Clinical Reference Laboratory Service Industry Report: Competitive Landscape and Future Prospects

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The Business Research Company's Clinical Reference Laboratory Service Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034

LONDON, GREATER LONDON, UNITED KINGDOM, September 11, 2025 /EINPresswire.com/ -- "Get 30% Off All Global Market Reports With Code ONLINE30 – Stay Ahead Of Trade Shifts, Macroeconomic Trends, And Industry Disruptors

What Is The Projected Market Size & Growth Rate Of The Clinical Reference Laboratory Service Market?
The market size of the clinical reference laboratory services has seen robust expansion over the recent past. It is projected to rise from $17.28 billion in 2024 up to $18.98 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%. This substantial growth pattern in the historic phase is largely due to the surge in demand for diagnostic tests, escalating prevalence of chronic illnesses, increased appetite for customized medicine, heightened consciousness about health and wellness, as well as the growth in the delegation of diagnostic services.

Anticipations are high for a substantial surge in the clinical reference laboratory service market in the forthcoming years, with projections placing the market's worth at $27.32 billion by 2029, increasing at a compound annual growth rate (CAGR) of 9.5%. This growth within the forecast period is linked to the escalating number of infection-related diseases, a surge in point-of-care testing acceptance, a rise in preventive healthcare measures, the broadening scope of telemedicine and home-based testing as well as the increased demand for genomic testing. The upcoming period forecasts a host of trends including lab testing technological improvements, advancements in molecular diagnostics, incorporation of artificial intelligence in lab processes, innovation in diagnostic testing technology, and the progression of next-generation sequencing technologies.

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What Is The Crucial Factor Driving The Global Clinical Reference Laboratory Service Market?
The surge in personalized medicine is projected to drive the expansion of the clinical reference laboratory service market in the future. This kind of medicine is based on a medical model that considers a person's genetic information and lifestyle conditions to provide individualized treatments and healthcare. The popularity of personalized medicine is growing as people opt for healthcare options more suited to their unique genetic composition and environmental influences. In this regard, clinical reference laboratory services play a pivotal role, facilitating accurate genetic testing and pharmacogenomic analysis to customize treatments to individual genetic profiles. Evidence of this was seen in February 2023 when the Personalized Medicine Coalition, a professional organization from the United States, reported that in 2022, there were 12 new personalized medicine approvals, which accounted for approximately 34% of all fresh therapies approved - a significant growth from past years. Hence, the escalation in demand for personalized medicine is propelling the expansion of the clinical reference laboratory service market.

Who Are The Emerging Players In The Clinical Reference Laboratory Service Market?
Major players in the Clinical Reference Laboratory Service Global Market Report 2025 include:
• Laboratory Corporation of America Holdings
• Mayo Clinic Laboratories
• Quest Diagnostics Incorporated
• Eurofins Scientific S.E.
• Sonic Healthcare Limited
• Charles River Laboratories International Inc.
• Acıbadem Healthcare Group
• SYNLAB International GmbH
• OPKO Health Inc.
• Unilabs AB

What Are The Future Trends Of The Clinical Reference Laboratory Service Market?
Leading organizations within the clinical reference laboratory service market are prioritizing improvements in diagnostic technologies like next-generation laboratory automation to boost precise testing, systemize operations, and reduce testing time. This type of laboratory automation involves using innovative technologies such as robotics, artificial intelligence (AI), machine learning, and data analytics to make laboratory processes more efficient. For example, In May 2025, Apollo Diagnostics, a company based in India that offers comprehensive diagnostic and pathology testing services, inaugurated the fully automatic Digi-Smart central reference laboratory in Chennai. This newly established facility covers 45,000 square feet and aims to cut down laboratory sample processing time by 60%. It provides several sophisticated features intended to upgrade diagnostic accuracy and fineness. The facility, armed with state-of-the-art robotics and next-generation laboratory automation, assures uninterrupted sample handling with least human interaction. It incorporates AI-driven diagnostic instruments, real-time data monitoring, and a complete digital workflow administration, leading to swift processing times, augmented precision, and fewer mistakes. The newly launched lab also accommodates high-capacity testing, allowing it to deal with a high volume of diagnostic samples effectively while adhering to rigid quality measures.

What Segments Are Covered In The Clinical Reference Laboratory Service Market Report?
The clinical reference laboratory service market covered in this report is segmented
1) By Service Type: Clinical Chemistry, Hematology, Microbiology, Cytology, Genetic Testing, Other Service Types
2) By Sample Type: Blood Samples, Urine Samples, Tissue Samples, Saliva Samples, Other Sample Types
3) By Technology: Laboratory Information Systems (LIS), Automated Laboratory Equipment, Point-Of-Care Testing, Other Technologies
4) By Application: Disease Diagnosis, Drug Development, Precision Medicine, Other Applications
5) By End User: Hospitals, Diagnostic Laboratories, Academic Institutes, Pharmaceutical Companies

Subsegments:
1) By Clinical Chemistry: Blood Glucose Testing, Electrolyte Panels, Liver Function Tests, Renal Function Panels
2) By Hematology: Complete Blood Count (CBC), Coagulation Tests, Hemoglobin Testing, Erythrocyte Sedimentation Rate (ESR)
3) By Microbiology: Bacterial Culture And Sensitivity Testing, Viral Detection Assays, Fungal Diagnostics, Parasitology Tests
4) By Cytology: Pap Smears, Fine-Needle Aspiration Cytology (FNAC), Fluid Cytology (E.G., Pleural, Ascitic), Liquid-Based Cytology
5) By Genetic Testing: Carrier Screening, Predictive And Pre-Symptomatic Testing, Pharmacogenomics, Whole Genome Or Exome Sequencing
6) By Other Service Types: Immunology Or Serology, Toxicology Screening, Allergy Testing, Drug Of Abuse Testing

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Which Region Is Projected To Hold The Largest Market Share In The Global Clinical Reference Laboratory Service Market?
In 2024, North America dominated the Clinical Reference Laboratory Service Global Market Report 2025. Furthermore, Asia-Pacific is anticipated to experience the most rapid growth during the forecast period. The report encompasses various regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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