Press release
Laboratory Developed Testing Market to Reach USD 8.58 Bn by 2030 with 7.58% CAGR
The Laboratory Developed Testing (LDT) Market is experiencing remarkable growth due to advancements in personalized medicine, increasing prevalence of chronic diseases, and the rising need for specialized diagnostic solutions. Valued at US$ 5.14 Bn in 2023, the market is projected to grow at a CAGR of 7.58% from 2024 to 2030, reaching approximately USD 8.58 Bn by 2030.๐๐ง๐ฅ๐จ๐๐ค ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฏ๐ข๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/87457/
๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's laboratory developed testing market is gaining momentum due to increasing healthcare investments and the rising prevalence of chronic diseases. Partnerships between global firms like ๐๐ก๐๐ซ๐ฆ๐จ ๐ ๐ข๐ฌ๐ก๐๐ซ ๐๐๐ข๐๐ง๐ญ๐ข๐๐ข๐ and local healthcare providers have introduced advanced diagnostic technologies. Government initiatives to enhance laboratory infrastructure further bolster market growth.
๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's healthcare market is witnessing a surge in demand for LDTs, particularly in oncology and infectious disease diagnostics. Collaborations between ๐๐๐๐๐๐ and Thai laboratories have expanded the availability of molecular diagnostic tests. The government's push for medical tourism and precision medicine creates new market opportunities.
๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan remains a leader in the LDT market, driven by its robust biotechnology sector. Companies like ๐๐ฒ๐ฌ๐ฆ๐๐ฑ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง and ๐ ๐ฎ๐ฃ๐ข๐๐ข๐ฅ๐ฆ are expanding their portfolios with next-generation diagnostic tests. Strategic acquisitions, such as Sysmex's acquisition of advanced testing technologies, have strengthened market consolidation in Japan.
๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ก๐ข๐ง๐
China's LDT market is experiencing rapid growth due to large-scale investments in healthcare technology. Companies like ๐๐๐ ๐๐๐ง๐จ๐ฆ๐ข๐๐ฌ and ๐๐ฎ๐๐ข ๐๐ฉ๐ฉ๐๐๐ are driving innovation in molecular and genetic testing. Government policies promoting precision medicine and healthcare digitization have further accelerated the market's expansion.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ @https://www.maximizemarketresearch.com/request-sample/87457/
๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's market is characterized by advancements in molecular diagnostics and personalized medicine. Companies like ๐๐๐ฆ๐ฌ๐ฎ๐ง๐ ๐๐ข๐จ๐๐ฉ๐ข๐ฌ and ๐๐๐๐ซ๐จ๐ ๐๐ง are investing heavily in developing proprietary LDT solutions. Collaborations with global pharmaceutical and diagnostic firms have positioned South Korea as a hub for innovative testing services.
๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore is emerging as a leader in the laboratory developed testing market in Southeast Asia. Leading companies like ๐๐ฅ๐ฅ๐ฎ๐ฆ๐ข๐ง๐ ๐๐ง๐ ๐๐จ๐๐ก๐ ๐๐ข๐๐ ๐ง๐จ๐ฌ๐ญ๐ข๐๐ฌ have established regional hubs in Singapore to cater to growing demand. Government-backed initiatives for biomedical research and precision medicine support sustained market growth.
๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States is the largest market for laboratory developed testing, driven by advanced healthcare infrastructure and high R&D investments. Companies such as ๐๐ก๐๐ซ๐ฆ๐จ ๐ ๐ข๐ฌ๐ก๐๐ซ ๐๐๐ข๐๐ง๐ญ๐ข๐๐ข๐, ๐๐๐๐๐จ๐ซ๐ฉ, and ๐๐ฎ๐๐ฌ๐ญ ๐๐ข๐๐ ๐ง๐จ๐ฌ๐ญ๐ข๐๐ฌ are at the forefront of LDT innovation. Recent policy changes by the FDA regarding LDT regulation have significant implications for market dynamics.
๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's LDT market is thriving due to increased adoption of molecular diagnostics and genomics-based testing. Companies like ๐๐๐๐๐๐, ๐๐ข๐๐ฆ๐๐ง๐ฌ ๐๐๐๐ฅ๐ญ๐ก๐ข๐ง๐๐๐ซ๐ฌ, and ๐๐ข๐จ๐รฉ๐ซ๐ข๐๐ฎ๐ฑ are expanding their footprints through strategic partnerships and acquisitions. EU-funded initiatives promoting advanced diagnostics further strengthen the market outlook.
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/87457/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐๐ฌ๐ญ ๐๐ฒ๐ฉ๐
Clinical Biochemistry
Molecular Diagnostics
Immunology
Critical Care
Microbiology
Haematology
Others
Throughout the projection period, the molecular diagnostic sector is leading the market with the greatest CAGR. The molecular diagnostics area, which comes after hematology, is anticipated to expand quickly.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Hospitals laboratory
Specialty Diagnostic Centers
Clinical Research organizations
Academic Institutes
Others
๐๐๐ญ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/global-laboratory-developed-testing-market/87457/
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. Quest Diagnostics Incorporated
2. F. HOFFMANN-LA ROCHE LTD.
3. QIAGEN
4. IIIumina, Inc.
5. Eurofins Scientific
6. Biodesix
7. Adaptive Biotechnologies
8. Biotheranostics
9. Rosetta Genomics Ltd.
10. Guardant Heath
11. Abbott Laboratories
12. Sonic Healthcare Ltd.
13. Siemens Healthineers
14. OPKO Health Inc.
15. Neo Genomics Laboratories
16. Genoptix, Inc
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
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