Report ID: UCMIG35A2809
Diagnostic Testing Market Size, Share, Growth Analysis, By Type(Clinical Diagnostic, Home Diagnostic), By Application(Cardiology, Oncology, Neurology, Orthopedics), By Approach(Molecular Diagnostic Instrument, In-Vitro Diagnostic Instrument, Point Of Care Testing Instrument), By Solution(Services, Products), By Technology(Immunoassay-Based, PCR-Based, Next-generation Sequencing, Spectroscopy-Based), By Mode of Testing(Prescription Based Testing, OTC Testing), By Sample Type(Urine, Saliva, Blood, Hair), By Testing Type(Biochemistry, Hematology, Microbiology, Histopathology), By Age(Pediatric, Adult & Geriatric), By Distribution Channel(Direct Tenders, Retail Sales, Online Sales), By End User(Hospitals, Diagnostic Center, Research Labs and Institutes, Research Institute), By Geography(North America, U.S., Canada, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG35A2809 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Diagnostic Testing Market Insights
Market Overview:
As of 2021, the global diagnostic testing market achieved a substantial valuation of USD 165.58 billion. This industry is poised for significant growth, with predictions indicating a remarkable ascent to approximately USD 348.75 billion by the year 2030. This growth trajectory is anticipated to be underscored by a compelling compound annual growth rate (CAGR) of 8.63% during the forecast period spanning from 2022 to 2030. The increasing emphasis on early disease detection, coupled with the integration of advanced technologies in diagnostics, plays a pivotal role in driving this expansion. Additionally, the evolving landscape of personalized medicine and the growing prevalence of chronic diseases further contribute to the market's upward trajectory, as diagnostic testing becomes increasingly integral to effective healthcare management.
Diagnostic Testing Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Diagnostic Testing Market Report Snapshots
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