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Central Lab Market Growth & Trends:
The global central lab market size is expected to reach USD 5.05 billion by 2030, expanding at a CAGR of 6.44% from 2024 to 2030, according to a new report by Grand View Research, Inc. It is estimated to register a CAGR of 6.50% during the forecast period, driven by the increasing investment in R&D and increased focus of sponsors & investigators on reducing research costs. The outsourcing of central lab work is a significant factor driving the market growth.
Outsourcing central lab work is a rising trend in the clinical trial industry, which is expected to create lucrative business opportunities for central labs. The investigators and sponsors outsource ~80% of the central lab work and prefer the labs that provide end-to-end integrated services.
Investment in R&D has witnessed a surge in past years, which can be attributed to the enhanced focus on the pharmaceutical industry during the pandemic. As we enter the third year of the pandemic, investment in science has enhanced the pipeline and several clinical trials have been initiated. Over the pandemic, activity in interventional studies grew steadily. The pharmaceutical industry developed a new way of conducting trials for the management of ongoing clinical trials during the pandemic.
The pandemic has also created new growth opportunities, with an increasing focus on mRNA vaccine development and investigations for several COVID-19 treatment options. However, sample handling, supply chain, and logistics play a significant role in the sample sent to clinical labs. These samples are highly sensitive and require fast logistics with temperature control, thereby maintaining sample stability to get the most accurate results.
The rise of small- and medium-scale central laboratories is intensifying the competition globally. The presence of small- and medium-scale central labs is highly prominent in developing regions such as the Asia Pacific. These laboratories are becoming critical in the management of clinical trials globally owing to the availability of central laboratory services at 20%-35% lower prices, when compared to Europe and the U.S. Furthermore, the lower cost of conducting clinical trials in the developing economies facilitates the selection of central laboratories present in these regions, which can be attributed to lower logistic costs and presence near the trial location.
Central Lab Market Report Highlights:
- The genetic services segment is anticipated to grow at the fastest growth rate, owing to the increasing significance of genetic analysis in clinical studies
- Strategic acquisitions are one of the factors influencing the changing dynamics of the market. For instance, players are acquired by medium and large-scale enterprises for enhancing their global reach and entering new business segments
- Pharmaceutical companies held the largest market share by end-use, attributable to an increasing number of interventional studies and investment into research
- North America dominated the global market in 2023, the increasing need for genetic testing in clinical trials related to personalized healthcare in disease areas, such as diabetes & cancers
- Key players in the market include ACM Global Laboratories, Labconnect, Cerba Research, Eurofins Scientific, Medicover Integrated Clinical Services, and Versiti
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation
- 1.1.1. Market Definitions
- 1.2. Objectives
- 1.2.1. Objective - 1
- 1.2.2. Objective - 2
- 1.2.3. Objective - 3
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.5. Information or Data Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity Flow Analysis
- 1.8. List Of Secondary Sources
- 1.9. List of Abbreviations
- 1.10. List of Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Segmentation and Scope
- 3.2. Market Lineage Outlook
- 3.2.1. Parent Market Outlook
- 3.2.2. Related/Ancillary Market Outlook
- 3.3. Market Dynamics
- 3.4. Market Drivers
- 3.4.1. Rising R&D investment in clinical trial
- 3.4.2. Escalating demand for novel drugs
- 3.4.3. Outsourcing of central lab work
- 3.4.4. Reducing the cost of drug research
- 3.5. Market Restraint Analysis
- 3.5.1. Logistics and sample handling
- 3.6. Business Environment Analysis
- 3.6.1. SWOT Analysis; By Factor (Political & Legal, Economic And Technological)
- 3.6.2. Porter's Five Forces Analysis
- 3.6.3. COVID-19 Impact Analysis
Chapter 4. Service Business Analysis
- 4.1. Central Lab Market: Service Movement Analysis
- 4.2. Genetic Services
- 4.2.1. Genetic Services Central Lab Market, 2018 - 2030 (USD Million)
- 4.3. Biomarker Services
- 4.3.1. Biomarker Services Central Lab Market, 2018 - 2030 (USD Million)
- 4.4. Microbiology Services
- 4.4.1. Microbiology Services Central Lab Market, 2018 - 2030 (USD Million)
- 4.5. Anatomic Pathology/Histology
- 4.5.1. Anatomic Pathology/Histology Central Lab Market, 2018 - 2030 (USD Million)
- 4.6. Specimen Management and Storage
- 4.6.1. Specimen Management and Storage Central Lab Market, 2018 - 2030 (USD Million)
- 4.7. Special Chemistry Services
- 4.7.1. Special Chemistry Services Central Lab Market, 2018 - 2030 (USD Million)
- 4.8. Others
- 4.8.1. Others Central Lab Market, 2018 - 2030 (USD Million)
Chapter 5. End Use Business Analysis
- 5.1. Central Lab Market: End-Use Movement Analysis
- 5.2. Pharmaceutical Companies
- 5.2.1. Pharmaceutical Companies Market, 2018 - 2030 (USD Million)
- 5.3. Biotechnology Companies
- 5.3.1. Biotechnology Companies Market, 2018 - 2030 (USD Million)
- 5.4. Academic and Research Institutes
- 5.4.1. Academic and Research Institutes Market, 2018 - 2030 (USD Million)
Chapter 6. Regional Business Analysis
- 6.1. Central Lab Market Share By Region, 2023 & 2030
- 6.2. North America
- 6.2.1. North America Central lab market, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Key Country Dynamics
- 6.2.2.2. Target Disease Prevalence
- 6.2.2.3. Competitive Scenario
- 6.2.2.4. Regulatory Framework
- 6.2.2.5. Reimbursement Scenario
- 6.2.2.6. U.S. Central lab market, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Key Country Dynamics
- 6.2.3.2. Target Disease Prevalence
- 6.2.3.3. Competitive Scenario
- 6.2.3.4. Regulatory Framework
- 6.2.3.5. Reimbursement Scenario
- 6.2.3.6. Canada Central lab market, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Central lab market, 2018 - 2030 (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Key Country Dynamics
- 6.3.2.2. Target Disease Prevalence
- 6.3.2.3. Competitive Scenario
- 6.3.2.4. Regulatory Framework
- 6.3.2.5. Reimbursement Scenario
- 6.3.2.6. Germany Central lab market, 2018 - 2030 (USD Million)
- 6.3.3. UK
- 6.3.3.1. Key Country Dynamics
- 6.3.3.2. Target Disease Prevalence
- 6.3.3.3. Competitive Scenario
- 6.3.3.4. Regulatory Framework
- 6.3.3.5. Reimbursement Scenario
- 6.3.3.6. UK Central lab market, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. Key Country Dynamics
- 6.3.4.2. Target Disease Prevalence
- 6.3.4.3. Competitive Scenario
- 6.3.4.4. Regulatory Framework
- 6.3.4.5. Reimbursement Scenario
- 6.3.4.6. France Central lab market, 2018 - 2030 (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Key Country Dynamics
- 6.3.5.2. Target Disease Prevalence
- 6.3.5.3. Competitive Scenario
- 6.3.5.4. Regulatory Framework
- 6.3.5.5. Reimbursement Scenario
- 6.3.5.6. Italy Central lab market, 2018 - 2030 (USD Million)
- 6.3.6. Spain
- 6.3.6.1. Key Country Dynamics
- 6.3.6.2. Target Disease Prevalence
- 6.3.6.3. Competitive Scenario
- 6.3.6.4. Regulatory Framework
- 6.3.6.5. Reimbursement Scenario
- 6.3.6.6. Spain Central lab market, 2018 - 2030 (USD Million)
- 6.3.7. Denmark
- 6.3.7.1. Key Country Dynamics
- 6.3.7.2. Target Disease Prevalence
- 6.3.7.3. Competitive Scenario
- 6.3.7.4. Regulatory Framework
- 6.3.7.5. Reimbursement Scenario
- 6.3.7.6. Denmark Central lab market, 2018 - 2030 (USD Million)
- 6.3.8. Sweden
- 6.3.8.1. Key Country Dynamics
- 6.3.8.2. Target Disease Prevalence
- 6.3.8.3. Competitive Scenario
- 6.3.8.4. Regulatory Framework
- 6.3.8.5. Reimbursement Scenario
- 6.3.8.6. Sweden Central lab market, 2018 - 2030 (USD Million)
- 6.3.9. Norway
- 6.3.9.1. Key Country Dynamics
- 6.3.9.2. Target Disease Prevalence
- 6.3.9.3. Competitive Scenario
- 6.3.9.4. Regulatory Framework
- 6.3.9.5. Reimbursement Scenario
- 6.3.9.6. Norway Central lab market, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Central lab market, 2018 - 2030 (USD Million)
- 6.4.2. Japan
- 6.4.2.1. Key Country Dynamics
- 6.4.2.2. Target Disease Prevalence
- 6.4.2.3. Competitive Scenario
- 6.4.2.4. Regulatory Framework
- 6.4.2.5. Reimbursement Scenario
- 6.4.2.6. Japan Central lab market, 2018 - 2030 (USD Million)
- 6.4.3. China
- 6.4.3.1. Key Country Dynamics
- 6.4.3.2. Target Disease Prevalence
- 6.4.3.3. Competitive Scenario
- 6.4.3.4. Regulatory Framework
- 6.4.3.5. Reimbursement Scenario
- 6.4.3.6. China Central lab market, 2018 - 2030 (USD Million)
- 6.4.4. India
- 6.4.4.1. Key Country Dynamics
- 6.4.4.2. Target Disease Prevalence
- 6.4.4.3. Competitive Scenario
- 6.4.4.4. Regulatory Framework
- 6.4.4.5. Reimbursement Scenario
- 6.4.4.6. India Central lab market, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. Key Country Dynamics
- 6.4.5.2. Target Disease Prevalence
- 6.4.5.3. Competitive Scenario
- 6.4.5.4. Regulatory Framework
- 6.4.5.5. Reimbursement Scenario
- 6.4.5.6. South Korea Central lab market, 2018 - 2030 (USD Million)
- 6.4.6. Australia
- 6.4.6.1. Key Country Dynamics
- 6.4.6.2. Target Disease Prevalence
- 6.4.6.3. Competitive Scenario
- 6.4.6.4. Regulatory Framework
- 6.4.6.5. Reimbursement Scenario
- 6.4.6.6. Australia Central lab market, 2018 - 2030 (USD Million)
- 6.4.7. Thailand
- 6.4.7.1. Key Country Dynamics
- 6.4.7.2. Target Disease Prevalence
- 6.4.7.3. Competitive Scenario
- 6.4.7.4. Regulatory Framework
- 6.4.7.5. Reimbursement Scenario
- 6.4.7.6. Thailand Central lab market, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Central lab market, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Key Country Dynamics
- 6.5.2.2. Target Disease Prevalence
- 6.5.2.3. Competitive Scenario
- 6.5.2.4. Regulatory Framework
- 6.5.2.5. Reimbursement Scenario
- 6.5.2.6. Brazil Central lab market, 2018 - 2030 (USD Million)
- 6.5.3. Mexico
- 6.5.3.1. Key Country Dynamics
- 6.5.3.2. Target Disease Prevalence
- 6.5.3.3. Competitive Scenario
- 6.5.3.4. Regulatory Framework
- 6.5.3.5. Reimbursement Scenario
- 6.5.3.6. Mexico Central lab market, 2018 - 2030 (USD Million)
- 6.5.4. Argentina
- 6.5.4.1. Key Country Dynamics
- 6.5.4.2. Target Disease Prevalence
- 6.5.4.3. Competitive Scenario
- 6.5.4.4. Regulatory Framework
- 6.5.4.5. Reimbursement Scenario
- 6.5.4.6. Argentina Central lab market, 2018 - 2030 (USD Million)
- 6.6. MEA
- 6.6.1. MEA Central lab market, 2018 - 2030 (USD Million)
- 6.6.2. South Africa
- 6.6.2.1. Key Country Dynamics
- 6.6.2.2. Target Disease Prevalence
- 6.6.2.3. Competitive Scenario
- 6.6.2.4. Regulatory Framework
- 6.6.2.5. Reimbursement Scenario
- 6.6.2.6. South Africa Central lab market, 2018 - 2030 (USD Million)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Key Country Dynamics
- 6.6.3.2. Target Disease Prevalence
- 6.6.3.3. Competitive Scenario
- 6.6.3.4. Regulatory Framework
- 6.6.3.5. Reimbursement Scenario
- 6.6.3.6. Saudi Arabia Central lab market, 2018 - 2030 (USD Million)
- 6.6.4. UAE
- 6.6.4.1. Key Country Dynamics
- 6.6.4.2. Target Disease Prevalence
- 6.6.4.3. Competitive Scenario
- 6.6.4.4. Regulatory Framework
- 6.6.4.5. Reimbursement Scenario
- 6.6.4.6. UAE Central lab market, 2018 - 2030 (USD Million)
- 6.6.5. Kuwait
- 6.6.5.1. Key Country Dynamics
- 6.6.5.2. Target Disease Prevalence
- 6.6.5.3. Competitive Scenario
- 6.6.5.4. Regulatory Framework
- 6.6.5.5. Reimbursement Scenario
- 6.6.5.6. Kuwait Central lab market, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Participant's overview
- 7.2. Financial performance
- 7.3. Participant categorization
- 7.3.1. Market Leaders
- 7.3.2. Central Lab Market Share Analysis, 2023
- 7.3.3. Company Profiles
- 7.3.3.1. ACM Global Laboratories
- 7.3.3.1.1. Company Overview
- 7.3.3.1.2. Financial Performance
- 7.3.3.1.3. Product Benchmarking
- 7.3.3.1.4. Strategic Initiatives
- 7.3.3.2. LabConnect
- 7.3.3.2.1. Company Overview
- 7.3.3.2.2. Financial Performance
- 7.3.3.2.3. Product Benchmarking
- 7.3.3.2.4. Strategic Initiatives
- 7.3.3.3. Cerba Research
- 7.3.3.3.1. Company Overview
- 7.3.3.3.2. Financial Performance
- 7.3.3.3.3. Product Benchmarking
- 7.3.3.3.4. Strategic Initiatives
- 7.3.3.4. Eurofins Scientific
- 7.3.3.4.1. Company Overview
- 7.3.3.4.2. Financial Performance
- 7.3.3.4.3. Product Benchmarking
- 7.3.3.4.4. Strategic Initiatives
- 7.3.3.5. Versiti (Cenetron)
- 7.3.3.5.1. Company Overview
- 7.3.3.5.2. Financial Performance
- 7.3.3.5.3. Product Benchmarking
- 7.3.3.5.4. Strategic Initiatives
- 7.3.3.6. Medicover Integrated Clinical Services (MICS) (Synevo Central Labs)
- 7.3.3.6.1. Company Overview
- 7.3.3.6.2. Financial Performance
- 7.3.3.6.3. Product Benchmarking
- 7.3.3.6.4. Strategic Initiatives
- 7.3.3.7. A.P. Møller Holding A/S (Unilabs)
- 7.3.3.7.1. Company Overview
- 7.3.3.7.2. Financial Performance
- 7.3.3.7.3. Product Benchmarking
- 7.3.3.7.4. Strategic Initiatives
- 7.3.3.8. Ampersand Capital Partners (Pacific Biomarkers)
- 7.3.3.8.1. Company Overview
- 7.3.3.8.2. Financial Performance
- 7.3.3.8.3. Product Benchmarking
- 7.3.3.8.4. Strategic Initiatives
- 7.3.3.9. Lambda Therapeutic Research Ltd
- 7.3.3.9.1. Company Overview
- 7.3.3.9.2. Financial Performance
- 7.3.3.9.3. Product Benchmarking
- 7.3.3.9.4. Strategic Initiatives
- 7.3.3.10. CIRION BioPharma Research Inc.
- 7.3.3.10.1. Company Overview
- 7.3.3.10.2. Financial Performance
- 7.3.3.10.3. Product Benchmarking
- 7.3.3.10.4. Strategic Initiatives
- 7.3.4. Strategy Mapping
- 7.3.4.1. Expansion
- 7.3.4.2. Acquisition
- 7.3.4.3. Collaborations
- 7.3.4.4. Disease Type/Drug Class Launch
- 7.3.4.5. Partnerships
- 7.3.4.6. Others
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