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The Central Lab Market Size was valued at USD 3.01 billion in 2023 and is expected to reach USD 4.98 billion by 2032, growing at a CAGR of 5.79% over the forecast period 2024-2032.
The central lab market is expanding at a robust growth rate, as high investments in R&D, which are accompanied by the increasing interest of the sponsor and investigator in low-cost research, are increasing the demand for central laboratory services. Additionally, outsourcing trends of laboratory services in the pharmaceutical and biotech sectors are playing an important role in market expansion since it reduces the total research cost and enables researchers to focus on trial management. Increased diagnostics intensity-from increased interest and efforts paid to diagnostics since the novel coronavirus-presents high funds for novel diagnostics and improves central lab support requirements by clinical research.
The most critical market trends facilitating expansions, as in 2021, Bio-Techne Corporation launched a new R&D and manufacturing center focused on immunoassay in the U.S. for the production of next-generation test kits for infectious diseases. Partnerships are also growing in the market; for instance, in 2023, Cerba Research teamed with Teddy Clinical Research Laboratory in China to leverage the companies' respective strengths in the development of vaccines, immuno-oncology, and cell and gene therapies. This has supported specialty lab solutions by small and medium-scale companies, as a response to the preference among consumers.
Automation and cutting-edge equipment are enhancing the efficiency of labs, while the China Association of Clinical Laboratory Practice Expo in 2023 supports industry development through collaboration across borders and innovation in new in-vitro diagnostics. However, the logistical and sample handling sectors require careful maintenance to meet the stringent demands for temperature control and sample stability in preserving data integrity.
Central labs are also in demand with the ever-increasing demand for new treatments and personalized medicine, especially in biotechnology-based therapies such as cell and gene therapy. Government support for establishing central labs and adopting SOPs for sample stability will also underpin the market's future. These factors, coupled with the use of automated processes, give central labs an important position in modern clinical trials because they provide thorough and relatively inexpensive solutions to testing biological specimens and reporting results.
Drivers
The new accelerated product development speeds up performance through the provision of an essential early central lab conducting preclinical well-designed in the needs to API and can increase products in production getting them in the markets faster. Secondly, cost-cutting handling and transportation of APIs is due to the central facility and can decrease reagents' utilization and waste from production to reduce the final overall costs.
These labs also improve manufacturing flexibility, as they have dispersed the production of APIs across several central locations; this allows companies to bring new products into the market without waiting for enough capacity at one location. This decentralized model decreases the time-to-market for new ranges, allowing companies the prime initiative.
Central laboratories further enhance the effectiveness of resources and the quality of products. Positioning manufacturing closer to key markets reduces carbon emissions and packaging waste, thereby helping organizations achieve sustainability objectives. Central headquarters have more control and better quality of products and compliance with regulatory obligations. Such advantages- faster time-to-market with products, economies of scale, greater flexibility, and improved sustainability are significant push factors for central laboratories in the pharmaceutical industry.
Restraints
By Services
The pharmaceutical companies segment held the highest market share at 45.05% in 2023. Central laboratory service providers are of great importance to pharmaceutical companies as they enable them to assess the effectiveness of new drug products. The various tests for investigational drug evaluations that are offered by these providers include biochemistry, hematology, histopathology, immunology, endocrinology, microbiology, real-time PCR, and clinical pathology. Preclinical and clinical trial support from leading service providers like Covance, Celerion, Altasciences, NorthEast BioAnalytical Laboratories LLC, and Shanghai Medicilon is being availed to advance the pharmaceutical companies' trials. Market players are also developing partnerships with pharmaceutical companies to gain complementary services and geographic value. For instance, in April 2023, Sygnature Discovery entered into a partnership with Daewoong Pharmaceutical to speed up global drug development innovations.
The biotechnology companies segment is expected to grow at the highest rate with a CAGR of 7.10% over the forecasting period. An accelerated pace of activities in developing biological therapies is a major driver as the U.S. By 2025, the FDA will also approve 10 to 20 cell and gene therapy products annually. Such services surrounding cell and gene therapy like Contract Development and Manufacturing, Analytical testing, and regulatory consulting will grow exponentially due to a rise in demand. Particularly, Pace Analytical has recently expanded its capability to contribute to gene therapy initiatives through its investment in advanced analytical equipment, such as capillary electrophoresis, UPLC large-molecule time-of-flight mass spectrometry, and microplate readers.
By End-use
Biomarker services held a market share of 38.42% in the year 2023. Biomarkers are essential to clinical development programs. Through biomarkers, insights into novel diagnostic pathways can be gained, and a more in-depth understanding of the mechanism of disease can be attained to develop better therapeutics. Biomarker studies make it possible to diagnose deadly diseases at an early stage, measure the risks for side effects from investigative therapy, and monitor disease progress during clinical trials. The key players in the biomarker market are expanding their biomarker service offerings to enhance their market positions. For example, Unilabs partnered with Ambry Genetics in January 2023 to upgrade the genetic testing services offered for biopharmaceutical firms conducting clinical trials across Europe, Latin America, and the Middle East.
The genetic services segment is expected to grow at the fastest rate in the biomarkers market during the forecast period, which is estimated at a CAGR of 7.67%. This growth is based on the increasing role of genetic analysis in clinical studies, as understanding genetic factors supports the development of targeted therapies for various conditions, including cancer and inherited diseases. In addition, genetic differences in drug metabolism pathways influence patient responses to treatments. Increased research activities in genetic testing are expected to raise demand for central lab genetic services in the next years. For instance, the Cystic Fibrosis Foundation Therapeutics Lab launched plans in December 2022 to accelerate the discovery and development of genetic-based treatments for patients with cystic fibrosis.
Central laboratory share was 41.18% in North America during 2023, since the demand for molecular testing, being accurate, sensitive, and specific, is growing significantly. There will be an enormous increase in clinical studies related to advanced diagnostic instruments and drugs in places with high infection rates caused by infectious diseases such as STIs and tuberculosis. Such facts are that the CDC calculates more than 20 million new STI cases are established annually in the U.S., with annual costs in the range of USD 10–17 billion. Key players in the field are also expanding their development pipeline in the region for clinical purposes; for instance, LabCorp announced a spin-off company in July of 2022 to leverage its CRO capabilities and improve its services. For that reason, the market growth trend will be positive in the North American region.
During the forecasted period, growth of 7.74% will emerge from the Asia Pacific. The clinical testing and services market in China and India developed due to growing reasons related to urbanization and the corresponding increase in income due to such urbanization as well as increased healthcare awareness accompanied by education at an upsurge stage. Some countries like Australia, China, Korea, and Taiwan have established diagnostic test coverage and reimbursement systems related to the healthcare sector. Government support is increasing market potential. For instance, in September 2019, the South Korean Ministry of Food and Drug Safety unveiled a five-year plan to improve the handling of clinical trials; the plan will improve clinical trials by 2023. The positive environment is causing an increase in the rate of growth of the market for central laboratories in Asia Pacific.
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ACM Global Laboratories
Labconnect
Cerba Research
Medicover Integrated Clinical Services (MICS) (Synevo Central Labs)
Versiti (Cenetron)
A.P. Møller Holding A/S (Unilabs)
Ampersand Capital Partners (Pacific Biomarkers)
Cirion Biopharma Research Inc.
In June 2023, Versiti announced its acquisition of Quantigen, an Indiana-based company, to broaden its clinical trial and service capabilities.
In May 2023, LabConnect formed a strategic alliance with Labor Dr. Wisplinghoff to deliver customized, high-quality central lab services across Europe.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.01 billion |
| Market Size by 2032 | US$ 4.98 billion |
| CAGR | CAGR of 5.79% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Services (Genetic Services, Biomarker Services, Microbiology Services, Anatomic Pathology/Histology, Specimen Management & Storage, Special Chemistry Services, Others) • By End-use (Pharmaceutical companies, Biotechnology Companies, Academic and Research Institutes) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | ACM Global Laboratories, Labconnect, Cerba Research, Eurofins Scientific, Medicover Integrated Clinical Services (Synevo Central Labs), Versiti (Cenetron), A.P. Møller Holding A/S (Unilabs), Ampersand Capital Partners (Pacific Biomarkers), Lambda Therapeutics Research Ltd, and Cirion Biopharma Research Inc. |
| Key Drivers | • Key Advantages of Central Laboratories in Accelerating Product Development and Enhancing Manufacturing Efficiency |
| Restraints | • High costs associated with clinical trials and substantial capital requirements for establishing and operating central lab facilities restrict market expansion. • Limited medical infrastructure and regulatory challenges in the healthcare sector pose ongoing obstacles to the growth of the central laboratory services industry. |
Ans: The estimated compound annual growth rate is 5.79% during the forecast period for the Central Lab market.
Ans: The projected market value of the Central Lab market is estimated at USD 3.01 billion in 2023 and is expected to reach USD 4.98 billion by 2032.
Ans: Key advantages of central laboratories in accelerating product development and enhancing manufacturing efficiency.
Ans: High costs associated with clinical trials and substantial capital requirements for establishing and operating central lab facilities restrict market expansion.
Ans: North America is the dominant region in the Central Lab market.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Volume of Clinical Trials Supported, by Region (2023)
5.2 Outsourcing Trends for Central Lab Services, by Region (2023)
5.3 Central Lab Service Demand, by Type (e.g., Biomarker, Genetic, Pathology), 2020–2032
5.4 R&D Spending on Central Lab Services, by Source (Government, Commercial, Private), 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Service Benchmarking
6.3.1 Service specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new Service launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Central Lab Market Segmentation, by Services
7.2 Genetic Services
7.2.1 Genetic Services Market Trends Analysis (2020-2032)
7.2.2 Genetic Services Market Size Estimates and Forecasts to 2032 (USD Million)
7.3 Biomarker Services
7.3.1 Biomarker Services Market Trends Analysis (2020-2032)
7.3.2 Biomarker Services Market Size Estimates and Forecasts to 2032 (USD Million)
7.4 Microbiology Services
7.4.1 Microbiology Services Market Trends Analysis (2020-2032)
7.4.2 Microbiology Services Market Size Estimates and Forecasts to 2032 (USD Million)
7.5 Anatomic Pathology/Histology
7.5.1 Anatomic Pathology/Histology Market Trends Analysis (2020-2032)
7.5.2 Anatomic Pathology/Histology Market Size Estimates and Forecasts to 2032 (USD Million)
7.6 Specimen Management & Storage
7.6.1 Specimen Management & Storage Market Trends Analysis (2020-2032)
7.6.2 Specimen Management & Storage Market Size Estimates and Forecasts to 2032 (USD Million)
7.7 Special Chemistry Services
7.7.1 Special Chemistry Services Market Trends Analysis (2020-2032)
7.7.2 Special Chemistry Services Market Size Estimates and Forecasts to 2032 (USD Million)
7.8 Others
7.8.1 Others Market Trends Analysis (2020-2032)
7.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
8. Central Lab Market Segmentation, by End-use
8.2 Pharmaceutical companies
8.2.1 Pharmaceutical Companies Market Trends Analysis (2020-2032)
8.2.2 Pharmaceutical Companies Market Size Estimates and Forecasts to 2032 (USD Million)
8.3 Biotechnology Companies
8.3.1 Biotechnology Companies Market Trends Analysis (2020-2032)
8.3.2 Biotechnology Companies Market Size Estimates and Forecasts to 2032 (USD Million)
8.4 Academic and Research Institutes
8.4.1 Academic and Research Institutes Market Trends Analysis (2020-2032)
8.4.2 Academic and Research Institutes Market Size Estimates and Forecasts to 2032 (USD Million)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Central Lab Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.2.3 North America Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.2.4 North America Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.2.5 USA
9.2.5.1 USA Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.2.5.2 USA Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.2.6 Canada
9.2.6.1 Canada Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.2.6.2 Canada Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.2.7 Mexico
9.2.7.1 Mexico Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.2.7.2 Mexico Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Central Lab Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.3.1.3 Eastern Europe Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.1.4 Eastern Europe Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.5 Poland
9.3.1.5.1 Poland Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.1.5.2 Poland Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.6 Romania
9.3.1.6.1 Romania Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.1.6.2 Romania Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.1.7.2 Hungary Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.1.8.2 Turkey Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.1.9.2 Rest of Eastern Europe Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Central Lab Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.3.2.3 Western Europe Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.4 Western Europe Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.5 Germany
9.3.2.5.1 Germany Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.5.2 Germany Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.6 France
9.3.2.6.1 France Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.6.2 France Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.7 UK
9.3.2.7.1 UK Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.7.2 UK Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.8 Italy
9.3.2.8.1 Italy Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.8.2 Italy Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.9 Spain
9.3.2.9.1 Spain Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.9.2 Spain Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.10.2 Netherlands Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.11.2 Switzerland Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.12 Austria
9.3.2.12.1 Austria Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.12.2 Austria Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.3.2.13.2 Rest of Western Europe Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Central Lab Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.4.3 Asia Pacific Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.4.4 Asia Pacific Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.5 China
9.4.5.1 China Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.4.5.2 China Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.6 India
9.4.5.1 India Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.4.5.2 India Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.5 Japan
9.4.5.1 Japan Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.4.5.2 Japan Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.6 South Korea
9.4.6.1 South Korea Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.4.6.2 South Korea Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.7 Vietnam
9.4.7.1 Vietnam Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.2.7.2 Vietnam Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.8 Singapore
9.4.8.1 Singapore Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.8.2 Singapore Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.9 Australia
9.4.9.1 Australia Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.4.9.2 Australia Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.4.10.2 Rest of Asia Pacific Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Central Lab Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.5.1.3 Middle East Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.5.1.4 Middle East Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.5 UAE
9.5.1.5.1 UAE Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.5.1.5.2 UAE Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.5.1.6.2 Egypt Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.5.1.7.2 Saudi Arabia Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.5.1.8.2 Qatar Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.5.1.9.2 Rest of Middle East Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Central Lab Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.5.2.3 Africa Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.5.2.4 Africa Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.5.2.5.2 South Africa Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.5.2.6.2 Nigeria Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Central Lab Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.6.3 Latin America Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.6.4 Latin America Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6.5 Brazil
9.6.5.1 Brazil Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.6.5.2 Brazil Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6.6 Argentina
9.6.6.1 Argentina Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.6.6.2 Argentina Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6.7 Colombia
9.6.7.1 Colombia Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.6.7.2 Colombia Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Central Lab Market Estimates and Forecasts, by Services (2020-2032) (USD Million)
9.6.8.2 Rest of Latin America Central Lab Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10. Company Profiles
10.1 ACM Global Laboratories
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 Labconnect
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Cerba Research
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Eurofins Scientific
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/Services Offered
10.4.4 SWOT Analysis
10.5 Medicover Integrated Clinical Services (MICS) (Synevo Central Labs)
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/Services Offered
10.5.4 SWOT Analysis
10.6 Versiti (Cenetron)
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/Services Offered
10.6.4 SWOT Analysis
10.7 A.P. Møller Holding A/S (Unilabs)
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/Services Offered
10.7.4 SWOT Analysis
10.8 Ampersand Capital Partners (Pacific Biomarkers)
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/Services Offered
10.8.4 SWOT Analysis
10.9 Lambda Therapeutics Research Ltd
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/Services Offered
10.9.4 SWOT Analysis
10.10 Cirion Biopharma Research Inc.
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Products/Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Services
Genetic Services
Biomarker Services
Microbiology Services
Anatomic Pathology/Histology
Specimen Management & Storage
Special Chemistry Services
Others
By End-use
Pharmaceutical companies
Biotechnology Companies
Academic and Research Institutes
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Regional Coverage:
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US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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