Esoteric testing market is anticipated to grow at a CAGR of 11.0% during the forecast period (2024-2031). Esoteric testing, which analyzes rare molecules or substances, can help diagnose conditions accurately, leading to early intervention, proper treatment, and improved patient outcomes. The esoteric testing market growth is driven by the increasing prevalence of cancer and infectious diseases along with the growing demand for diagnosis of rare diseases to identify complex medical conditions and guide personalized treatment.
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Globally, there is a considerable increase in the prevalence of chronic diseases, which in turn spurred growth and innovations in the diagnostic industry. The market has witnessed a significant demand for esoteric testing coupled with growth in research activities contributing to the market growth. For instance, in June 2023, SRL Diagnostics launched a state-of-the-art reference laboratory in Chennai, India. The laboratory is expanded over 20,000 sq ft along with the capability to conduct more than 1 lakh tests monthly, including routine tests, esoteric tests, and genetic tests.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Esoteric Testing Market by Test Type
- Infectious Disease Testing
- Oncology Testing
- Endocrinology Testing
- Genetic Testing
- Toxicology Testing
- Neurology Testing
- Other Testing (Immunology Testing)
Global Esoteric Testing Market by Technology
- Enzyme-linked Immunosorbent Assay
- Chemiluminescence Immunoassay
- Mass Spectrometry
- DNA Sequencing
- Flow Cytometry
- Others (Radio Immunoassays, Real Time Polymerase Chain Reaction (PCR))
Global Esoteric Testing Market by End-User
- Hospital-based Laboratories
- Independent and Reference Laboratories
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ARUP Laboratories
- Athena Esoterix, LLC
- Augusta University (Georgia Esoteric and Molecular Laboratory)
- bioMONTR® Labs, a division of McClernon LLC
- Eurofins Scientific
- Hoffmann-La Roche Ltd.
- Fulgent Genetics, Inc.
- Grifols International, S.A.
- U. Group Holdings, Inc.
- Kindstar Globalgene Technology, Inc.
- Mayo Clinic (Mayo Foundation for Medical Education and Research)
- Nordic Laboratories (Nordic Group)
- Sonic Healthcare Ltd.
- Stanford Health Care
- Thyrocare Technologies Ltd.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global esoteric testing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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