• Stacy Lawlor

Clinical Laboratory Services Market

Clinical Laboratory Services Market Size By Test Type (Human & Tumor Genetics, Clinical Chemistry {Routine Chemistry Testing, Specialized Chemistry Testing, Therapeutic Drug Monitoring (TDM) Testing, Endocrinology Chemistry Testing}, Medical Microbiology & Cytology, Other Esoteric Test), By Service Provider (Hospital-based Laboratories, Stand-alone Laboratories, Clinic-based Laboratories), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast


The Clinical laboratory services market has grown due to the increase in the incidence rate of diabetes, cancer, and other infectious diseases. As the patient pool increases, the demand for clinical laboratory services increases. Also, these services are cost-effective, and are 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.


The global 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 markets analyzed cover four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.


Objectives of the study are:

1. To define, describe, and forecast the overall market on the basis of specialty, provider, and region

2. To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

3. To strategically analyze micromarkets with respect to their individual growth trends, prospects, and contributions to the total market

4. To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

5. To forecast the clinical laboratory services market size (in terms of value) of individual segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)

6. To profile key players and comprehensively analyze their market shares and core competencies

7. To track and analyze competitive developments such as product launches; agreements, partnerships, and collaborations; mergers and acquisitions; and research and development activities in the global market


This research study involves the extensive usage of secondary sources, directories, and databases (such as, Bloomberg Business, Factiva, and Dun & Bradstreet), in order to identify and collect information useful for this technical, market-oriented, and financial study of the market. In-depth interviews were conducted with various primary respondents, including subject-matter experts (SMEs), C-level executives of key market players, and industry consultants to obtain and verify qualitative and quantitative information and to assess market prospects.


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.


KEY MARKET BENEFITS:

1. In-depth analysis is conducted based on market estimations of the key segments during 20142022.

2. Comprehensive analysis of factors that drive and restrict the growth of the world clinical laboratory market is provided in the report.

3. 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.

4.The key players along their growth strategies are provided to predict the competitive outlook of the market.

5. Analysis of current research and clinical developments within clinical laboratory market is provided with key dynamic factors that interpret the behavior of the market.

Technology Analysis

The presence of a cutting-edge medical care foundation and inescapable accessibility of lab specialists and experts is enhancing the development of the clinical laboratory services market in North America. In the meantime, APAC is additionally liable to stay under the venture radar of organizations working on a worldwide level. Moreover, the hierarchical and granular perspectives are utilized for confirmation of examination discoveries which are then checked utilizing a solid information triangulation strategy.

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