The US Medical and Diagnostic Laboratory Services Market, valued at USD 82 billion in 2023, is expected to grow at a 9% CAGR between 2024 and 2030, reaching nearly USD 149.90 billion. This dynamic sector provides a wide range of services, including clinical laboratory testing, anatomical pathology testing, molecular diagnostics, and genetic testing. Clinical laboratory testing, the largest segment, uses blood and bodily fluid tests to diagnose conditions. Anatomical pathology examines tissue samples, whereas molecular diagnostics detects genetic mutations. Quest Diagnostics, LabCorp, Sonic Healthcare, and Bio-Reference Laboratories are among the market's leading competitors. Increased demand for diagnostic testing and a focus on personalized medicine are driving industry growth, but challenges such as regulatory changes remain a concern.
US Medical and Diagnostic Laboratory Services Market Scope and Research Methodology
The market study of the US Medical and Diagnostic Laboratory Services Industry provides a thorough analysis of competition, encompassing market share and company profiles of major global competitors. The research scope includes a comprehensive examination of the US Medical and Diagnostic Laboratory Services Market and an exploration of factors contributing to industry growth variations across different regions.
Following the completion of market engineering, which involved computations of market statistics, size estimations, forecasts, breakdowns, and data triangulation, extensive primary research was conducted to gather, verify, and validate crucial information. Top-down and bottom-up tactics, along with various data triangulation methods, were employed in market estimating and forecasting for overall market segments and sub-segments. The market engineering process involved extensive qualitative and quantitative analysis of all acquired data to provide essential insights throughout the report.
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US Medical and Diagnostic Laboratory Services Market Segmentation:
Based on the Test, the Complete Blood Count segment held the largest market share of about 15% in the US Medical and Diagnostic Laboratory Services Market in 2023. According to the MMR analysis, the segment is expected to grow at a CAGR of 9.2% during the forecast period. It stands out as the dominant segment within the US market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.
by Test
Lipid Panel
Liver Panel
Renal Panel
Complete Blood Count
Electrolyte Testing
Infectious Disease Testing
by Product
Instruments
Reagents
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US Medical and Diagnostic Laboratory Services Market Key Players:
1. Quest Diagnostics
2. Laboratory Corporation of America (LabCorp
3. Sonic Healthcare
4. Bio-Reference Laboratories
5. ARUP Laboratories
6. Mayo Clinic Laboratories
7. Genomic Health, Inc.
8. Myriad Genetics, Inc.
9. American Esoteric Laboratories (AEL)
10. Genomic Health
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