2021 Laboratory Market Report

The U.S. laboratory market has over 260,000 laboratories nationwide and was estimated to be worth $105.5 billion in 2020.  Laboratory revenues and volumes made a tremendous rebound from early days of the pandemic and Delta variant further increased testing demand.  The 2021 Laboratory Market Report analyzes upcoming laboratory breakthroughs and trends, provides an overview of the market and discusses key areas to watch.

  1. Independent laboratory revenue was up nearly 80% in 2020, primarily due to COVID-19 testing demand.
  2. The U.S. direct-to-consumer test market is expected to reach $2 billion by 2025.
  3. Continuous glucose monitoring is projecting to increase 38% in 2021.

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