Global Clinical Diagnostics Outlook, 2024

Analysis Highlights

The 2023 Clinical Diagnostics Industry: Forecast vs. Actual

Top Clinical Diagnostics Predictions for 2024

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Clinical Diagnostics Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Segmentation

Growth Environment

Growth Environment (continued)

Top 10 Trends for 2024

Top 10 Growth Opportunities

1. Global GDP Growth—Mild Global Growth Slowdown from 3.0% in 2023 to 2.6% in 2024 as Key Economies Lose Growth Momentum

2. Inflation and Interest Rates—Headline Inflation to Continue to Decline; H2 2024 Shift Toward Rate Cuts for Advanced Economies

3. Currency Trajectory—Dollar to Remain Strong in H1 2024; Emerging Market Currencies to Get Boost from Q3 2024 Onwards

4. Labor Market—Moderate Unemployment Uptick; Positive Expectations Over Market Sentiment to Support Labor Hoarding

5. Oil Markets—Q1 OPEC+ Oil Production Cuts; Non-OPEC Production to Rise

6. Critical Minerals Supplies—Need for Economic Resiliency to Bolster Cross-border and Cross-industry Partnerships

7. North America—Economic Slowdown Amidst Discretionary Spending Pullback and Elevated Interest Rates

8. Western Europe—Moderate Growth Pick-up as Inflation Headwinds Ease Gradually; Rebuilding Fiscal Buffers to Take Precedence

9. Middle East—Non-oil Growth Driven by Economic Diversification to Limit Pullback Caused by a Slowdown in Global Oil Markets

10. Asia—Emerging Economies to Drive Growth Momentum; Fiscal Measures to Support Chinese Economic Recovery

Forecast Assumptions: Clinical Diagnostics Industry

Clinical Diagnostics Industry by Segment

Revenue Forecast by Subsegment

Revenue Forecast by Subsegment (continued)

Revenue Forecast by Segment: Centralized Testing

Revenue Forecast by Segment: Referral & Peripheral and Decentralized Testing

Revenue Forecast by Region

Revenue Forecast by Region (continued)

Percent Revenue Forecast by Region

Revenue Forecast Analysis by Region

Revenue Forecast Analysis by Region (continued)

Competitive Environment

Revenue Share

Revenue Share Analysis

Competitor Matrix

Competitor Matrix (continued)

Notable M&As in 2023

M&As: Historical Analytics

Prediction 1: Long-term Change in Consumer Behavior Supports Expansion into Self-collection Testing

Prediction 2: Staff Shortages Continue to Drive Double-digit Lab Automation Growth Rate

Prediction 3: Adoption of NGS and Specialized Bioinformatics Tools Will Support Pharma Innovation

Prediction 4: ctDNA Analysis Will Expand the Application of MRD Testing for Precision Oncology

Prediction 5: Partnerships with AI-focused Start-ups to Promote Adoption of AI-based Digital Pathology in Clinical Segments

2024 Industry Snapshot

Clinical Chemistry and Immunoassays Industry Snapshot

Clinical Chemistry and Immunoassays Industry: Companies to Watch

Molecular Diagnostics Industry Snapshot

Molecular Diagnostics Industry: Companies to Watch

POCT Industry Snapshot

POCT Industry: Companies to Watch

Tissue Diagnostics Industry Snapshot

Tissue Diagnostics Industry: Companies to Watch

Growth Opportunity 1: Shift toward Digital Diagnostics Services

Growth Opportunity 1: Shift toward Digital Diagnostics Services (continued)

Growth Opportunity 2: Expansion of Clinical Chemistry and Immunoassays to Emerging Markets

Growth Opportunity 2: Expansion of Clinical Chemistry and Immunoassays to Emerging Markets (continued)

Growth Opportunity 3: Predictive Testing in Molecular Diagnostics for Genetics and Cardiovascular Diseases

Growth Opportunity 3: Predictive Testing in Molecular Diagnostics for Genetics and Cardiovascular Diseases (continued)

Growth Opportunity 4: Molecular POCT in Clinical Settings

Growth Opportunity 4: Molecular POCT in Clinical Settings (continued)

Growth Opportunity 5: Multiplex POCT for Immunoassay, STI, and AMR Applications

Growth Opportunity 5: Multiplex POCT for Immunoassay, STI, and AMR Applications (continued)

Conclusions and Future Outlook

Your Next Steps

Why Frost, Why Now?

List of Exhibits

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