2023 Laboratory Market Report

The U.S. laboratory market was valued at $93 billion in 2022 with over 319,000 Clinical Laboratory Improvement Amendment (CLIA) certified laboratories. The advances in laboratory equipment and procedures, the aging U.S. population, and an increase in healthcare spending and investments in diagnostic services drove the growth of the laboratory market. The 2023 Laboratory Market Report analyzes new laboratory services, technological innovations, sustainable practices in clinical laboratories, and the impact of regulatory changes on the overall market.

Key Findings

• Top Budget Priority: Technology investments to ease the labor shortage were cited as the top budget priority by 48% of laboratory executives.
• Top Direct-To-Consumer Test Type: Genetic testing became the top direct-to-consumer test type in 2022, with over 3,000 new genetic tests introduced in the U.S.
• Market Projection: The U.S. physician office lab market is projected to reach $18.3 billion by 2030.

Thank you to the HIDA Laboratory Advisory Council for their assistance in developing this report.

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