GLOBAL CENTRAL LAB MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In May 2023, Lab Connect, a central clinical research trial laboratory, formed a strategic partnership with Labor Dr. Wisplinghoff to deliver customized and premium central laboratory services across Europe
• In September 2022, MLM Medical Labs GmbH, a GLP-certified, CLIA-, CAP- and ISO15189 accredited central laboratory, expanded its biological sample storage capacity at facilities located in Memphis, TN, and Mönchengladbach, Germany. MLM provides comprehensive sample management services, accommodating storage durations ranging from a few days to over 20 years across all temperature ranges, including ultra-low temperatures down to -80°C and in liquid nitrogen at -196°C.
• In February 2022, Labcorp,/Covance a healthcare company, inaugurated a state-of-the-art diagnostics laboratory in South Bend, U.S., aimed at enhancing service capabilities for physicians and patients locally and nationwide
• In June 2022, KIMS Central Laboratory launched personalized home sample collection services to provide high-quality laboratory investigations. Operated by a NABL-accredited facility with skilled technologists and experienced faculty from the Medical Laboratory Diagnostics Department, the service aims to offer convenient and reliable medical diagnostic solutions directly to individuals' homes.
• In October 2021, Labcorp announced the expansion of its bioanalytical services with a new integrated central laboratory in Singapore. This facility introduces advanced capabilities that enrich the range of bioanalytical services available through Labcorp Drug Development.