Clinical Laboratory Services Market Forecast to Cross US$ 362.1 Bn by 2035 on Rise in Chronic Disease Diagnosis - TMR

Clinical Laboratory Services Market Expected to Grow at 4.1% CAGR as Healthcare Systems Expand Globally | TMR

WILMINGTON, DE, UNITED STATES, August 14, 2025 /EINPresswire.com/ -- Clinical Laboratory Services Market Outlook 2035

The global clinical laboratory services market was valued at US$ 231.8 Billion in 2024 and is expected to surpass US$ 362.1 Billion by 2035, growing at a CAGR of 4.1% from 2025 to 2035. Rising demand for early disease diagnosis, expanding prevalence of chronic illnesses, and advancements in diagnostic technologies are key drivers of market growth. Increasing adoption of personalized medicine and expanding healthcare infrastructure are further boosting the industry’s expansion.

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Clinical laboratory services involve the collection, processing, and analysis of patient specimens (blood, urine, tissue, etc.) for diagnostic, therapeutic monitoring, and preventive purposes. They encompass a wide range of disciplines such as clinical chemistry, hematology, microbiology, genetic testing, pathology, and molecular diagnostics.

The industry is witnessing transformation driven by automation, digital pathology, artificial intelligence (AI), and integrated laboratory information systems (LIS) that enhance accuracy, efficiency, and turnaround times.

Analyst Viewpoints

The Clinical Laboratory Services Market is evolving from traditional sample analysis to data-driven, integrated diagnostic ecosystems. Labs are no longer just service providers—they are becoming critical partners in population health management, personalized medicine, and predictive analytics.

Three notable shifts include:

1. Decentralization of Testing – POC and home-based sample collection are complementing centralized laboratory workflows.
2. Technology Integration – AI, machine learning, and digital pathology tools are enabling faster and more precise diagnostics.
3. Consolidation & Outsourcing – Larger diagnostic networks are acquiring smaller labs to achieve economies of scale and enhance geographic reach.

Analysis of Key Players in the Clinical Laboratory Services Market

Leading companies in the clinical laboratory services industry are increasingly investing in automation and AI-driven solutions to enhance operational efficiency, reduce errors, and streamline diagnostic workflows. Automation is helping laboratories handle high sample volumes with precision, while AI is improving data interpretation, enabling faster and more accurate diagnostics, and optimizing overall lab processes.

Prominent players in the global market include

• Laboratory Corporation of America (LabCorp)
• BioReference Health, LLC
• PPD (Thermo Fisher Scientific Inc.)
• Myriad Genetics, Inc.
• NeoGenomics Laboratories
• Quest Diagnostics Incorporated
• Siemens Healthcare Private Limited
• Sonic Healthcare Limited
• SYNLAB International GmbH
• Eurofins Scientific
• Charles River Laboratories
Mayo Clinic Laboratories, UNILABS, Metropolis Healthcare, and H.U. Group Holdings, Inc. These companies are profiled in market research reports based on their company overview, financial performance, business strategies, product portfolio, core segments, and recent developments.

Key Developments:

• May 2025 – LabCorp opened a new state-of-the-art diagnostic center in Chantilly, Virginia. Spanning 45,000 square feet, it is the company’s largest regional diagnostics lab, employing over 200 staff and processing more than 26,000 patient specimens daily. The facility also offers expanded histology and cytology services and incorporates modern, efficiency-focused workspaces.

• February 2025 – Myriad Genetics, Inc. partnered with INTERLINK Care Management, Inc. and CancerCARE for Life to provide over one million individuals access to its MyRisk with RiskScore hereditary cancer testing. Using the MyGeneHistory online screening tool, patients can assess their eligibility for testing. MyRisk evaluates 48 genes linked to hereditary cancer, offering a polygenic risk prediction for 11 cancer types across all ancestries.

Key Growth Drivers

1. Rising Chronic Disease Prevalence
Demand for diagnostic monitoring of diabetes, cardiovascular disease, and cancer is growing rapidly.
2. Technological Advancements
Automation, robotics, AI, and next-generation sequencing (NGS) enhance speed and accuracy.
3. Preventive & Personalized Medicine
Screening programs and biomarker-driven treatment selection are boosting test volumes.
4. Infectious Disease Testing Demand
COVID-19, emerging pathogens, and antimicrobial resistance drive high testing needs.
5. Healthcare Infrastructure Expansion
Improved access to laboratory services in developing economies is opening new markets.

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Opportunities

• Molecular & Genetic Testing Expansion – Growth in precision oncology, pharmacogenomics, and hereditary disease testing.
• POC & Home Collection Services – Convenience-focused models for chronic disease monitoring and wellness checks.
• AI-Driven Diagnostics – Automated analysis to reduce human error and improve throughput.
• Integration with Telehealth Platforms – Linking lab results with virtual consultations for end-to-end care.
• Emerging Market Growth – Rising middle-class populations in Asia-Pacific, Latin America, and Africa.

Challenges

• Regulatory Compliance & Quality Control – Meeting CLIA, CAP, ISO, and regional standards.
• Pricing Pressures – Reimbursement cuts and competitive pricing in commoditized tests.
• Workforce Shortages – Limited supply of skilled laboratory technologists and pathologists.
• Data Security Risks – Growing cyber threats to sensitive patient data.
• Shift to Decentralized Models – Potential revenue loss from centralized labs as POC testing rises.

Market Segmentation

By Service Type:
Clinical Chemistry • Medical Microbiology & Cytology • Human & Tumor Genetics • Hematology • Pathology Services • Molecular Diagnostics • Others

By Provider Type:
Hospital-Based Laboratories • Standalone/Independent Laboratories • Clinic-Based Laboratories

By Application:
Oncology • Infectious Disease • Genetic Testing • Drug Development & Clinical Trials • Routine Diagnostics • Others

By End User:
Hospital & Clinic Physicians • Academic & Research Institutes • Pharmaceutical & Biotechnology Companies • Patients/Consumers

By Region:
North America • Europe • Asia-Pacific • Middle East & Africa • Latin America

Future Prospectus

By 2035, the Clinical Laboratory Services Market will be increasingly digitally integrated, with AI-powered diagnostics, blockchain-secured patient data, and at-home sample collection kits becoming mainstream. Laboratories will function as health intelligence hubs, offering predictive insights in addition to diagnostic results.

Asia-Pacific will experience the fastest growth due to rising healthcare investments, expanding insurance coverage, and the spread of accredited diagnostic networks. North America and Europe will remain leaders in innovation, particularly in molecular diagnostics and AI-assisted pathology.

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What Is in This Report?

• Global & regional market size forecasts (2023–2035)
• Detailed segmentation by service type, provider, application, and end user
• Market drivers, restraints, and emerging opportunities
• Technological innovations shaping the future of diagnostics
• Competitive landscape & key strategic developments
• Regulatory and reimbursement environment analysis
• Porter's Five Forces & SWOT analysis
• Strategic recommendations for growth and differentiation

Why Buy This Report?

1. Strategic Market Insights – Plan investments and service expansion with reliable forecasts.
2. Innovation Tracking – Identify new testing technologies and integration opportunities.
3. Competitive Benchmarking – Compare offerings, capabilities, and partnerships of key players.
4. Regional Growth Mapping – Pinpoint emerging markets with strong revenue potential.
5. Operational Efficiency Planning – Leverage automation and digital tools to improve margins.
6. Future-Proof Strategy – Align business models with personalized and decentralized testing trends.

Conclusion

The Clinical Laboratory Services Market is transitioning into a tech-enabled, patient-centric ecosystem. Companies that combine cutting-edge diagnostics, operational excellence, and digital integration will lead the market over the next decade. This report provides a complete roadmap for capitalizing on market opportunities while mitigating operational and regulatory risks.

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