DUBLIN, Sept. 20, 2023 /PRNewswire/ — The “Clinical Laboratory Tests Market Size, Share & Trends Analysis Report, By Region, And Segment Forecasts, 2023 – 2030” has been added to  ResearchAndMarkets.com’s offering.

Clinical Laboratory Tests Market Projected to Reach $213.04 Billion by 2030, Driven by Increasing Geriatric Population and Rising Prevalence of Target Diseases

Key Takeaways:

• The clinical laboratory tests market is projected to flourish, reaching a noteworthy USD 213.04 billion by 2030, growing at a CAGR of 9.4% from 2022 to 2030.

• Market expansion is primarily attributed to a surge in target diseases and the rising implementation of clinical laboratory tests for an array of diagnostic applications focused on precise patient health evaluation and treatment plans.

• The WHO has noted that by 2030, one in every six individuals will be above 60 years, signaling a climb from 1 billion in 2020 to a staggering 1.4 billion. This burgeoning geriatric populace will significantly fuel the market’s growth over the forecast duration.

• Central laboratories spearheaded the market in 2022, driven by their extensive market infiltration and high procedure volumes.

• North America reigned supreme in 2022 market share, bolstered by amplified regulatory backing and escalating investments in clinical laboratory tests.

Market Dynamics Highlight:

Drivers:

• Increasing Geriatric Population: With age comes an enhanced risk of health conditions, propelling the need for advanced clinical tests.

• Growing Prevalence Of Target Disease: Diseases like cardiovascular ailments and diabetes are escalating, necessitating comprehensive clinical testing.

• Introduction Of Innovative Solutions: Key market players are focusing on novel collaborations and leveraging advanced technology to reinforce their market position.

Restraints:

• Ambiguous regulatory frameworks and the global repercussions of the Covid-19 pandemic have been identified as potential market growth inhibitors.

Segment Highlights:

• The HbA1c tests segment boasted the largest revenue share in 2022, propelled by the growing diabetic populace.

• The HGB/HCT tests segment is forecasted to witness rapid growth due to rising blood-related disorders.

To delve deeper into this all-encompassing analysis and gain further insights into the Clinical Laboratory Tests market, including competitive landscapes, business analysis by type and end-use, and regional business analyses, visit the official webpage:

Company Profiles:

• Quest Diagnostics Incorporated.
• Abbott
• Cinven
• F. Laboratory Corporation Of America Holdings
• Arup Laboratories
• Opko Health, Inc.
• Unilabs
• Clinical Reference Laboratory, Inc.
• Synnovis Group
• Sonic Healthcare Limited.

For more information about this report visit https://www.researchandmarkets.com/r/awa761

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SOURCE Research and Markets