The Esoteric Testing Global Market Report 2023, provides comprehensive information on the esoteric testing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global esoteric testing market is expected to grow from $26.10 billion in 2022 to $29.24 billion in 2023 at a compound annual growth rate (CAGR) of 12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The esoteric testing market is expected to reach $45.6 billion in 2027 at a CAGR of 11.8%.
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Technological advancements are a key trend gaining popularity in the esoteric testing market. Major companies operating in the esoteric testing market are developing innovative products based on advanced technologies to sustain their position in the market. For instance, in January 2021, OPKO Health Company, a US-based diagnostics and pharmaceuticals company, launched the Scarlet Health digital platform. The new platform is an in-home, mobile, and flexible platform for on-demand diagnostic services. The new platform leverages the national presence and infrastructure of Bio-Reference, a US-based medical laboratory company.
The esoteric testing market is segmented:
1) By Type: Infectious Diseases Testing, Endocrinology Testing, Oncology Testing, Genetics Testing, Toxicology Testing, Immunology Testing, Neurology Testing, Other Testing
2) By Technology: Chemiluminescence Immunoassay, Enzyme-Linked Immunosorbent Assay, Mass Spectrometry, Real-Time PCR, DNA (Deoxyribonucleic Acid) Sequencing, Flow Cytometry, Other Technologies
3) By End User: Independent And Reference Laboratories, Hospital-Based Laboratories
North America was the largest region in the esoteric testing market in 2022.
The table of contents in TBRC’s esoteric testing market report includes:
1. Executive Summary
2. Esoteric Testing Market Characteristics
3. Esoteric Testing Market Trends And Strategies
4. Esoteric Testing Market – Macro Economic Scenario
5. Global Esoteric Testing Market Size and Growth
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26. South America Esoteric Testing Market
27. Brazil Esoteric Testing Market
28. Middle East Esoteric Testing Market
29. Africa Esoteric Testing Market
30. Esoteric Testing Market Competitive Landscape And Company Profiles
Top Major Players:
- LabCorp Holdings
- Quest Diagnostics Inc.
- Eurofins Scientific SE
- Sonic Healthcare Limited
- Miraca Holdings Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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