Global Clinical Laboratory Services Market to Mid US$ 300 Billion Level by 2024

Clinical Laboratory Services Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 20172025

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REPORT DESCRIPTION Clinical Laboratory Services Market – Overview Around 70% of medical decisions are based on lab results, as revealed by statistic released by Quest Diagnostics.

Thus, optimization of laboratory facilities to deliver quality and cost-effective patient care is of utmost importance for clinical laboratory service providers. The three major types of clinical laboratory service providers are hospitalbased laboratories, clinic-based laboratories and standalone laboratories. Major factors impacting the dynamics of global clinical laboratory service market include growing aging population, increasing disease burden, and increasing number of preventive health check-ups.

The global clinical laboratory services market was valued at US$ 168.9 billion in 2015 and is projected to expand at a CAGR of 7.3% during the forecast period (2016 – 2024).According to the U.S. Census Bureau Report in 2015, around 8.5% of the world population was aged 65 years and above, which is expected to reach 12% of the world population by 2030. Moreover, the report states that growth of the geriatric population would be significantly higher in developing regions of Asia and Latin America. The report further stats that deaths due to non-communicable diseases such as cardiovascular diseases, lung disorders, cancer, and stroke is increasing at a rapid rate across the globe. This alarming trend is especially prevalent in the developing countries in Asia, Africa, and Latin America.

Thus, increasing elderly population and growing risk of diseases, especially non-communicable diseases is projected to significantly increase test volumes for clinical laboratory service providers during the forecast period. Š Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Clinical Laboratory Services Market Segmentation: Global Clinical Laboratory Services Market, By Test Type: ●

Clinical Chemistry

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Medical Microbiology & Cytology

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Human & Tumor Genetics

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Other Esoteric Tests

Global Clinical Laboratory Services Market, By Service Provider: ●

Clinic-based

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Hospital-based

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Standalone

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REPORT DESCRIPTION Clinical Laboratory Services Market: Key Players ●

Abbott Laboratories.

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Bio-Reference Laboratories.

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ARUP Laboratories.

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Charles River Laboratories.

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Labco S.A.

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Genoptix Medical Laboratory.

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Quest Diagnostics, Inc.

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Healthscope Ltd.

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HEALTHCARE IT

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MEDICAL DEVICES

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