Laboratory Developed Test Market
Laboratory Developed Test Market Study by Clinical Biochemistry, Critical Care, Hematology, Immunology, Microbiology, Molecular Diagnostics, and Others from 2024 to 2034
Analysis of Laboratory Developed Test Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Laboratory Developed Test Market Outlook (2024 to 2034)
The laboratory developed test market size is anticipated to be worth US$ 8,698.6 million in 2024, and is projected to expand at a CAGR of 6.5%, resulting in a valuation of US$ 16,404.2 million by 2034. The market is likely to grow over the decade due to the rise in demand for in-vitro diagnostic tests.
Key Market Growth Drivers
- The increasing incidence of various health disorders is driving the expansion of the lab-developed test market.
- The growing need for individualized medication is another important reason driving demand for laboratory developed tests, making them a more flexible and accessible choice for medical practitioners.
- The rising demand for cost-effective diagnostics is fueling market sales, which helps lower the cost of healthcare for individuals.
- Additionally, the adaptability of tests created in laboratories generates new opportunities for developing diagnostic instruments for a range of medical disorders.
- The LDT sector is witnessing a surge in investment and innovation due to the increasing precision and efficacy of laboratory developed tests in detecting and diagnosing diseases. Businesses are boosting their potential to invest in medical research and enhance patient outcomes.
The laboratory developed test market is anticipated to grow throughout the forecast period, mostly due to a strong product pipeline. As more potent and inventive products are created and made accessible, the industry is expected to expand progressively over the next decade.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 8,698.6 million |
| Forecasted Market Value (2034F) | US$ 16,404.2 million |
| Global Market Growth Rate (2024 to 2034) | 6.5% CAGR |
| Clinical Biochemistry Segment Growth Rate (2024 to 2034) | 6.0% |
| Oncology Segment Growth Rate (2024 to 2034) | 6.6% |
| North America Market Share (2024) | 38.2% |
| East Asia Market Share (2024) | 10.1% |
| Key Companies Profiled | Parkview Medical Center; United Medical Labs Inc.; Desert Regional Medical Center Clinical Lab; Med Plus LLC; Bristol Bay Area Health Corporation; Admera Health; Sharp Cornado Hospital & Healthcare Center; Ambry Genetics Corp.; Adaptive Biotechnologies Corporation; 23andMe, Inc.; South Texas Clinical Laboratory LLP.; Hendry Regional Medical Center Clinical Laboratory; Citrano Medical Laboratories; Agendia Nv; Applied Proteomics, Inc. |
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Which Factors are Driving the Global Surge in Laboratory Developed Test Industry?
“Personalized Medications Bolstering Demand for Laboratory Developed Tests”
In recent years, healthcare treatments such as cancer treatments have witnessed a significant shift toward personalized medications, as it presents the possibility of more effective and targeted therapy for patients.
Such a technique involves analyzing an individual's genetic composition and tailoring treatments accordingly. Several drugs have been specifically developed to target the underlying reasons for the disease, combining the principles of precision medicine and clinical care.
Manufacturers in the laboratory developed test sector have many opportunities to create novel and cutting-edge testing products that can meet the demands of patients and healthcare providers, given the increasing desire for personalized treatment, which can transform the healthcare industry completely by providing patients with a more individualized and efficient treatment plan.
“Growing Research and Development and Lab Dialysis Procedures”
The expansion of healthcare infrastructure and the penetration of new technology are driving growth in the market. The increase in healthcare capital expenditure and the installed base of various types of products in laboratory are stimulating the market demand.
The influence of technology on the market is examined through modifications to healthcare regulatory standards. The growing need for lab dialysis procedures is predicted to propel the laboratory developed test market, pointing to a promising future.
What are the Challenges in the Laboratory Developed Test Market?
“Rising Diagnostic Product Recalls Hindering Market Growth”
Healthcare diagnostic product recalls aim to minimize or eliminate malfunctions in diagnostic tests designed to cure various ailments, including genetic disorders, multiple types of cancers, and infectious diseases. The rise in product recalls acts as a restraining factor in the market.
The central registration and tracking make it difficult to compare LDTs with FDA-approved diagnostics. Due to a lack of oversight, eHealth and insurance coverage must distinguish between laboratory tests and FDA-approved diagnoses.
Consultation requires a full database of all lab-developed tests currently in service. These aspects are restricting growth in the market. As the demand for reliable diagnostic tests increases, the need for a comprehensive system for tracking, regulating, and comparing laboratory-developed tests also rises.
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Country-wise Insights
The laboratory-developed test market in North America is expected to rise at a 5.1% CAGR through 2034. Laboratory-grade diagnoses are expected to account for 86.5% of the revenue share in the United States in 2024. Meanwhile, the East Asian lab-developed testing business is expected to grow at a 9.7% CAGR through 2034. China is predicted to dominate the East Asian market with a revenue share of 58.1% in 2024.
Why is the United States Dominating the Laboratory Developed Test Market?
“FDA Monitors Laboratory Developed Test Industry Growth in the United States”
| Attribute | Details |
|---|---|
| CAGR (2024 to 2034) | 5.0% |
The need for laboratory-created tests is predicted to rise, especially in the United States, with a market value estimated at US$ 2,870 million in 2024. Furthermore, the CAGR for the projection period is expected to be 5.0%.
This expansion is expected to result in a market value of US$ 4,691 million by 2034. The US FDA has been actively discussing increased regulation of laboratory developed tests (LDTs) due to their rapid evolution and proliferation and concerns regarding their safety and effectiveness.
The FDA recognizes the need for patients and healthcare providers to have confidence in the accuracy, reliability, and clinical relevance of LDTs. With proper FDA oversight, the in-vitro diagnostic industry, specifically LDTs, can improve. False test results or misleading claims regarding the interpretation of test results can significantly impact patient health outcomes.
As an outcome, the LDT sector in the United States is expected to experience major changes in the following decade.
Which Factor Positions China as a Lucrative Market for Laboratory Developed Tests?
“Regional Endeavours Offer Fertile Ground for the Chinese Laboratory Developed Test Industry”
| Attribute | Details |
|---|---|
| CAGR (2024 to 2034) | 9.5% |
China's demand for laboratory developed tests is anticipated to rise and reach US$ 510 million in 2024. China's share of the East Asian lab-developed testing industry is expected to be 58.1% in 2024. This industry has seen significant growth in recent years. The market in China is expected to register a CAGR of 9.5% through 2034.
The Chinese medical testing industry has grown significantly in recent years due to continued research and development by academics and pharmaceutical companies, an increase in the prevalence of diabetes, and a growing aging population.
Manufacturers of laboratory diagnostic tests may access a substantial market in China. State-of-the-art technological developments are supporting these rapidly evolving methods. Large corporations are constructing innovation centers and research and development facilities to stimulate market growth in emerging nations such as China.
Category-wise Insights
Based on the type of test, the clinical biochemistry segment is projected to hold a 32.9% market share in 2024. The molecular diagnostics segment is estimated to account for 23.1% of the market.
Based on applications, the oncology segment is expected to hold a 40.8% market share in 2024. The genetics segment is expected to hold a 28.0% market share in 2024.
Which Test Type is Fueling the Market for Laboratory Developed Tests?
“Clinical Biochemistry Dissects the Swelled Laboratory Developed Testing Market”
| Attribute | Details |
|---|---|
| Market Share in 2024 | 32.9% |
In 2024, clinical biochemistry tests are expected to hold a commanding 32.9% market share. Demand for clinical biochemistry is projected to increase at a 6.0% CAGR through 2034. The clinical biochemistry segment is likely to be valued at US$ 2,865.7 million in 2024.
The increasing demand for precise and prompt diagnosis of a wide range of medical disorders has led to an increase in the use of laboratory tests in clinical biochemistry. This has prepared the door for more widespread use of molecular diagnostic procedures, which provide a more precise and focused approach to illness identification and surveillance.
Clinical biochemistry and molecular diagnostics are anticipated to be major drivers of laboratory test demand in the upcoming years as patients and healthcare professionals are adopting practical and efficient methods to diagnose and cure ailments.
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Competitive Landscape
Key players in the laboratory developed test market include, Parkview Medical Center, United Medical Labs Inc., Desert Regional Medical Center Clinical Lab, Med Plus LLC, Bristol Bay Area Health Corporation, Admera Health, Sharp Cornado Hospital & Healthcare Center, Ambry Genetics Corp., Adaptive Biotechnologies Corporation, 23andMe, Inc., South Texas Clinical Laboratory LLP., Hendry Regional Medical Center Clinical Laboratory, Citrano Medical Laboratories, Agendia Nv, and Applied Proteomics, Inc.
Key manufacturers are strengthening local and worldwide distribution networks to reach a wider customer base. They are joining forces with tech platforms to expand their online presence, collaborating with medical chains to ensure their products are readily available in physical locations.
They are establishing partnerships with pharmacy service providers to address the growing demand for long-lasting and reasonably priced academic research services in the healthcare industry.
Key players of laboratory developed tests are expanding the spectrum of electronic clinical outcome assessments in their product offerings to better meet the needs of a diverse patient population and varying healthcare demands. Market players are also investing in research and development to produce durable, efficient, and alluring digital medical solutions.
Recent Developments
- In December 2023, the Bionano Laboratories published a research paper covering the analytical validation of its laboratory-developed test (LDT), vented as OGM-Dx™ HemeOne.
- In September 2023, the US Food and Drug Administration proposed the petition to oversee the development of the growing category of medical tests that come under laboratory-developed tests.
Segmentation of Laboratory Developed Test Market
-
By Test type:
- Clinical Biochemistry
- Critical Care
- Hematology
- Immunology
- Microbiology
- Molecular Diagnostics
- Others
-
By Application:
- Oncology
- Genetics
- Infectious Diseases
- Auto Immune Disorders
- Neurology
-
By End-User:
- Hospital Laboratories
- Specialty Diagnostics Centers
- Clinical Research Organizations
- Research Institutes
-
By Region:
- North America
- Europe
- East Asia
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
- 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
- 5.1. Immunoassays
- 5.2. Haematology & Coagulation
- 5.3. Molecular Diagnostics
- 5.4. Microbiology
- 5.5. Clinical Chemistry
- 5.6. Histology/Cytology
- 5.7. Flow Cytometry
- 5.8. Mass Spectroscopy
- 5.9. Others
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
- 6.1. Oncology
- 6.1.1. Companion Diagnostics
- 6.1.2. Genomics Sequencing & Others
- 6.2. Genetic Disorders/Inherited Disease
- 6.3. Infectious & Parasitic Diseases
- 6.4. Immunology
- 6.5. Endocrine
- 6.6. Nutritional & Metabolic Disease
- 6.7. Cardiology
- 6.8. Mental/Behavioural Disorder
- 6.9. Paediatrics-specific Testing
- 6.10. Haematology/General Blood Testing
- 6.11. Bodily Fluid Analysis
- 6.12. Toxicology
- 6.1. Oncology
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
- 7.1. North America
- 7.2. Latin America
- 7.3. Western Europe
- 7.4. Eastern Europe
- 7.5. South Asia and Pacific
- 7.6. East Asia
- 7.7. Middle East and Africa
- 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 15. Key Countries Market Analysis
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Quest Diagnostics Inc
- 17.2. 23andme, Inc
- 17.3. Abbott
- 17.4. Guardant Health
- 17.5. NeoGenomics Laboratories
- 17.6. Siemens Healthcare Pvt Ltd
- 17.7. QIAGEN
- 17.8. Illumina, Inc
- 17.9. Eurofins Scientific
- 17.10. F. Hoffmann-La Roche Ltd.
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 4: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: Latin America Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 11: Western Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 12: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 15: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: East Asia Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 21: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034
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List Of Figures
Figure 1: Global Market Value (US$ Million) by Technology, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 7: Global Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 8: Global Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 10: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 13: Global Market Attractiveness by Technology, 2024 to 2034
Figure 14: Global Market Attractiveness by Application, 2024 to 2034
Figure 15: Global Market Attractiveness by Region, 2024 to 2034
Figure 16: North America Market Value (US$ Million) by Technology, 2024 to 2034
Figure 17: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 18: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 23: North America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 24: North America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 28: North America Market Attractiveness by Technology, 2024 to 2034
Figure 29: North America Market Attractiveness by Application, 2024 to 2034
Figure 30: North America Market Attractiveness by Country, 2024 to 2034
Figure 31: Latin America Market Value (US$ Million) by Technology, 2024 to 2034
Figure 32: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 33: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 43: Latin America Market Attractiveness by Technology, 2024 to 2034
Figure 44: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 45: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 46: Western Europe Market Value (US$ Million) by Technology, 2024 to 2034
Figure 47: Western Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 48: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 52: Western Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 58: Western Europe Market Attractiveness by Technology, 2024 to 2034
Figure 59: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 60: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 61: Eastern Europe Market Value (US$ Million) by Technology, 2024 to 2034
Figure 62: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 73: Eastern Europe Market Attractiveness by Technology, 2024 to 2034
Figure 74: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 76: South Asia and Pacific Market Value (US$ Million) by Technology, 2024 to 2034
Figure 77: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 88: South Asia and Pacific Market Attractiveness by Technology, 2024 to 2034
Figure 89: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 91: East Asia Market Value (US$ Million) by Technology, 2024 to 2034
Figure 92: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 93: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 97: East Asia Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 100: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 101: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 103: East Asia Market Attractiveness by Technology, 2024 to 2034
Figure 104: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 105: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 106: Middle East and Africa Market Value (US$ Million) by Technology, 2024 to 2034
Figure 107: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 118: Middle East and Africa Market Attractiveness by Technology, 2024 to 2034
Figure 119: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 120: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the Value of the Laboratory Developed Test Market in 2019?
The global laboratory developed test market was worth US$ 6,454.5 million in 2019.
What is the Sales Outlook for Laboratory Developed Tests in 2024?
The laboratory developed test market is likely to be valued at US$ 8,698.6 million in 2024.
What is the Demand Forecast for Laboratory Developed Tests by 2034?
The demand for laboratory developed tests is projected to reach a market value of US$ 16,404.2 million by the end of 2034.
What is the Adoption Projection for Laboratory Developed Tests?
The adoption of laboratory developed tests is projected to rise at a CAGR of 6.5% through 2034.
At What Rate is the East Asian Market Predicted to Grow?
The East Asian market for laboratory developed tests is forecasted to expand at a CAGR of 9.7% through 2034.
Laboratory Developed Test Market