Discover trends, market shifts, and competitive outlooks for the central lab industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Central Lab Market Expected to Grow Between 2025 And 2029?

The size of the central lab market has seen robust expansion in the past few years. The market value is projected to increase from $3.06 billion in 2024 to $3.31 billion in 2025, witnessing a compound annual growth rate (CAGR) of 8.2%. Factors such as the rise in the number of clinical trials, expansion in drug development activities, regulatory adherence, enhanced healthcare research, and increased diagnostic testing contribute to the growth noticed in the historical period.

In the coming years, the central lab market size is forecasted to experience significant expansion, reaching $4.54 billion by 2029 with a compound annual growth rate (CAGR) of 8.2%. This growth for the predicted period can be explained by the rise in personalized healthcare, enhanced biomarker research, elevated demand for telemedicine and remote monitoring, global health issues, and an increasing need for precision diagnostics. The period’s major trends will involve technological advancements, innovative solutions, and strategic partnerships.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7317&type=smp

What Are the Major Market Drivers Behind the Rising Adoption of Central Lab Market?

The central lab market is projected to expand due to an increase in clinical trials. Clinical trials are research studies designed to examine the efficacy and safety of new treatments, drugs, or medical devices. Pharmaceutical and biotechnology firms often rely on central labs for the testing, development, and manufacturing of new products. For instance, the Association of the British Pharmaceutical Industry, a UK-based trade association, reported a minor increase of 4.3% in the total number of industry-sponsored clinical trials launched in the UK in November 2023. The number grew from 394 trials in 2021 to 411 in 2022. Thus, this increase in clinical trials plays a crucial role in propelling the central lab market.

Which Key Market Segments Comprise the Central Lab Market and Drive Its Revenue Growth?

The central lab market covered in this report is segmented –

1) By Service Type: Genetic Services, Biomarker Services, Microbiology Services, Anatomic Pathology or Histology, Specimen Management And Storage, Special Chemistry Services, Other Service Types

2) By Test Type: Human And Tumor Genetics, Clinical Chemistry, Medical Microbiology And Cytology, Other Esoteric Tests

3) By End-User: Pharmaceutical Companies, Academic And Research Institutes, Biotechnology Companies

Subsegments:

1) By Genetic Services: DNA Sequencing, Genotyping, Gene Expression Analysis

2) By Biomarker Services: Biomarker Discovery, Biomarker Validation, Pharmacodynamic Biomarker Testing

3) By Microbiology Services: Bacterial Identification and Susceptibility Testing, Virology Testing, Mycology and Parasitology Testing

4) By Anatomic Pathology or Histology: Tissue Sample Analysis, Immunohistochemistry (IHC), Slide Preparation and Staining

5) By Specimen Management and Storage: Biorepository Services, Sample Collection and Handling, Long-Term Sample Storage

6) By Special Chemistry Services: Toxicology Testing, Metabolomics, Hormonal Assays

7) By Other Service Types: Hematology Testing, Coagulation Testing, Flow Cytometry Services

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=7317&type=smp

Which Areas Are Leading Regions in the Central Lab Market Expansion Across the Globe?

North America was the largest region in the central lab market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the central lab market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Are the Strategic Trends Steering theCentral Lab Market Direction?

Leading firms in the central lab market are shifting their focus towards innovations like comprehensive diagnostic services to improve cancer detection and treatment. This refers to an extensive array of medical exams and assessments intended to identify and diagnose a variety of health conditions. For example, Karkinos Healthcare, a health company based in India specializing in innovative solutions for cancer care, inaugurated the Advanced Centre for Cancer Diagnostics and Research in June 2022. The facility serves as a central lab for global cancer networks, placing an emphasis on molecular and genomic analysis to augment personalized targeted therapy and predict therapeutic responses. The facility also provides comprehensive diagnostic services such as histopathology and gene sequencing, aiming to enhance early identification and treatment possibilities.

View the full report here:

https://www.thebusinessresearchcompany.com/report/central-lab-global-market-report

How Is the Central Lab Market Conceptually Defined?

Central lab is a lab that provides bundled services where all of the samples from the trial’s clinical locations are submitted. This ensures that the results and analysis are consistent.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7317

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model