With
the high incidence of debilitating health conditions such as
diabetes, cancer, and other chronic ailments, the demand for clinical
laboratory services has significantly increased among patients. The
clinical diagnostics, or in-vitro diagnostics market comprises
assays, instruments, and services that help in the diagnosis and
treatment of diseases. The global healthcare community foresees great
prospects for the clinical laboratory services market, since it
offers personalized medicine and administers accurate therapies at
the right time to the right patient with minimal risk of errors.
The
report on the global clinical laboratory services market provides an
all-encompassing overview of the prevailing trends and dynamics of
the market. It has adopted an analytical approach to study the growth
trajectory that the market exhibits. As a part of the study, the
report segments the global clinical laboratory services market into
four major categories based on the clinical diagnostics tests
performed in laboratories. These include human and tumor genetics,
medical microbiology and cytology, clinical chemistry, and other
esoteric tests.
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Clinical
laboratory services include several tests that help detect
abnormalities and disease progression, ranging from regular blood and
urine tests to sophisticated genetic analyses such as molecular
expressing testing, fluorescence in situ hybridization, and others.
Stand-alone laboratories, clinic-based laboratories, and
hospital-based laboratories are the key service providers in the
market.
Overview
of the Clinical Laboratory Services Market
The
global clinical laboratory services market is anticipated to exhibit
a 5.8% CAGR between 2013 and 2019. The market is expected to grow
from US$162.71 billion in 2012 to an estimated valuation of US$241.37
billion in 2019.
Increasing
prevalence of chronic ailments, especially among the geriatric
populace, is expected to boost the demand for clinical laboratory
services. In the U.S., the geriatric demographic is likely to expand
by 20% by 2030. Such an increase in the population of aging people in
the U.S. alone will result in higher volumes of clinical laboratory
testing.
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To
offer more accurate diagnosis, prominent market players such as
Abbott Diagnostics, Roche Holdings, Roche Holdings, Genomic Health,
and others are investing on the development of systems and products
that will help obtain highly accurate analysis of patient samples and
enable processing thousands of samples in time. Such research and
development activities will help the clinical laboratory services
market cope with the rising demand.
Over
the forecast period between 2013 and 2019, the clinical services
laboratory market in Asia Pacific is expected to register incredible
growth. Asia Pacific boasts a large population with high prevalence
of unmet medical needs. This provides a tremendous growth opportunity
for the clinical laboratory services market. In terms of revenue
generation, North America leads the market at present and is expected
to continue its dominance over the forecast period.
Companies
mentioned in the research report
The
global clinical laboratory services market is oligopolistic in
nature, with only a handful of major players collectively accounting
for over 50% of the market. Some of the leading players operating in
the market are Charles River Laboratories, Laboratory Corporation of
America Holdings, Genoptix Medical Laboratory, Bio-Reference
Laboratories, Quest Diagnostics, Inc., Sonic Healthcare, Spectra
Laboratories, Healthscope, Labco S.A., and Abbott Laboratories.
Clinical
Laboratory Services Market, by Test Type
- Clinical Chemistry
- Medical Microbiology & Cytology
- Human & Tumor Genetics
- Other Esoteric Tests
Clinical
Laboratory Services Market, by Service Provider
- Clinic-based
- Hospital-based
- Stand-alone
Major
regions analyzed under this research report are:
- Europe
- North America
- Asia Pacific
- Rest of the World
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key
highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
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