Clinical laboratory services cover medically necessary clinical diagnostic and laboratory tests including blood tests, urinalysis, tests on tissue specimens and others. Global clinical laboratory services market was valued at $113.56 billion in 2017 and expected to reach $147.21 billion by 2025 with a CAGR of 5.34% during the forecast period from 2019-2025. The factors such as growing public-private investments as well as research funding & grants to develop innovative laboratory testing procedures are fuelling the market growth. The factors like the procedural shift from lab-based diagnosis to home-based/point-of-care testing procedures & concern related to data security and privacy are declining the market growth. Growing adoption of digital pathology platforms and rising preference for comprehensive health check-ups offered by clinical laboratories are creating the opportunities for market growth.
Research Study Objectives:
- Define, estimate, and forecast the Clinical Laboratory Services market statistics by speciality, provider and regions concerning the individual growth drivers, market trends and their contribution toward the Clinical Laboratory Services market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Clinical Laboratory Services Market Analysis report.
- Analysis and conclusions on the future Clinical Laboratory Services market outlook.
Top-down and bottom-up approaches are used to validate the Clinical Laboratory Services Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the
market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Clinical Laboratory Services Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Clinical Laboratory Services market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Clinical Laboratory Services market segmentation is as follows:
By Specialty
- Immunology Testing
- Cytology Testing
- Genetic Testing
- Drugs of Abuse Testing
- Microbiology Testing
- Transplant Diagnostic Testing
- Infectious Disease Testing
- Others
- Clinical Chemistry Testing
- Therapeutic Drug Monitoring Testing
- Routine Chemistry Testing
- Endocrinology Chemistry Testing
- Specialized Chemistry Testing
- Others
- Haematology Testing
- Coagulation Testing
- Specialized Hematology Testing
- Routine Hematology Testing
By Provider
- Nursing and Physician Office-Based Laboratories
- Independent & Reference Laboratories
- Hospital-Based Laboratories
- Others
Geographical Analysis:
Clinical Laboratory Services Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore
and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Clinical Laboratory Services Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Clinical Laboratory Services Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Clinical Laboratory Services market players, such as
- Bioreference Laboratories, Inc.
- Quest Diagnostics Inc.
- Laboratory Corporation of America Holdings
- Labco S.A.
- Sonic Healthcare Ltd.
- Along with these companies, many other companies are considered in the report while analysing the Global Clinical Laboratory Services competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
