Asia Pacific Clinical Reference Laboratory Market Forecast to 2031 - Regional Analysis - by Service Provider (Hospital-Based, Standalone, and Clinic-Based) and Application (Laboratory Medicine, Clinical Trials, and Others)

PUBLISHED: October 3, 2024

PAGES: 93 Pages

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The Asia Pacific clinical reference laboratory market was valued at US$ 9,814.13 million in 2023 and is expected to reach US$ 16,510.17 million by 2031; it is estimated to register a CAGR of 6.7% from 2023 to 2031.

Strategic Initiatives with Reference Laboratories Boost Asia Pacific Clinical Reference Laboratory Market

Strategic initiatives by the laboratory service providers such as acquisition, alliance, and expansion with reference labs are among the most cost-effective ways to obtain the benefits of better patient care and cost efficiency. In 2024, Hausen-Bernstein Co. Ltd., the leading supplier of in-vitro diagnostic ("IVD") products in Thailand, was acquired by Everlife Holdings Pte Ltd, a prominent market access and distribution business in India and Southeast Asia. In 2024, CORE Diagnostics, a next-generation diagnostics for medication selection and disease stratification based in India, announced its plans to expand operations in 50 new cities. In 2023, Suburban Diagnostics opened its largest 'reference' laboratory in Vidya Vihar, Mumbai. This ultramodern laboratory will utilize state-of-the-art testing and process automation technologies to provide a comprehensive test menu for accurate and quick diagnosis. In 2023, TRUSTlab Diagnostics, a clinical reference laboratory in Hyderabad, India, partnered with NKV Path Labs in Gurugram to expand its diagnostic services to underserved areas of the nation. Thus, the increasing number of acquisitions and alliances with reference laboratories is expected to offer significant opportunities for market growth.

Asia Pacific Clinical Reference Laboratory Market Overview

In recent decades, the emergence of several infectious illnesses, including COVID-19 and monkeypox, has posed a new risk to human health. China has experienced a rapid epidemiological change, with notable advances in infectious disease control. When dealing with infectious disease concerns, it is critical to detect and locate the outbreak as soon as possible, identify the pathogen, and ensure proper disposal to minimize escalation and prevent and manage infectious diseases. Various tests are done in hospitals or reference laboratories to detect the pathogen. According to the provincial-level administrative divisions (PLADs), 5,770 malaria cases were recorded between 2014 and 2021, with 99.05% samples of malaria submitted to provincial malaria diagnosis reference laboratories. Provincial malaria diagnosis reference laboratories have played a critical role in guaranteeing the accuracy and reliability of Plasmodium diagnosis in healthcare facilities. The abovementioned factors are driving the clinical reference laboratory market in the country.

Asia Pacific Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Clinical Reference Laboratory Market Segmentation

The Asia Pacific clinical reference laboratory market is categorized into service provider, application, and country.

Based on service provider, the Asia Pacific clinical reference laboratory market is segmented into hospital-based, standalone, and clinic-based. The hospital-based segment held the largest market share in 2023.

In terms of application, the Asia Pacific clinical reference laboratory market is categorized into laboratory medicine, clinical trials, and others. The laboratory medicine segment held the largest market share in 2023.

By country, the Asia Pacific clinical reference laboratory market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific clinical reference laboratory market share in 2023.

Sonic Healthcare Ltd, Laboratory Corp of America Holdings, Quest Diagnostics Inc, and Myraid Genetics Inc are some of the leading companies operating in the Asia Pacific clinical reference laboratory market.

Product Code: BMIRE00030828

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Asia Pacific Key Insights

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Clinical Reference Laboratory Market - Key Market Dynamics

4.1 Market Drivers
- 4.1.1 Rising Prevalence of Chronic and Infectious Diseases
- 4.1.2 Increasing Number of Clinical Trials
4.2 Market Restraints
- 4.2.1 Complications Related to Regulatory Framework and Adoption of Continuous Technological Developments
4.3 Market Opportunities
- 4.3.1 Strategic Initiatives with Reference Laboratories
4.4 Future Trends
- 4.4.1 Use of Artificial Intelligence in Clinical Reference Laboratories
4.5 Impact of Drivers and Restraints:

5. Clinical Reference Laboratory Market - Asia Pacific Analysis

5.1 Clinical Reference Laboratory Market Revenue (US$ Million), 2021-2031
5.2 Clinical Reference Market Forecast and Analysis

6. Clinical Reference Laboratory Market Analysis - by Service Provider

6.1 Overview
6.2 Hospital-Based
- 6.2.1 Overview
- 6.2.2 Hospital-Based: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
6.3 Standalone
- 6.3.1 Overview
- 6.3.2 Standalone: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
6.4 Clinical Based
- 6.4.1 Overview
- 6.4.2 Clinical Based: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)

7. Asia Pacific Clinical Reference Laboratory Market Analysis - by Application

7.1 Overview
7.2 Laboratory Medicine
- 7.2.1 Overview
- 7.2.2 Laboratory Medicine: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Clinical Trials
- 7.3.1 Overview
- 7.3.2 Clinical Trials: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Others
- 7.4.1 Overview
- 7.4.2 Others: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific Clinical Reference Laboratory Market - Country Analysis

8.1 Asia Pacific Clinical Reference Laboratory Market Overview
- 8.1.1 Asia Pacific: Clinical Reference Laboratory Market Breakdown 2023 and 2031 (%) - by Country
  - 8.1.1.1 China: Clinical Reference Laboratory Market - Overview
  - 8.1.1.2 China: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.2.1 China: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.2.2 China: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.3 Japan: Clinical Reference Laboratory Market - Overview
  - 8.1.1.4 Japan: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.4.1 Japan: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.4.2 Japan: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.5 India: Clinical Reference Laboratory Market - Overview
  - 8.1.1.6 India: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.6.1 India: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.6.2 India: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.7 Australia: Clinical Reference Laboratory Market - Overview
  - 8.1.1.8 Australia: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.8.1 Australia: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.8.2 Australia: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.9 South Korea: Clinical Reference Laboratory Market - Overview
  - 8.1.1.10 South Korea: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.10.1 South Korea: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.10.2 South Korea: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.11 Rest of APAC: Clinical Reference Laboratory Market - Overview
  - 8.1.1.12 Rest of APAC: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.12.1 Rest of APAC: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.12.2 Rest of APAC: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application

9. Clinical Reference Laboratory Market-Industry Landscape

9.1 Overview
9.2 Growth Strategies in the Clinical Reference Laboratory Market
9.3 Inorganic Growth Strategies
- 9.3.1 Overview
9.4 Organic Growth Strategies
- 9.4.1 Overview

10. Company Profiles

10.1 Sonic Healthcare Ltd
- 10.1.1 Key Facts
- 10.1.2 Business Description
- 10.1.3 Products and Services
- 10.1.4 Financial Overview
- 10.1.5 SWOT Analysis
- 10.1.6 Key Developments
10.2 Laboratory Corp of America Holdings
- 10.2.1 Key Facts
- 10.2.2 Business Description
- 10.2.3 Products and Services
- 10.2.4 Financial Overview
- 10.2.5 SWOT Analysis
- 10.2.6 Key Developments
10.3 Quest Diagnostics Inc
- 10.3.1 Key Facts
- 10.3.2 Business Description
- 10.3.3 Products and Services
- 10.3.4 Financial Overview
- 10.3.5 SWOT Analysis
- 10.3.6 Key Developments
10.4 Myraid Genetics Inc
- 10.4.1 Key Facts
- 10.4.2 Business Description
- 10.4.3 Products and Services
- 10.4.4 Financial Overview
- 10.4.5 SWOT Analysis
- 10.4.6 Key Developments

11. Appendix

11.1 About The Insight Partners
11.2 Glossary of Terms

Product Code: BMIRE00030828

List Of Tables

Table 1. Asia Pacific Clinical Reference Laboratory Market Segmentation
Table 2. Clinical Reference Market - Revenue and Forecast to 2031 (US$ Million)
Table 3. China: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 4. China: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 5. Japan: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 6. Japan: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 7. India: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 8. India: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 9. Australia: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 10. Australia: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 11. South Korea: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 12. South Korea: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 13. Rest of APAC: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 14. Rest of APAC: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 15. Recent Inorganic Growth Strategies in the Clinical Reference Laboratory Market
Table 16. Recent Organic Growth Strategies in the Clinical Reference Laboratory Market
Table 17. Glossary of Terms

List Of Figures

Figure 1. Asia Pacific Clinical Reference Laboratory Market Segmentation, by Country
Figure 2. Clinical Reference Laboratory Market - Key Market Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Clinical Reference Laboratory Market Revenue (US$ Million), 2021-2031
Figure 5. Clinical Reference Laboratory Market Share (%) - by Service Provider (2023 and 2031)
Figure 6. Hospital-Based: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 7. Standalone: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 8. Clinical Based: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 9. Clinical Reference Laboratory Market Share (%) - by Application (2023 and 2031)
Figure 10. Laboratory Medicine: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 11. Clinical Trials: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 12. Others: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 13. Asia Pacific: Clinical Reference Laboratory Market, by Key Country - Revenue (2023) (US$ Million)
Figure 14. Asia Pacific: Clinical Reference Laboratory Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 15. China: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 16. Japan: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 17. India: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 18. Australia: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 19. South Korea: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 20. Rest of APAC: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 21. Growth Strategies in the Clinical Reference Laboratory Market