Europe 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: 103 Pages

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The Europe clinical reference laboratory market was valued at US$ 13,431.17 million in 2023 and is expected to reach US$ 21,670.00 million by 2031; it is estimated to register a CAGR of 6.2% from 2023 to 2031.

Increasing Number of Clinical Trials Drives Europe Clinical Reference Laboratory Market

Clinical trials assist in evaluating whether a new treatment or prevention method, such as a new medicine, diet, or medical technology, is safe and effective. The trials are primarily conducted during the drug development phase. According to the European Medicine Agency, in the European Union (EU), ~4,000 clinical trials are approved annually, with the pharmaceutical industry accounting for roughly 60%. Due to the growing prevalence of chronic diseases, the number of clinical trials is increasing to develop various effective treatments. Clinical trials are gradually becoming complex procedures, because proper execution and oversight of the operations occurring in research-based organizations have become crucial. Research-based organizations are outsourcing clinical trials while developing their products to avoid errors due to improper execution. Reference laboratories are well-known for their proactive approach to keeping up with scientific and technological advancements. Reference labs promptly adopt and integrate new diagnostic instruments, equipment, and techniques, allowing them to evaluate their potential applications and benefits. Clinical reference labs help research teams successfully conduct their projects by providing a comprehensive menu of clinical and comparative testing performed inexpensively and efficiently. Clinical reference labs collect and provide the required samples and perform the necessary testing at their facility. That means all the services are available under one roof. Vimta Labs Ltd, Regional Pathology Services, and Boca Bio provide commercial clinical trial services. Thus, the increasing number of clinical trials is driving the clinical reference laboratory market growth.

Europe Clinical Reference Laboratory Market Overview

Cancer, cardiovascular illness, nervous system disorders, and infectious diseases are the most frequently studied conditions in clinical trials in Germany. Clinical research benefits from Germany's well-established transport, communication, energy, and public services infrastructure. According to an article published by the National Institutes of Health in December 2023, ~4 million people had a rare disease in Germany. Rare diseases have complex clinical patterns. Treatments for such diseases need accelerated trials and fast-track clinical outcomes. This is where reference laboratories play a crucial role. In January 2023, Premier Research partnered with CENTOGENE to de-risk rare disease clinical development. Premier Research's extensive expertise in rare disease product development will be supported by advanced insights generated by the CENTOGENE Biodatabank and multiomic reference laboratories. Moreover, the demand for anti-infective agents in Germany is growing significantly, attributed to the increasing prevalence of chronic viral diseases and the growing demand to produce new molecules for viral therapeutic areas to fulfill unmet conditions. The market is expected to grow significantly in the country due to the abovementioned factors.

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

Europe Clinical Reference Laboratory Market Segmentation

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

Based on service provider, the Europe 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 Europe 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 Europe clinical reference laboratory market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe clinical reference laboratory market share in 2023.

Sonic Healthcare Ltd, UNILABS, Laboratory Corp of America Holdings, Quest Diagnostics Inc, SYNLAB International GmbH, and Myraid Genetics Inc are some of the leading companies operating in the Europe clinical reference laboratory market.

Product Code: BMIRE00030829

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Europe Key Insights

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe 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 - Europe Analysis

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

6. Europe 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. Europe 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. Europe Clinical Reference Laboratory Market - Country Analysis

8.1 Europe Clinical Reference Laboratory Market Overview
- 8.1.1 Europe: Clinical Reference Laboratory Market Breakdown 2023 and 2031 (%) - by Country
  - 8.1.1.1 Germany: Clinical Reference Laboratory Market - Overview
  - 8.1.1.2 Germany: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.2.1 Germany: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.2.2 Germany: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.3 United Kingdom: Clinical Reference Laboratory Market - Overview
  - 8.1.1.4 United Kingdom: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.4.1 United Kingdom: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.4.2 United Kingdom: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.5 France: Clinical Reference Laboratory Market - Overview
  - 8.1.1.6 France: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.6.1 France: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.6.2 France: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.7 Italy: Clinical Reference Laboratory Market - Overview
  - 8.1.1.8 Italy: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.8.1 Italy: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.8.2 Italy: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.9 Spain: Clinical Reference Laboratory Market - Overview
  - 8.1.1.10 Spain: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.10.1 Spain: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.10.2 Spain: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
  - 8.1.1.11 Rest of Europe: Clinical Reference Laboratory Market - Overview
  - 8.1.1.12 Rest of Europe: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
    - 8.1.1.12.1 Rest of Europe: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
    - 8.1.1.12.2 Rest of Europe: 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 UNILABS
- 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 Laboratory Corp of America Holdings
- 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 Quest Diagnostics 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
10.5 SYNLAB International GmbH
- 10.5.1 Key Facts
- 10.5.2 Business Description
- 10.5.3 Products and Services
- 10.5.4 Financial Overview
- 10.5.5 SWOT Analysis
- 10.5.6 Key Developments
10.6 Myraid Genetics Inc
- 10.6.1 Key Facts
- 10.6.2 Business Description
- 10.6.3 Products and Services
- 10.6.4 Financial Overview
- 10.6.5 SWOT Analysis
- 10.6.6 Key Developments

11. Appendix

11.1 About The Insight Partners
11.2 Glossary of Terms

Product Code: BMIRE00030829

List Of Tables

Table 1. Europe Clinical Reference Laboratory Market Segmentation
Table 2. Clinical Reference Market - Revenue and Forecast to 2031 (US$ Million)
Table 3. Germany: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 4. Germany: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 5. United Kingdom: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 6. United Kingdom: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 7. France: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 8. France: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 9. Italy: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 10. Italy: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 11. Spain: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 12. Spain: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Application
Table 13. Rest of Europe: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million) - by Service Provider
Table 14. Rest of Europe: 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. Europe 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. Europe: Clinical Reference Laboratory Market, by Key Country - Revenue (2023) (US$ Million)
Figure 14. Europe: Clinical Reference Laboratory Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 15. Germany: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 16. United Kingdom: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 17. France: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 18. Italy: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 19. Spain: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 20. Rest of Europe: Clinical Reference Laboratory Market - Revenue and Forecast to 2031 (US$ Million)
Figure 21. Growth Strategies in the Clinical Reference Laboratory Market