Clinical Laboratory Services Market - By Test Type (Humor & Tumor Genetics, Clinical Chemistry {Routine Chemistry Testing, Specialized Chemistry Testing}, Service Provider (Hospital-based Laboratory, Stand-alone Laboratory), Global Forecast (2023-2032)

Clinical laboratory services industry size was USD 280.4 billion in 2022 and is expected to register 3.8% CAGR from 2023-2032 due to the growing aging population, rising incidence of chronic diseases as well as lifestyle-related diseases worldwide.

North America held 45.4% share of the clinical laboratory services industry in 2022 and is expected to register commendable CAGR from 2023-2032 due to the rapid advancements in laboratory automation, molecular diagnostics, and next-generation sequencing technologies in the region.

Arup Laboratories Inc., Sonic Healthcare, Neogenomics Laboratories, Inc. (Neogenomics, Inc.), Opko Health, Inc. (Bioreference Laboratories, Inc.), Quest Diagnostics Inc., and Fresenius Medical Care (Spectra Laboratories) are some of the major clinical laboratory services companies worldwide

The clinical chemistry test type segment held 42.4% share of the clinical laboratory services industry in 2022 and is expected to register appreciable CAGR from 2023-2032 owing to the growing rate of infectious diseases across the globe.