According to the latest market research study published by P&S Intelligence, the global laboratory-developed tests market has been experiencing significant growth, driven by the increasing incidence of cancer and genetic disorders. In 2023, the market generated a revenue of USD 10,375.8 million and is projected to reach USD 16,539.9 million by 2030, advancing at a compound annual growth rate (CAGR) of 7.2% during 2024–2030.
This growth is attributed to the rising demand for in vitro LDTs, especi