Clinical Laboratory Services Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- 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.
Global 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.
Scope of Global 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.
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Global 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.
Key Players for Global Clinical Laboratory Services Market Report-
Global clinical laboratory services market report covers prominent players likeSiemens AG, Sonic Healthcare Limited, Carlyle Group, NeoGenomics, Inc., OPKO Health, Inc., Quest Diagnostics, Inc., Abbott Laboratories, Cinven, Sanofi S.A., Novartis International AG, and TPG Capital.
Quest Diagnostics Completed Acquisition of Laboratory Services Business of Boyce & Bynum Pathology Laboratories
February 11th, 2019; Quest Diagnostics the world’s leading provider of diagnostic information services, announced that it has completed its previously announced acquisition of the clinical laboratory services business of Boyce & Bynum Pathology Laboratories (BBPL), a leading provider of diagnostic and clinical laboratory services in the Midwest.Through a separate professional services agreement, Boyce and Bynum Pathology Professional Services, Inc. is now the exclusive pathology provider for Quest Diagnostics clients in Missouri and a preferred pathology provider in the greater Midwestern region.
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Global Clinical Laboratory Services Market Dynamics –
Clinical laboratory services market is in its developing stage due to the increasing incidence rate of diabetes, cancer, and other infectious diseases; as the number of patient pool increases and leads to foster the demand for clinical laboratory services. According to National Cancer Institute, the number of new cases of cancer is 439.2 per 100,000 men and women per year between 2011-2015 cases. The number of cancer deaths is 163.5 per 100,000 men and women per year between 2011-2015 cases. However, factors such as inadequate reimbursements, lack of skilled professionals, and stringent government policies may hinder the growth of the market. Additionally, independent laboratories are also anticipated to grow at a higher CAGR during the forecast period, due to the increase in initiatives by significant market players to introduce innovative solutions in disease detection technology have open wider opportunity to the growth of the market.
Global Clinical Laboratory Services Market 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.
Key Benefits for Global Clinical Laboratory Services Market Report–
Global Clinical Laboratory Services Market report covers in depth historical and forecast analysis.
Global Clinical Laboratory Services Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Clinical Laboratory Services Market report helps to identify opportunities in market place.
Global Clinical Laboratory Services Market report covers extensive analysis of emerging trends and competitive landscape.
Global Clinical Laboratory Services Market Segmentation: –
Medical Microbiology & Cytology
Human & Tumor Genetics
Other Esoteric Tests
By Service Provider:
By Regional & Country Analysis:
The Middle East and Africa
Rest of Middle East and Africa
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Clinical Laboratory Services Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Clinical Laboratory Services Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Clinical Laboratory Services Market: Trends
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Consumers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitute Product and Services
2.8.5. Competitive Rivalry within the Industry
2.9. Market Attractiveness Analysis
2.9.1. Market Attractiveness Analysis by Segmentation
2.9.2. Market Attractiveness Analysis by Region
3. Chapter – Global Clinical Laboratory Services Market Overview: Quantitative Analysis
4. Chapter –Clinical Laboratory Services Market Analysis: by Test Type
5. Chapter –Clinical Laboratory Services Market Analysis: by Service Provider
6. Chapter – Clinical Laboratory Services Market Analysis: by Manufacturer
7. Chapter –Clinical Laboratory Services Market: Regional Analysis
8. Chapter – Company Profiles
8.1. Siemens AG
8.1.3. Product portfolio
8.1.4. Siemens AG Total Company Sales 2015-2025
8.1.5. Siemens AG Total Company Sales, By Segment of Business 2015-2025
8.1.6. Siemens AG Total Company Sales, By Region 2015-2025
8.1.7. Business strategy
8.1.8. Recent developments
8.2. Sonic Healthcare Limited
8.3. Carlyle Group
8.4. NeoGenomics, Inc.
8.5. OPKO Health, Inc.
8.6. Quest Diagnostics, Inc.
8.7. Abbott Laboratories
8.9. Sanofi S.A.
8.10. Novartis International AG
8.11. TPG Capital
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