Market Size of Nigeria Clinical Laboratory Services Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.70 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Nigeria Clinical Laboratory Services Market Analysis
During the time frame of the forecast, the Nigerian clinical laboratory services market is expected to register a CAGR of almost 4.7%.
The clinical laboratory market was affected by the COVID-19 pandemic. However, the COVID-19 diagnostic services positively impacted the market due to the upsurge in COVID-19 cases and the high demand for COVID-19 diagnostic services in Nigeria. According to an article published in the International Journal of Infectious Diseases, the incidence rate of COVID-19 infection was high in Nigeria. The Government of Nigeria continuously focused on remote diagnostics, case management, and expanding telemedicine solutions to fulfill unmet needs during the pandemic. However, currently, the market is growing at a stable pace owing to the resumption of all laboratory services and diagnosis procedures, and it is expected to witness a similar trend over the coming years.
The Nigerian clinical laboratory market is driven by the rise of chronic diseases, the growing need for accurate disease diagnosis, and the government's focus on public-private partnerships. According to the Global Health Data Exchange 2020, malaria, lower respiratory infections, HIV/AIDS, diarrheal diseases, cancer, meningitis, stroke, and tuberculosis are the leading causes of death in Nigeria.The number of malaria cases was around 58.1 million. In addition, according to the World Health Organization Report 2021, in Nigeria, the number of tuberculosis cases was 2.9 million and the number of cases of diarrheal diseases was around 244.5 million. Thus, the prevalence of infectious diseases is rising in the country, augmenting the demand for diagnostic services for the better management of diseases.
Furthermore, the Nigerian government, donor agencies, and non-governmental organizations (NGOs) are working together to make people more aware. 54 Gene announced the launch of its diagnostic arm, 7RiverLabs, in December 2021. The diagnostic hubs are fitted with state-of-the-art technology that will offer healthcare providers and patients access to world-class, cost-effective, speedy, reliable, and advanced molecular diagnostics. However, the lack of medical laboratories, advanced diagnostic equipment, and inadequately trained laboratory staff restrain the growth of the market studied.
Nigeria Clinical Laboratory Services Industry Segmentation
As per the scope of the report, a clinical laboratory utilizes samples of fluids or tissues from patients to obtain information about the patient's health to aid in the diagnosis, prevention, and treatment of diseases. The space is organized into divisions such as anatomic pathology, clinical chemistry, hematology, genetics, microbiology, phlebotomy, and the blood bank.
The Nigerian clinical laboratory services market is segmented by specialty (clinical chemistry testing, microbiology testing, hematology testing, immunology testing, cytology testing, genetic testing, and other specialties) and provider (independent and reference laboratories and hospital-based laboratories). The report offers the value (in USD) for the above segments.
By Specialty | |
Clinical Chemistry Testing | |
Microbiology Testing | |
Hematology Testing | |
Immunology Testing | |
Cytology Testing | |
Genetic Testing | |
Other Specialties |
By Provider | |
Independent and Reference Laboratories | |
Hospital-based Laboratories |
Nigeria Clinical Laboratory Services Market Size Summary
The Nigerian clinical laboratory services market is poised for steady growth, driven by the increasing prevalence of chronic and infectious diseases, alongside a heightened demand for accurate diagnostic services. The market experienced a temporary boost during the COVID-19 pandemic due to the surge in demand for diagnostic services, which has since stabilized with the resumption of regular laboratory operations. The government's emphasis on public-private partnerships and the collaboration with donor agencies and NGOs to raise awareness are pivotal in addressing the healthcare challenges posed by diseases such as malaria, tuberculosis, and HIV/AIDS. The introduction of advanced diagnostic hubs, like 7RiverLabs by 54 Gene, is expected to enhance the accessibility and efficiency of molecular diagnostics, further propelling market expansion.
Microbiology and hematology testing are anticipated to be significant growth drivers within the market. The rising awareness and availability of microbiology testing, coupled with the demand for hematology tests due to the high prevalence of blood-related disorders, are key factors contributing to market dynamics. Strategic initiatives by major players, including the launch of new facilities and partnerships, are expected to strengthen market presence and penetration. Despite challenges such as a shortage of advanced diagnostic equipment and trained personnel, the market remains concentrated with dominant players like Mecure Healthcare Limited and Synlab Bondco PLC, while mid-sized companies are also making notable strides in capturing market share.
Nigeria Clinical Laboratory Services Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Burden of Chronic Infectious Diseases and Rising Demand for Accurate Disease Diagnosis
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1.2.2 Public-Private Partnerships
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1.3 Market Restraints
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1.3.1 Lack of Medical Laboratories with Advanced Diagnostic Equipment and Inadequately Trained Laboratory Staff
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Specialty
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2.1.1 Clinical Chemistry Testing
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2.1.2 Microbiology Testing
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2.1.3 Hematology Testing
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2.1.4 Immunology Testing
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2.1.5 Cytology Testing
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2.1.6 Genetic Testing
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2.1.7 Other Specialties
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2.2 By Provider
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2.2.1 Independent and Reference Laboratories
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2.2.2 Hospital-based Laboratories
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Nigeria Clinical Laboratory Services Market Size FAQs
What is the current Nigeria Clinical Laboratory Services Market size?
The Nigeria Clinical Laboratory Services Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)
Who are the key players in Nigeria Clinical Laboratory Services Market?
Union Diagnostics & Clinical Services, Mecure Healthcare Limited, AfriGlobal Medicare Limited, Synlab Bondco PLC and Echolab are the major companies operating in the Nigeria Clinical Laboratory Services Market.