Central Lab Market Size to Reach USD 4.98 Billion by 2032 with a CAGR of 5.79% (2024-2032)
The Central Lab Market was valued at USD 3.01 billion in 2023 and is projected to grow to USD 4.98 billion by 2032, expanding at a CAGR of 5.79% during the forecast period (2024-2032). The market growth is driven by increasing R&D investments, rising outsourcing of laboratory services by pharmaceutical and biotech companies, and advancements in automation and diagnostic technologies.