“Global Clinical Reference Laboratories Market by Manufacturers, Countries, Type and Application, Forecast to 2027 Report “Provides In-Depth Analysis of Parent Market Trends, Macro-Economic Indicators and Governing Factors Along With Market Attractiveness as Per Segments. Globally the market for Clinical reference laboratories is expected to grow at the rate of about 5.8 % from 2016 to 2027.
MarketResearchFuture.com adds “Clinical Reference Laboratories Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2027” reports to its database.
The global Clinical reference laboratory market has been evaluated as progressively growing market and it is expected that the market will continue to grow similarly in the near future. The adoption of the value based services has gained the pace as the hospitals nowadays have started outsourcing some part or even all of their pathology and radiology diagnostic services. One of the reason for increased outsourcing by hospitals is that the hospital budgets are becoming constrained as a result of declining Medicare reimbursements. The cut down in clinical lab reimbursement rates under Medicare have a profound impact on the U.S. lab industry. It was not limited to the direct billings, but the U.S. clinical labs that depends on Medicare for close to 20% of billings and for certain communities it is as high as 80% of business that got affected. In continuous efforts to protect the hospitals bottom line, many hospital CEOs are turning to outsource various value based services, various companies are rising to offer these diagnostic outsourcing contracts from hospitals. Hence, the increasing value based outsourcing from hospitals has enhanced the market for these independent reference laboratory services.
Furthermore investments in laboratory services has demonstrated lucrative in enhancing patient care as well as in delivering the much preferred ‘efficiencies’. Technology capable of performing repetitive activities at moderately high speed has developed to improve quality, consistency and effectiveness. The result of tests on samples that used to take hours to process can now be found in a matter of minutes. Automation in the laboratory has a significant impact in microbiology and histopathology. The most significant innovation is the development of genetics and molecular technologies into mainstream medicine which will have substantial impact on the health of the population, clinical practice and the management of patients
Test the market data and market information presented through more than 50 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Clinical reference laboratory Market Research Report –Global Forecast to 2027
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Global Clinical reference laboratory Market Players:
Some of the key players in this market are: Laboratory Corporation of America, KingMed Diagnostics, Aurora Diagnostics, Sonic HealthCare Limited, Synlab International GmbH, Bioreference Laboratories, Unilabs, Clinical Reference Laboratory, ARUP Laboratories, Quest Diagnostics and others.
The report for clinical reference laboratories market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of top key players in the industry. The report also gives a broad study of the different markets segments and regions
- The Clinical reference laboratories global market is expected to reach $247 billion by 2027.
- Hospital based segment holds the largest share of around 45% of the market.
- North America holds the largest market share of ~47%% of Clinical reference laboratories market and is anticipated to reach $115 billion by the end of forecast period.
- Globally, Europe and Asia-Pacific are expected to be fastest growing region and are anticipated to grow at the rate of ~6% during the forecast period.
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Clinical reference laboratories market has been segmented on the basis of service providers which comprises of Stand Alone, Hospital Based and Clinical Based. On the basis of applications which comprises of Laboratory medicine, clinical trials and others
Depending on geographic region, Clinical reference laboratory market is segmented into four key regions: America, Europe, Asia-Pacific, and Middle East & Africa. Globally America is the largest market for Clinical reference laboratory. North American region is the leading market in the America region with countries like United States and Canada playing a major role in the industry. Europe is the second-largest market globally for Clinical reference laboratory which is expected to continue its growth in the near future. Asia pacific region is expected to be fastest growing region in Clinical reference laboratory market.
What makes our report unique?
1) An extensive research study on the Global Clinical Reference Laboratories Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Clinical Reference Laboratories Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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