The esoteric testing market is expected to grow from USD 22.82 billion in 2019 to USD 56.51 billion by 2027, at a CAGR of 12% during the forecast period 2020-2027.
Analysis of a unique molecule or substance is known as esoteric testing. This type of testing is not carried out in the clinical lab environment. Esoteric testing is ordered when a physician requires brief add-on information outside routine lab testing to complete a diagnosis. It generally requires sophisticated material and instruments to perform and analyze results. Esoteric tests are typically outsourced to specialized independent clinical reference laboratories as it is not cost-effective for hospitals and physician laboratories to perform the tests in-house. It is related to the medical field like immunology, endocrinology, serology, molecular diagnostics, microbiology, toxicology, and oncology.
The factors influencing the market growth are growing awareness of personalized medicines, growing penetration by key players, and increasing technical advanced devices. Increasing incidences of complex and rare diseases and rising focus on improving patients' health will propel the market growth. Lack of sufficient expertise and an insufficient number of training modules of esoteric testing will hamper the market growth. An increase in private and public funding to support research activities will provide market growth opportunities.
This study delivers a comprehensive analysis of type, technology, lab type, and region. The type segment includes endocrinology, infectious disease, immunology, toxicology, neurology, and genetic testing. The infectious disease testing is expected to witness significant growth, owing to the large volume of infectious disease tests performed in clinical laboratories, technological innovations in molecular diagnostics, improving healthcare expenditures, and growing disease burden of chronic and infectious disorders. Based on technology, the market is segmented into mass spectrometry, ELISA, CLIA, and PCR. The CLIA technology segment dominated the market due to high-performance levels, higher specificity, low detection limits, good precision, and high signal intensity. ELISA technology is expected to witness significant growth due to the high throughput screening performed in laboratories. The lab type segment includes hospital laboratories and independent labs. The independent lab segment holds the largest market share, owing to the ongoing automation and digitalization of diagnostic laboratories, and significant reimbursement coverage for clinical tests.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share, owing to accessibility to advanced technologies, expansion of molecular diagnostic for genetic disorders and cancer screening, presence of a well-established network of independent clinical laboratories, and presence of leading players in the U.S. The market in the Asia-Pacific region is expected to witness a significant growth. This growth is attributed to the increase in healthcare activities' funding and massive establishment of clinics, labs, and hospitals in countries like Thailand, Malaysia, India, China, and Singapore.
Some of the notable players in the market are Mayo Medical Laboratories, Laboratory Corporation of America, Fulgent Genetics, Quest Diagnostics, Genomic Health, OPKO Health, Nordic Laboratories, Arup Laboratories, American Esoteric Laboratories (AEL), ACM Global Laboratories, Myriad Genetics, BioMONTR, Invitae, and Miraca Holdings. In May 2017, Pathology Associates Medical Laboratories was acquired by LabCorp. This acquisition helped the LabCorp to provide the outreach testing services and reference laboratory services to the hospital, patients, clinicians, and clients.
Esoteric Testing Market Analysis and Forecast, Type
Esoteric Testing Market Analysis and Forecast, Technology
Esoteric Testing Market Analysis and Forecast, Lab Type
Esoteric Testing Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Technology
4.3.3. Market Attractiveness Analysis By Lab Type
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing awareness of personalized medicines
5.2.2. Increasing technical advanced devices
5.3. Restraints
5.3.1. Lack of sufficient expertise
5.4. Opportunities
5.4.1. Increase in private and public funding to support research activities
5.5. Challenges
5.5.1. Changing regulatory framework
6. Global Esoteric Testing Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Endocrinology
6.3. Infectious Disease
6.4. Immunology
6.5. Toxicology
6.6. Neurology
6.7. Immunology
6.8. Genetic Testing
7. Global Esoteric Testing Market Analysis and Forecast, By Technology
7.1. Segment Overview
7.2. Mass Spectrometry
7.3. ELISA
7.4. CLIA
7.5. PCR
8. Global Esoteric Testing Market Analysis and Forecast, By Lab Type
8.1. Segment Overview
8.2. Hospital Laboratories
8.3. Independent Labs
9. Global Esoteric Testing Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Esoteric Testing Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Esoteric Testing Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Mayo Medical Laboratories
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Laboratory Corporation of America
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Fulgent Genetics
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Quest Diagnostics
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Genomic Health
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. OPKO Health
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Nordic Laboratories
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Arup Laboratories
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. American Esoteric Laboratories (AEL)
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. ACM Global Laboratories
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Myriad Genetics
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. BioMONTR
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Invitae
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Miraca Holdings
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
List of Table
1. Global Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
2. Global Endocrinology, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
3. Global Infectious Disease, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
4. Global Immunology, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
5. Global Toxicology, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
6. Global Neurology, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
7. Global Genetic Testing, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
8. Global Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
9. Global Mass Spectrometry, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
10. Global ELISA, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
11. Global CLIA, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
12. Global PCR, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
13. Global Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
14. Global Hospital Laboratories, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
15. Global Independent Labs, Esoteric Testing Market, By Region, 2019-2027 (USD Billion)
16. North America Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
17. North America Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
18. North America Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
19. U.S. Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
20. U.S. Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
21. U.S. Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
22. Canada Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
23. Canada Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
24. Canada Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
25. Mexico Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
26. Mexico Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
27. Mexico Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
28. Europe Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
29. Europe Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
30. Europe Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
31. Germany Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
32. Germany Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
33. Germany Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
34. France Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
35. France Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
36. France Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
37. U.K. Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
38. U.K. Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
39. U.K. Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
40. Italy Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
41. Italy Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
42. Italy Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
43. Spain Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
44. Spain Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
45. Spain Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
46. Asia Pacific Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
47. Asia Pacific Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
48. Asia Pacific Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
49. Japan Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
50. Japan Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
51. Japan Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
52. China Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
53. China Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
54. China Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
55. India Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
56. India Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
57. India Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
58. South America Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
59. South America Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
60. South America Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
61. Brazil Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
62. Brazil Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
63. Brazil Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
64. Middle East and Africa Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
65. Middle East and Africa Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
66. Middle East and Africa Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
67. UAE Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
68. UAE Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
69. UAE Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
70. South Africa Esoteric Testing Market, By Type, 2019-2027 (USD Billion)
71. South Africa Esoteric Testing Market, By Technology, 2019-2027 (USD Billion)
72. South Africa Esoteric Testing Market, By Lab Type, 2019-2027 (USD Billion)
List of Figures
1. Global Esoteric Testing Market Segmentation
2. Global Esoteric Testing Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Esoteric Testing Market Attractiveness Analysis By Type
9. Global Esoteric Testing Market Attractiveness Analysis By Technology
10. Global Esoteric Testing Market Attractiveness Analysis By Lab Type
11. Global Esoteric Testing Market Attractiveness Analysis By Region
12. Global Esoteric Testing Market: Dynamics
13. Global Esoteric Testing Market Share by Type(2020 & 2027)
14. Global Esoteric Testing Market Share by Technology (2020 & 2027)
15. Global Esoteric Testing Market Share by Lab Type (2020 & 2027)
16. Global Esoteric Testing Market Share by Regions (2020 & 2027)
17. Global Esoteric Testing Market Share by Company (2019)
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