The market for clinical diagnostics is expected to grow rapidly, with a predicted valuation of $135,531.4 million by 2031 and a consistent compound annual growth rate (CAGR) of 7.4% from 2021 to 2031. The ongoing COVID-19 pandemic, rising patient awareness, rising demand for high-quality care, ongoing technological advancements, and advantages of clinical diagnostics like rapid test results and simple procedures are all major contributors to the market expansion.
The vital part that Clinical Diagnostics Market play in disease management and prevention has been brought to light by the COVID-19 pandemic. The demand for improved diagnostic tests has risen as a result of patients’ increasing awareness of the value of early diagnosis and efficient treatment. Clinical diagnostics are essential for diagnosing illnesses, tracking the effectiveness of treatments, and influencing healthcare choices. The pandemic has highlighted the importance of precise and rapid test findings, which has prompted a global uptake of clinical diagnostic technologies.
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The capabilities and effectiveness of clinical diagnostic tests have substantially improved because to technological breakthroughs. Rapid diagnostic tests, molecular diagnostics, and point-of-care testing are just a few of the innovations that have completely changed the diagnostics industry and made it possible to identify many diseases quickly and accurately. Diagnostic tests are now more readily available and patient-friendly for both healthcare professionals and patients thanks to the advantages provided by clinical diagnostics, such as quicker turnaround times, simple sample collection, and non-invasive procedures. These elements support the expansion of the clinical diagnostics market.
Highlighted with 82 tables and 94 figures, this 170-page report “Global Clinical Diagnostics Market 2021-2031 by Test (Lipid Panel, Infectious Disease Testing, Liver Panel, CBC), Product (Instruments, Assay Kits & Reagents, Software & Services), Indication (Cardiovascular, Cancer, Infectious Disease), Patient Gender (Male, Female), Age Group (44 and below, 45-64, 65 and over), End User, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global clinical diagnostics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global clinical diagnostics market in every aspect of the classification from perspectives of by Test, Product, Indication, Patient Gender, Age Group, End User, and Region.
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Based on Test, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Lipid Panel
- Infectious Disease Testing
- Liver Panel
- Complete Blood Count (CBC)
- Electrolyte Testing
- Renal Panel
- Other Tests
Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Instruments
- Assay Kits & Reagents
- Software & Services
By Indication the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Cardiovascular
- Cancer
- Infectious Disease
- Stroke
- Chronic Lower Respiratory Diseases
- Diabetes
- Other Indications
By Patient Gender the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Male Patients
- Female Patients
By Age Group the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Age 44 and below
- Age 45-64
- Age 65 and over
By End User the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hospital & Clinics Laboratory
- Diagnostic Laboratory
- Point-of-Care Testing
- Other End Users
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Test, Product, and Indication, over the forecast years are also included.
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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- Abbott Laboratories
- Becton, Dickinson and Company
- BioMerieux SA
- Bio-Rad Laboratories Inc.
- Bio-Reference Laboratories
- Bioscientia Healthcare
- Charles River Laboratories
- Danaher Corporation
- Hoffmann-La Roche AG
- Hologic Inc.
- Qiagen NV
- Siemens Healthcare
- Thermo Fisher Scientific
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