LONDON–(BUSINESS WIRE)–Technavio has been monitoring the global esoteric testing market and the market is poised to grow by USD 14.53 billion during 2019-2023 at a CAGR of almost 12% during the forecast period. Request Free Sample Pages
Read the 119-page research report with TOC on “Esoteric Testing Market Analysis Report by End-Users (Hospital laboratories, Clinical research laboratories and medical institutes, and Reference laboratories), by Geography (Asia, Europe, North America, and ROW), and Segment Forecasts, 2019 – 2023”.
The market is driven by the rising number of laboratories providing advanced services. In addition, improving healthcare infrastructure in emerging economies is anticipated to further boost the growth of the esoteric testing market.
Laboratories are facilitating the clinical diagnosis of diseases and infections that are not feasible for physicians to conduct in hospitals. This has led to the rise in number of public health laboratories such as the Association of Public Health Laboratories to conduct Esoteric testing. Esoteric testing is performed in many specialized governmental health laboratories to monitor and detect health threats arising from radiological contaminants, rabies, dengue fever, infectious agents, and genetic disorders in newborns. Thus, the rise in the number of laboratories providing advanced services is expected to drive the esoteric testing market growth during the forecast period.
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Major Five Esoteric Testing Market Companies:
Enzo Biochem Inc.
Enzo Biochem Inc. is headquartered in the US and operates the business under various segments such as Clinical Laboratory Services, Life Sciences Products, Therapeutics, and Other. The company offers Esoteric clinical assays.
Eurofins Scientific
Eurofins Scientific is headquartered in Luxembourg and offers products through the following segments: Benelux, France, Germany, North America, Nordic Region, UK and Ireland, and Other. The company offers Eurofins Clinical Diagnostics.
Laboratory Corporation of America Holdings
Laboratory Corporation of America Holdings is headquartered in the US and operates the business under two segments, namely LabCorp Diagnostics (LCD) and Covance Drug Development (CDD). The company offers Non-invasive prenatal testing (NIPT) and genetic testing, and Esoteric testing.
Quest Diagnostics Incorporated
Quest Diagnostics Incorporated is headquartered in the US and offers products through the following business segments: Diagnostic Information Services (DIS) business and Diagnostic Solutions (DS) businesses. The company offers Esoteric Lab Services.
Sonic Healthcare
Sonic Healthcare is headquartered in Australia and offers products through the following business segments: Laboratory, Imaging, and Other. The company offers esoteric tests in clinical chemistry, molecular testing, hematology, immunology, and analytical chemistry.
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Esoteric Testing End-Users Outlook (Revenue, USD Million, 2019 – 2023)
- Hospital laboratories
- Clinical research laboratories and medical institutes
- Reference laboratories
Esoteric Testing Regional Outlook (Revenue, USD Million, 2019 – 2023)
- Asia
- Europe
- North America
- ROW
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