Medical And Diagnostic Laboratory Services Market Poised to Hit $291.62 Billion by 2029 with Accelerating Growth Trends

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
Medical And Diagnostic Laboratory Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The market size for medical and diagnostic laboratory services has seen significant expansion in the past years. It is anticipated to escalate from $197.13 billion in 2024 to $213.61 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.4%. The historic growth trend is largely credited to advancements in medical technology, an aging population, healthcare reform, occurrence of epidemics and pandemics, and the prevalence of chronic diseases._x000D_
_x000D_
Medical And Diagnostic Laboratory Services Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
We anticipate a robust expansion in the medical and diagnostic laboratory services market in the upcoming years. The market is set to reach $291.62 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.1%. Such growth during the forecast period can be ascribed to factors like precision medicine, telemedicine and remote monitoring, personalized health, genomic testing, and regulatory alterations. The period is also expected to see key trends like point-of-care testing, home testing kits, the use of artificial intelligence (AI) and data analytics, telepathology and telelaboratory services, as well as laboratory consolidation._x000D_
_x000D_
View the full report here: _x000D_
https://www.thebusinessresearchcompany.com/report/medical-and-diagnostic-laboratory-services-global-market-report_x000D_
_x000D_
What Are the Drivers Transforming the Medical And Diagnostic Laboratory Services Market?_x000D_
The global health landscape is being altered by factors such as the rise in desk-bound jobs, hectic lifestyles, and evolving consumer choices, particularly with regard to non-communicable diseases like cancer, cardiovascular diseases, and diabetes. The proliferation of these chronic illnesses can be attributed to lengthy work schedules, lack of exercise, as well as poor dietary and drinking habits. For instance, in the first quarter of 2023, over 1.35 million individuals, which was 53% of the population, reported feelings of depression, anxiety or unease due to being inactive from chronic diseases, as reported by the UK's Office for National Statistics in July 2023. Diagnosing these ailments requires tests, including but not limited to, HbA1c tests for diabetes, biopsies, tumor marker tests, bone scans, MRI and CT scans for varied forms of cancer, and electrocardiograms, chest X-rays, cardiac CT scans, and stress tests for cardiovascular conditions. As these lifestyle diseases continue to become more prevalent, the urgency for diagnostic tests will surge, thereby bolstering the market opportunities for medical and diagnostic laboratory services over the forecast period._x000D_
_x000D_
Get your free sample here:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=1965&type=smp_x000D_
_x000D_
What Long-Term Trends Will Define the Future of the Medical And Diagnostic Laboratory Services Market? _x000D_
Biomarkers are now being leveraged by medical and diagnostic laboratories to evaluate health indicators related to personal wellness. The health status and wellness of individuals can be determined by utilizing biomarkers to identify the causes behind sleep disorders and signs of stress. Biomarkers like cortisol, testosterone, and secretory IgA serve to reveal alterations in the immune system that correlate to physical and psychological conditions. Doctors can utilize this information to discern the root causes of these ailments. This high-end service is primarily aimed at affluent individuals and top-tier corporate employees._x000D_
_x000D_
Which Segments in the Medical And Diagnostic Laboratory Services Market Offer the Most Profit Potential?_x000D_
The medical and diagnostic laboratory services market covered in this report is segmented - _x000D_
_x000D_
1) By Type: Diagnostic Imaging Centers, Medical Laboratory Services_x000D_
2) By Type of Expenditure: Public, Private_x000D_
3) By Application: Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Other Applications_x000D_
4) By End User Gender: Male, Female_x000D_
_x000D_
Subsegments: _x000D_
1) By Diagnostic Imaging Centers: X-ray Imaging, Magnetic Resonance Imaging (MRI), Ultrasound Imaging, Computed Tomography (CT) Scans, Nuclear Imaging, Mammography _x000D_
2) By Medical Laboratory Services: Clinical Chemistry, Hematology, Microbiology, Immunology/Serology, Molecular Diagnostics, Pathology, Blood Banking/Transfusion Services _x000D_
_x000D_
Tailor your insights and customize the full report here:_x000D_
https://www.thebusinessresearchcompany.com/customise?id=1965&type=smp_x000D_
_x000D_
Which Firms Dominate the Medical And Diagnostic Laboratory Services Market by Market Share and Revenue in 2025?_x000D_
Major companies operating in the medical and diagnostic laboratory services market include Laboratory Corporation of America, Eurofins Scientific, Quest Diagnostics Incorporated, Sonic Healthcare Limited, Kaiser Permanente, RadNet, OPKO Health, Myriad Genetics, Charles River Laboratories Inc., NeoGenomics Laboratories Inc., Bio-Reference Laboratories Inc., Guardant Health Inc., Invitae Corporation, Natera Inc., Foundation Medicine Inc., Veracyte Inc., Exact Sciences Corporation, Fulgent Genetics Inc., Progenity Inc., Adaptive Biotechnologies Corporation, Guardion Health Sciences Inc., Biocept Inc., Interpace Biosciences Inc., Psychemedics Corporation, Aeon Global Health Corp., Avellino Labs USA Inc., Bio-Techne Corporation, Enzo Clinical Labs Inc., Genoptix Inc., Genova Diagnostics Inc._x000D_
_x000D_
Which Regions Offer the Highest Growth Potential in the Medical And Diagnostic Laboratory Services Market?_x000D_
North America was the largest region in the medical and diagnostic laboratory services market in 2023. Asia-Pacific was the second largest region in the medical and diagnostic laboratory services market. The regions covered in the medical and diagnostic laboratory services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
_x000D_
Purchase the full report today:_x000D_
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1965_x000D_
_x000D_
"This Report Supports:_x000D_
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.