Market Overview:
The global office-based lab market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and technological advancements in office-based labs. Based on type, the global office-based lab market is segmented into single-specialty OBL and multi-specialty OBL. The single specialty OBL segment is further subsegmented into pathology labs, radiology labs, and other single specialty labs. The multi-specialty OBL segment is further subsegmented into cardiology labs, neurology labs, gastroenterology (GI) Labs., and other multi specialty laboratories. Based on application, the global office based lab market is divided into vascular surgery applications; ophthalmology applications; pain management applications; gastroenterology applications; orthopedics applications; and other medical procedures/applications segments. Geographically speaking North America dominates the overall Global Office Based Lab Market followed by Europe due To high adoption rate of technology in these regions coupled with presence of major players operating in this region .
Product Definition:
An office-based lab (OBL) is a clinical laboratory located within an office setting. Office-based labs provide convenient and accessible care for patients, especially those who live in rural or medically underserved areas. OBLs offer a variety of services, including routine blood work, drug testing, and diagnostic tests. They also play an important role in the early detection of disease.
Single-specialty OBL:
Single-specialty OBL is a growing trend in the market of healthcare. It's an independent medical laboratory that provides services only to one patient or group of patients. The number of OSBLs has increased over the past few years and it is expected to grow at a lucrative rate in near future due to increasing demand for personalized medicine, targeted drug therapy, and advanced diagnostic testing.
Multi-specialty OBL:
Multi-specialty Occupational Health (OSL) is a new concept in the healthcare industry. It is an approach to optimize resources and provide improved patient care by integrating various medical specialties into one multi-specialty office. The key objective of this model is to improve quality, efficiency & cost of healthcare delivery system and also reduce overall costs associated with patient care.
Application Insights:
The others application segment held the largest share of over 30.0% in 2017. The segment includes general pathology, toxicology, hematology and clinical chemistry laboratories. Increasing number of patients suffering from chronic diseases such as cancer, diabetes and heart conditions has led to an increased demand for laboratory tests across the globe. This is anticipated to further fuel the growth of this market during the forecast period due to a rise in revenue generated through diagnostic testing procedures carried out at these OBLs worldwide.
Vascular surgery is expected to grow at a lucrative rate during the forecast period owing to increasing prevalence of cardiovascular diseases coupled with rising geriatric population across various regions including North America and Europe & Asia Pacific which is expected to increase demand for minimally invasive surgeries that require lab work done within minutes instead of hours or days required in other medical specialties thus driving this market growth over next few years.
Regional Analysis:
North America dominated the global office based lab market in 2017. This can be attributed to factors such as increasing R&D investments by key players, rising adoption of technologically advanced products, and high healthcare expenditure in the region. Moreover, growing number of international trade coupled with presence of major market players is expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing medical tourism and favorable government initiatives for improving healthcare infrastructure in emerging countries like India & China & Malaysia etc.
Growth Factors:
- Increasing demand for personalized medicine
- Rising prevalence of chronic diseases
- Technological advancements in diagnostics and laboratory equipment
- Growing number of private diagnostic laboratories
- Government initiatives to promote early diagnosis and treatment
Scope Of The Report
Report Attributes
Report Details
Report Title
Office Based Lab Market Research Report
By Type
Single-specialty OBL, Multi-specialty OBL
By Application
Vascular Surgery, Ophthalmology, Pain Management, Gastroenterology, Orthopedics, Others
By Companies
Envision Healthcare, Tenet Healthcare, Mednax, HCA Healthcare, Team Health, Surgical Care Affiliates, Quorum Health, Fresenius Medical Care, Surgery Partners, Medical Facilities, Terveystalo Healthcare, SurgCenter Development, Healthway Medical, Schon Klinik, Eifelhoehen-Klinik, Asklepios Kliniken, Ambulatory Surgical Centers of America, European Medical Center (EMC)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Office Based Lab Market Report Segments:
The global Office Based Lab market is segmented on the basis of:
Types
Single-specialty OBL, Multi-specialty OBL
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vascular Surgery, Ophthalmology, Pain Management, Gastroenterology, Orthopedics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Envision Healthcare
- Tenet Healthcare
- Mednax
- HCA Healthcare
- Team Health
- Surgical Care Affiliates
- Quorum Health
- Fresenius Medical Care
- Surgery Partners
- Medical Facilities
- Terveystalo Healthcare
- SurgCenter Development
- Healthway Medical
- Schon Klinik
- Eifelhoehen-Klinik
- Asklepios Kliniken
- Ambulatory Surgical Centers of America
- European Medical Center (EMC)
Highlights of The Office Based Lab Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-specialty OBL
- Multi-specialty OBL
- By Application:
- Vascular Surgery
- Ophthalmology
- Pain Management
- Gastroenterology
- Orthopedics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Office Based Lab Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Office Based Lab is a program that allows you to work on your computer from home. This program provides access to the Office suite of applications, which includes Word, Excel, and PowerPoint.
Some of the key players operating in the office based lab market are Envision Healthcare, Tenet Healthcare, Mednax, HCA Healthcare, Team Health, Surgical Care Affiliates, Quorum Health, Fresenius Medical Care, Surgery Partners, Medical Facilities, Terveystalo Healthcare, SurgCenter Development, Healthway Medical, Schon Klinik, Eifelhoehen-Klinik, Asklepios Kliniken, Ambulatory Surgical Centers of America, European Medical Center (EMC).
The office based lab market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Office Based Lab Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Office Based Lab Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Office Based Lab Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Office Based Lab Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Office Based Lab Market Size & Forecast, 2018-2028
4.5.1 Office Based Lab Market Size and Y-o-Y Growth
4.5.2 Office Based Lab Market Absolute $ Opportunity
Chapter 5 Global Office Based Lab Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Office Based Lab Market Size Forecast by Type
5.2.1 Single-specialty OBL
5.2.2 Multi-specialty OBL
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Office Based Lab Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Office Based Lab Market Size Forecast by Applications
6.2.1 Vascular Surgery
6.2.2 Ophthalmology
6.2.3 Pain Management
6.2.4 Gastroenterology
6.2.5 Orthopedics
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Office Based Lab Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Office Based Lab Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Office Based Lab Analysis and Forecast
9.1 Introduction
9.2 North America Office Based Lab Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Office Based Lab Market Size Forecast by Type
9.6.1 Single-specialty OBL
9.6.2 Multi-specialty OBL
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Office Based Lab Market Size Forecast by Applications
9.10.1 Vascular Surgery
9.10.2 Ophthalmology
9.10.3 Pain Management
9.10.4 Gastroenterology
9.10.5 Orthopedics
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Office Based Lab Analysis and Forecast
10.1 Introduction
10.2 Europe Office Based Lab Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Office Based Lab Market Size Forecast by Type
10.6.1 Single-specialty OBL
10.6.2 Multi-specialty OBL
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Office Based Lab Market Size Forecast by Applications
10.10.1 Vascular Surgery
10.10.2 Ophthalmology
10.10.3 Pain Management
10.10.4 Gastroenterology
10.10.5 Orthopedics
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Office Based Lab Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Office Based Lab Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Office Based Lab Market Size Forecast by Type
11.6.1 Single-specialty OBL
11.6.2 Multi-specialty OBL
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Office Based Lab Market Size Forecast by Applications
11.10.1 Vascular Surgery
11.10.2 Ophthalmology
11.10.3 Pain Management
11.10.4 Gastroenterology
11.10.5 Orthopedics
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Office Based Lab Analysis and Forecast
12.1 Introduction
12.2 Latin America Office Based Lab Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Office Based Lab Market Size Forecast by Type
12.6.1 Single-specialty OBL
12.6.2 Multi-specialty OBL
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Office Based Lab Market Size Forecast by Applications
12.10.1 Vascular Surgery
12.10.2 Ophthalmology
12.10.3 Pain Management
12.10.4 Gastroenterology
12.10.5 Orthopedics
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Office Based Lab Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Office Based Lab Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Office Based Lab Market Size Forecast by Type
13.6.1 Single-specialty OBL
13.6.2 Multi-specialty OBL
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Office Based Lab Market Size Forecast by Applications
13.10.1 Vascular Surgery
13.10.2 Ophthalmology
13.10.3 Pain Management
13.10.4 Gastroenterology
13.10.5 Orthopedics
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Office Based Lab Market: Competitive Dashboard
14.2 Global Office Based Lab Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Envision Healthcare
14.3.2 Tenet Healthcare
14.3.3 Mednax
14.3.4 HCA Healthcare
14.3.5 Team Health
14.3.6 Surgical Care Affiliates
14.3.7 Quorum Health
14.3.8 Fresenius Medical Care
14.3.9 Surgery Partners
14.3.10 Medical Facilities
14.3.11 Terveystalo Healthcare
14.3.12 SurgCenter Development
14.3.13 Healthway Medical
14.3.14 Schon Klinik
14.3.15 Eifelhoehen-Klinik
14.3.16 Asklepios Kliniken
14.3.17 Ambulatory Surgical Centers of America
14.3.18 European Medical Center (EMC)
