Published by Coherent Market Insights
Posted on September 30, 2021
5 min readLast updated: February 1, 2026
The Clinical Laboratory Services market is set to grow significantly from 2021 to 2027, driven by chronic diseases, aging populations, and Covid-19 testing demands.
The Clinical Laboratory Services Market is predicted to possess a highly positive outlook over the forecast period 2021-2027 consistent with a research report. The report stresses the foremost recent advancements, development, new chances, and growth. It gives a comprehensive position of the Clinical Laboratory Services. The Clinical Laboratory Services research report covers this scenario and therefore the growth prospects of the worldwide Clinical Laboratory Services Industry for 2021-2027. The report enlists several important factors, ranging from the fundamentals to advanced market intelligence which plays an important part in strategizing. Clinical Laboratory Services manufacturers and may be a valuable source of guidance and direction for companies and individuals curious about the Clinical Laboratory Services industry.
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Key Vendors of Clinical Laboratory Services Market:
Abbott Laboratories, Laboratory Corporation of America Holdings (Labcorp), Bio-Reference Laboratories, ARUP Laboratories, Charles River Laboratories, Labco S.A., Genoptix Medical Laboratory, Quest Diagnostics, Inc., Healthscope Ltd., Spectra Laboratories, Sonic Healthcare Limited
Clinical laboratory services play a vital role in the ongoing care and treatment of patients. With advances in scientific research and other factors like economy and priorities, the scope of clinical laboratory services has grown. This service provides for the management and care of samples and related materials from diagnosis to treatment. This is an area of science that ensures that results are applicable to real-life situations and can be easily transferred to other medical fields for further study.
Market Dynamics
High prevalence of chronic diseases is expected to propel growth of the clinical laboratory services market. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.
Moreover, increasing geriatric population is also expected to aid in growth of the global clinical laboratory services market. For instance, according to United Nations Population Fund, geriatric population in Asia Pacific is expected to triple between 2010 and 2050 to reach 1.3 billion people by 2050.
Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the clinical laboratory services market. For instance, in December 2020, Albuquerque, U.S-based Southwest Labs announced to provide access to Covid-19 testing at the Albuquerque International Sunport through a partnership with the city.
Clinical Laboratory Services Market Reports cover complete modest outlook with the market stake and company profiles of the important contestants working in the global market. The Clinical Laboratory Services Market offers a summary of product Information, production analysis, technology, product type, considering key features such as gross, gross margin, gross revenue, revenue, cost.
Key Stakeholders Covered within this Clinical Laboratory Services Market Report:
Lastly, this report covers the market Outlook and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the significant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an short summary on potential regional market.
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The post Clinical Laboratory Services Market to Witness an Outstanding Growth During 2021 – 2027 appeared first on Gatorledger.
The article discusses the growth prospects of the Clinical Laboratory Services market from 2021 to 2027.
Chronic diseases, aging populations, and Covid-19 testing are key drivers of market growth.
Key vendors include Abbott Laboratories, Labcorp, and Quest Diagnostics.
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