The Business Research Company’s Central Lab Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Central Lab Global Market Report 2023 evaluates central lab market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global central lab market size grew from $2.52 billion in 2022 to $2.74 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global central lab is expected to grow to $3.64 billion in 2027 at a CAGR of 7.3%.
The central lab market segments in the report are:
1) By Service Type: Genetic Services, Biomarker Services, Microbiology Services, Anatomic Pathology or Histology, Specimen Management And Storage, Special Chemistry Services, Other Service Types
2) By Test Type: Human And Tumor Genetics, Clinical Chemistry, Medical Microbiology And Cytology, Other Esoteric Tests
3) By End-User: Pharmaceutical Companies, Academic And Research Institutes, Biotechnology Companies
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The table of contents in TBRC’s central lab market report includes:
1. Executive Summary
2. Central Lab Market Characteristics
3. Central Lab Market Trends And Strategies
4. Central Lab Market - Macro Economic Scenario
5. Central Lab Market Size And Growth
….
26. Africa Central Lab Market
27. Central Lab Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Central Lab Market
29. Central Lab Market Future Outlook and Potential Analysis
30. Appendix
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According to the report, the global central lab market was valued over US$ 2.4 Bn in 2019 and is projected to expand at a CAGR of ~6% from 2020 to 2030.
A biomarker helps to increase the drug’s performance in patients receiving treatment in clinical trials.
The increase in risk of genetic disorders is likely to drive the segment during the forecast period.Request Customization on Central Lab Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=78052Pharmaceuticals to be Highly End UserIn terms of end user, the global central lab market has been categorized into pharmaceutical companies, biotechnology companies, and academic & research institutes.
The pharmaceutical companies segment accounted for a prominent share of the global central lab market in 2019, as these companies focus on reducing cost of development & manufacturing of products, and central lab services are most commonly outsourced services by these companies.
The segment is expected to expand at a CAGR of 3.9% from 2020 to 2030.North America to Dominate Central Lab MarketThe global central lab market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America’s large market share can be ascribed to significant healthcare expenditure, early availability of new products, and increase in research activities.
Central Lab Services Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Global Central Lab Services Market industry with an attention on the Global market.
Hospitals based lab, clinic-based lab and standalone lab are the three types of lab facilities where various tests are carried out.
Growing governments' spending coupled with advancement in technology is bolstering the demand for central lab services amid stringent government regulation playing a crucial role.
Market Trends:Advancements in Central Lab Services TechnologiesFocus on Reducing Errors Using Innovative Tools Market Drivers:Growing Focus on Cost-effective Medicine DevelopmentRising Aging Population Increasing Number of Preventive Health Check-ups Market Challenges:Lack of Skilled Expertise to Operate Lab Services Market Restraints:High Initial Cost Involved in Central Lab ServicesStringent Regulatory Guidelines From FDA Regrading Maintenance of Precision This research report represents a 360-degree overview of the competitive landscape of the Global Central Lab Services Market.
)North America (United States, Mexico & Canada)South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.
)Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.
