Clinical Laboratory Services Market Insights and Analysis to 2026
Clinical Laboratory Services Market Outlook
2019-2026:
Clinical laboratories are an integral part of
healthcare industry. All the diagnostic tests, which range from blood test to
genetic analysis, are performed in these clinical laboratories to diagnose
different diseases. Clinical laboratories give information and services, which
contribute to maximize the necessary delivery in the healthcare system such as
diagnostics and tests results. It assures and provides correct and accurate
test results that enable physicians to make right therapeutic and diagnostic
decisions through different levels of healthcare resources. It helps
professionals to start, adjust, and also stop a course of treatment, which
would be compromised in absence of clinical laboratory services.
Global Clinical
laboratory services market is in emerging state due to the increase in
incidence rate of diabetes, cancer, and other infectious diseases; as the
number of patient pool increases, the demand for clinical laboratory services
increases. Also, these services are cost-effective, and form the least invasive
method for clinical decision making. These medical technologies provide
flexibility in healthcare management by early diagnosis that improves disease
treatment. In addition, introduction of new technologies that provide faster
analysis, and are user-friendly contribute towards the market growth of
clinical laboratory services. However, factors such as inadequate
reimbursements, lack of skilled professionals, and stringent government
policies impede the growth of the market.
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The world clinical laboratory services market
has been segmented based on type, service providers, and geography. Based on
type, it is divided into clinical chemistry, medical microbiology &
cytology, human & tumor genetics, and other esoteric tests. Based on
service providers, the market is categorized into hospital-based laboratories,
clinic-based laboratories, and stand-alone laboratories. The market is analyzed
on the basis of four regions, namely, North America, Europe, Asia-Pacific, and
LAMEA.
Product launch, collaboration & merger,
and acquisition are the key strategies adopted by market players. Healthcare
giant such as Sonic Healthcare Limited has acquired Bioscientia Healthcare
Group in August 2007 creating a high growth in clinical laboratory services
market.
Comprehensive competitive analysis and
profiles of major market players such as Siemens AG, Quest Diagnostics, Inc.,
Sonic Healthcare Limited, Abbott Laboratories, Cinven, Carlyle Group and TPG
Capital, NeoGenomics, Inc., Sanofi S.A., OPKO Health, Inc. and Novartis
International AG is also provided in this report.
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KEY MARKET BENEFITS:
- In-depth analysis is conducted based on market
estimations of the key segments during 20142022.
- Comprehensive analysis of factors that drive and
restrict the growth of the world clinical laboratory market is provided in
the report.
- Exhaustive analysis of the market by type and service
providers helps understand different aspects of clinical laboratory that
are currently used along with the variants that would gain prominence in
future.
- The key players along their growth strategies are
provided to predict the competitive outlook of the market.
- Analysis of current research and clinical developments
within clinical laboratory market is provided with key dynamic factors
that interpret the behavior of the market.
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