Research Reports
Clinical Laboratory Services Market Trends, Scope, Value, Demand and Supply, Regional Forecast by 2025 | Abbott Laboratories, Cinven, Sanofi S.A., Novartis International AG, TPG Capital
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The Clinical Laboratory Services Market is projected to grow from USD 23016.2 Million in 2018 to USD 36717.9 Million by 2025, driven by technological advancements and increasing demand.
Market Overview:
Clinical Laboratory Services Market is valued at USD 23016.2 Million in 2018 and expected to reach USD 36717.9 Million by 2025 with the CAGR of 6.9% over the forecast period.
Growing incidences of several orthopedic disorders, arrival of 3D imaging technology and rising preference to portable point-of-care devices are the some of the major factors driving the market growth.
Clinical Laboratory Services Market Segmentation:
By Type:- Clinical Chemistry, Medical Microbiology & Cytology, Human & Tumor Genetics, Other Esoteric Tests
By Service Provider:- Hospital-Based Laboratories, Clinic-Based Laboratories, Stand-Alone Laboratories
Regional & Country Analysis:
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Scope of Clinical Laboratory Services Market Report-
Clinical laboratory services are tests provided by medical labs which helps in diagnosis and treatment of patients. This includes a public health role in detection, prevention, and control of communicable diseases. These laboratories are manned by medical technologist (clinical laboratory scientist) who is trained to perform various tests to sample of biological specimens collected from its patients. Most of the clinical laboratories are suited within or near hospital facilities to provide easy access to both physicians and their patients. Clinical laboratory services are almost cost effective, and least invasive source of the objective information used in clinical decision-making. Clinical laboratory services have a straight impact on many aspects of patient care including, but not limited to length of stay, patient safety, resource utilization and customer satisfaction. Thus, the clinical laboratory professional is a crucial partner in providing patient care, and making direct improvements in the lives of patients, in the maintenance of the public’s health, and in the efficacy of individual health care providers.
Clinical laboratory services market report is segmented on the basis of type, service providers and regional & country level. Based on type, global clinical laboratory services market is classified as clinical chemistry, medical microbiology & cytology, human & tumor genetics, and other esoteric tests. Based upon service providers, global clinical laboratory services market is classified into hospital-based laboratories, clinic-based laboratories and stand-alone laboratories.
The regions covered in this clinical laboratory services market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of clinical laboratory services is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Clinical Laboratory Services Market Key Players:
Clinical laboratory services market report covers prominent player like.
Siemens AG
Sonic Healthcare Limited
Carlyle Group
NeoGenomics, Inc.
OPKO Health, Inc.
Quest Diagnostics, Inc.
Abbott Laboratories
Cinven, Sanofi S.A.
Novartis International AG,
TPG Capital
Clinical Laboratory Services Market Segmentation:-
By Type:- Clinical Chemistry, Medical Microbiology & Cytology, Human & Tumor Genetics, Other Esoteric Tests
By Service Provider:- Hospital-Based Laboratories, Clinic-Based Laboratories, Stand-Alone Laboratories
Regional Analysis:
North America dominates the clinical laboratory services market due to the presence of key players that provide advanced test solutions and the rise in chronic diseases prone elderly population in this region. According to National Health Council, generally incurable and ongoing, chronic diseases affect approximately 133 million Americans, representing more than 40% of the total population of this region. By 2020, that number is projected to grow too an estimated 157 million, with 81 million having multiple conditions. Asia Pacific is the third largest market for clinical laboratory services market due to rising need of clinical laboratory services in developing countries like India and China.
Frequently asked questions (FAQs) about the report
Yes. The Clinical Laboratory Services market report can be customized according to your needs. For instance, the company can be profiled you ask for while specific region/country analysis can be focused that meets your interests. You can talk to our research analyst about your exact requirements and UMR will accordingly tailor the required report.
Yes, the market report can be further segmented on the basis of data availability and feasibility. We can provide a further breakdown in product types and applications (if applicable) by size, volume, or revenue. In the market segmentation part, the latest product developments and customer behavior insights are also included to give an in-depth analysis of the market.
Yes. The market research report covers the detailed analysis of COVID-19 impact on the market. Our research team has been monitoring the market closely while it has been conducting interviews with the industry experts to get better insights on the present and future implications of the COVID-19 virus on the market.
The market report provides vital information on the strategies deployed by industry players during the COVID-19 crisis to maintain their position in the market. Along with this, it also shares crucial data on product developments due to the inevitable pandemic across the globe.
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The article discusses the growth and trends of the Clinical Laboratory Services Market up to 2025.
Technological advancements and rising demand for portable point-of-care devices are key drivers.
North America dominates due to advanced test solutions and a high prevalence of chronic diseases.
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