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North America Diagnostic Labs Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - By Lab Type (Single/Independent Laboratories, Hospital-Based Labs, Physician Office Labs, And Others), Testing Services [Physiological Function Testing (ECG, Echo, X-ray, Endoscopy, CT, MRI, and Others), COVID-19 Testing, General and Clinical Testing, Esoteric Testing, Specialized Testing, Non-invasive Prenatal Testing, and Others], and Revenue Source (Healthcare Plan Operators and Insurers, Out-of-Pocket, and Public System)
Market Report I 2022-09-16 I 152 Pages I The Insight Partners
The North America diagnostic labs market is expected to grow from US$ 122.09 billion in 2022 to US$ 189.67 billion by 2028. it is estimated to grow at a CAGR of 7.6% from 2021 to 2028.
The increase in chronic diseases also fuels the need for healthcare systems. Clinical diagnostics have, thus, proven beneficial in the states with prevalent chronic diseases and are valuable in disease prevention, detection, and treatment. Clinical diagnostics help identify early warning signs and individual risk factors and create new opportunities for prevention and early intervention. Therefore, the rising incidence of chronic diseases is expected to propel the overall market further. It is estimated that the US will experience significant growth due to its high burden of chronic diseases, which requires support from clinical laboratory services for efficient treatment and patient care. For example, according to the National Center for Biotechnology Information (NCBI), 45.0% of the US population, i.e., 133 million people, suffered from at least one chronic disease in 2018. In addition, the Centers for Disease Control and Prevention (CDC) states that 4 out of 10 adults in the US have 2 or more chronic diseases, and 6 out of 10 adults have one chronic disease.
Chronic diseases, such as cancer, heart disease, and diabetes, are the leading causes of death and disability in the US. They are the main drivers of the US healthcare industry. This has led to higher demand for better treatment with efficient management, further driving the market in the US. The rising number of COVID-19 infections has led to increased funding and tests, which has boosted the overall market growth. Many tests were carried out worldwide to identify the infected person and stop the spread of SARS-CoV-2. Various testing laboratories entered the market and significantly contributed to further growth. Thus, the increasing number of tests due to the constant increase in patient numbers and government funding is expected to surge the demand for various disease testing and propel the overall diagnostic labs market growth exponentially over the next few years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America diagnostic labs market growth at a notable CAGR during the forecast period.
North America Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion)
North America Diagnostic Labs Market Segmentation
The North America diagnostic labs market is segmented on the basis of lab type, testing services, revenue source, and country. Based on lab type, the market is segmented into single/independent laboratories, hospital-based labs, physician office labs, and others. Based on testing services, the market is divided into physiological function testing, covid-19 testing, general and clinical testing, esoteric testing, specialized testing, non-invasive prenatal testing, and others. By physiological testing services, the market is segmented into ECG, Echo, X-ray, endoscopy, CT, MRI, and others. Based on revenue source, the market is divided into healthcare plan operators and insurers, out-of-pocket, and public systems. Based on country, the regional market is segmented into the US, Mexico, and Canada.
North America Diagnostic Labs Market -Companies Mentioned
Quest Diagnostics Incorporated; Eurofins Scientific; Laboratory Corporation of America Holdings; Exact Sciences Laboratories LLC; SYNLAB International GmbH; Dasa Labs; Bio Reference; Sonic Healthcare Limited; and Healius Limited are a few major companies operating in the North America diagnostic labs market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Diagnostic Labs Market - By Lab Type
1.3.2 North America Diagnostic Labs Market - By Testing Services
1.3.3 North America Diagnostic Labs Market - By Revenue Source
1.3.4 North America Diagnostic Labs Market - By Country
2. North America Diagnostic Labs Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Diagnostic Labs Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.3 Expert Opinion
5. North America Diagnostic Labs Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Chronic Diseases
5.1.2 Increasing Use of Point-of-Care Diagnostics
5.2 Market Restraints
5.2.1 Shortage of Skilled Professionals
5.3 Market Opportunities
5.3.1 Increasing Adoption of Automated Platforms
5.4 Future Trends
5.4.1 Growing Developments in Diagnostics Laboratories
6. North America Diagnostic Labs Market- Country Analysis
6.1 North America Diagnostic Labs Market Revenue Forecast and Analysis
6.1.1 North America: North America Diagnostic Labs Market, 2019-2028 (US$ Billion)
7. North America Diagnostic Labs Market Revenue and Forecast to 2028 - by Lab Type
7.1 Overview
7.2 North America Diagnostic Labs Market, by Lab Type 2022 & 2028 (%)
7.2.1 North America: North America Diagnostic Labs Market, By Lab Type, 2019-2028 (US$ Billion)
7.3 Hospital-based Labs
7.3.1 Overview
7.3.2 Hospital-based Labs: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
7.4 Single/Independent Laboratories
7.4.1 Overview
7.4.2 Single/Independent Laboratories: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
7.5 Physician Office Labs (POL)
7.5.1 Overview
7.5.2 Physician Office Labs: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
7.6 Others
7.6.1 Overview
7.6.2 Others: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8. North America Diagnostic Labs Market Revenue and Forecast to 2028 - by Testing Services
8.1 Overview
8.2 North America Diagnostic Labs Market Revenue Share, by Testing Services (2022 and 2028)
8.2.1.1 North America: North America Diagnostic Labs Market, by Testing Services, 2019-2028 (US$ Billion)
8.2.2 North America: North America Diagnostic Labs Market, By Physiological Function Testing, 2019-2028 (US$ Billion)
8.3 Physiological Function Testing
8.3.1 Overview
8.3.2 Physiological Function Testing: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.3 Endoscopy Market
8.3.3.1 Overview
8.3.3.2 Endoscopy Market: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.4 X-Ray Market
8.3.4.1 Overview
8.3.4.2 X-Ray Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.5 CT Market
8.3.5.1 Overview
8.3.5.2 CT Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.6 ECG Market
8.3.6.1 Overview
8.3.6.2 ECG Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.7 MRI Market
8.3.7.1 Overview
8.3.7.2 MRI Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.8 Echo Market
8.3.8.1 Overview
8.3.8.2 Echo Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.3.9 Others
8.3.9.1 Overview
8.3.9.2 Others: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.4 COVID-19 Testing
8.4.1 Overview
8.4.2 COVID-19 Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.5 General and Clinical Testing
8.5.1 Overview
8.5.2 General and Clinical Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.6 Esoteric Testing
8.6.1 Overview
8.6.2 Esoteric Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.7 Specialized Testing
8.7.1 Overview
8.7.2 Specialized Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.8 Non-invasive Prenatal Testing
8.8.1 Overview
8.8.2 Non-Invasive Prenatal Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
8.9 Others
8.9.1 Overview
8.9.2 Others: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
9. North America Diagnostic Labs Market Revenue and Forecast to 2028 - by Revenue Source
9.1 Overview
9.2 North America Diagnostic Labs Market Revenue Share, by Revenue Source (2022 and 2028)
9.2.1 North America: North America Diagnostic Labs Market, by Revenue Source, 2019-2028 (US$ Billion)
9.3 Healthcare Plan Operators and Insurers
9.3.1 Overview
9.3.2 Healthcare Plan Operators and Insurers: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
9.4 Out-of-Pocket
9.4.1 Overview
9.4.2 Out-of-Pocket: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
9.5 Public System
9.5.1 Overview
9.5.2 Public System: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10. North America Diagnostic Labs Market Revenue and Forecast to 2028- by Country
10.1 North America: North America Diagnostic Labs Market Revenue and Forecasts To 2028
10.1.1 Overview
10.1.3 North America: North America Diagnostic Labs Market, by Country, 2022 & 2028 (%)
10.1.3.1 US: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.1.1 Overview
10.1.3.1.2 US: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.1.3 US: North America Diagnostic Labs Market, By Lab Type, 2019-2028 (US$ Billion)
10.1.3.1.4 US: North America Diagnostic Labs Market, by Testing Services, 2019-2028 (US$ Billion)
10.1.3.1.5 US: North America Diagnostic Labs Market, By Physiological Function Testing, 2019-2028 (US$ Billion)
10.1.3.1.6 US: North America Diagnostic Labs Market, by Revenue Source, 2019-2028 (US$ Billion)
10.1.3.2 Canada: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.2.1 Overview
10.1.3.2.2 Canada: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.2.3 Canada: North America Diagnostic Labs Market, By Lab Type, 2019-2028 (US$ Billion)
10.1.3.2.4 Canada: North America Diagnostic Labs Market, by Testing Services, 2019-2028 (US$ Billion)
10.1.3.2.5 Canada: North America Diagnostic Labs Market, By Physiological Function Testing, 2019-2028 (US$ Billion)
10.1.3.2.6 Canada: North America Diagnostic Labs Market, by Revenue Source, 2019-2028 (US$ Billion)
10.1.3.3 Mexico: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.3.1 Overview
10.1.3.3.2 Mexico: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.3.3.3 Mexico: North America Diagnostic Labs Market, By Lab Type, 2019-2028 (US$ Billion)
10.1.3.3.4 Mexico: North America Diagnostic Labs Market, by Testing Services, 2019-2028 (US$ Billion)
10.1.3.3.5 Mexico: North America Diagnostic Labs Market, By Physiological Function Testing, 2019-2028 (US$ Billion)
10.1.3.3.6 Mexico: North America Diagnostic Labs Market, by Revenue Source, 2019-2028 (US$ Billion)
11. North America Diagnostic Labs Market-Industry Landscape
11.1 Overview
11.2 Growth Strategies in the North America Diagnostic Labs Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Quest Diagnostics Incorporated
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Eurofins Scientific
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Laboratory Corporation of America Holdings
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Exact Sciences Laboratories LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SYNLAB International GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Dasa Labs
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 BioReference
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sonic Healthcare Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Healius Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Table 2. North America: North America Diagnostic Labs Market, By Lab Type - Revenue and Forecast to 2028 (US$ Billion)
Table 3. North America: North America Diagnostic Labs Market, by Testing Services - Revenue and forecast to 2028 (US$ Billion)
Table 4. North America: North America Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)
Table 5. North America: North America Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)
Table 6. US: North America Diagnostic Labs Market, By Lab Type - Revenue and Forecast to 2028 (US$ Billion)
Table 7. US: North America Diagnostic Labs Market, by Testing Services - Revenue and forecast to 2028 (US$ Billion)
Table 8. US: North America Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)
Table 9. US: North America Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)
Table 10. Canada: North America Diagnostic Labs Market, By Lab Type - Revenue and Forecast to 2028 (US$ Billion)
Table 11. Canada: North America Diagnostic Labs Market, by Testing Services - Revenue and forecast to 2028 (US$ Billion)
Table 12. Canada: North America Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)
Table 13. Canada: North America Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)
Table 14. Mexico: North America Diagnostic Labs Market, By Lab Type - Revenue and Forecast to 2028 (US$ Billion)
Table 15. Mexico: North America Diagnostic Labs Market, by Testing Services - Revenue and forecast to 2028 (US$ Billion)
Table 16. Mexico: North America Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)
Table 17. Mexico: North America Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)
Table 18. Organic Developments in the North America Diagnostic Labs Market
Table 19. Inorganic Developments in the North America Diagnostic Labs Market
Table 20. Glossary of Terms, North America Diagnostic Labs Market
LIST OF FIGURES
Figure 1. North America Diagnostic Labs Market Segmentation
Figure 2. North America Diagnostic Labs Market Overview
Figure 3. Hospital-Based Labs Segment Held Largest Share by Lab Type in Diagnostic Labs market
Figure 4. Mexico Is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. North America: PEST Analysis
Figure 6. North America Diagnostic Labs Market Impact Analysis of Driver and Restraints
Figure 7. North America Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion)
Figure 8. North America Diagnostic Labs Market, by Lab Type 2022 & 2028 (%)
Figure 9. Hospital-based Labs: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 10. Single/Independent Laboratories: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 11. Physician Office Labs: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 12. Others: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 13. North America Diagnostic Labs Market Revenue Share, by Testing Services (2022 and 2028)
Figure 14. Physiological Function Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 15. Endoscopy Market: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 16. X-Ray Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 17. CT Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 18. ECG Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 19. MRI Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Echo Market: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Others: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 22. COVID-19 Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 23. General and Clinical Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 24. Esoteric Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 25. Specialized Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 26. Non-Invasive Prenatal Testing: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 27. Others: Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 28. North America Diagnostic Labs Market Revenue Share, by Revenue Source (2022 and 2028)
Figure 29. Healthcare Plan Operators and Insurers: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Out-of-Pocket: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Public System: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 32. North America Diagnostic Labs Market, by Key Country - Revenue (2022) (US$ Billion)
Figure 33. North America: Doxorubicin Market, by Country, 2022 & 2028 (%)
Figure 34. US: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 35. Canada: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 36. Mexico: North America Diagnostic Labs Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 37. Growth Strategies in the North America Diagnostic Labs Market (%)
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