Clinical Laboratory Services Market Demand Analysis 2025 - LabCorp, Sonic Healthcare, Quest Diagnostics, Abbott Laboratories
Thanks to the increasing prevalence of target infectious of diseases, the global market for clinic laboratory services is experiencing high growth in its valuation. With the significant rise in the testing sample volume, the demand for fundamental tests, such as HbA1c test, electrolyte testing, and metabolic panels, has increased, which is also propelling this market substantially. However, the safety profile and the usage of the of laboratory services is strictly regulated by the U.S. government via the Clinical Laboratory Improvement Amendments (CLIA). This control of the FDA over the lab-based test may slowdown this market to some extent in the near future.
Request Sample Copy of the Report @
Clinical laboratory services find significant application in drug discovery and development, toxicology testing, bioanalytical and lab testing, clinical and preclinical services, and cell and gene therapies. The expanding application range of these services in the medical and healthcare industry is projected to bring in revenue in this market over the next few years.
With the increasing research activities in the pharmaceutical industry directed towards drug discovery and developments, the leading players are focusing aggressively on technological advancements in these services. In a bid to enhance their presence, the focus of these players may shift towards mergers and acquisitions in the years to come.
Global Clinical Laboratory Services Market: Snapshot
Clinical laboratory services are a crucial part of the medical and healthcare industry. All sorts of diagnostic tests ranging from genetic analysis to blood tests are accomplished in these clinical laboratories in order to diagnose various diseases. Clinical laboratories provide services and information which help in maximizing the required deliveries in the healthcare system such as test results and diagnostics. It provides and assures correct test results that helps doctors to make accurate decisions related to diagnostics and therapeutics through various healthcare resources. It aids professionals to begin, adjust, and also put a halt to a course of treatment which would be met halfway in the absence of efficient clinical laboratory services.
Request TOC of the Report @
According a World Bank data, the global population is likely to surpass 7 billion by 2016 with the number of people suffering from various diseases also rising. The need for early diagnosis of diseases along with technologically advanced healthcare services is likely to propel the market growth for clinical laboratory services.
Global Clinical Laboratory Services Market: Trends and Opportunities
The global market for clinical laboratory services is expected to witness substantial growth over the coming years owing to the growing geriatric population and rising awareness among patients regarding early diagnosis of diseases. The demand for clinical laboratory services is gaining momentum with time owing benefits such as decreased frequency of physician visits and short hospital stays. Moreover, growing awareness pertaining to the early diagnosis of conditions in endocrinology, oncology, and gynecology is anticipated to further bode well for the growth of the global clinical laboratory services market. With the growing aged population, the susceptibility of patients towards obtaining infectious diseases is also rising, thus also giving rise to neurological and cardiovascular diseases. The industry is also likely to benefit from the adoption of the newly developed advanced products such as companion diagnostics, biochips, and microarrays.
The medical or clinical laboratory service market is governed by the existence of an ambiguous regulatory framework. This type of stringent regulatory framework is expected to limit the growth of the global clinical laboratory services market in the coming years. The regulatory framework of the market is set by organizational bodies such as the U.S. CE and FDA. There are basically no standard regulatory guidelines managing the diagnostic sector in emerging economies such as China and India. The dearth of sophisticated regulations and policies in developing countries with untapped opportunities is anticipated to inhibit the market growth.
Global Clinical Laboratory Services Market: Market Potential
To gain an established place in the market and present high-end clinical laboratory services in order to perform better, many leading companies are entering into strategic agreements, developing new products, and getting into mergers and acquisitions. One such recent event is when the industry giant LabCorp acquire Spokane-based PAML: Pathology Associates Medical Laboratories. Similarly, in the recent past, Abbott Molecular collaborated with Merck for developing and evaluating FISH-based companion diagnostic tests for the investigational cancer therapy of Merck.
Global Clinical Laboratory Services Market: Regional Outlook
Region-wise, the global clinical laboratory services market can be segmented into North America, Asia Pacific, Europe, and the Rest of the World. North America is likely to emerge as a prominent region in the global market owing to the presence of large volumes of tests and rising adoption of technologically advanced diagnostics. Europe is also expected to mark a presence in the market with growing awareness among consumers and abundance sophisticated diagnostic tests.
Read Comprehensive Overview of Report @
Global Clinical Laboratory Services Market: Vendor Landscape
The global clinical laboratory services market has leading companies such as Genptix Medical Laboratory, LabCorp, Sonic Healthcare, Quest Diagnostics, Abbott Laboratories, and Labco S.A., among others.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Clinical Laboratory Services Market Demand Analysis 2025 - LabCorp, Sonic Healthcare, Quest Diagnostics, Abbott Laboratories here
News-ID: 1116148 • Views: 504
More Releases from TMR Research
Insights Engines Market Size, Share, Growth and Regional Global Overview By Key …
Global Insights Engines Market: Snapshot As business enterprises expand their horizons, it becomes increasingly important to provide the workforce with access to information, and that too on a real-time basis. In the past few years, enterprises have been using question answering systems such as Siri in order to enhance workplace search facilities as well as collaborations among employees. Now, in the recent times, Cortana and Google Assistant are starting to gain
Continuous Delivery Market Trends to 2024 Profiling Top Key Players - XebiaLabs, …
Global Continuous Delivery Market: Snapshot Continuous delivery can be defined as the flexibility of a software providers to adopt changes in a safe and sustainable manner, such as adding new features, making configuration changes, fix bugs, and include experiments. Since the coding process is always in deployment mode, despite thousands of developers imparting changes at the same time on a daily basis. With continuous delivery, phases pertaining to integration, product testing,
Earphones and Headphones Market 2017-2025 : Sennheiser, Shure, Skullcandy, Bose, …
Global Earphones and Headphones Market: Overview Headphones are a pair of two simple speakers attached to a band that goes across the wearer’s head in such a manner that the speakers are positioned over the ears. This delivers a personal, immersive listening experience directly into the ears. The use of headphones is somewhat unique over traditional speakers as the latter vibrate large segments of air within a room to recreate
Position Sensor Market Trends and Prospects 2017-2025 : TE Connectivity Ltd., am …
Global Position Sensor Market: Overview Needless to explain its primary function, a position sensor helps to detect the position of an object from or to a fixed point. Position sensor provides the much important positional feedback for automobiles and robots. One of the easiest to use and most inexpensive types of position sensor is potentiometer. Linear variable differential transformer (LVDT), on the other hand, is an inductive position sensor that is
More Releases for Clinical Laboratory Services
Clinical Laboratory Services Market Size, Share | Industry Report 2026
The global Clinical Laboratory Services Market was valued at $188.5billion in 2018 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2026. Clinical Laboratory is a place where tests are done on clinical samples and specimens in order to get information about the health of the patient as pertaining to the prevention, treatment, and diagnosis of diseases. Laboratory services include testing of material, tissues or
Clinical Laboratory Services Market Drivers And Challenges
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 hospital-based laboratories, clinic-based laboratories and standalone laboratories. Major factors impacting the dynamics of global clinical laboratory service market include growing aging
Clinical Laboratory Services Market: Upcoming Demands and Growth Analysis 2025
Global Clinical Laboratory Services Market: Overview Thanks to the increasing prevalence of target infectious of diseases, the global market for clinic laboratory services is experiencing high growth in its valuation. With the significant rise in the testing sample volume, the demand for fundamental tests, such as HbA1c test, electrolyte testing, and metabolic panels, has increased, which is also propelling this market substantially. However, the safety profile and the usage of the
Clinical Laboratory Services Market : Global Industry Research & Forecast - 2025
Global Clinical Laboratory Services Market: Snapshot Clinical laboratory services are a crucial part of the medical and healthcare industry. All sorts of diagnostic tests ranging from genetic analysis to blood tests are accomplished in these clinical laboratories in order to diagnose various diseases. Clinical laboratories provide services and information which help in maximizing the required deliveries in the healthcare system such as test results and diagnostics. It provides and assures