A Comprehensive Study exploring Laboratory-developed Testing Market | Adaptive Biotechnologies Corporation, Quest Diagnostics
The global Laboratory-developed Testing market is valued at 3010 million US$ in 2017 and will reach 4060 million US$ by the end of 2025, growing at a CAGR of 3.8% during 2018-2025.
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Twenty-five years ago, the Food and Drug Administration (FDA) asserted in a draft document that "home brew" tests-now commonly referred to as laboratory-developed tests (LDTs)-are subject to the same regulatory oversight as other in vitro diagnostics (IVDs)4. In 2010, the FDA began work on developing a proposed framework for future LDT oversight. Released in 2014, the draft guidance sparked an intense debate over potential LDT regulation. While the proposed guidance has not been implemented, many questions regarding LDT oversight remain unresolved.
A laboratory developed test (LDT) is a type of in vitro diagnostic test that is designed, manufactured and used within a single laboratory.
LDTs can be used to measure or detect a wide variety of analytes (substances such as proteins, chemical compounds like glucose or cholesterol, or DNA), in a sample taken from a human body. Some LDTs are relatively simple tests that measure single analytes, such as a test that measures the level of sodium. Other LDTs are complex and may measure or detect one or more analytes. For example, some tests can detect many DNA variations from a single blood sample, which can be used to help diagnose a genetic disease. Various levels of chemicals can be measured to help diagnose a patient's state of health, such as levels of cholesterol or sodium.
While the uses of an LDT are often the same as the uses of FDA-cleared or approved in vitro diagnostic tests, some labs may choose to offer their own test. For example, a hospital lab may run its own vitamin D assay, even though there is an FDA-cleared test for vitamin D currently on the market.
The leading manufactures mainly are Quest Diagnostics, Roche, Illumina, Qiagen,
Eurofins. Quest Diagnostics is the largest manufacturer; its revenue of global market exceeds 5% in 2016. The next is Roche and Illumina.
There are mainly two type product of Laboratory-developed Testing market: Commercial Service and R&D. Commercial Service accounts the largest proportion; however, R&D still have high growth rate.
Geographically, the global Laboratory-developed Testing market has been segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions. The North America held the largest share in the global Laboratory-developed Testing products market, its revenue of global market exceeds 68% in 2017. The next is Europe and Japan
The in-depth information by segments of the Global Laboratory-developed Testing market helps monitor future profitability & to make critical decisions for growth. The information on trends and developments focuses on markets and materials, capacities, technologies, CAPEX cycle and the changing structure of the Global Laboratory-developed Testing Market.
Professional Key players: Adaptive Biotechnologies Corporation, Quest Diagnostics, Roche, Illumina, Qiagen, Eurofins, Guardant Health, Biotheranostics, Adaptive Biotechnologies, Rosetta Genomics, Biodesix & Helix
Global Laboratory-developed Testing Product Types In-Depth: Clinical Biochemistry, Critical Care, Haematology, Immunology, Microbiology, Molecular Diagnostics & Other Test Types
Global Laboratory-developed Testing Major Applications/End users: Academic Institutes, Clinical Research organizations, Hospitals laboratory & Specialty Diagnostic Centers
The Global Laboratory-developed Testing is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR XX% during 2018-2025.
Geographical Analysis: North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa
** For global version, list of countries by region can be added as part of customization at minimum cost.
North America (Country)
Central & South America (Country)
Middle East & Africa (Country)
In order to get a deeper view of Market Size, competitive landscape is provided i.e. Revenue (Million USD) by Players (2013-2018), Revenue Market Share (%) by Players (2013-2018) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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In this study, the years considered to estimate the market size of Global Laboratory-developed Testing are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
Key Stakeholders/Global Reports:
Laboratory-developed Testing Manufacturers
Laboratory-developed Testing Distributors/Traders/Wholesalers
Laboratory-developed Testing Subcomponent Manufacturers
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What this Research Study Offers:
Global Laboratory-developed Testing Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 5 years of all the mentioned segments, sub-segments, and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements...Continued
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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