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Clinical Laboratory Services Market Outlook, Opportunities, Challenges, Trends, Size and Growth Rate by 2023
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Some of the factors driving the growth of the global clinical laboratory services market are advances in diagnostic techniques, increasing geriatric population, increasing healthcare providers’ compliance for diagnostic test and services, and increasing investment by big biopharmaceutical companies in the clinical laboratory services market.
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Geographically, North America leads the global clinical laboratory services market due to high healthcare expenditure, high proportion of geriatric population, and high healthcare providers’ compliance for clinical laboratory services instruments. The high prevalence of chronic diseases also fuels the growth of the global clinical laboratory services market.
Asia-Pacific is the fastest growing region in the global clinical laboratory services market. The major reasons for the fastest growth in the region are increasing healthcare expenditure, increasing geriatric population, and improving healthcare infrastructure. Moreover, the clinical laboratory services market is growing rapidly due to the increasing prevalence of chronic diseases and increasing investment by pharmaceutical companies in clinical laboratory services market in emerging economies, such as India and China.
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Some of the major players operating in the global clinical laboratory services market are ARUP Laboratories, Abbott Laboratories, Bio-Reference Laboratories, Charles River Laboratories, Bioscientia Healthcare, Genoptix Medical Laboratory, Healthscope Ltd, Laboratory Corporation Of America Holdings, Labco S.A., Quest Diagnostics Inc., Spectra Laboratories, Sonic Healthcare Limited, and Genoptix Medical Laboratory.
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