Clinical Laboratory Services Market Set to Reach US$ 146.41 Billion by 2022 Growing at 5.2%, Dominated by Top Industry Executives CEOs, Vice Presidents and Sales Directors, Business Managers

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Clinical laboratory services market research study involves the extensive usage of secondary sources, directories, and databases (such as, Bloomberg Business, Factiva, and Dun & Bradstreet), in order to identify and collect information useful for this technical, market-oriented, and financial study of the clinical laboratory services market.

Clinical laboratory services market projected to reach USD 146.41 Billion by 2022 from USD 113.44 Billion in 2017, at a CAGR of 5.2%. Rising demand for early & accurate disease diagnosis, growing public-private investments and research funding & grants to develop innovative laboratory testing procedures, and advancements in clinical diagnostic techniques are key factors driving growth of market.

3 Executive Summary

4 Premium Insights
4.1 Clinical Laboratory Services Market Overview
4.2 Global Market, By Specialty
4.3 Clinical Laboratory Services Provider Market, By Region
4.4 Geographic Snapshot: Global Market

Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Global Burden of Target Diseases
5.2.1.2 Rising Demand for Early and Accurate Disease Diagnosis
5.2.1.3 Advancements in Clinical Diagnostic Techniques
5.2.1.4 Growing Public-Private Investments as Well as Research Funding & Grants to Develop Innovative Laboratory Testing Procedures
5.2.1.5 Rising Government Initiatives to Improve the Quality and Affordability of Clinical Diagnostic Testing Procedures
5.2.2 Restraints
5.2.2.1 Pricing Pressure Faced By Healthcare Payers and Providers
5.2.2.2 Procedural Shift From Lab-Based Diagnosis to Home-Based/Point-Of-Care Testing Procedures
5.2.3 Opportunities
5.2.3.1 Emerging Countries
5.2.3.2 Patient-Initiated Diagnostic Testing to Foster Market Growth in Developed Countries
5.2.3.3 Growing Adoption of Digital Pathology Platforms
5.2.3.4 Rising Preference for Comprehensive Health Checkups Offered By Clinical Laboratories
5.2.4 Challenge
5.2.4.1 Public Concerns Related to Data Security and Privacy

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Clinical laboratory services market report broadly segments the clinical laboratory services market into specilaty, provider, and region. On basis of specialty, the market is categorized into clinical chemistry, microbiology, hematology, immunology, cytology, genetic, and drugs of abuse testing. In 2017, the clinical chemistry segment is expected to account for the largest share of the market.

Key Audience of This Market Report:
• Clinical laboratory testing service providers
• Clinical laboratory testing kit manufacturers
• Healthcare service providers (such as hospitals and surgical centers)
• Physicians and pathology laboratory personnel
• Diagnostic & clinical testing laboratories
• Reference testing laboratories
• Laboratory product distributors and suppliers
• Health insurance companies/payers
• Pharmaceutical, biopharmaceutical, and biotechnology companies
• Market research and consulting firms

Key players in Clinical Laboratory Services Market are Mayo Medical Laboratories (US), Laboratory Corporation of America Holdings (US), Quest Diagnostics Incorporated (US), Spectra Laboratories Inc. (US), DaVita Healthcare Partners (US), Eurofins Scientific (Luxembourg), Unilabs (Switzerland), SYNLAB International (Germany), Bio-Reference Laboratories (US), Sonic Healthcare (UK), Cerba HealthCare (France), and among others

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Report covers Clinical Laboratory Services Market across four major geographies, namely, North America, Europe, Asia Pacific, & Rest of the World (RoW). Government initiatives to promote awareness about preventive screening, growing public & private funding for research on development of clinical laboratory tests, & increasing adoption of genome-based laboratory tests are driving market in this region.

It analyzes opportunities and challenges in market for stakeholders and provides details of competitive landscape for market leaders. Furthermore, report analyzes micro markets with respect to their individual growth trends, prospects, and contributions to total market. Report forecasts revenue of the market segments with respect to four main regions.

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