Global Clinical-Laboratory services Market
The clinical-laboratory services are acknowledged to a vital aspect of the healthcare sector. This is because the maximum number diagnosis and testing for several diseases takes place in the clinical laboratories. The clinical laboratories provide accurate and reliable results because of which use of technologically advanced testing kits and devices is growing heavily. The treatment for any disease is based on the laboratory results of the same. The clinical-laboratory services industry is facing an exponential growth since past few years. The rise in the emergence of the infectious diseases across the globe is a primary growth factor causing such surge in the global market.
The increase in the number of people getting affected by communicable diseases rapidly is another factor driving the market growth. In addition to that the rise in the elderly population that are considered to be more vulnerable to the diseases demands services from the clinical laboratories on regular basis which in turn is boosting the growth of market. Moreover, the research and development activities in the industry have introduced various devices such as biochips, microarray and other such devices that are widely used in testing are boosting the growth of the market. The use of machinery assures minimum human interference and reduced error.
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The rise in the occurrence of several minor or chronic diseases such is anticipated to provide thrust to the growth of the industry. Furthermore, the rise in the healthcare expenditure and several initiatives taken by governments in order to improve clinical testing procedures is anticipated to cause rise in demand for these services in coming years. However factors such as deficiency of trained professionals, shortage of proper infrastructure in several economies might act as a hurdle for the market growth. Clinical laboratory services are facing a major challenge of shortages of personal protective equipment (PPE), specimen collection materials and test kits.
The key players contributing in the global clinical lab services industry includes ACM Medical Laboratory, Abbott Laboratories, Arup Laboratories, Adicon Clinical Laboratory, Bio-Reference Laboratories, Charles River Laboratories, Inc., Bioscientia Healthcare, and Clarient Inc. Other prominent players too have considerable contribution in this market which includes Genzyme Corporation, Genoptix Medical Laboratory, Healthscope Ltd., Labcorp, Intertek, Labco S.A., Lifelabs Medical Laboratory, Siemens Sonic Healthcare Limited, Qiagen, Quest Diagnostics, Inc., Unilabs and Spectra Laboratories. Product launch, partnership, collaboration & merger, R&D and acquistion are the key strategies adopted by the market players. Giants of healthcare industry such as Bioscientia Healthcare Group was acquired by Sonic Healthcare Limited in August 2007 creating a high growth in global clinical laboratory services market.
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Key segments of ‘Global Clinical Lab Services Market’
Based on type, the market has been segmented into,
- Clinical Chemistry
- Medical Microbiology & Cytology
- Human & Tumor Genetics
- Other Esoteric Tests
Based on service provider, the market has been segmented into,
- Hospital-based Laboratories
- Clinic-based Laboratories
- Stand-alone Laboratories
Based on region, the market has been segmented into,
- North America
- Asia Pacific
- South Africa
What to expect from the upcoming report on ‘Global Clinical Lab Services Market’:
– Future prospects and current trends of the global clinical lab services market by the end of forecast period (2018-2025)
– Information regarding technological progressions as well as innovations taking place in developing economies
– Supportive initiatives by government likely to influence the market dynamics
– Trends, drivers, opportunities, restraints, challenges and key developments in the market
– In-depth analysis of different market segmentations including regional segmentations, and product types
– Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market
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