Towards Healthcare
Diagnostic Testing Market to Reach USD 274.53 Bn by 2034

Diagnostic Testing Market 2025 Driven by Early Diagnosis

Market insights predict, the diagnostic testing industry is expected to grow from USD 203.3 billion in 2024 to USD 274.53 billion by 2034, driven by a CAGR of 3.04%. The rising prevalence of chronic and infectious diseases is estimated to drive the growth of the market. North America led the global market owing to its advanced healthcare infrastructure in the region.

Category: Diagnostics Insight Code: 6196 Format: PDF / PPT / Excel

The global diagnostic testing market size reached US$ 203.3 billion in 2024 and is anticipate to increase to US$  209.48 billion in 2025. By 2034, the market is forecasted to achieve a value of around US$ 274.53 billion, growing at a CAGR of 3.04%.

Diagnostic Testing Market Size 2024 to 2034

The diagnostic testing market is witnessing strong growth, driven by increasing prevalence of chronic and infectious diseases, rising demand for early and accurate diagnosis, and advancements in molecular, genetic, and point-of-care testing technologies. North America dominates the market due to advanced healthcare infrastructure, high healthcare spending, and strong adoption of innovative diagnostic solutions. Supportive government regulations, widespread insurance coverage, and growing awareness of preventive healthcare further strengthen the region’s leadership, while ongoing R&D and public-private partnerships continue to propel the development and accessibility of advanced diagnostic testing.

Key Takeaways

  • Diagnostic testing sector pushed the market to USD 203.3 billion by 2024.
  • Long-term projections show USD 274.53 billion valuation by 2034.
  • Growth is expected at a steady CAGR of 3.04% in between 2025 to 2034.
  • North America held a major revenue share of approximately 40% in the diagnostic testing market in 2024.
  • Asia-Pacific is expected to witness the fastest growth with a share of approximately 24% during the predicted timeframe.
  • By test type, the clinical chemistry tests segment registered its dominance over the global market with a share of approximately 28% in 2024.
  • By test type, the molecular diagnostics segment is expected to grow with the highest CAGR and share of approximately 18% in the market during the studied years.
  • By technology, the laboratory-based testing segment held the largest revenue share in the market in 2024.
  • By technology, the point-of-care testing segment is expected to show the fastest growth over the forecast period.
  • By disease area, the infectious diseases segment held a dominant presence in the diagnostic testing market with a share of approximately 32% in 2024.
  • By disease area, the oncology segment is expected to witness the fastest growth in the market over the forecast period.
  • By end user, the hospitals & clinics segment contributed the biggest revenue share of approximately 45% in the market in 2024.
  • By end user, the home & point-of-care users segment is expected to grow at the fastest CAGR in the market during the forecast period.

Executive Summary Table

Table Scope
Market Size in 2025 USD 209.48 Billion
Projected Market Size in 2034 USD 274.53 Billion
CAGR (2025 - 2034) 3.04%
Leading Region North America by 40%
Market Segmentation By Test Type, By Technology, By Disease Area, By End User, By Region
Top Key Players Abbott Laboratories, Roche Diagnostics, Siemens Healthineers, Danaher Corporation (Cepheid, Beckman Coulter), Thermo Fisher Scientific, Bio-Rad Laboratories, QIAGEN N.V., Quest Diagnostics, Laboratory Corporation of America (LabCorp), PerkinElmer (Revvity), Agilent Technologies, BD (Becton, Dickinson and Company), Illumina, Inc., Hologic, Inc., Myriad Genetics, Inc., Exact Sciences Corporation, Sysmex Corporation, BioMérieux SA, ARUP Laboratories, Invitae Corporation

What is Diagnostic Testing?

Diagnostic testing refers to medical procedures and laboratory analyses used to detect, diagnose, and monitor diseases, conditions, or infections in patients. These tests can include blood tests, urine tests, imaging, molecular diagnostics, genetic testing, and point-of-care assays, providing critical information for accurate medical decision-making. Diagnostic testing enables early detection of diseases, guides treatment plans, monitors therapy effectiveness, and helps predict disease progression. Advances in technology, such as high-throughput sequencing, immunoassays, and digital diagnostics, have improved speed, accuracy, and accessibility.

Telehealth and Remote Monitoring: Telehealth and remote monitoring are significantly driving the growth of the diagnostic testing market by enhancing accessibility, efficiency, and patient engagement.

  • In September 2025, India exemplified this trend with the launch of Health ATMs in Hyderabad's government hospitals. These self-service kiosks offer over 130 diagnostic tests, including ECGs and blood tests, delivering results within minutes. Integrated with platforms like Ayushman Bharat Health Account (ABHA) and E-Sanjeevani, they facilitate immediate teleconsultations with specialists, streamlining outpatient services and reducing patient wait times. Such innovations are particularly impactful in rural and underserved regions, where access to healthcare professionals is limited, thereby expanding the reach and efficiency of diagnostic testing.

Adoption of Inorganic Growth Strategies: The adoption of inorganic growth strategies, such as mergers and acquisitions, drives the diagnostic testing market by expanding technological capabilities, market reach, and service offerings.

  • In August 2024, Quest Diagnostics acquired LifeLabs, enhancing patient access and strengthening its diagnostic portfolio, which contributed to notable revenue growth. Such strategic moves enable companies to integrate advanced technologies, achieve operational efficiencies, and penetrate new markets more rapidly, thereby meeting the rising global demand for accurate, timely, and accessible diagnostic testing solutions.

How Can AI Improve the Diagnostic Testing Market?

  • AI integration is transforming the market by enhancing accuracy, efficiency, and predictive capabilities. Artificial intelligence algorithms can analyze large volumes of medical data, including imaging, pathology slides, and genetic information, to identify patterns that may be missed by human observation. This enables faster, more precise detection of diseases such as cancer, cardiovascular disorders, and infectious diseases.
  • AI also supports predictive diagnostics, helping clinicians anticipate disease progression and personalize treatment plans. In 2025, several hospitals in the U.S., including Mayo Clinic, successfully implemented AI-assisted imaging tools that reduced diagnostic errors and accelerated reporting times. By streamlining workflows, reducing manual effort, and improving clinical outcomes, AI integration significantly strengthens the effectiveness and accessibility of diagnostic testing globally.

Market Dynamics

Driver

Growing Patient Awareness

Growing patient awareness and the focus on preventive healthcare are key factors driving the diagnostic testing market. Increasing health consciousness and lifestyle-related risks are motivating individuals to prioritize regular health check-ups, early detection, and proactive disease management. As more patients actively seek diagnostic testing services, healthcare providers and laboratories experience increased demand, which accelerates the adoption of advanced diagnostic technologies, expands testing capabilities, and drives overall growth in the market.

For instance,

  • In September 2025, Uttar Pradesh launched the "Swasth Nari, Sashakt Parivar" campaign, organizing district-level health camps that provide screenings for blood pressure, diabetes, anemia, and various cancers.

Restraint

Limited Healthcare Infrastructure & Data Privacy

The key players operating in the market are facing issues due to data privacy and limited healthcare infrastructure. Limited healthcare infrastructure in rural and underdeveloped regions restricts access to testing services. Data privacy and security concerns related to patient information in digital and AI-driven diagnostics.

Opportunity

Advancements in diagnostic technology are significantly driving the growth of the diagnostic testing market by enhancing accuracy, speed, and accessibility. In September 2025, the launch of the Core Metabolic Lab at Kasturba Medical College (KMC), Manipal, exemplifies this trend. Equipped with a state-of-the-art Liquid Chromatography Tandem Mass Spectrometry (Triple Quadrupole) platform, the lab aims to deliver gold-standard diagnostics for inborn errors of metabolism (IEMs), including preventable childhood diseases and adult metabolic disorders. This facility enhances clinical research and operates as a collaborative initiative between the departments of pediatrics and biochemistry at KMC.

Such technological innovations improve diagnostic accuracy, reduce turnaround times, and expand testing capabilities, particularly in specialized areas. By integrating advanced platforms, healthcare providers can offer more precise and timely diagnoses, thereby improving patient outcomes and driving the overall growth of the diagnostic testing market.

Segmental Insights

Which Test Type Segment Dominated the Diagnostic Testing Market?

The clinical chemistry tests segment dominates the market due to its wide application in detecting metabolic disorders, liver and kidney function, and cardiovascular diseases. Their routine use in hospitals and laboratories, coupled with technological improvements ensuring accuracy and efficiency, makes them essential for early disease detection and patient management.

The molecular diagnostics segment is estimated to grow at the fastest rate in the diagnostic testing market due to its ability to detect diseases at a genetic and molecular level, enabling early and highly accurate diagnoses. Growing demand for personalized medicine, rising prevalence of infectious and genetic disorders, and advancements in technologies like PCR and next-generation sequencing further fuel its adoption. In addition, its critical role in oncology, infectious disease testing, and precision healthcare supports its rapid growth and increasing integration into clinical practice.

Why Did the Laboratory-Based Testing Segment Dominate the Diagnostic Testing Market?

The laboratory-based testing segment dominates the market due to its high accuracy, reliability, and ability to handle large testing volumes across diverse disease areas. Laboratories are equipped with advanced technologies, skilled professionals, and standardized procedures, ensuring precise results that support effective clinical decision-making. Additionally, the rising prevalence of chronic and infectious diseases has increased demand for comprehensive diagnostic services, which are best managed in centralized labs. Their critical role in routine health check-ups and specialized testing further strengthens their dominance.

The point-of-care testing segment is anticipated to be the fastest-growing segment in the diagnostic testing market due to its ability to deliver rapid, accurate results at or near the patient’s location. Its convenience, reduced turnaround time, and growing use in emergency care, home settings, and remote areas make it vital for timely clinical decisions and treatment.

How the Infectious Diseases Segment Dominated the Diagnostic Testing Market?

The infectious diseases segment dominates the market due to the high global burden of illnesses such as influenza, HIV, tuberculosis, and emerging viral outbreaks. Increasing demand for early detection and rapid testing solutions has made infectious disease diagnostics essential for effective treatment and containment. Continuous innovations, including molecular and rapid antigen tests, further enhance accuracy and speed. Additionally, government initiatives and public health programs focusing on infection control and surveillance strengthen the adoption of diagnostic testing in this segment, ensuring its dominance.

The oncology segment is estimated to be the fastest-growing in diagnostic testing, driven by rising cancer prevalence and demand for early detection. Advances in molecular diagnostics, liquid biopsies, and genetic profiling support precise diagnosis and personalized treatment. Expanding targeted therapies and research initiatives further accelerate adoption, making oncology a rapidly expanding market segment.

What Made Hospitals & Clinics the Dominant Segment in the Diagnostic Testing Market?

The hospitals & clinics segment dominates the market due to their comprehensive infrastructure, advanced technologies, and accessibility to a wide patient base. These facilities offer a broad range of routine and specialized tests, ensuring timely and accurate results. Hospitals and clinics are primary healthcare touchpoints, handling large patient volumes daily, which drives high demand for diagnostic services. Additionally, their integration of laboratory services with patient care enables efficient diagnosis, treatment planning, and monitoring. Growing investments in hospital-based diagnostic capabilities further strengthen their dominance in the market.

The home & point-of-care users segment is anticipated to be the fastest-growing in the diagnostic testing market due to rising demand for convenient, rapid, and accessible healthcare solutions. Patients increasingly prefer self-testing and near-patient testing for chronic conditions, infectious diseases, and wellness monitoring. Technological advancements in portable devices, smartphone integration, and user-friendly kits enhance accuracy and reliability. Additionally, the growth of telehealth services and increased focus on preventive healthcare further support adoption. This shift empowers patients, reduces hospital visits, and accelerates timely decision-making, driving segment growth.

Regional Analysis

Diagnostic Testing Market Share, By Region, 2024 (%)

Which Factors Contribute to North America’s Dominance in the Diagnostic Testing Market?

North America dominates the market share 40% due to its advanced healthcare infrastructure, strong presence of leading diagnostic companies, and high adoption of innovative technologies such as molecular diagnostics, AI, and point-of-care testing. The region benefits from significant healthcare spending, favourable reimbursement policies, and robust research and development activities. Additionally, the rising prevalence of chronic and infectious diseases, along with growing awareness of preventive healthcare, fuels demand for diagnostic services. Government initiatives supporting early detection and precision medicine further strengthen North America’s leadership in the market.

U.S. Market Trends

The U.S. leads the diagnostic testing market with advanced healthcare infrastructure, widespread adoption of molecular and genetic testing, and strong investments in R&D. High prevalence of chronic and infectious diseases, combined with favourable reimbursement policies and integration of AI-driven diagnostics, ensures the country’s strong dominance and continuous market expansion.

Canada Market Trends

Canada’s diagnostic testing market is supported by universal healthcare access, a growing focus on preventive care, and increasing adoption of advanced diagnostic technologies. Government initiatives promoting early detection and screening programs, particularly for cancer and infectious diseases, strengthen demand. Collaboration between public healthcare systems and private players further fuels growth.

Which Factors make the Asia Pacific Region Growth at the Fastest Rate in the Diagnostic Testing Market?

The Asia-Pacific region is the fastest-growing in the diagnostic testing market due to rising healthcare investments, improving infrastructure, and growing awareness of early disease detection. The increasing prevalence of chronic and infectious diseases drives demand for advanced diagnostics. Governments across countries like China, India, and Japan are actively supporting screening programs and precision medicine initiatives. Additionally, the expansion of private laboratories, the adoption of innovative technologies, and the rising affordability of healthcare services enhance accessibility. Together, these factors create a favourable environment for rapid growth in diagnostic testing across the region.

Diagnostic Testing Market Value Chain Analysis

R&D

  • Activities: Biomarker discovery, assay development, technology innovation (e.g., molecular diagnostics, AI integration).
  • Organizations: Diagnostic companies (Roche Diagnostics, Abbott, Thermo Fisher Scientific), biotech startups, academic research institutes, and public-private partnerships.

Clinical Trial and Approval

  • Activities: Clinical validation of diagnostic tests, safety and efficacy trials, regulatory submissions.
  • Organizations: Regulatory authorities (FDA in the U.S., EMA in Europe, CDSCO in India), clinical research organizations (IQVIA, Covance), hospitals, and academic medical centers conducting trials.

Patient Service and Support

  • Activities: Test administration, result interpretation, digital platforms for patient reporting, and aftercare support.
  • Organizations: Hospitals, clinics, diagnostic laboratories (Quest Diagnostics, LabCorp, SRL Diagnostics), telehealth platforms, and patient support groups offering education and counseling.

Top Companies in the Diagnostic Testing Market

Diagnostic Testing Market Companies

  • Abbott Laboratories
  • Roche Diagnostics
  • Siemens Healthineers
  • Danaher Corporation (Cepheid, Beckman Coulter)
  • Thermo Fisher Scientific
  • Bio-Rad Laboratories
  • QIAGEN N.V.
  • Quest Diagnostics
  • Laboratory Corporation of America (LabCorp)
  • PerkinElmer (Revvity)
  • Agilent Technologies
  • BD (Becton, Dickinson and Company)
  • Illumina, Inc.
  • Hologic, Inc.
  • Myriad Genetics, Inc.
  • Exact Sciences Corporation
  • Sysmex Corporation
  • BioMérieux SA
  • ARUP Laboratories
  • Invitae Corporation

Latest Announcement by Industry Leaders

In August 2025, Audra Jones, Senior Vice President, North America, QuidelOrtho, stated that in order to increase access to high-quality diagnostic testing in community and rural hospitals across the United States, QuidelOrtho Corporation has started a Certified Analyzer Program. The program provides certified VITROSTM analyzers that provide award-winning service, quality results, and proven reliability at a fraction of the cost, and is specifically designed for clinics, physician office labs, and small hospitals with fewer than 100 beds.

Recent Developments in the Diagnostic Testing Market

  • In September 2025, Otsuka Pharmaceutical Co., Ltd. (Otsuka), a healthcare company, revealed the introduction of the new research facility, the Tokyo Laboratory, based within the Mitsui Link Lab.
  • In February 2025, DeepHealth's groundbreaking cloud-native operating system, DeepHealth OS, will enable new AI-powered radiology informatics and cancer screening solutions at ECR 2025 to address operational and clinical challenges. With a unified workspace designed for contemporary radiology, DeepHealth hopes to introduce its Diagnostic Suite to European clients, redefining the conventional Picture Archiving and Communication System (PACS), further integrating AI-based detection and diagnosis into interpretive workflows with SmartMammo, an end-to-end diagnostic SaaS solution for mammography.
  • In August 2025, an agreement was signed between M/s Primary Healthtech Put and the Technology Development Board (IDB), Department of Science and Technology, Government of India. The project is called "IoT-enabled Point-of-care Blood Testing Device for Affordable and Accessible Healthcare powered by AI/ML algorithms," and it was awarded to Ltd., New Delhi.

Segments Covered in the Report

By Test Type

  • Clinical Chemistry Tests
  • Immunoassays
  • Molecular Diagnostics
  • Hematology Tests
  • Microbiology & Infectious Disease Testing
  • Pathology & Histology Testing
  • Genetic & Genomic Testing

By Technology

  • Laboratory-Based Testing
  • Point-of-Care Testing
  • At-Home Testing
  • Imaging-Based Diagnostics

By Disease Area

  • Infectious Diseases
  • Oncology
  • Cardiovascular Diseases
  • Endocrine & Metabolic Disorders
  • Neurological Disorders
  • Rare & Genetic Diseases

By End User

  • Hospitals & Clinics
  • Diagnostic Laboratories
  • Home & Point-of-Care Users
  • Research & Academic Institutions

By Region 

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait

Tags

  • Last Updated: 22 September 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Kesiya Chacko is an accomplished market research professional with over 4+ years of experience in the healthcare industry, known for delivering actionable insights and strategic analysis that empower healthcare organizations.

Learn more about Kesiya Chacko

Aditi Shivarkar is a seasoned professional with over 14 years of experience in healthcare market research. As a content reviewer, Aditi plays a critical role in ensuring the quality and accuracy of all market insights and data presented by the research team.

Learn more about Aditi Shivarkar

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FAQ's

The diagnostic testing market stands at USD 209.48 billion in 2025 and is expected to reach USD 274.53 billion by 2034, growing at a CAGR of 3.04% from 2024 to 2034.

North America is leading the diagnostic testing market share 40% due to the rising demand for personalized medicines, rising government initiatives, and the presence of key players.

Some key players include Abbott Laboratories, Roche Diagnostics, Siemens Healthineers, Danaher Corporation (Cepheid, Beckman Coulter), and Thermo Fisher Scientific, among others.

Key trends include telehealth and remote monitoring, increasing investments, and the adoption of inorganic growth strategies.

Association for Diagnostics & Laboratory Medicine (ADLM), Personalized Medicine Coalition, American Clinical Laboratory Association, Government of Canada, BIVDA - The British In Vitro Diagnostic Association, Food and Drug Administration, Association for Molecular Pathology, clinicaltrials.gov, and GOV.UK, among others.