Clinical Laboratory Services Market Size, Demand, Trend, Gross Margin and Forecasts to 2023

 Clinical Laboratory Services Market Size : By Type (Biochemistry, Endocrinology, Microbiology, Hematology, Histopathology, Cytology, Genetic Testing and Others), By Application (Independent, Laboratory, Reference Laboratory and Hospital Laboratory) and Region (Americas, Europe, Asia Pacific, and The Middle East & Africa) – Global Forecast till 2023

Market Overview:

According to Market Research Future (MRFR)’s analysis, the global Clinical Laboratory Services Market Size is set to touch a valuation of USD 274450 Mn during the forecast period 2018 to 2023. The rising burden of chronic diseases such as cancer, diabetes, etc. is poised to dictate the growth trajectory of the global market in the forthcoming years.

Global Clinical Laboratory Services Market – Competitive Dashboard:

Some of the prominent players operating in the global Clinical Laboratory Services Market Size are Mayo Medical Laboratories, Quest Diagnostics Incorporated, Spectra Laboratories Inc, Laboratory Corporation of America Holdings, Eurofins Scientific, Unilabs, Bio-Reference Laboratories, Synlab International, Sonic Healthcare, ACM Medical Laboratory, Cerba Healthcare, Clinical Reference Laboratory, Amedes Holdings, Adicon Clinical Laboratory, and Lifelabs Medicals Laboratories.

Rising awareness about diseases has fueled demand for early diagnosis. This, in turn, has led to a drastic increase in expenditures for preventive healthcare. It is projected to catalyze the growth of the Clinical Laboratory Services Market Size across the projection period.

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Investments are anticipated to flow towards the development of advanced tests with higher precision and accuracy. The rapid developments in the healthcare sector coupled with extensive research & development is presumed to encourage the proliferation of the market in the foreseeable future. Innovation is the key focus for the market participants. They are strategizing mergers & acquisitions, collaborations, etc. for the acceleration of revenue creation. The market has been predicted to remain lucrative through the projection period.

Global Clinical Laboratory Services Market – Segmental Analysis:

This MRFR report offers a detailed segmental analysis of the global Clinical Laboratory Services Market Size based on type and application. By type, the market is segmented into biochemistry, endocrinology, microbiology, hematology, histopathology, cytology, genetic testing, and others. Among these, the hematology segment held 25.6% market share in 2017. It is estimated to retain its dominant position through the forecast period. The growth of the segment can be ascribed to the large-scale prevalence of blood cancer. As per the 2018 statistics revealed by the Leukemia & Lymphoma Society, around 60,300 people are projected to be diagnosed with leukemia, whereas, 24,370 people are expected to succumb to the disease.

By application, the global Clinical Laboratory Services Market Size has been segmented into independent laboratory, reference laboratory, and hospital laboratory. Among these, the hospital laboratory segment is likely to dominate the global market over the assessment period. The valuation of the segment has been predicted to grow from USD 152,574 Mn in 2017 to USD 185,982 Mn by 2023-end. Factors such as the availability of different tests and favorable reimbursement policies for tests in the region are presumed to drive the growth of the Clinical Laboratory Services Market Size in the foreseeable future.

Research Methodology:

MRFR leverages its optimum statistical solution for assessment of critical elements to ensure the deliverance of in-depth Clinical Laboratory Services Market Size foresight. The multi-layered research module is utilized for qualitative and quantitative analysis of governing factors and macroeconomic indicators of the market such as current market dynamics, historical trends, consumer landscape, growth opportunities, and challenges. Primary and secondary research processes form the foundation of the research methodology utilized for prudent Clinical Laboratory Services Market Size analysis. The collected data is verified through inputs from surveys, personal interviews, research publications, paid databases, and other credible sources available in public domain. In addition, the top-down and bottom-up approaches are employed for authentication of research findings which are then verified using a strong data triangulation technique.

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Other Description

  • Clinical Laboratory Services Market Size Denomination- USD Mn
  • Base Year- 2017
  • Forecast Period- from 2018 to 2023

For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for Clinical Laboratory Services Market Size

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Market Research Future

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Email: sales@marketresearchfuture.com 

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