Laboratory Developed Test Market Size, Share & Trends Analysis, by Type (Clinical Biochemistry, Molecular Diagnostics)By Application(Hospitals laboratory, Specialty Diagnostic Centers), By End Use, and Region Forecast Period-2022 – 2028

Report ID - MRC_558 | Pages - 214 | Category - Healthcare and Pharma

Laboratory Developed Test Market Insights

Laboratory Developed Test Market is projected to be worth USD 7.77 Billion by 2028, registering a CAGR of 6.9% CAGR during the forecast period (2022-2028), The market was valued at USD 4.87 Billion in 2021.

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Laboratory developed test (LDT) is also called an in-vitro diagnostic test. LDT is intended to use within a laboratory environment. Moreover, LDT is a testing service utilized in clinical laboratories, hospitals, and academic institutes as per standard operating procedures. LDT is important for the development of personalized medicines and provides precise treatment to the patient.

Laboratory Developed Test Market Dynamics

Driver:

Surging screening and prevalence of chronic diseases such as cancer, CVD, and kidney failure to detect early signs and risk factors is driving the growth of the laboratory developed test market.

Restraints:

The lack of a skilled workforce and the high cost of reagents and equipment are the factors impeding the growth of the laboratory developed test market.

Opportunity:

Increasing government funds for R&D activities for the diagnosis of rare diseases and disorders is anticipated to bring lucrative opportunities for the laboratory developed test market.

COVID-19 Analysis of Laboratory Developed Test Market:

The laboratory developed test market has been positively impacted since the COVID-19 epidemic in many different parts of the world. With the occurrence of the global pandemic COVID-19 and the requirement for laboratory tests and the higher hospitalization has risen drastically. Further, viral infections have led to more development of these laboratory developed tests as it resulted in quick and early diagnosis of the infections. Therefore, during the pandemic and post-pandemic, the laboratory developed test market has seen profitable growth.

Laboratory Developed Test Market Report Coverage

Report AttributesReport Details
Study Timeline2016-2028
Market Size in 2028 (USD Billion)7.77
CAGR (2022-2028)6.9%
By TypeClinical Biochemistry, Molecular Diagnostics, Immunology, Critical Care, Microbiology, Haematology, Others
By ApplicationHospitals laboratory, Specialty Diagnostic Centers, Clinical Research organizations, Academic Institutes, Others
By geographyNorth America: U.S., Canada, Mexico

Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe

Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific

Latin America: Brazil, Argentina, Chile, Rest of Latin America

The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA

Laboratory Developed Test Market Segmentation:

By Type

The type segment is categorized into clinical biochemistry, molecular diagnostics, immunology, critical care, microbiology, haematology, and others. Haematology segment is expected to dominate the growth of the type segment in the laboratory development test market. Increasing haematology tests such as complete blood counts including RBC, WBC, Platelets, and other biochemical parameters are boosting the growth of the laboratory developed test market.

Laboratory Developed Test Market Size

By Application

By Application, the segment includes hospitals laboratories, specialty diagnostic centers, clinical research organizations, academic institutes, and others. The hospital laboratory led the growth of the application segment in the laboratory development test market. The factors responsible for the growth are the high frequency of screening tests and surgical procedures in hospitals.

laboratory developed test market by application

By Region

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America in the laboratory developed test market. North America is expected to lead the regional laboratory developed test market owing to high investment in laboratory infrastructure and adoption of sophisticated lab equipment. Further, the presence of a skilled workforce and health insurance policy in the region is expected to support the growth of the market.

Laboratory Developed Test Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), Application innovation, various business strategies, and Type launches have accelerated the growth of the Laboratory Developed Test market.

Key Players

  • Quest Diagnostics Incorporated
  • QIAGEN
  • Illumina, Inc.
  • Hoffmann-La Roche Ltd
  • Eurofins Scientific
  • Biodesix
  • Adaptive Biotechnologies
  • Biotheranostics
  • Rosetta Genomics Ltd.,
  • Guardant Health

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Type Picture of Laboratory Developed Test
    • Global Laboratory Developed Test Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief:
    • Parent Market Overview
    • Overall Laboratory Developed Test Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews:
    • Average primary breakdown ratio
  2. Executive Summary
    • Business Trends
    • Regional Trends
    • Type Trends
    • Application Trends
  3. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
    • Opportunity
      • Impact forces for market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global economy
    • Covid-19 impact on Laboratory Developed Test demand
    • Post Covid Impact on Laboratory Developed Test Market Demand
    • Impact Analysis of Russia-Ukraine Conflict
  4. Global Laboratory Developed Test Market Analysis Forecast by Type
    • Global Laboratory Developed Test Segment by Type
      • Global Laboratory Developed Test Market Revenue Share (%), by Type, 2021
      • Global Laboratory Developed Test Market Volume (Units), by Type, 2016 – 2028
      • Global Laboratory Developed Test Market Revenue (USD Billion), by Type, 2016 – 2028
    • Global Laboratory Developed Test Market Volume (Units) & Revenue (USD Billion), by Type, 2016 – 2028
      • Clinical Biochemistry
      • Molecular Diagnostics
      • Immunology
      • Critical Care
      • Microbiology
      • Haematology
      • Others
  1. Global Laboratory Developed Test Market Analysis Forecast by Application
    • Global Laboratory Developed Test Segment by Application
      • Global Market Revenue Share (%), by Application, 2021
      • Global Market Volume (Units), by Application, 2016 – 2028
      • Global Market Revenue (USD Billion), by Application, 2016 – 2028
    • Global Laboratory Developed Test Market Volume (Units) & Revenue (USD Billion), by Application, 2016 – 2028
      • Hospitals laboratory
      • Specialty Diagnostic Centers
      • Clinical Research organizations
      • Academic Institutes
      • Others
  1. Laboratory Developed Test by Regions
    • Global Laboratory Developed Test Market Overview, By Region
      • Global Revenue, By region
    • Global Laboratory Developed Test Market Volume (Units) & Revenue (USD Billion), 2016-2028
      • Global Revenue Share (%) by region, 2021
    • North America
      • North America Volume (Units) & Revenue (USD Billion), 2016-2028
    • Asia Pacific
      • APAC Volume (Units) & Revenue (USD Billion), 2016-2028
    • Europe
      • Europe Volume (Units) & Revenue (USD Billion), 2016-2028
    • Latin America
      • Latin America Volume (Units) & Revenue (USD Billion), 2016-2028
    • Middle East & Africa
      • Middle East & Africa Market Volume (Units) & Revenue (USD Billion), 2016-2028
  1. North America
    • North America Laboratory Developed Test Market Size by Countries
      • North America Volume (Units) by Countries (2016-2021)
      • North America Revenue (USD Billion) by Countries (2016-2021)
      • North America Volume (Units), by Type, 2016 – 2028
      • North America Revenue (USD Billion), by Type, 2016 – 2028
      • North America Volume (Units), by Application, 2016 – 2028
    • United States
      • U.S. Market Volume (Units), by Type, 2016-2028
      • U.S. Revenue (USD Billion), by Type, 2016 – 2028
      • U.S. Volume (Units), by Application, 2016 – 2028
      • U.S. Revenue (USD Billion), by Application, 2016 – 2028
    • Canada
    • Mexico
  2. Europe
    • Europe Laboratory Developed Test Market Size by Countries
      • Europe Market Size, by Type, 2016 – 2028
      • Europe Market Size, by Application, 2016 – 2028
    • France
    • UK
    • Spain
    • Russia
    • Italy
    • BENELUX
  3. Asia Pacific
    • Asia Pacific Laboratory Developed Test Market Size by Countries
      • Asia Pacific Market Size, by Type, 2016 – 2028
      • Asia Pacific Market Size, by Application, 2016 – 2028
    • China
    • Japan
    • Australia
    • South Korea
    • India
    • ASEAN
  4. Latin America
    • Latin America Laboratory Developed Test Market Size by Countries
      • Latin America Market Size, by Type, 2016 – 2028
      • Latin America Size, by Application, 2016 – 2028
    • Brazil
    • Argentina
    • Chile
  5. Middle East and Africa
    • Middle East and Africa Laboratory Developed Test Market Size by Countries
      • Middle East and Africa Market Size, by Type, 2016 – 2028
      • Middle East and Africa Size, by Application, 2016 – 2028
    • GCC
    • Turkey
    • South Africa
  6. Global Laboratory Developed Test Market by Players
    • Global Laboratory Developed Test Market Revenue Share (%): Competitive Analysis, 2021
      • Key entry strategies adopted by market players
      • Global Market Revenue (USD Billion), By Manufacturer 2021
      • Global Market Revenue Share (%), By Manufacturer 2021
      • Global Player Positioning, By Manufacturer 2021
  1. Global Laboratory Developed Test Market: Recent Development
  2. Competitive Analysis
    • Quest Diagnostics Incorporated
      • Business Overview
      • Quest Diagnostics Incorporated Business Financials (USD Billion)
      • Quest Diagnostics Incorporated Laboratory Developed Test Type Category, Type and Specification
      • Quest Diagnostics Incorporated Main Business/Business Overview
      • Quest Diagnostics Incorporated Geographical Analysis
      • Quest Diagnostics Incorporated Recent Development
      • Quest Diagnostics Incorporated Swot Analysis
    • Quest Diagnostics Incorporated
    • HOFFMANN-LA ROCHE LTD.,
    • QIAGEN
    • Illumina, Inc.,
    • Eurofins Scientific
    • Biodesix
    • Adaptive Biotechnologies
    • Biotheranostics
    • Rosetta Genomics Ltd.,
    • Guardant Health
  1. Market Research Findings & Conclusion

Disclaimer 

Research Methodology

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