151
10.4.4.3.4 Rest of South and Central America: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Testing Services (US$ Billion) 152
10.4.4.3.5 Rest of South and Central America: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion) 152
10.4.4.3.6 Rest of South and Central America: Diagnostic Labs Market , Revenue and Forecasts to 2028, By Revenue Source (US$ Billion) 153
10.5 Middle East & Africa Diagnostic Labs Market 154
10.5.1 Overview.. 154
10.5.2 Middle East & Africa: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion) 154
10.5.3 Middle East & Africa: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 155
10.5.3.1 Middle East & Africa: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 156
10.5.4 Middle East & Africa: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 156
10.5.5 Middle East & Africa: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 157
10.5.6 Middle East & Africa: Doxorubicin Market, by Country, 2022 & 2028 (%) 157
10.5.6.1 Saudi Arabia: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 158
10.5.6.1.1 Overview.. 158
10.5.6.1.2 Saudi Arabia: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 158
10.5.6.1.3 Saudi Arabia: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 159
10.5.6.1.4 Saudi Arabia: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 159
10.5.6.1.5 Saudi Arabia: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 160
10.5.6.1.6 Saudi Arabia: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 160
10.5.6.2 South Africa: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 161
10.5.6.2.1 Overview.. 161
10.5.6.2.2 South Africa: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 161
10.5.6.2.3 South Africa: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 162
10.5.6.2.4 South Africa: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 162
10.5.6.2.5 South Africa: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 163
10.5.6.2.6 South Africa: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 163
10.5.6.3 UAE: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 164
10.5.6.3.1 Overview.. 164
10.5.6.3.2 UAE: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 164
10.5.6.3.3 UAE: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 165
10.5.6.3.4 UAE: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 165
10.5.6.3.5 UAE: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 166
10.5.6.3.6 UAE: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 166
10.5.6.4 Rest of Middle East & Africa: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 167
10.5.6.4.1 Overview.. 167
10.5.6.4.2 Rest of Middle East & Africa: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 167
10.5.6.4.3 Rest of Middle East & Africa: Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion) 167
10.5.6.4.4 Rest of Middle East & Africa: Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion) 168
10.5.6.4.5 Rest of Middle East & Africa: Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion) 168
10.5.6.4.6 Rest of Middle East & Africa: Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion) 169
11. Impact of COVID-19 Pandemic on Geographic Regions 170
11.1 North America: Impact Assessment of COVID-19 Pandemic. 170
11.2 Europe: Impact Assessment of COVID-19 Pandemic. 172
11.3 Asia Pacific: Impact Assessment Of COVID-19 Pandemic. 174
11.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 176
11.5 South And Central America: Impact Assessment Of COVID-19 Pandemic. 178
12. Diagnostic Labs Market–Industry Landscape 180
12.1 Overview.. 180
12.2 Growth Strategies in the Diagnostic Labs Market (%) 180
12.3 Organic Developments. 181
12.3.1 Overview.. 181
12.4 Inorganic Developments. 182
12.4.1 Overview.. 182
13. Company Profiles 184
13.1 Quest Diagnostics Incorporated. 184
13.1.1 Key Facts. 184
13.1.2 Business Description. 184
13.1.3 Products and Services. 184
13.1.4 Financial Overview.. 185
13.1.5 SWOT Analysis. 186
13.1.6 Key Developments. 186
13.2 Eurofins Scientific. 187
13.2.1 Key Facts. 187
13.2.2 Business Description. 187
13.2.3 Products and Services. 187
13.2.4 Financial Overview.. 187
13.2.5 SWOT Analysis. 189
13.2.6 Key Developments. 189
13.3 Laboratory Corporation of America Holdings. 190
13.3.1 Key Facts. 190
13.3.2 Business Description. 190
13.3.3 Products and Services. 190
13.3.4 Financial Overview.. 191
13.3.5 SWOT Analysis. 192
13.3.6 Key Developments. 192
13.4 Exact Sciences Laboratories LLC. 193
13.4.1 Key Facts. 193
13.4.2 Business Description. 193
13.4.3 Products and Services. 193
13.4.4 Financial Overview.. 193
13.4.5 SWOT Analysis. 194
13.4.6 Key Developments. 195
13.5 SYNLAB International GmbH. 196
13.5.1 Key Facts. 196
13.5.2 Business Description. 196
13.5.3 Products and Services. 196
13.5.4 Financial Overview.. 197
13.5.5 SWOT Analysis. 198
13.5.6 Key Developments. 199
13.6 Dasa Labs. 200
13.6.1 Key Facts. 200
13.6.2 Business Description. 200
13.6.3 Products and Services. 200
13.6.4 Financial Overview.. 200
13.6.5 SWOT Analysis. 201
13.6.6 Key Developments. 201
13.7 KingMed Diagnostics. 202
13.7.1 Key Facts. 202
13.7.2 Business Description. 202
13.7.3 Products and Services. 202
13.7.4 Financial Overview.. 202
13.7.5 SWOT Analysis. 203
13.7.6 Key Developments. 203
13.8 BioReference. 204
13.8.1 Key Facts. 204
13.8.2 Business Description. 204
13.8.3 Products and Services. 204
13.8.4 Financial Overview.. 205
13.8.5 SWOT Analysis. 206
13.8.6 Key Developments. 207
13.9 Sonic Healthcare Limited. 208
13.9.1 Key Facts. 208
13.9.2 Business Description. 208
13.9.3 Products and Services. 208
13.9.4 Financial Overview.. 209
13.9.5 SWOT Analysis. 210
13.9.6 Key Developments. 211
13.10 Healius Limited. 212
13.10.1 Key Facts. 212
13.10.2 Business Description. 212
13.10.3 Products and Services. 212
13.10.4 Financial Overview.. 213
13.10.5 SWOT Analysis. 214
13.10.6 Key Developments. 215
14. Appendix 216
14.1 About The Insight Partners. 216
14.2 Glossary of Terms. 216
LIST OF TABLES
Table 1. North America: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 84
Table 2. North America: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 85
Table 3. North America: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 85
Table 4. North America: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 86
Table 5. US: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 87
Table 6. US: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 88
Table 7. US: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 88
Table 8. US: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 89
Table 9. Canada: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 90
Table 10. Canada: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 91
Table 11. Canada: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 91
Table 12. Canada: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 92
Table 13. Mexico: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 94
Table 14. Mexico: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 94
Table 15. Mexico: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 95
Table 16. Mexico: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 95
Table 17. Europe: Diagnostic Labs Market, by Lab Type – Revenue and Forecast to 2028 (US$ Billion) 97
Table 18. Europe: Diagnostic Labs Market, by Testing Services – Revenue and Forecast to 2028 (US$ Billion) 98
Table 19. Europe: Diagnostic Labs Market, by Physiological Function Testing – Revenue and Forecast to 2028 (US$ Billion) 98
Table 20. Europe Diagnostic Labs Market, by Revenue Source – Revenue and Forecast to 2028 (US$ Billion) 99
Table 21. Germany: Diagnostic Labs Market, by Lab Type – Revenue and Forecast to 2028 (US$ Billion) 100
Table 22. Germany: Diagnostic Labs Market, by Testing Services – Revenue and Forecast to 2028 (US$ Billion) 101
Table 23. Germany: Diagnostic Labs Market, by Physiological Function Testing – Revenue and Forecast to 2028 (US$ Billion) 101
Table 24. Germany: Diagnostic Labs Market, by Revenue Source – Revenue and Forecast to 2028 (US$ Billion) 102
Table 25. France: Diagnostic Labs Market, by Lab Type – Revenue and Forecast to 2028 (US$ Billion) 104
Table 26. France: Diagnostic Labs Market, by Testing Services – Revenue and Forecast to 2028 (US$ Billion) 104
Table 27. France: Diagnostic Labs Market, by Physiological Function Testing – Revenue and Forecast to 2028 (US$ Billion) 105
Table 28. France: Diagnostic Labs Market, by Revenue Source – Revenue and Forecast to 2028 (US$ Billion) 105
Table 29. UK: Diagnostic Labs Market, by Lab Type – Revenue and Forecast to 2028 (US$ Billion) 107
Table 30. UK: Diagnostic Labs Market, by Testing Services – Revenue and Forecast to 2028 (US$ Billion) 107
Table 31. UK: Diagnostic Labs Market, by Physiological Function Testing – Revenue and Forecast to 2028 (US$ Billion) 108
Table 32. UK: Diagnostic Labs Market, by Revenue Source – Revenue and Forecast to 2028 (US$ Billion) 108
Table 33. Italy: Diagnostic Labs Market, by Lab Type – Revenue and Forecast to 2028 (US$ Billion) 110
Table 34. Italy: Diagnostic Labs Market, by Testing Services – Revenue and Forecast to 2028 (US$ Billion) 110
Table 35. Italy: Diagnostic Labs Market, by Physiological Function Testing – Revenue and Forecast to 2028 (US$ Billion) 111
Table 36. Italy: Diagnostic Labs Market, by Revenue Source – Revenue and Forecast to 2028 (US$ Billion) 111
Table 37. Spain: Diagnostic Labs Market, by Lab Type – Revenue and Forecast to 2028 (US$ Billion) 113
Table 38. Spain: Diagnostic Labs Market, by Testing Services – Revenue and Forecast to 2028 (US$ Billion) 113
Table 39. Spain: Diagnostic Labs Market, by Physiological Function Testing – Revenue and Forecast to 2028 (US$ Billion) 114
Table 40. Spain: Diagnostic Labs Market, by Revenue Source – Revenue and Forecast to 2028 (US$ Billion) 115
Table 41. Rest of Europe: Diagnostic Labs Market, by Lab Type – Revenue and Forecast to 2028 (US$ Billion) 116
Table 42. Rest of Europe: Diagnostic Labs Market, by Testing Services – Revenue and Forecast to 2028 (US$ Billion) 116
Table 43. Rest of Europe: Diagnostic Labs Market, by Physiological Function Testing – Revenue and Forecast to 2028 (US$ Billion) 117
Table 44. Rest of Europe: Diagnostic Labs Market, by Revenue Source – Revenue and Forecast to 2028 (US$ Billion) 117
Table 45. Asia Pacific: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 119
Table 46. Asia Pacific: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 120
Table 47. Asia Pacific: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 120
Table 48. Asia Pacific: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 121
Table 49. Australia: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 122
Table 50. Australia: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 123
Table 51. Australia: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 123
Table 52. Australia: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 124
Table 53. China: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 126
Table 54. China: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 127
Table 55. China: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 127
Table 56. China: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 128
Table 57. India: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 130
Table 58. India: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 130
Table 59. India: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 131
Table 60. India: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 131
Table 61. Japan: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 133
Table 62. Japan: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 133
Table 63. Japan: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 134
Table 64. Japan: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 134
Table 65. South Korea: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 136
Table 66. South Korea: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 136
Table 67. South Korea: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 137
Table 68. South Korea: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 137
Table 69. Rest of Asia Pacific: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 138
Table 70. Rest of Asia Pacific: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 139
Table 71. Rest of Asia Pacific: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 139
Table 72. Rest of Asia Pacific: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 140
Table 73. South and Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Lab Type( US$ Billion). 142
Table 74. South and Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Testing Services (US$ Billion). 143
Table 75. South and Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion). 143
Table 76. South and Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Revenue Source (US$ Billion). 144
Table 77. Brazil Diagnostic Labs Market Revenue and Forecasts to 2028, By Lab Type (US$ Billion). 145
Table 78. Brazil Diagnostic Labs Market Revenue and Forecasts to 2028, By Testing Services (US$ Billion). 146
Table 79. Brazil Diagnostic Labs Market Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion). 146
Table 80. Brazil Diagnostic Labs Market Revenue and Forecasts to 2028, By Revenue Source (US$ Billion). 147
Table 81. Argentina Diagnostic Labs Market Revenue and Forecasts to 2028, By Lab Type(US$ Billion). 148
Table 82. Argentina Diagnostic Labs Market Revenue and Forecasts to 2028, By Testing Services (US$ Billion). 149
Table 83. Argentina Diagnostic Labs Market Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion). 149
Table 84. Argentina Diagnostic Labs Market Revenue and Forecasts to 2028, By Revenue Source (US$ Billion). 150
Table 85. Rest of South and Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Lab Type (US$ Billion). 151
Table 86. Rest of South and Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Testing Services (US$ Billion). 152
Table 87. Rest of South and Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion). 152
Table 88. Rest of South and Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Revenue Source (US$ Billion). 153
Table 89. Middle East & Africa: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 155
Table 90. Middle East & Africa: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 156
Table 91. Middle East & Africa: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 156
Table 92. Middle East & Africa: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 157
Table 93. Saudi Arabia: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 159
Table 94. Saudi Arabia: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 159
Table 95. Saudi Arabia: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 160
Table 96. Saudi Arabia: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 160
Table 97. South Africa: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 162
Table 98. South Africa: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 162
Table 99. South Africa: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 163
Table 100. South Africa: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 163
Table 101. UAE: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 165
Table 102. UAE: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 165
Table 103. UAE: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 166
Table 104. UAE: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 166
Table 105. Rest of Middle East & Africa: Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion) 167
Table 106. Rest of Middle East & Africa: Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion) 168
Table 107. Rest of Middle East & Africa: Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion) 168
Table 108. Rest of Middle East & Africa: Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion) 169
Table 109. Organic Developments in the Diagnostic Labs Market 181
Table 110. Inorganic Developments in the Diagnostic Labs Market 182
Table 111. Glossary of Terms, Diagnostic Labs Market 216
LIST OF FIGURES
Figure 1. Diagnostic Labs Market Segmentation. 31
Figure 2. Diagnostic Labs Market Segmentation, By Region. 33
Figure 3. Global Diagnostic Labs Market Overview. 35
Figure 4. Hospital-Based Labs Segment Held Largest Share by Lab Type in Diagnostic Labs market 36
Figure 5. Asia-Pacific Region Is Expected to Show Remarkable Growth During the Forecast Period. 37
Figure 6. Global Diagnostic Labs Market , By Geography (US$ Billion) 38
Figure 7. Global Diagnostic Labs Market - Leading Country Markets (US$ Billion) 39
Figure 8. Global Diagnostic Labs Market , Industry Landscape. 40
Figure 9. North America: PEST Analysis. 44
Figure 10. Europe: PEST Analysis. 45
Figure 11. Asia Pacific: PEST Analysis. 45
Figure 12. Middle East & Africa: PEST Analysis. 46
Figure 13. South & Central America: PEST Analysis. 46
Figure 14. Diagnostic Labs Market Impact Analysis Of Driver And Restraints. 51
Figure 15. Global Diagnostic Labs Market – Revenue Forecast and Analysis – 2020- 2028. 52
Figure 16. Global Diagnostic Labs Market – Revenue Forecast and Analysis – 2022- 2028. 53
Figure 17. Global Diagnostic Labs Market – Market Potential Analysis, By Region. 53
Figure 18. Market Share Analysis of Key Players in Diagnostic Labs Market 54
Figure 19. Global Diagnostic Labs Market – Comparative Company Analysis. 55
Figure 20. Global Diagnostic Labs Market – Growth Strategy Analysis. 56
Figure 21. Global Diagnostic Labs Market, by Lab Type 2022 & 2028 (%) 59
Figure 22. Hospital-based Labs: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 60
Figure 23. Single/Independent Laboratories: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 61
Figure 24. Physician Office Labs: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 62
Figure 25. Others: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 63
Figure 26. Diagnostic Labs Market Revenue Share, by Testing Services (2022 and 2028) 64
Figure 27. Physiological Function Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 65
Figure 28. Endoscopy Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 66
Figure 29. X-Ray Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 67
Figure 30. CT Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 68
Figure 31. ECG Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 69
Figure 32. MRI Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 70
Figure 33. Echo Market: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 71
Figure 34. Others: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 72
Figure 35. COVID-19 Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 73
Figure 36. General and Clinical Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 74
Figure 37. Esoteric Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 75
Figure 38. Specialized Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 76
Figure 39. Non-Invasive Prenatal Testing: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 77
Figure 40. Others: Diagnostic LabsMarket – Revenue and Forecast to 2028 (US$ Billion) 78
Figure 41. Diagnostic Labs Market Revenue Share, by Revenue Source (2022 and 2028) 79
Figure 42. Healthcare Plan Operators and Insurers: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 80
Figure 43. Out-of-Pocket: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 81
Figure 44. Public System: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 82
Figure 45. North America Diagnostic Labs Market, by Key Country – Revenue (2022) (US$ Billion) 83
Figure 46. North America Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion) 84
Figure 47. North America: Doxorubicin Market, by Country, 2022 & 2028 (%) 86
Figure 48. US: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 87
Figure 49. Canada: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 90
Figure 50. Mexico: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 93
Figure 51. Europe Diagnostic Labs Market, Revenue by Country (2022) (US$ Mn) 96
Figure 52. Europe Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion) 97
Figure 53. Europe: Diagnostic Labs Market, by Country, 2022 & 2028 (%) 99
Figure 54. Germany: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 100
Figure 55. France: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 103
Figure 56. UK: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 106
Figure 57. Italy: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 109
Figure 58. Spain: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 112
Figure 59. Rest of Europe: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 115
Figure 60. Asia Pacific Diagnostic Labs Market, by Key Country – Revenue (2022) (US$ Billion) 118
Figure 61. Asia Pacific Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion) 119
Figure 62. Asia Pacific: Diagnostic Labs Market, by Country, 2022 & 2028 (%) 121
Figure 63. Australia: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 122
Figure 64. China: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 126
Figure 65. India: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 129
Figure 66. Japan: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 132
Figure 67. South Korea: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 135
Figure 68. Rest of Asia Pacific: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 138
Figure 69. South and Central America: Diagnostic Labs Market, By Key Country – Revenue (2022) (US$ Billion) 141
Figure 70. South and Central America Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion) 142
Figure 71. South and Central America: Diagnostic Labs Market, by country, 2022 & 2028 (%) 144
Figure 72. Brazil: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 145
Figure 73. Argentina: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 148
Figure 74. Rest of South and Central America: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 151
Figure 75. Middle East & Africa Diagnostic Labs Market, by Key Country – Revenue (2022) (US$ Billion) 154
Figure 76. Middle East & Africa Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion) 155
Figure 77. Middle East & Africa: Doxorubicin Market, by Country, 2022 & 2028 (%) 157
Figure 78. Saudi Arabia: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 158
Figure 79. South Africa: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 161
Figure 80. UAE: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 164
Figure 81. Rest of Middle East & Africa: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion) 167
Figure 82. Impact of COVID-19 Pandemic on North American Country Markets. 171
Figure 83. Impact of COVID-19 Pandemic on European Country Markets. 173
Figure 84. Impact of COVID-19 Pandemic on Asia Pacific Country Markets. 175
Figure 85. Impact of COVID-19 Pandemic on Middle East & Africa Country Markets. 177
Figure 86. Impact of COVID-19 Pandemic on South & Central America Country Markets. 179
Figure 87. Growth Strategies in the Diagnostic Labs Market (%) 180
The List of Companies - Diagnostic Labs Market
- Quest Diagnostics Incorporated
- Eurofins Scientific
- Laboratory Corporation of America Holdings
- Exact Sciences Laboratories LLC
- SYNLAB International GmbH
- Sonic Healthcare Limited
- DASA Labs
- Kingmed Diagnostics
- Healius Limited
- BioReference.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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