Laboratory Testing Services Market Report 2025

The laboratory testing services market size has grown strongly in recent years. It will grow from $107.18 billion in 2024 to $113.15 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to increasing regulatory compliance, globalization of trade, rise in chronic diseases, environmental concerns, quality assurance in food and beverage industry.

The laboratory testing services market size is expected to see strong growth in the next few years. It will grow to $139.66 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increased focus on precision medicine, rapid growth in diagnostic testing, global supply chain challenges, increased outsourcing of testing services, growing importance of environmental testing. Major trends in the forecast period include emerging technologies, pharmaceutical and biotechnology advances, technological advancements, collaboration and partnerships, focus on precision medicine, rise in outsourcing.

The increasing prevalence of chronic and infectious diseases is expected to drive the growth of the laboratory testing services market in the future. Chronic disease refers to a health condition that typically persists for three months or longer and may worsen over time. Laboratory testing services are essential for monitoring various chronic illnesses and ensuring the quality and performance of new products during design, maintaining quality during manufacturing, calibrating measuring devices, and analyzing failures to identify causes and prevent future occurrences. For example, in July 2022, the Centers for Disease Control and Prevention, a US national public health agency, reported that 6 out of 10 US adults have chronic diseases, with four out of ten of these individuals suffering from more than two chronic conditions, such as chronic lung cancer, heart disease, stroke, and diabetes. Additionally, in August 2024, the UK Health Security Agency, a UK executive agency, reported 368 cases of measles in England in 2023, representing a nearly sevenfold increase from the 53 cases in 2022, with the West Midlands and London accounting for 44% and 33% of the cases, respectively. Therefore, the rising incidence of chronic and infectious diseases is fueling the growth of the laboratory testing services market.

The expansion of international trade is expected to enhance the growth of the laboratory testing services market in the future. International trade refers to the exchange of goods and services between countries across national borders for economic advantage. Laboratory testing services in international trade help ensure compliance with quality standards, regulatory requirements, and product specifications, facilitating smooth cross-border transactions. For instance, in October 2024, the Bureau of Economic Analysis (BEA), a US federal statistical agency, reported that in August 2024, exports rose to $271.8 billion, an increase of $5.3 billion from July. Meanwhile, the year-to-date goods and services deficit grew by $47.1 billion (8.9 percent) compared to 2023, driven by a $79 billion (3.9 percent) increase in exports and a $126.1 billion (4.9 percent) rise in imports. Therefore, the growth of international trade is contributing to the development of the laboratory testing services market.

Technological advancements have become a prominent trend gaining traction in the laboratory testing services market. Leading companies in the sector are actively pursuing the development of innovative technologies to enhance their market standing. As an illustration, in October 2022, Q2 Solutions, a subsidiary of IQVIA, a US-based clinical trial laboratory services company, introduced its inaugural self-collection safety lab panel. Distinguished by innovative self-collection technology, patient-centric logistics, and top-tier laboratory services, this novel panel is specifically designed to measure concentrations of specific proteins and enzymes in the blood, aiding in the monitoring of liver function.

Key players in the laboratory testing services market are concentrating on offering testing services that utilize equipment such as compact electromagnetic interference (EMI) test receivers, providing a compact and effective solution for accurate EMI measurements, which enhances product certification and compliance testing in laboratories. A compact EMI test receiver is a lightweight, portable device designed to measure electromagnetic interference (EMI) emissions from electronic devices, ensuring adherence to relevant standards by delivering essential functionalities. For example, in March 2023, Rohde & Schwarz, a technology company based in Germany, introduced the R&S EPL1000, a new EMI test receiver. This receiver is engineered for efficient emission measurements up to 30 MHz. The new instrument complies with CISPR 16-1-1, making it suitable for certification measurements while reducing uncertainty in pre-compliance tasks. The R&S EPL1000 is especially effective for conducted voltage and current emission measurements, aligning with ISO, EN, CISPR, and FCC standards.

In June 2022, Bureau Veritas, a company based in France that specializes in testing, inspection, and certification, finalized the acquisition of the Advanced Testing Laboratory for an undisclosed sum. This strategic move allowed Bureau Veritas to expedite the expansion of its division into novel markets and service models specifically tailored for consumer products. Advanced Testing Laboratory, situated in the United States, is a company known for delivering scientific sourcing services.

Major companies operating in the laboratory testing services market include Abbott Laboratories, Siemens Medical Solutions USA Inc., Laboratory Corporation of America Holdings, Quest Diagnostics Inc., Eurofins Scientific SE, SGS US Testing Co Inc., Sonic Healthcare Limited, Bureau Veritas S.A., Charles River Laboratories International Inc., SYNLAB International GmbH, Intertek Group plc, Covance Inc., Underwriters Laboratories Inc., ARUP Laboratories Inc., ALS Limited, QIAGEN N.V., Acuren Group Inc., Cerba HealthCare SAS, OPKO Health Inc., Bio-Reference Laboratories Inc., NeoGenomics Laboratories Inc., Exova Group plc, Silliker Inc., Mérieux NutriSciences S.A., Microbac Laboratories Inc., US BioTek Laboratories, American Testing Lab Inc., Unilabs Holding A/S, Element Materials Technology Limited.

North America was the largest region in the laboratory testing services market in 2024. Asia-Pacific is expected to be the global laboratory testing services market report fastest-growing region in the forecast period. The regions covered in the laboratory testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the laboratory testing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Laboratory testing services involve conducting medical procedures or tests in a sterile environment equipped with the necessary tools, materials, and skilled personnel.

Laboratory testing services encompass several key test types, including clinical chemistry, immunology, cytology, genetics, microbiology, and hematology. These services play a crucial role in identifying and quantifying different chemicals in blood and urine, with clinical chemistry collections being the most commonly analyzed. The applications of laboratory testing services are diverse, spanning bioanalytical and lab chemistry services, toxicology testing services, cell and gene therapy-related services, preclinical and clinical trial-related services, drug discovery and development-related services, among others. These services are offered by stand-alone laboratories, hospital-based laboratories, contract research organizations, and other entities.

The laboratory testing services market research report is one of a series of new reports that provides laboratory testing services market statistics, including laboratory testing services industry global market size, regional shares, competitors with a laboratory testing services market share, detailed laboratory testing services market segments, market trends, and opportunities, and any further data you may need to thrive in the laboratory testing services industry. This laboratory testing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The laboratory testing services market includes revenues earned by entities from pathogen testing services, biological testing services, toxicology laboratory testing services, and N95 mask laboratory testing services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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