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Global Esoteric Testing Market 2019-2023

Global Esoteric Testing Market 2019-2023

About this market

The increasing prevalence of chronic diseases, such as cancers, among individuals is fueling the demand for the early diagnosis of diseases to offer better patient care. Infections are increasingly caused by pathogens such as bacteria, viruses, fungi, and parasites, resulting in diseases such as hepatitis and herpes as well as urinary tract infections and bladder infections. Anatomical pathologists are increasingly performing esoteric testing to investigate and diagnose diseases by examining surgical specimens, including specimens from a biopsy. Thus, the increase in the prevalence of chronic and infectious diseases, coupled with the demand for early diagnoses through esoteric testing, is expected to propel the growth of the global esoteric testing market during the forecast period. Technavio’s analysts have predicted that the esoteric testing market will register a CAGR of almost 12% by 2023.

Market Overview

Increasing industry developments

Vendors are increasingly focusing on improving their distribution networks and ensuring the availability of services to healthcare centers. The increasing developments in esoteric testing are expected to propel the growth of the global esoteric testing market during the forecast period.

Lack of highly skilled professionals

Esoteric testing requires skilled professionals such as pathologists and clinical laboratory scientists who perform esoteric tests for the advanced diagnosis of diseases. However, the lack of adequate training and courses on esoteric testing in emerging economies is one of the prime factors limiting the number of students graduating to perform esoteric tests.

For the detailed list of factors that will drive and challenge the growth of the esoteric testing market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fairly concentrated and with the presence of several vendors. The vendors in the global esoteric testing market have adopted various strategies, including press releases, annual reports, and participation in conferences, to promote their product offerings. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Esoteric Testing Market 2019-2023

Technavio recognizes the following companies as the key players in the global esoteric testing market: Enzo Biochem Inc., Eurofins Scientific, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Sonic Healthcare.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the technological advances in molecular diagnostics.”

According to the report, one of the major drivers for this market is the rising number of laboratories providing advanced services.

Further, the report states that one of the major factors hindering the growth of this market is the lack of awareness of early disease diagnosis in underdeveloped countries.

Companies Mentioned

Enzo Biochem Inc.

Eurofins Scientific

Laboratory Corporation of America Holdings

Quest Diagnostics Incorporated

Sonic Healthcare

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare market
      • Table Segments of global healthcare market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Hospital laboratories - Market size and forecast 2018-2023
      • Table Hospital laboratories - Market size and forecast 2018-2023 ($ billions)
      • Table Hospital laboratories - Year-over-year growth 2019-2023 (%)
    • Clinical research laboratories and medical institutes - Market size and forecast 2018-2023
      • Table Clinical research laboratories and medical institutes - Market size and forecast 2018-2023 ($ billions)
      • Table Clinical research laboratories and medical institutes - Year-over-year growth 2019-2023 (%)
    • Reference laboratories - Market size and forecast 2018-2023
      • Table Reference laboratories - Market size and forecast 2018-2023 ($ billions)
      • Table Reference laboratories - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ billions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ billions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Technological advances in molecular diagnostics
    • Advances in genomics and proteomics
    • Improving healthcare infrastructure in emerging economies
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Enzo Biochem Inc.
      • Table Enzo Biochem Inc. - Vendor overview
      • Table Enzo Biochem Inc. - Business segments
      • Table Enzo Biochem Inc. - Organizational developments
      • Table Enzo Biochem Inc. - Geographic focus
      • Table Enzo Biochem Inc. - Segment focus
      • Table Enzo Biochem Inc. - Segment focus
      • Table Enzo Biochem Inc. - Key offerings
    • Eurofins Scientific
      • Table Eurofins Scientific - Vendor overview
      • Table Eurofins Scientific - Product segments
      • Table Eurofins Scientific - Organizational developments
      • Table Eurofins Scientific - Segment focus
      • Table Eurofins Scientific - Key offerings
    • Laboratory Corporation of America Holdings
      • Table Laboratory Corporation of America Holdings - Vendor overview
      • Table Laboratory Corporation of America Holdings - Business segments
      • Table Laboratory Corporation of America Holdings - Organizational developments
      • Table Laboratory Corporation of America Holdings - Geographic focus
      • Table Laboratory Corporation of America Holdings - Segment focus
      • Table Laboratory Corporation of America Holdings - Key offerings
    • Quest Diagnostics Incorporated
      • Table Quest Diagnostics Incorporated - Vendor overview
      • Table Quest Diagnostics Incorporated - Business segments
      • Table Quest Diagnostics Incorporated - Organizational developments
      • Table Quest Diagnostics Incorporated - Segment focus
      • Table Quest Diagnostics Incorporated - Key offerings
    • Sonic Healthcare
      • Table Sonic Healthcare - Vendor overview
      • Table Sonic Healthcare - Business segments
      • Table Sonic Healthcare - Organizational developments
      • Table Sonic Healthcare - Geographic focus
      • Table Sonic Healthcare - Segment focus
      • Table Sonic Healthcare - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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