Clinical Laboratory Services Market Insight Forecast to 2025 and Key Players – Spectra Laboratories, Sonic Healthcare, Siemens, Quest Diagnostics, Qiagen, Laboratory Corporation Of America Holdings

Clinical Laboratory Services Market

Global Clinical Laboratory Services market is estimated at $205.56 billion in 2016 and is expected to reach $333.45 billion by 2023 growing at a CAGR of 7.1% from 2016 to 2023. The growing aging population, introduction of technologically advanced products and increasing the pace of R&D for new products are some factors boosting the market growth. In addition, growing numbers of FDA approvals for new diagnostics procedures will result in vendors focusing on the launch of new, time-saving, and cost-effective diagnostics procedures to increase their market shares. However, factors such as inadequate reimbursements and stringent government policies are restricting the market growth.

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Some of the key players in the market include:
Spectra Laboratories, Sonic Healthcare, Siemens, Quest Diagnostics, Qiagen, Laboratory Corporation Of America Holdings (LabCorp), Labco S.A, Healthscope, Genzyme, Genoptix Medical Laboratory, Clarient, Inc., Charles River Laboratories, Inc., Bioscientia Healthcare, Bio-Reference Laboratories, ARUP Laboratories (Associated Regional & University Pathologists Inc.) and Abbott Laboratories.

Amongst Test Type, clinical chemistry segment held the largest market share during the forecast period. The growth for this segment is owing to increase in demand for early disease diagnosis due to increasing occurrence of target diseases such as cardiovascular, diabetes, liver & kidney disorders and blood disorders. By service providers, stand-alone laboratories segment acquired the largest market share in the global market due to the wide range of tests offered by these labs, the presence of a new range of condition-specific markers and tests with advances in genomics & proteomics. In North America, U.S. registered the largest share during the forecast period. The factors responsible to largest regional share include presence of large test volumes and growing acceptance of sophisticated diagnostic technologies.

Test Types Covered:
-Medical Microbiology & Cytology
-Blood Bank/ Transfusion Medicine
-HLA Typing
-Toxicology
-Andrology
-Hematology
-Clinical Chemistry
-Endocrinology
-Biochemistry
-Human Genetics
-Tumor Genetics
-Other Esoteric Tests

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Applications Covered:
-Toxicology Testing Services
-Drug Discovery and Development Related Services
-Bioanalytical & Lab Chemistry Services
-Preclinical & Clinical Trial Related Services
-Cell & Gene Therapy Related Services
-Other Applications

Service Providers Covered:
-Clinic-Based Laboratories
-Contract Research Organization (CRO)
-Hospital-Based Laboratories
-Stand-Alone Laboratories

Table of Content:

1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Clinical Laboratory Services Market, By Test Type
6 Global Clinical Laboratory Services Market, By Application
7 Global Clinical Laboratory Services Market, By Service Provider
8 Global Clinical Laboratory Services Market, By Geography
9 Key Developments
10 Company Profiling

Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany

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Key features of the Worldwide 55 Market Research Report:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Tags: Clinical Laboratory Services Market

Source: IcrowdNewsWire