Clinical Reference Laboratory Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Clinical Reference Laboratory Market Size and Forecast (2021-2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Service Provider (Hospital-Based, Standalone, and Clinic-Based), Application (Laboratory Medicine, Clinical Trials, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

  • Report Code : TIPRE00039108
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 195
Buy Now

Clinical Reference Laboratory Market Trends, Growth, Share 2031

Buy Now

The clinical reference laboratory market size is projected to reach US$ 74.08 billion by 2031 from US$ 45.35 billion in 2023. The market is expected to register a CAGR of 6.3% during 2023–2031. The use of artificial intelligence in clinical reference laboratories is likely to remain a key trend in the market.

Clinical Reference Laboratory Market Analysis

The increasing prevalence of chronic diseases and the emergence and outbreak of various infectious diseases have fueled the demand for novel treatment options and newer therapeutic categories and created the need for better treatment options in existing therapeutic categories. Accurate diagnostics are critical for identifying disease biomarkers and detecting organisms, particularly in cancer and tuberculosis. Clinical reference laboratories play an important role in modern healthcare. The reference laboratories provide services for the quick diagnosis of infectious diseases that require specialized laboratory testing equipment and expertise, such as swine flu and hepatitis A and B. These laboratories also offer low-cost diagnostic testing for common chronic conditions such as cancer, diabetes, and cardiovascular diseases. Thus, the rising prevalence of infectious and chronic diseases is driving the growth of the clinical reference laboratory market

 Strategic initiatives by the laboratory service providers, such as acquisition and alliance with reference labs, are among the most cost-effective ways to obtain the benefits of better patient care and cost efficiency is expected to offer significant opportunities for the market growth.

Clinical Reference Laboratory Market Overview

Clinical reference laboratories play an important role in the healthcare system by providing essential diagnostic and testing services that help doctors make decisions. As technology advances and the healthcare landscape evolves, the clinical reference laboratory services market observes important trends that will shape the future of precision medicine. Moreover, during the COVID-19 pandemic, it became evident that medical reference labs are critical for rapid testing, establishing novel techniques, generating and analyzing data, and serving as knowledge hubs. Reference labs are more than just high-volume testing facilities; they are the hubs of expertise and data.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Clinical Reference Laboratory Market: Strategic Insights

clinical-reference-laboratory-market
Analyst Image

Mrinal

Have a question?

Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Clinical Reference Laboratory Market Drivers and Opportunities

Increasing Number of Clinical Trials to Favor Market

Clinical trials assist in evaluating whether a new treatment or prevention method, such as a new medicine, diet, or medical technology, is safe and effective. The trials are primarily conducted during the drug development phase. In January 2023, the National Library of Medicine (NLM) reported that there were 38,837 active clinical studies in the US and 105,172 active trials globally. According to the European Medicine Agency, in the European Union (EU), ~4,000 clinical trials are approved annually, with the pharmaceutical industry accounting for roughly 60%. Due to the growing prevalence of chronic diseases, the number of clinical trials is increasing to develop various effective treatments.

Thus, the increasing number of clinical trials is driving the clinical reference laboratory market growth.

Strategic Initiatives with Reference Laboratories

Strategic initiatives by the laboratory service providers, such as acquisition and alliance with reference labs, are among the most cost-effective ways to obtain the benefits of better patient care and cost efficiency.

On April 3, 2024, Eurofins Scientific, a testing laboratories company, acquired Ascend Clinical LLC, a clinical reference laboratory specializing in testing services for kidney diseases in the US. The acquisition further strengthens Eurofins network's footprint in transplant testing and associated renal care, broadening its clinical client base. Ascend has gained access to Eurofins' extensive laboratory network and analytical portfolio and has established industry relationships.

In October 2023, Labcorp, a global leader in innovative and comprehensive laboratory services, announced that it would acquire Baystate Health, Inc.'s (Baystate Health) outreach laboratory business and certain operating assets, including laboratory service centers operated by Baystate Health throughout Massachusetts. This strategic alliance will strengthen Labcorp and Baystate Health's existing reference laboratory relationship to improve the efficiency of routine and specialty lab testing. Thus, the increasing number of acquisitions and alliances with reference laboratories is expected to offer significant opportunities for the market growth.

Clinical Reference Laboratory Market Report Segmentation Analysis

Key segments that contributed to the derivation of the clinical reference laboratory market analysis are service provider and application.

  • By service provider, the market is segmented into hospital-based, standalone, and clinical-based. In 2023, the hospital-based segment held the largest share of the market. The standalone segment is anticipated to register the highest CAGR during 2023–2031.
  • Based on application, the clinical reference laboratory market is divided into laboratory medicine, clinical trials, and others. In 2023, the laboratory medicine segment held the largest share of the market. The clinical trials segment is estimated to register the highest CAGR during the forecast period.

Clinical Reference Laboratory Market Share Analysis by Geography

The geographic scope of the clinical reference laboratory market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America dominated the clinical reference laboratory market. The market growth in this region can be attributed to an increase in the number of clinical trials and the presence of key players in the region. The US holds the largest share of the clinical reference laboratory market in North America. The US is one of the leading clinical research destinations. Nearly half of the total clinical trials are performed in the US. Additionally, most pharmaceutical research companies choose to perform clinical trials in the US owing to fast approval timelines, a favorable regulatory framework, and established medical infrastructure. Moreover, data generated for clinical trials in the US is accepted globally. According to the World Health Organization (WHO) report in 2021, the US registered the highest number of clinical trials (157,618).

Clinical Reference Laboratory Market Report Scope

Clinical Reference Laboratory Market News and Recent Developments

The clinical reference laboratory market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

  • SYNLAB launched a revolutionary test for the diagnosis of bipolar disorder in France. myEDIT-B is the first clinically validated test for the differential diagnosis between bipolar disorder and unipolar depression, signaling a paradigm shift in the identification of this mental health disorder and thus increasing the effectiveness of the treatment approach. (April 2024, SYNLAB International GmbH, Press Release)
  • Quest Diagnostics, a leading provider of diagnostic information services, launched MelaNodal Predict, a highly advanced predictive gene expression test to help personalize treatment decisions for patients with melanoma, the deadliest form of skin cancer and one of the most common cancers in the US. (March 2023, Quest Diagnostics, Press Release)
  • Proteomics International Laboratories Ltd signed an exclusive license agreement with Sonic Healthcare USA, a Division of Sonic Healthcare Ltd (OTCMKTS: SKHHY), for the use and commercialization of the Company's PromarkerD test for diabetic kidney disease in the US. As per the agreement, Sonic Healthcare USA will be offering PromarkerD to physicians and healthcare systems through its client engagement teams across the US. (May 2023, Sonic Healthcare USA, Press Release)
  • Unilabs, the leading European diagnostic services provider, acquired Saltro one of the largest and most innovative diagnostics companies in the Netherlands. The acquisition significantly expands Unilabs' presence in the Netherlands, where its Medlon team currently provides laboratory diagnostics services in the eastern part of the country. With the addition of Saltro, Unilabs become one of the Netherlands' largest and most complete diagnostics providers. (September 2020, UNILABS, Press Release)

Clinical Reference Laboratory Market Report Coverage and Deliverables

The "Clinical Reference Laboratory Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:

  • Clinical reference laboratory market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Clinical reference laboratory market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter's Five Forces and SWOT analysis
  • Clinical reference laboratory market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the clinical reference laboratory market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are the driving factors for the clinical reference laboratory market across the globe?

The factors that are driving growth of the market are the rising prevalence of chronic and infectious diseases and increasing number of clinical trials.

Who are the major players in the clinical reference laboratory market?

The clinical reference laboratory market majorly consists of the players such as Sonic HealthCare Limited, Unilabs, Quest Diagnostics, Arup Laboratories, Clinical Reference Laboratories, Synlab International GmbH, Laboratory Corporation of America Holdings amongst others.

What are clinical reference laboratory?

The reference laboratory offers cutting edge testing services in the areas of clinical trials, genomics, toxicology, virology and others. Clinical laboratories sometimes send tests to reference laboratories as reference laboratories are well-equipment and have the supplies needed for the testing which are not frequently used in clinical laboratories.

Which application segment is dominating the clinical reference laboratory market?

The clinical reference laboratory market, by application, is segmented into laboratory medicine, clinical trials, and others. The laboratory medicine segment held a larger market share in 2023. The clinical trials segment is anticipated to register a higher CAGR during the forecast period.

Which service provider segment is dominating the clinical reference laboratory market?

Based on service provider, the clinical reference laboratory market is segmented into hospital-based, standalone, and clinical based. The hospital-based segment held a larger market share in 2023. The standalone segment is anticipated to register a higher CAGR during the forecast period.

Which region dominates the clinical reference laboratory market?

North America holds the largest market share in clinical reference laboratory market. The increase in the number of clinical trials and the presence of key players in the region are propelling the growth of the market in North America.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Clinical Reference Laboratory Market Landscape

4.1 Overview

4.2 PEST Analysis

5. Clinical Reference Laboratory Market – Key Market Dynamics

5.1 Clinical Reference Laboratory Market – Key Market Dynamics

5.2 Market Drivers

5.2.1 Rising Prevalence of Chronic and Infectious Diseases

5.2.2 Increasing Number of Clinical Trials

5.3 Market Restraints

5.3.1 Complications Related to Regulatory Framework and Adoption of Continuous Technological Developments

5.4 Market Opportunities

5.4.1 Strategic Initiatives with Reference Laboratories

5.5 Future Trends

5.5.1 Use of Artificial Intelligence in Clinical Reference Laboratories

5.6 Impact of Drivers and Restraints:

6. Clinical Reference Laboratory Market – Global Market Analysis

6.1 Clinical Reference Laboratory Market Revenue (US$ Million), 2023–2031

7. Clinical Reference Laboratory Market Analysis – by Service Provider

7.1 Overview

7.2 Hospital-Based

7.2.1 Overview

7.2.2 Hospital-Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

7.3 Standalone

7.3.1 Overview

7.3.2 Standalone: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

7.4 Clinic-Based

7.4.1 Overview

7.4.2 Clinic-Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

8. Clinical Reference Laboratory Market Analysis – by Application

8.1 Overview

8.2 Laboratory Medicine

8.2.1 Overview

8.2.2 Laboratory Medicine: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

8.3 Clinical Trials

8.3.1 Overview

8.3.2 Clinical Trials: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

8.4 Others

8.4.1 Overview

8.4.2 Others: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9. Clinical Reference Laboratory Market – Geographical Analysis

9.1 North America: Clinical Reference Laboratory Market

9.1.1 Overview

9.1.2 North America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.1.2.1 North America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider

9.1.2.2 North America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application

9.1.3 North America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country

9.1.3.1 US: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.1.3.1.1 Overview

9.1.3.2 US: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.1.3.2.1 US: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.1.3.2.2 US: Clinical Reference Laboratory Market Breakdown, by Application

9.1.3.3 Canada: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.1.3.3.1 Overview

9.1.3.4 Canada: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.1.3.4.1 Canada: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.1.3.4.2 Canada: Clinical Reference Laboratory Market Breakdown, by Application

9.1.3.5 Mexico: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.1.3.5.1 Overview

9.1.3.6 Mexico: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.1.3.6.1 Mexico: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.1.3.6.2 Mexico: Clinical Reference Laboratory Market Breakdown, by Application

9.2 Europe

9.2.1 Overview

9.2.2 Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.2.2.1 Europe: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider

9.2.2.2 Europe: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application

9.2.3 Europe: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country

9.2.3.1 Germany: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.2.3.1.1 Overview

9.2.3.2 Germany: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.2.3.2.1 Germany: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.2.3.2.2 Germany: Clinical Reference Laboratory Market Breakdown, by Application

9.2.3.3 United Kingdom: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.2.3.3.1 Overview

9.2.3.4 United Kingdom: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.2.3.4.1 United Kingdom: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.2.3.4.2 United Kingdom: Clinical Reference Laboratory Market Breakdown, by Application

9.2.3.5 France: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.2.3.5.1 Overview

9.2.3.6 France: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.2.3.6.1 France: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.2.3.6.2 France: Clinical Reference Laboratory Market Breakdown, by Application

9.2.3.7 Italy: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.2.3.7.1 Overview

9.2.3.8 Italy: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.2.3.8.1 Italy: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.2.3.8.2 Italy: Clinical Reference Laboratory Market Breakdown, by Application

9.2.3.9 Spain: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.2.3.9.1 Overview

9.2.3.10 Spain: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.2.3.10.1 Spain: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.2.3.10.2 Spain: Clinical Reference Laboratory Market Breakdown, by Application

9.2.3.11 Rest of Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.2.3.11.1 Overview

9.2.3.12 Rest of Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.2.3.12.1 Rest of Europe: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.2.3.12.2 Rest of Europe: Clinical Reference Laboratory Market Breakdown, by Application

9.3 Asia Pacific

9.3.1 Overview

9.3.2 Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.3.2.1 Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider

9.3.2.2 Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application

9.3.3 Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country

9.3.3.1 China: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.3.3.1.1 Overview

9.3.3.2 China: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.3.3.2.1 China: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.3.3.2.2 China: Clinical Reference Laboratory Market Breakdown, by Application

9.3.3.3 Japan: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.3.3.3.1 Overview

9.3.3.4 Japan: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.3.3.4.1 Japan: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.3.3.4.2 Japan: Clinical Reference Laboratory Market Breakdown, by Application

9.3.3.5 India: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.3.3.5.1 Overview

9.3.3.6 India: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.3.3.6.1 India: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.3.3.6.2 India: Clinical Reference Laboratory Market Breakdown, by Application

9.3.3.7 Australia: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.3.3.7.1 Overview

9.3.3.8 Australia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.3.3.8.1 Australia: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.3.3.8.2 Australia: Clinical Reference Laboratory Market Breakdown, by Application

9.3.3.9 South Korea: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.3.3.9.1 Overview

9.3.3.10 South Korea: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.3.3.10.1 South Korea: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.3.3.10.2 South Korea: Clinical Reference Laboratory Market Breakdown, by Application

9.3.3.11 Rest of APAC: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.3.3.11.1 Overview

9.3.3.12 Rest of APAC: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.3.3.12.1 Rest of APAC: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.3.3.12.2 Rest of APAC: Clinical Reference Laboratory Market Breakdown, by Application

9.4 Middle East and Africa

9.4.1 Overview

9.4.2 Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.4.2.1 Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider

9.4.2.2 Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application

9.4.3 Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country

9.4.3.1 Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.4.3.1.1 Overview

9.4.3.2 Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.4.3.2.1 Saudi Arabia: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.4.3.2.2 Saudi Arabia: Clinical Reference Laboratory Market Breakdown, by Application

9.4.3.3 South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.4.3.3.1 Overview

9.4.3.4 South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.4.3.4.1 South Africa: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.4.3.4.2 South Africa: Clinical Reference Laboratory Market Breakdown, by Application

9.4.3.5 United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.4.3.5.1 Overview

9.4.3.6 United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.4.3.6.1 United Arab Emirates: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.4.3.6.2 United Arab Emirates: Clinical Reference Laboratory Market Breakdown, by Application

9.4.3.7 Rest of Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.4.3.7.1 Overview

9.4.3.8 Rest of Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.4.3.8.1 Rest of Middle East and Africa: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.4.3.8.2 Rest of Middle East and Africa: Clinical Reference Laboratory Market Breakdown, by Application

9.5 South and Central America

9.5.1 Overview

9.5.2 South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.5.2.1 South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Service Provider

9.5.2.2 South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Application

9.5.3 South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast Analysis – by Country

9.5.3.1 Brazil: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.5.3.1.1 Overview

9.5.3.2 Brazil: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.5.3.2.1 Brazil: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.5.3.2.2 Brazil: Clinical Reference Laboratory Market Breakdown, by Application

9.5.3.3 Argentina: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.5.3.3.1 Overview

9.5.3.4 Argentina: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.5.3.4.1 Argentina: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.5.3.4.2 Argentina: Clinical Reference Laboratory Market Breakdown, by Application

9.5.3.5 Rest of South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2030 (US$ Million)

9.5.3.5.1 Overview

9.5.3.6 Rest of South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

9.5.3.6.1 Rest of South and Central America: Clinical Reference Laboratory Market Breakdown, by Service Provider

9.5.3.6.2 Rest of South and Central America: Clinical Reference Laboratory Market Breakdown, by Application

10. Clinical Reference Laboratory Market-Industry Landscape

10.1 Overview

10.2 Growth Strategies in the Clinical Reference Laboratory Market

10.3 Inorganic Growth Strategies

10.3.1 Overview

10.4 Organic Growth Strategies

10.4.1 Overview

11. Company Profiles

11.1 Sonic Healthcare Ltd

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 UNILABS

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Laboratory Corp of America Holdings

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Quest Diagnostics Inc

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 ARUP Laboratories Inc

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Clinical Reference Laboratory Inc

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 SYNLAB International GmbH

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Myraid Genetics Inc

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Boca Biolistics LLC

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 TOPLAB

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

List of Tables

Table 1. Clinical Reference Laboratory Market Segmentation

Table 2. North America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 3. North America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 4. US: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 5. US: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 6. Canada: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 7. Canada: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 8. Mexico: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 9. Mexico: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 10. Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 11. Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 12. Germany: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 13. Germany: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 14. United Kingdom: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 15. United Kingdom: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 16. France: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 17. France: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 18. Italy: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 19. Italy: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 20. Spain: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 21. Spain: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 22. Rest of Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 23. Rest of Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 24. Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 25. Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 26. China: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 27. China: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 28. Japan: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 29. Japan: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 30. India: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 31. India: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 32. Australia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 33. Australia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 34. South Korea: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 35. South Korea: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 36. Rest of APAC: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 37. Rest of APAC: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 38. Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 39. Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 40. Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 41. Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 42. South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 43. South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 44. United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 45. United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 46. Rest of Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 47. Rest of Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 48. South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 49. South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 50. Brazil: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 51. Brazil: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 52. Argentina: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 53. Argentina: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 54. Rest of South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider

Table 55. Rest of South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 56. Recent Inorganic Growth Strategies in the Clinical Reference Laboratory Market

Table 57. Recent Organic Growth Strategies in the Clinical Reference Laboratory Market

Table 58. Glossary of Terms

List of Figures

Figure 1. Clinical Reference Laboratory Market Segmentation, by Geography

Figure 2. PEST Analysis

Figure 3. Impact Analysis of Drivers and Restraints

Figure 4. Clinical Reference Laboratory Market Revenue (US$ Million), 2023–2031

Figure 5. Clinical Reference Laboratory Market, By Geography Forecast Analysis, 2023 & 2031

Figure 6. Clinical Reference Laboratory Market Share (%) – by Service Provider (2023 and 2031)

Figure 7. Hospital-Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

Figure 8. Standalone: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

Figure 9. Clinic-Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

Figure 10. Clinical Reference Laboratory Market Share (%) – by Application (2023 and 2031)

Figure 11. Laboratory Medicine: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

Figure 12. Clinical Trials: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

Figure 13. Others: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)

Figure 14. North America: Clinical Reference Laboratory Market, by Key Country – Revenue (2023) (US$ Million)

Figure 15. North America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 16. North America: Clinical Reference Laboratory Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 17. US: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 18. Canada: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 19. Mexico: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 20. Europe: Clinical Reference Laboratory Market, by Key Country – Revenue (2023) (US$ Million)

Figure 21. Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 22. Europe: Clinical Reference Laboratory Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 23. Germany: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 24. United Kingdom: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 25. France: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 26. Italy: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 27. Spain: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 28. Rest of Europe: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 29. Asia Pacific: Clinical Reference Laboratory Market, by Key Country – Revenue (2023) (US$ Million)

Figure 30. Asia Pacific: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 31. Asia Pacific: Clinical Reference Laboratory Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 32. China: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 33. Japan: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 34. India: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 35. Australia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 36. South Korea: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 37. Rest of APAC: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 38. Middle East and Africa: Clinical Reference Laboratory Market, by Key Country – Revenue (2023) (US$ Million)

Figure 39. Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 40. Middle East and Africa: Clinical Reference Laboratory Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 41. Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 42. South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 43. United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 44. Rest of Middle East and Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 45. South and Central America: Clinical Reference Laboratory Market, by Key Country – Revenue (2023) (US$ Million)

Figure 46. South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 47. South and Central America: Clinical Reference Laboratory Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 48. Brazil: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 49. Argentina: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 50. Rest of South and Central America: Clinical Reference Laboratory Market – Revenue and Forecast to 2031(US$ Million)

Figure 51. Growth Strategies in the Clinical Reference Laboratory Market

The List of companies - Clinical Reference Laboratory Market

  1. Sonic Healthcare Ltd
  2. UNILABS
  3. Laboratory Corp of America Holdings
  4. Quest Diagnostics Inc
  5. ARUP Laboratories Inc
  6. Clinical Reference Laboratory Inc
  7. SYNLAB International GmbH
  8. Myraid Genetics Inc
  9. Boca Biolistics LLC
  10. TOPLAB

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Clinical Reference Laboratory Market