Clinical Laboratory Services Market Estimated to Experience a Hike in Growth by 2023

Clinical laboratories are an integral part of the healthcare industry. All the diagnostic tests, which range from blood test to genetic analysis, are performed in these clinical laboratories to diagnose different diseases. Clinical laboratories give information and services, which contribute to maximizing the necessary delivery in the healthcare system such as diagnostics and tests results.

It assures and provides correct and accurate test results that enable physicians to make the right therapeutic and diagnostic decisions through different levels of healthcare resources. It helps professionals to start, adjust, and also stop a course of treatment, which would be compromised in absence of clinical laboratory services.

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Clinical laboratory services market is in an emerging state due to the increase in incidence rate of diabetes, cancer, and other infectious diseases; as the number of patient pool increases, the demand for clinical laboratory services increases. Also, these services are cost-effective and form the least invasive method for clinical decision making. These medical technologies provide flexibility in healthcare management by an early diagnosis that improves disease treatment.

In addition, the introduction of new technologies that provide faster analysis, and are user-friendly contribute to the market growth of clinical laboratory services. However, factors such as inadequate reimbursements, lack of skilled professionals, and stringent government policies impede the growth of the market.

Major Players:

•Siemens AG
•Quest Diagnostics Inc.
•Sonic Healthcare Limited
•Abbott Laboratories
•Cinven
•Carlyle Group
•TPG Capital
•NeoGenomics Inc.
•Sanofi S.A.
•OPKO Health Inc.
•Novartis International AG

KEY MARKET BENEFITS:

•In-depth analysis is conducted based on market estimations of the key segments during 20142022.

•Comprehensive analysis of factors that drive and restrict the growth of the world clinical laboratory market is provided in the report.

•Exhaustive analysis of the market by type and service providers helps to understand different aspects of a clinical laboratory that are currently used along with the variants that would gain prominence in the future.

•The key players along their growth strategies are provided to predict the competitive outlook of the market.

•Analysis of current research and clinical developments within the clinical laboratory market is provided with key dynamic factors that interpret the behavior of the market.

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