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North America Laboratory Developed Tests Market Size, Share & Trends Analysis Report By Application, By Technology, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 124 Pages
  • June 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5982281
The North America Laboratory Developed Tests Market would witness market growth of 6.6% CAGR during the forecast period (2024-2031).

The US market dominated the North America Laboratory Developed Tests Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of$5.62 billion by 2031. The Canada market is experiencing a CAGR of 6.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.6% during (2024 - 2031).



LDTs find applications across various healthcare domains, spanning diagnostic testing, disease monitoring, therapeutic decision-making, and research. These tests are utilized in diverse clinical settings, including hospital laboratories, reference laboratories, academic research centers, and specialized diagnostic facilities. LDTs are used for the diagnosis of a wide range of diseases and conditions, including infectious diseases, cancer, cardiovascular disorders, autoimmune disorders, and genetic disorders.

In addition, LDTs play a critical role in patient stratification and personalized medicine by identifying molecular subtypes, treatment targets, and predictive biomarkers associated with differential treatment responses or disease outcomes. These tests facilitate selecting optimal treatment strategies tailored to individual patient characteristics, genetic profiles, and clinical contexts.

As healthcare expenditure increases in Canada, there is a corresponding rise in demand for diagnostic testing across various medical specialties and disease areas. According to the Canadian government, the provinces and territories will get an additional $46.2 billion in financing as part of a $196.1 billion ten-year investment by the government to enhance health care services for all Canadians. This brings the total amount of money it will spend over ten years from $198.6 billion to $12.5 billion for supporting indigenous goals and supplementary government support. Likewise, as cancer rates rise in Mexico, there is a growing demand for screening and diagnostic tests to detect cancer at early stages when treatment is most effective. Mexico’s third most common cause of death, according to All.Can, is cancer. In 2020, around 195,000 new cases were reported. The cancers with the highest prevalence were cervical (9,439), thyroid (11,227), colon (11,191), prostate (26.742), breast (29.929), and thyroid (11,227). Thus, rising healthcare spending and high cancer rates propel the market’s expansion.

Based on Application, the market is segmented into Oncology, Genetic Disorders/Inherited Disease, Infectious & Parasitic Diseases, Endocrine, Immunology, Nutritional & Metabolic Disease, Cardiology, Mental/Behavioral Disorder, Pediatrics-specific Testing, and Others. Based on Technology, the market is segmented into Molecular Diagnostics, Immunoassays, Hematology & Coagulation, Microbiology, Clinical Chemistry, Histology/Cytology, Flow Cytometry, Mass Spectroscopy, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Neogenomics, Inc.
  • Guardant Health, Inc.
  • Qiagen N.V
  • Quest Diagnostics Incorporated
  • Abbott Laboratories
  • Siemens Healthineers AG (Siemens AG)
  • Illumina, Inc.
  • Bio-Rad Laboratories, Inc.
  • F.Hoffmann-La Roche Ltd.
  • Eurofins Scientific SE

Market Report Segmentation

By Application
  • Oncology
  • Genetic Disorders/Inherited Disease
  • Infectious & Parasitic Diseases
  • Endocrine
  • Immunology
  • Nutritional & Metabolic Disease
  • Cardiology
  • Mental/Behavioral Disorder
  • Pediatrics-specific Testing
  • Others
By Technology
  • Molecular Diagnostics
  • Immunoassays
  • Hematology & Coagulation
  • Microbiology
  • Clinical Chemistry
  • Histology/Cytology
  • Flow Cytometry
  • Mass Spectroscopy
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Laboratory Developed Tests Market, by Application
1.4.2 North America Laboratory Developed Tests Market, by Technology
1.4.3 North America Laboratory Developed Tests Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Laboratory Developed Tests Market.
Chapter 5. North America Laboratory Developed Tests Market by Application
5.1 North America Oncology Market by Country
5.2 North America Genetic Disorders/Inherited Disease Market by Country
5.3 North America Infectious & Parasitic Diseases Market by Country
5.4 North America Endocrine Market by Country
5.5 North America Immunology Market by Country
5.6 North America Nutritional & Metabolic Disease Market by Country
5.7 North America Cardiology Market by Country
5.8 North America Mental/Behavioral Disorder Market by Country
5.9 North America Pediatrics-specific Testing Market by Country
5.1 North America Others Market by Country
Chapter 6. North America Laboratory Developed Tests Market by Technology
6.1 North America Molecular Diagnostics Market by Country
6.2 North America Immunoassays Market by Country
6.3 North America Hematology & Coagulation Market by Country
6.4 North America Microbiology Market by Country
6.5 North America Clinical Chemistry Market by Country
6.6 North America Histology/Cytology Market by Country
6.7 North America Flow Cytometry Market by Country
6.8 North America Mass Spectroscopy Market by Country
6.9 North America Others Market by Country
Chapter 7. North America Laboratory Developed Tests Market by Country
7.1 US Laboratory Developed Tests Market
7.1.1 US Laboratory Developed Tests Market by Application
7.1.2 US Laboratory Developed Tests Market by Technology
7.2 Canada Laboratory Developed Tests Market
7.2.1 Canada Laboratory Developed Tests Market by Application
7.2.2 Canada Laboratory Developed Tests Market by Technology
7.3 Mexico Laboratory Developed Tests Market
7.3.1 Mexico Laboratory Developed Tests Market by Application
7.3.2 Mexico Laboratory Developed Tests Market by Technology
7.4 Rest of North America Laboratory Developed Tests Market
7.4.1 Rest of North America Laboratory Developed Tests Market by Application
7.4.2 Rest of North America Laboratory Developed Tests Market by Technology
Chapter 8. Company Profiles
8.1 Neogenomics, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Guardant Health, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Qiagen N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Quest Diagnostics Incorporated
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Acquisition and Mergers:
8.4.5 SWOT Analysis
8.5 Abbott Laboratories
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Siemens Healthineers AG (Siemens AG)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.6 SWOT Analysis
8.7 Illumina, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segment and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Bio-Rad laboratories, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.6 SWOT Analysis
8.9 F. Hoffmann-La Roche Ltd.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Eurofins Scientific SE
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 SWOT Analysis

Companies Mentioned

  • Neogenomics, Inc.
  • Guardant Health, Inc.
  • Qiagen N.V
  • Quest Diagnostics Incorporated
  • Abbott Laboratories
  • Siemens Healthineers AG (Siemens AG)
  • Illumina, Inc.
  • Bio-Rad Laboratories, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Eurofins Scientific SE

Methodology

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