Esoteric Testing Market

Analysis by Test Type (Infectious Disease, Endocrinology, Oncology, Toxicology, Immunology, Genetic Testing, and Others); by Technology (Flow Cytometry, Chemiluminescence Immunoassay, Mass Spectrometry, Radio Immunoassay, DNA Sequencing, Real Time Polymerase Chain Reaction, and Others); and by End-User (Independent & Reference Laboratories, and Hospital Laboratories) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035

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Report ID: 3832 | Published On: Mar 06, 2023
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Global Esoteric Testing Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global esoteric testing market is estimated to garner a revenue of ~USD 80 Billion by the end of 2035 by growing at a CAGR of ~12% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 22 Billion in the year 2022. The growth of the market can be attributed to the worldwide rising prevalence of different types of chronic and infectious diseases. For instance, the prevalence of chronic diseases increased globally by around 57% by the end of 2020. Further, the rapidly growing proportion of the aged population is also expected to add to the market growth. Since aged people are more prone to get infections and falling sick, hence this factor is estimated to dynamically propel the growth of the market in the coming years.


In addition to these, factors that are believed to fuel the market growth of esoteric testing include the soaring effectiveness and demand for enzyme-linked immunosorbent assay (ELISA) as of their high accuracy, coupled with the effectiveness of real-time polymerase chain reaction (RT-PCR) tests across the globe. For instance, based on a clinical study result, the RT-PCR sensitivity in LFIA assays {immunoglobulin G (IgG) and/or immunoglobulin M (IgM)} was nearly 0.67 {96% statistical interval (PrI): 0.63, 0.73}. In the initial week, IgG/M sensitivity was 0.32 (95% PrI:0.23; 0.41) and steadily increased. For the second and third weeks after symptom start, it was 0.75 (95% PrI: 0.67; 0.84) and 0.93 (96% PrI: 0.87; 0.98), respectively. Whereas, ELISA tests are nearly 99% accurate when combined with the confirmatory western blot test. Additionally, an expansion of funding from private and government bodies for diagnostic service centers, and technical breakthroughs in esoteric testing are predicted to present the potential for market expansion over the projected period.

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Global Esoteric Testing Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 22 Billion

Forecast Year Market Size (2035)

~ USD 80 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Global Esoteric Testing Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Occurrence of Rare Disorders - Rare disorders are usually severe, chronic, and life-threatening disorders. A rare disease is defined by the World Health Organization as a disabling lifelong disease or disorder with a prevalence of 1 or fewer per 1000 people. Several countries, however, have their own definitions to meet their specific needs and from the perspective of their population, healthcare system, and resources. Therefore, the surging ratio of several rare disorders is also estimated to boost the growth of the market in the coming years. For instance, in 2019, around 350 million people were expected to be living with a rare disease worldwide.

  • Worldwide Surge in Geriatric Population - The formation of complicated health conditions is also an aspect of old age. Individuals have a greater probability to encounter multiple ailments simultaneously as they aged. Thus, the surge in the geriatric population is another significant factor that is anticipated to spur the growth of the market in the coming years. As per the United Nations statistics, worldwide, 1 in 6 individuals is estimated to be over 65 by 2050, an increase from 1 in 11 in 2019.

  • Dynamic Escalation in Genetic Testing - Genetic testing examines a person's DNA for changes known as mutations or variations. Genetic testing is beneficial in numerous fields of medicine and can modify an individual's medical care. Genetic testing results may be helpful in an array of aspects, including detecting a hereditary condition, initiating therapy, or starting prevention measures. Thus, the expansion in genetic testing is also estimated to drive market growth further over the projected time frame. For instance, approximately 2 million genetic tests were conducted in the United States in 2019.

  • Increasing Use of Specialized Rapid Testing Kits – Specialized testing kits are specially designed for dedicated therapeutics for certain diseases. The recent outbreak of COVID-19 has proved as the biggest boon in the growing demand for specialized rapid testing kits. For instance, globally around USD 28 billion worth of rapid COVID test kits were sold in 2020, while an estimated USD 19 billion worth of PCR COVID testing kits were sold in the same year.

  • Rising Investments in Research & Development Activities – For instance, Pharmaceutical companies invested nearly USD 210 billion worldwide on research & development in 2020.


  • Inadequate Reimbursement for Esoteric Tests - Medicaid and Medicare coverage for precision medicine is quite limited. The amount of testing has been significantly influenced in recent years by a decrease in the reimbursement of diagnostic tests. Therefore, this factor is anticipated to hinder market growth in the projected time frame.
  • Stringent Regulatory Framework Imposed by the Governments
  • A Dearth of Required Infrastructural Facilities in Emerging Nations

Global Esoteric Testing Market Segmentation

The global esoteric testing market is segmented and analyzed for demand and supply by test type into infectious disease, endocrinology, oncology, toxicology, immunology, genetic testing, and others. Out of these segments, the infectious disease segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing prevalence of several types of infectious diseases in all age groups. For instance, as per a survey, the frequency of visits to medical offices in the United States for infectious and parasitic disorders grew to around 10.5 million in 2019. Infectious disorders are illnesses caused by harmful microbes such as viruses, fungi, or parasites. Infectious diseases are typically transmitted from person to person, by contaminated water or food, or through insect bites. Infectious diseases are relatively frequent all around the world, however, some are more prevalent than others. Inadequate sanitation and poor hygiene contribute to the transmission of infectious diseases. Moreover, the surge in COVID-19 diagnostics has radically increased across the globe which is also projected to spur the growth of the market. Hence, the worldwide surge in the spread of such diseases is estimated to expand the growth of the segment over the forecast period.

The global esoteric testing market is also segmented and analyzed for demand and supply by technology into flow cytometry, chemiluminescence immunoassay, mass spectrometry, radio immunoassay, DNA sequencing, real-time polymerase chain reaction, and others. Amongst these segments, the chemiluminescence immunoassay segment is expected to garner a significant share. The growth of the segment can be attributed to the high-performance levels, good precision, and low detection limits of this technology of esoteric testing. Apart from these, the expanding ratio of autoimmune disorders along with the increasing concern regarding the early diagnosis of diseases are also anticipated to boost the segment growth further in the coming years. For instance, more than 10 million people in the United States, or 5% of the population, are affected by all autoimmune disorders. Moreover, rising research and development activities associated with the diagnosis of autoimmune diseases, where chemiluminescence immunoassay is highly used to test the symptoms, are also predicted to boost the market segment growth in the future. On the other hand, the global esoteric testing market is also segmented and analyzed for demand and supply by end-user into independent & reference laboratories, and hospital laboratories. Amongst these two segments, the independent & reference laboratories segment is projected to witness a notable CAGR during the forecast period, owing to the rising count of laboratories throughout the worldwide, coupled with the surge in the frequency of testing, and escalating digitalization of diagnostic laboratories across the globe.   

Our in-depth analysis of the global esoteric testing market includes the following segments:

         By Test Type

  • Infectious Disease
  • Endocrinology
  • Oncology
  • Toxicology
  • Immunology
  • Genetic Testing
  • Others

            By Technology

  • Flow Cytometry
  • Chemiluminescence Immunoassay
  • Mass Spectrometry
  • Radio Immunoassay
  • DNA Sequencing
  • Real Time Polymerase Chain Reaction
  • Others

            By End-User

  • Independent & Reference Laboratories
  • Hospital Laboratories

Global Esoteric Testing Market Regional Synopsis

The North American esoteric testing market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the well-established medical infrastructure, and high healthcare spending in the region. As per the data provided by the Centers for Medicare and Medicaid Services, healthcare spending in the United States grew 9.7% in 2020, reaching a value of USD 4.1 trillion or USD 12,530 per person. In addition to this, the increasing frequency of chronic disorders, coupled with the growing ratio of diagnostic tests, as well as the vast population base of aged people are also estimated to fuel the regional market growth further over the forecast period. Furthermore, the escalating proportion of rare disorders, along with the surging investment in R&D activities for rare diseases is also anticipated to accelerate the growth of the esoteric testing market in the region during the projected time frame.

The European esoteric testing market, amongst the market in all the other regions, is projected to grow with a notable CAGR during the forecast period. The growth of the market can be attributed majorly to the rising utilization of rapid diagnosis, followed by the technological advancements to develop enhanced precision medicine in the region.


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Top Featured Companies Dominating the Global Esoteric Testing Market

    • H.U. Group Holdings, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Laboratory Corporation of America Holdings
    • Quest Diagnostics
    • Healius Limited
    • Sonic Healthcare Limited
    • Thyrocare Technologies Limited
    • Fulgent Genetics, Inc.
    • Kindstar Globalgene Technology, Inc.
    • OPKO Health, Inc.
    • ARUP Laboratories

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the esoteric testing market?

Ans: Increasing incidences of chronic and infectious diseases, coupled with the rising occurrence of rare disorders are the major factors driving the market growth.

2) What would be the CAGR of esoteric testing market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the esoteric testing market growth?

Ans: Inadequate reimbursement for esoteric tests, and stringent regulatory framework imposed by the governments are estimated to be the growth hindering factors for the market expansion.

4) Which region will provide more business opportunities for growth of esoteric testing market in future?

Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the esoteric testing market?

Ans: The major players in the market are H.U. Group Holdings, Inc., Laboratory Corporation of America Holdings, Quest Diagnostics, Healius Limited, Sonic Healthcare Limited, Thyrocare Technologies Limited, Fulgent Genetics, Inc., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the esoteric testing market?

Ans: The market is segmented by test type, technology, end-user, and by region.

8) Which segment captures the largest market size in the test type segment in the esoteric testing market?

Ans: The infectious disease segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

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