The global service laboratory market size is anticipated to gain substantial growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is projected to surpass a valuation of US$ 52.5 billion in 2023. It is predicted to hit a valuation of US$ 87.5 billion by 2033. The market is foreseen to thrive at a CAGR of 5.2% from 2023 to 2033.
A multitude of factors are anticipated to promote the expansion of the service laboratory sector, including the growing demand for specialized testing and analysis, the rising trend of outsourcing non-core tasks, regulatory compliance requirements, breakthroughs in technology, globalization, and a demand for R&D assistance.
| Attribute | Details |
|---|---|
| Service Laboratory Market Share (2022) | US$ 49.5 billion |
| Service Laboratory Market Share (2023) | US$ 52.5 billion |
| Service Laboratory Market Share (2033) | US$ 87.5 billion |
| Service Laboratory Market Share (2023 to 2033) | 5.2% |
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The global service laboratory industry size developed at a CAGR of 6.1% from 2018 to 2022. In 2018, the global market size stood at US$ 39.0 billion. In the following years, the market witnessed substantial growth, accounting for US$ 49.5 billion in 2022.
Service laboratories offer knowledge and cutting-edge analytical methods to carry out complicated testing and analysis that enterprises do not have the resources or capability to carry out internally. Specialized testing services are becoming more and more essential as sectors including pharmaceuticals, biotechnology, healthcare, environmental protection, and food and beverage keep evolving.
Instead of making large investments in expensive machinery, employing specialist personnel, and upkeep of their facilities, many businesses are preferring to outsource their testing and analysis requirements to service laboratories. This growing trend of outsourcing is predicted to bolster market growth in the coming years. Additionally, technological advancements are predicted to amplify market growth during the forecast period.
| Historical CAGR (2018 to 2022) | 6.1% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 5.2% |
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According to the segmentation based on deployment, the cloud segment is predicted to gain monumental growth during the forecast period. As per FMI, the cloud segment is predicted to exhibit a CAGR of 5.1% from 2023 to 2033.
Platforms for cloud-based service laboratories make it simple to access test data, reports, and results whenever and wherever users are. With real-time data exchange, analysis, and decision-making possible due to this accessibility, laboratory personnel, customers, and stakeholders may work together more effectively. Additionally, it enables remote access to testing services, which is advantageous in circumstances where physical access to the laboratory is constrained or unfeasible. These favorable attributes proliferate cloud-based service laboratory market expansion.
According to the segmentation based on end-user, the life sciences segment is slated to dominate the global market during the forecast period. As per FMI, the life science segment is poised to thrive at a CAGR of 5.0% from 2023 to 2033.
Many organizations might not have access to the expert knowledge and cutting-edge equipment that are frequently required for life science testing on-site. Service laboratories are well-equipped with cutting-edge equipment, sophisticated analytical tools, and highly qualified experts with numerous years of experience in testing in the life sciences. Genomic, proteomic, bioanalytical, toxicological, and clinical diagnostic services are just a few of the ample services that these labs are capable of providing. Increasing research and development in the life science industry is expected to bolster the service laboratory market growth.
Service Laboratory Market:
| Attributes | Service Laboratory Market |
|---|---|
| CAGR (2023 to 2033) | 5.2% |
| Market Value (2023) | US$ 52.5 billion |
| Growth Factors |
|
| Future Opportunities | Evolution in semiconductor technology. |
| Market Trends | Growing miniaturization trend. |
Healthcare and Laboratory Labels Market:
| Attributes | Healthcare and Laboratory Labels Market |
|---|---|
| CAGR (2023 to 2033) | 4.1% |
| Market Value (2023) | US$ 9.59 billion |
| Growth Factors |
|
| Future Opportunities | Increasing adoption of UDIs in the healthcare delivery systems. |
| Market Trends | Rising stringent government regulations for improved patient safety. |
Laboratory Information Systems Market:
| Attributes | Laboratory Information Systems Market |
|---|---|
| CAGR (2023 to 2033) | 10.4% |
| Market Value (2023) | US$ 1.99 billion |
| Growth Factors |
|
| Future Opportunities | Increasing awareness regarding the benefits of laboratory information systems. |
| Market Trends | Development of effective digitalized solutions for patient data. |
According to FMI, China’s market for service laboratories is predicted to expand at 6.7% CAGR from 2023 to 2033, creating an absolute dollar growth worth US$ 10.1 billion by 2033 end.
China's growing middle class has boosted consumer awareness and demand for products of greater quality and safety. This has increased the necessity of product certification and testing to guarantee customer safety and satisfy quality standards. Service laboratories are essential in testing things including food and drink, consumer goods, and electronics to make sure they adhere to regulatory requirements and consumer expectations.
According to FMI, the United States is predicted to thrive at a CAGR of 4.1% from 2023 to 2033, creating an absolute dollar growth worth US$ 4.6 billion by the end of 2033.
The United States maintains strict regulatory standards in various kinds of sectors, including healthcare, pharmaceuticals, the environment, and food safety. Service laboratories provide compliance testing, validation research, and quality control services to help firms comply with these legal requirements. Updates to laws like the CLIA (Clinical Laboratory Improvement Amendments), FDA (Food and Drug Administration) rules, and EPA (Environmental Protection Agency) requirements are recent developments in the United States that have boosted the demand for testing and analysis services. Due to factors including an aging population, an increase in chronic illnesses, and advancements in medical technology, there is a growing demand for healthcare services in the United States, which is anticipated to bolster market growth in the region.
| Countries | Forecasted CAGR (2023 to 2033) |
|---|---|
| United States | 4.1% |
| United Kingdom | 3.7% |
| China | 6.7% |
| Japan | 5.5% |
| South Korea | 5.7% |
The competitive landscape of the market is defined by the existence of several key competitors offering a vast array of testing and analysis services. These businesses compete based on characteristics including service offerings, technical prowess, geographic reach, industry knowledge, client connections, and price. Although there are a lot of small and medium-sized service laboratories in the market, there are also bigger firms with a sizable market share and a presence all over the world.
Partnerships, mergers, and acquisitions, as well as other forms of collaboration, have an impact on the competitive environment. Companies might collaborate in strategic partnerships to diversify their service offerings, spread into new geographies, or capitalize on complementary skills. Larger businesses frequently use acquisitions and mergers to increase their consumer bases and obtain access to new technology.
Recent Developments Observed by FMI:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Service Type, Deployment, Channel, End-user, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The industry is likely to secure a CAGR of 5.2% throughout 2033.
The industry is likely to record a value of US$ 52.5 billion in 2023.
China is predicted to expand at a 6.7% CAGR until 2033.
With a CAGR of 5%, life sciences may dominate the market by 2033.
A CAGR of 6.1% was reported for the market from 2018 to 2022.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Service Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Type, 2023 to 2033 5.3.1. Repair 5.3.2. Support & Maintenance 5.3.3. Testing & Validation 5.3.4. Others 5.4. Y-o-Y Growth Trend Analysis By Service Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Service Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2023 to 2033 6.3.1. On-premise 6.3.2. Cloud 6.4. Y-o-Y Growth Trend Analysis By Deployment, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Deployment, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Channel , 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Channel , 2023 to 2033 7.3.1. OEMs 7.3.2. Third Party Service Provider 7.4. Y-o-Y Growth Trend Analysis By Channel , 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Channel , 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By End-User, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-User, 2023 to 2033 8.3.1. Industrial - Oil & Gas, Metal & Mining, Automotive, Chemical, Pharmaceutical 8.3.2. Electronics - Semiconductor Manufacturing, Microelectronics and MEMS 8.3.3. Life Sciences 8.3.4. Healthcare 8.4. Y-o-Y Growth Trend Analysis By End-User, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By End-User, 2023 to 2033 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. MEA 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. The USA 10.2.1.2. Canada 10.2.2. By Service Type 10.2.3. By Deployment 10.2.4. By Channel 10.2.5. By End-User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Service Type 10.3.3. By Deployment 10.3.4. By Channel 10.3.5. By End-User 10.4. Key Takeaways 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Service Type 11.2.3. By Deployment 11.2.4. By Channel 11.2.5. By End-User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Service Type 11.3.3. By Deployment 11.3.4. By Channel 11.3.5. By End-User 11.4. Key Takeaways 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. United Kingdom 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By Service Type 12.2.3. By Deployment 12.2.4. By Channel 12.2.5. By End-User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Service Type 12.3.3. By Deployment 12.3.4. By Channel 12.3.5. By End-User 12.4. Key Takeaways 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Singapore 13.2.1.5. Thailand 13.2.1.6. Indonesia 13.2.1.7. Australia 13.2.1.8. New Zealand 13.2.1.9. Rest of Asia Pacific 13.2.2. By Service Type 13.2.3. By Deployment 13.2.4. By Channel 13.2.5. By End-User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Service Type 13.3.3. By Deployment 13.3.4. By Channel 13.3.5. By End-User 13.4. Key Takeaways 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Service Type 14.2.3. By Deployment 14.2.4. By Channel 14.2.5. By End-User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Service Type 14.3.3. By Deployment 14.3.4. By Channel 14.3.5. By End-User 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Service Type 15.1.2.2. By Deployment 15.1.2.3. By Channel 15.1.2.4. By End-User 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Service Type 15.2.2.2. By Deployment 15.2.2.3. By Channel 15.2.2.4. By End-User 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Service Type 15.3.2.2. By Deployment 15.3.2.3. By Channel 15.3.2.4. By End-User 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Service Type 15.4.2.2. By Deployment 15.4.2.3. By Channel 15.4.2.4. By End-User 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Service Type 15.5.2.2. By Deployment 15.5.2.3. By Channel 15.5.2.4. By End-User 15.6. United Kingdom 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Service Type 15.6.2.2. By Deployment 15.6.2.3. By Channel 15.6.2.4. By End-User 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Service Type 15.7.2.2. By Deployment 15.7.2.3. By Channel 15.7.2.4. By End-User 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Service Type 15.8.2.2. By Deployment 15.8.2.3. By Channel 15.8.2.4. By End-User 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Service Type 15.9.2.2. By Deployment 15.9.2.3. By Channel 15.9.2.4. By End-User 15.10. China 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Service Type 15.10.2.2. By Deployment 15.10.2.3. By Channel 15.10.2.4. By End-User 15.11. Japan 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Service Type 15.11.2.2. By Deployment 15.11.2.3. By Channel 15.11.2.4. By End-User 15.12. South Korea 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Service Type 15.12.2.2. By Deployment 15.12.2.3. By Channel 15.12.2.4. By End-User 15.13. Singapore 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Service Type 15.13.2.2. By Deployment 15.13.2.3. By Channel 15.13.2.4. By End-User 15.14. Thailand 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Service Type 15.14.2.2. By Deployment 15.14.2.3. By Channel 15.14.2.4. By End-User 15.15. Indonesia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Service Type 15.15.2.2. By Deployment 15.15.2.3. By Channel 15.15.2.4. By End-User 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Service Type 15.16.2.2. By Deployment 15.16.2.3. By Channel 15.16.2.4. By End-User 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Service Type 15.17.2.2. By Deployment 15.17.2.3. By Channel 15.17.2.4. By End-User 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Service Type 15.18.2.2. By Deployment 15.18.2.3. By Channel 15.18.2.4. By End-User 15.19. South Africa 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Service Type 15.19.2.2. By Deployment 15.19.2.3. By Channel 15.19.2.4. By End-User 15.20. Israel 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Service Type 15.20.2.2. By Deployment 15.20.2.3. By Channel 15.20.2.4. By End-User 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Service Type 16.3.3. By Deployment 16.3.4. By Channel 16.3.5. By End-User 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Perkin Elmer 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. BIOTECON DIAGNOSTICS 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Agilent Technologies Inc 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Siemens SA 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Labware Inc 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. Thermo Fisher Scientific Inc 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. LabLynx Inc 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Nanolab Technologies Inc 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. Cerium Labs 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Exponent 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Technology
March 2022
REP-GB-942
June 2022
250 pages
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Service Laboratory Market
