Core Labs

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,200+ categories like Core Labs.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

Schedule a Demo

Core Labs Market Monitoring Dashboard

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Schedule a Demo

Core Labs Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Core Labs category is 5.40%

Payment Terms

(in days)

The industry average payment terms in Core Labs category for the current quarter is 73.4 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length


Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk



Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

Schedule a Demo
Meet Abi

The World’s first Digital Market Analyst

    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Abi is now supercharged with GPT4 AI engine. Enjoy the ease of ChatGPT, now on Abi

    Core Labs market report transcript

    Core Labs Global Market Outlook:

    • The core lab market is expected to grow at a CAGR of 7 percent from 2022 to 2026 F; In 2022E: $3.94 billion

    • Core labs have increased testing volume, in order to combat the COVID-19 pandemic. Despite a significant drop in demand for non-COVID-19 testing, laboratories have constantly improved their capacity to satisfy the growing demand for COVID-19 sample

    • LabCorp is one of the largest providers of clinical lab services globally and they expanded their capacity to meet the demand of an increase in testing activities.

    • They have recently announced the expansion of its automated clinical trial production line in Belgium, thereby allowing clinical trial supply to over 70 countries in the EU and EMEA

    Demand Market Outlook

    • With bundled sourcing, enhanced integration with e-clinical solutions to improve end-to-end data collection and post market regulatory submission centralized sourcing of central lab has proven cost benefits and translates into a successful engagement considering a single point sourcing.

    Global Market Size and Growth Forecast: Central Laboratory Services

    • The trend is shifting towards consolidation of the supplier base, where the suppliers are collaborating and expanding their abilities. The major market share is held by the top suppliers including LabCorp (Covance), Eurofins, ICON,Q2 solutions, ThermoFisher Scientific and Medpace Reference Laboratory

    • The dynamics of outsourcing of this category by large pharma has shifted to a more consolidated base, with four or five preferred vendors to support their global central lab operations. The leading service providers include large CROs, like IQVIA, as well as specialized central laboratory service providers BARC. Acquisition of LabCorp (Covance) by LabCorp by has allowed pharma companies to venture into new options of comprehensive outsourcing of central laboratory work.

    Growth Drivers and Challenges : Core Labs 

    Market Drivers

    • Cost efficiency

    • Technological Innovations

    • Shift of Clinical Trials to Home Based testing

    • Regulatory and Operational Challenges

    Market Constraints

    • Update with Technological Innovations

    • Capital Investment


    Interesting Reads:

    Discover the world of market intelligence and how it can elevate your business strategies.

    Learn more about how market intelligence can enable informed decision-making, help identify growth opportunities, manage risks, and shape your business's strategic direction.

    Get Ahead with AI-Enabled Market Insights Schedule a Demo Now

    Schedule a Demo Now