Press release
Clinical Diagnostics Market Size, Share, Growth and Trends Report 2023-2030
Clinical Diagnostics Market-DataM Intelligence
Forecasted CAGR of 5.3% Indicates Robust Growth in Clinical Diagnostics
The global clinical diagnostics market has experienced remarkable expansion, reaching an impressive valuation of US$ 73.2 billion in 2022. Projections indicate a lucrative trajectory, with expectations to soar to US$ 110.0 billion by 2030. This upward trend is underlined by a forecasted Compound Annual Growth Rate (CAGR) of 5.3% during the period from 2023 to 2030.
Clinical diagnostics, involving an array of tests and examinations, plays a pivotal role in disease detection, monitoring, and therapy decisions. Diverse clinical diagnostic methods and technologies are deployed in healthcare settings, including laboratory-based tests analyzing samples such as blood, urine, or tissue.
Market Scope and Metrics:
CAGR: 5.3%
Size Available for Years: 2021-2030
Forecast Period: 2023-2030
Data Availability: Value (US$)
Segments Covered: Test, Product, End User
Regions Covered: North America, Europe, Asia-Pacific, South America, Middle East & Africa
Fastest Growing Region: Asia-Pacific
Largest Region: North America
Insights Covered:
Competitive Landscape Analysis
Company Profile Analysis
Market Size, Share, Growth
Demand, Recent Developments
Mergers and Acquisitions
New Product Launches
Growth Strategies
Revenue Analysis
Porter's Analysis
Pricing Analysis
Regulatory Analysis
Supply-Chain Analysis
Other key Insights
Download Sample: https://www.datamintelligence.com/download-sample/clinical-diagnostics-market
Market Dynamics:
Increasing Diseases Burden Driving Growth:
The surge in infectious and chronic diseases globally is a key driver for clinical diagnostics. As populations age and lifestyle-related diseases become more prevalent, the demand for diagnostic tools intensifies, particularly for diseases like cancer, diabetes, cardiovascular disease, and infectious disorders.
Collaboration With Key Players Boosts Growth:
Collaborations between healthcare professionals and key players are shaping the clinical diagnostics landscape. For instance, in September 2022, BioMérieux and BrightInsight announced a partnership to develop a clinical digital solution for diagnostics, enabling clinical decision support across their diagnostic tests.
Regulatory Requirements Impose Challenges:
Stringent regulatory requirements in the clinical diagnostics sector, aimed at ensuring security, precision, and reliability of diagnostic tests, pose challenges. Compliance with regulatory obligations, including approvals and quality standards, requires significant time and financial investment, hindering market entry, especially for smaller businesses.
For More Insights: https://www.datamintelligence.com/research-report/clinical-diagnostics-market
Segment Analysis:
Point-Of-Care Testing Dominates:
The point-of-care testing segment holds a dominant position, constituting approximately 41.7% of the clinical diagnostics market in 2022. Point-of-care testing near patient care locations enhances patient care, offering quick results and instant diagnostic information, making it increasingly popular.
Geographical Share:
North America Leads the Way:
North America commands a substantial share of approximately 39.6% throughout the forecast period. The region's growth is fueled by an increasing disease burden and active market players. For instance, in March 2023, Cue Health introduced diagnostic test kits for at-home testing, providing precise results and facilitating easier health management.
Key Market Players:
Major global players shaping the clinical diagnostics market include Abbott Laboratories, Becton, Dickinson and Company, BioMerieux, Bio-Rad Laboratories Inc., Danaher Corporation, Siemens AG, Hologic Inc., Qiagen NV, F. Hoffmann-La Roche AG, Thermo Fisher Scientific, among others.
By Test:
Lipid Panel
Liver Panel
Renal Panel
Complete Blood Count
Electrolyte Testing
Infectious Disease Testing
Other Tests
By Product:
Instruments
Reagents
Others
By End User:
Hospital Laboratory
Diagnostic Laboratory
Point-of-care Testing
Others
By Region:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Middle East and Africa
Related Reports:
Legionella Testing Market: https://www.datamintelligence.com/research-report/legionella-testing-market
Breast Cancer Diagnostics Market: https://www.datamintelligence.com/research-report/breast-cancer-diagnostics-market
Rubella Diagnostic Testing Market: https://www.datamintelligence.com/research-report/rubella-diagnostic-testing-market
Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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