Asia Pacific Diagnostic Labs Market Forecast to 2028

Report Code : BMIRE00025958 | Region : Asia Pacific | Industry : Medical Device | Published Date : 16/Sep/2022
Asia Pacific Diagnostic Labs Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – By Lab Type (Single/Independent Laboratories, Hospital-Based Labs, Physician Office Labs, And Others), Testing Services [Physiological Function Testing (ECG, Echo, X-ray, Endoscopy, CT, MRI, and Others), COVID-19 Testing, General and Clinical Testing, Esoteric Testing, Specialized Testing, Non-invasive Prenatal Testing, and Others], and Revenue Source (Healthcare Plan Operators and Insurers, Out-of-Pocket, and Public System)

The Asia Pacific diagnostic labs market is expected to grow from US$ 75.93 billion in 2022 to US$ 131.45 billion by 2028. It is estimated to grow at a CAGR of 9.6% from 2021 to 2028.

The digital transformation in the diagnostics laboratory showed how life science companies use digitalization in research and development or quality control laboratories. The modern laboratory has dramatically changed how tests are performed, and biopharmaceutical products are manufactured. As technology continues to revolutionize, there is an increasing need to provide a modern, quality-driven digital approach to laboratory operations that offers consumers unparalleled convenience, impactful innovation, and reliability. Innovative technologies have made POCT devices portable and also improved sampling techniques, so they are minimally disruptive. This technology's relatively user-friendly nature is mainly due to advances in disposable test cartridges and microprocessor-based analyzers. Several advances are poised to change the industry testing paradigm through speed, quality, efficiency, and scalability to guide patient care.

The healthcare system is increasingly recognizing the value that labs can play by becoming more of a clinical decision-making engine, helping patients conduct tests at home with physicians, interpreting results, and diagnosing and monitoring patients more accurately and faster. The ecosystem to support the growth of Smart Labs is maturing, and several technology start-ups and prominent commercial players are already developing products and solutions targeting the specific areas for pre- and post-analytical surgeries and related areas, including smart procurement and remote monitoring, and predictive maintenance.

Increasing testing volumes, cost pressures, and, in some instances, distributed labs are forcing traditional participants to leverage converging technologies, such as robotics, artificial intelligence (AI), big data, internet of things (IoT), and cloud technologies to move from static, fragmented operations and tools to dynamic and value-driven practices. As a result, diagnostic results are more accurate and much faster. The smart lab market includes proprietary robotic platforms, automated tools, software-as-a-service (SaaS), mobile apps, and other digital solutions that support operations, data management, and analytics across the entire value chain in diagnostic labs.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific diagnostic labs market growth at a notable CAGR during the forecast period.

Asia Pacific Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion)

Asia Pacific Diagnostic Labs Market Segmentation

The Asia Pacific diagnostic labs market is segmented on the basis of lab type, testing services, revenue source, and country. Based on lab type, the market is segmented into single/independent laboratories, hospital-based labs, physician office labs, and others. Based on testing services, the market is divided into physiological function testing, covid-19 testing, general and clinical testing, esoteric testing, specialized testing, non-invasive prenatal testing, and others. By physiological testing services, the market is segmented into ECG, Echo, X-ray, endoscopy, CT, MRI, and others. Based on revenue source, the market is divided into healthcare plan operators and insurers, out-of-pocket, and public systems. Based on country, the regional market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.

Asia Pacific Diagnostic Labs Market —Companies Mentioned

Quest Diagnostics Incorporated; Eurofins Scientific; Laboratory Corporation of America Holdings; Exact Sciences Laboratories LLC; SYNLAB International GmbH; Dasa Labs; KingMed Diagnostics; Bio Reference; Sonic Healthcare Limited; and Healius Limited are a few major companies operating in the Asia Pacific diagnostic labs market.

The List of Companies - Asia Pacific Diagnostic Labs Market

● Quest Diagnostics Incorporated                                                               

● Eurofins Scientific                                                                                           

● Exact Sciences Laboratories LLC                                                                

● SYNLAB International GmbH                                                                      

● Dasa Labs

● KingMed Diagnostics                                                                                                     

● BioReference                                                                                           

● Sonic Healthcare Limited 

● Healius Limited

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Asia Pacific Diagnostic Labs Market – By Lab Type

1.3.2 Asia Pacific Diagnostic Labs Market – By Testing Services

1.3.3 Asia Pacific Diagnostic Labs Market – By Revenue Source

1.3.4 Asia Pacific Diagnostic Labs Market – By Country

2. Asia Pacific Diagnostic Labs Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Asia Pacific Diagnostic Labs Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Asia Pacific – PEST Analysis

4.3 Expert Opinion

5. Asia Pacific Diagnostic Labs Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Prevalence of Chronic Diseases

5.1.2 Increasing Use of Point-of-Care Diagnostics

5.2 Market Restraints

5.2.1 Shortage of Skilled Professionals

5.3 Market Opportunities

5.3.1 Increasing Adoption of Automated Platforms

5.4 Future Trends

5.4.1 Growing Developments in Diagnostics Laboratories

6. Asia Pacific Diagnostic Labs Market– Market Analysis

6.1 Asia Pacific Diagnostic Labs Market Revenue Forecast and Analysis

7. Asia Pacific Diagnostic Labs Market Revenue and Forecast to 2028 – by Lab Type

7.1 Overview

7.2 Asia Pacific Diagnostic Labs Market, by Lab Type 2022 & 2028 (%)

7.2.1 Asia Pacific: Asia Pacific Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion)

7.3 Hospital-based Labs

7.3.1 Overview

7.3.2 Hospital-based Labs: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

7.4 Single/Independent Laboratories

7.4.1 Overview

7.4.2 Single/Independent Laboratories: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

7.5 Physician Office Labs (POL)

7.5.1 Overview

7.5.2 Physician Office Labs: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

7.6 Others

7.6.1 Overview

7.6.2 Others: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8. Asia Pacific Diagnostic Labs Market Revenue and Forecast to 2028 – by Testing Services

8.1 Overview

8.2 Asia Pacific Diagnostic Labs Market Revenue Share, by Testing Services (2022 and 2028)

8.2.1.1 Asia Pacific: Asia Pacific Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion)

8.2.2 Asia Pacific: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion)

8.3 Physiological Function Testing

8.3.1 Overview

8.3.2 Physiological Function Testing: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.3.3 Endoscopy Market

8.3.3.1 Overview

8.3.3.2 Endoscopy Market: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.3.4 X-Ray Market

8.3.4.1 Overview

8.3.4.2 X-Ray Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.3.5 CT Market

8.3.5.1 Overview

8.3.5.2 CT Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.3.6 ECG Market

8.3.6.1 Overview

8.3.6.2 ECG Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.3.7 MRI Market

8.3.7.1 Overview

8.3.7.2 MRI Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.3.8 Echo Market

8.3.8.1 Overview

8.3.8.2 Echo Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.3.9 Others

8.3.9.1 Overview

8.3.9.2 Others: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.4 COVID-19 Testing

8.4.1 Overview

8.4.2 COVID-19 Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.5 General and Clinical Testing

8.5.1 Overview

8.5.2 General and Clinical Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.6 Esoteric Testing

8.6.1 Overview

8.6.2 Esoteric Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.7 Specialized Testing

8.7.1 Overview

8.7.2 Specialized Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.8 Non-invasive Prenatal Testing

8.8.1 Overview

8.8.2 Non-Invasive Prenatal Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

8.9 Others

8.9.1 Overview

8.9.2 Others: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

9. Asia Pacific Diagnostic Labs Market Revenue and Forecast to 2028 – by Revenue Source

9.1 Overview

9.2 Asia Pacific Diagnostic Labs Market Revenue Share, by Revenue Source (2022 and 2028)

9.2.1 Asia Pacific: Asia Pacific Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion)

9.3 Healthcare Plan Operators and Insurers

9.3.1 Overview

9.3.2 Healthcare Plan Operators and Insurers: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

9.4 Out-of-Pocket

9.4.1 Overview

9.4.2 Out-of-Pocket: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

9.5 Public System

9.5.1 Overview

9.5.2 Public System: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

10. Asia Pacific Diagnostic Labs Market Revenue and Forecast to 2028– by Country

10.1 Asia Pacific: Asia Pacific Diagnostic Labs Market

10.1.1 Overview

10.1.2 Asia Pacific: Asia Pacific Diagnostic Labs Market, by Country, 2022 & 2028 (%)

10.1.2.1 Australia: Asia Pacific Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion)

10.1.2.1.1 Overview

10.1.2.1.2 Australia: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.2.1.3 Australia: Asia Pacific Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion)

10.1.2.1.4 Australia: Asia Pacific Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion)

10.1.2.1.5 Australia: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion)

10.1.2.1.6 Australia: Asia Pacific Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion)

10.1.2.2 China: Asia Pacific Diagnostic Labs Market Revenue and Forecast To 2028 (US$ Billion)

10.1.2.2.1 Overview

10.1.2.2.2 China: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.2.2.3 China: Asia Pacific Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion)

10.1.2.2.4 China: Asia Pacific Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion)

10.1.2.2.5 China: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion)

10.1.2.2.6 China: Asia Pacific Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion)

10.1.2.3 India Asia Pacific Diagnostic Labs Market Revenue and Forecast To 2028 (US$ Billion)

10.1.2.3.1 Overview

10.1.2.3.2 India: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.2.3.3 India: Asia Pacific Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion)

10.1.2.3.4 India: Asia Pacific Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion)

10.1.2.3.5 India: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion)

10.1.2.3.6 India: Asia Pacific Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion)

10.1.2.4 Japan: Asia Pacific Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion)

10.1.2.4.1 Overview

10.1.2.4.2 Japan: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.2.4.3 Japan: Asia Pacific Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion)

10.1.2.4.4 Japan: Asia Pacific Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion)

10.1.2.4.5 Japan: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion)

10.1.2.4.6 Japan: Asia Pacific Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion)

10.1.2.5 South Korea: Asia Pacific Diagnostic Labs Market Revenue and Forecast To 2028 (US$ Billion)

10.1.2.5.1 Overview

10.1.2.5.2 South Korea: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.2.5.3 South Korea: Asia Pacific Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion)

10.1.2.5.4 South Korea: Asia Pacific Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion)

10.1.2.5.5 South Korea: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion)

10.1.2.5.6 South Korea: Asia Pacific Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion)

10.1.2.6 Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion)

10.1.2.6.1 Overview

10.1.2.6.2 Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.2.6.3 Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market, By Lab Type, 2019–2028 (US$ Billion)

10.1.2.6.4 Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market, by Testing Services, 2019–2028 (US$ Billion)

10.1.2.6.5 Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing, 2019–2028 (US$ Billion)

10.1.2.6.6 Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market, by Revenue Source, 2019–2028 (US$ Billion)

11. Asia Pacific Diagnostic Labs Market–Industry Landscape

11.1 Overview

11.2 Growth Strategies in the Asia Pacific Diagnostic Labs Market (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 Quest Diagnostics Incorporated

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Eurofins Scientific

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Exact Sciences Laboratories LLC

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 SYNLAB International GmbH

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Dasa Labs

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 KingMed Diagnostics

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 BioReference

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Sonic Healthcare Limited

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Healius Limited

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES.

Table 1.             Asia Pacific: Asia Pacific Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion)

Table 2.             Asia Pacific: Asia Pacific Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion)

Table 3.             Asia Pacific: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)

Table 4.             Asia Pacific: Asia Pacific Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)

Table 5.             Australia: Asia Pacific Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion)

Table 6.             Australia: Asia Pacific Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion)

Table 7.             Australia: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)

Table 8.             Australia: Asia Pacific Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)

Table 9.             China: Asia Pacific Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion)

Table 10.          China: Asia Pacific Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion)

Table 11.          China: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)

Table 12.          China: Asia Pacific Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)

Table 13.          India: Asia Pacific Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion)

Table 14.          India: Asia Pacific Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion)

Table 15.          India: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)

Table 16.          India: Asia Pacific Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)

Table 17.          Japan: Asia Pacific Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion)

Table 18.          Japan: Asia Pacific Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion)

Table 19.          Japan: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)

Table 20.          Japan: Asia Pacific Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)

Table 21.          South Korea: Asia Pacific Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion)

Table 22.          South Korea: Asia Pacific Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion)

Table 23.          South Korea: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028 (US$ Billion)

Table 24.          South Korea: Asia Pacific Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)

Table 25.          Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market, By Lab Type – Revenue and Forecast to 2028 (US$ Billion)

Table 26.          Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market, by Testing Services – Revenue and forecast to 2028 (US$ Billion)

Table 27.          Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market, By Physiological Function Testing - Revenue and Forecast to 2028  (US$ Billion)

Table 28.          Rest of Asia Pacific: Asia Pacific Diagnostic Labs Market, by Revenue Source - Revenue and Forecast to 2028 (US$ Billion)

Table 29.          Organic Developments in the Asia Pacific Diagnostic Labs Market

Table 30.          Inorganic Developments in the Asia Pacific Diagnostic Labs Market

Table 31.          Glossary of Terms, Asia Pacific Diagnostic Labs Market

The List of Companies - Asia Pacific Diagnostic Labs Market

● Quest Diagnostics Incorporated                                                               

● Eurofins Scientific                                                                                           

● Exact Sciences Laboratories LLC                                                                

● SYNLAB International GmbH                                                                      

● Dasa Labs

● KingMed Diagnostics                                                                                                     

● BioReference                                                                                           

● Sonic Healthcare Limited 

● Healius Limited

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Diagnostic Labs Market.

● Highlights key business priorities in order to assist companies to realign their business strategies.

● The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Diagnostic Labs Market, thereby allowing players across the value chain to develop effective long-term strategies.

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.

● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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