Clinical Laboratory Services Market - Opportunities Summary by 2025 | LabCorp, Sonic Healthcare, Quest Diagnostics
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.
Get Brochure 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.
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.
Request TOC for Detailed Facts & Numbers @
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.
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.
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 - Opportunities Summary by 2025 | LabCorp, Sonic Healthcare, Quest Diagnostics here
News-ID: 1681448 • Views: 871
More Releases from TMR Research
KEY OPINION LEADER MANAGEMENT MARKET SCOPE, SEGMENTATION, DEVELOPMENT AND OPPORT …
Global Key Opinion Leader Management Market: Snapshot Key opinion leaders (KOLs) are trustworthy, influential, and experts of a particular field in the healthcare industry. Relationships of a firm with these KOLs is of great importance to manage and build a strong healthcare profile. These key opinion leaders go a long way towards educating the scientific and medical communities as well as help in increasing awareness pertaining to the recent developments in
SMART WATER GRID MARKET NEWER SEGMENTS OF APPLICATION 2025
Global Smart Water Grid Market – Snapshot The global smart water grid market is foreseen to experience its development prodded on the back of the prerequisite of managing old infrastructure, rise in information and communication technology (ICT), gap between supply and demand, water shortage, and several other factors. So as to guarantee smooth supply of water and keep a tab on its equal supply, smart water grid technology is expected to
DIGITAL UTILITY MARKET EXPANSION PROJECTED TO GAIN AN UPTICK DURING 2025
Global Digital Utility Market: Snapshot In the midst of surging demand for quick digitalization and green energy in the energy segment, the interest for digital utility system is rising notably. Penetration of digital innovations in the vitality sector and programs in nations, for example, India and China expected to fulfil local needs are foreseen to feed the demand for digital utility solutions. Get Exclusive PDF Sample Copy Of This Report: https://www.tmrresearch.com/sample/sample?flag=B&rep_id=3398 Rise in
WEB CONTENT MANAGEMENT MARKET VALUE PROJECTED TO EXPAND BY 2025
Global Web Content Management Market: Snapshot The global web content management market is anticipated to gain impetus due to the need for organizing and appropriately using content across various marketing channels such as social media and mobile, and not just the web. Web content management allows users to have a seamless web experience while helping organizations to digitally market their products and services. It helps both technical and non-technical users to
More Releases for Clinical
Clinical Research and Clinical Trials Summit
Clinical Research 2019 has been designed in an interdisciplinary manner with a multitude of tracks to choose from every segment and provides you with a unique opportunity to meet up with peers from both industry and academia and establish a scientific network between them. We cordially invite all concerned people to come join us at our event and make it successful by your participation. This is the premier interdisciplinary forum for
Clinical Trial Management System
According to a new market report published by Persistence Market Research “Global Market Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019” the global clinical trial management system market was valued at USD 844.0 million in 2013 and is expected to grow at a CAGR of 14% from 2014 to 2019, to reach an estimated value of USD 1,848.5 million in 2019. Request Report TOC @ https://www.persistencemarketresearch.com/methodology/3017
Clinical Chemistry Analyzers Sales Market
This report studies the global Clinical Chemistry Analyzers market status and forecast, categorizes the global Clinical Chemistry Analyzers market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). Get FREE and detailed sample copy of updated Analysis & Status @ https://www.researchtrades.com/request-sample/1556228 Scope
Clinical Nutrition Conference 2018
Clinical nutrition is essential for patients in healthcare to deal with sickness, injuries, surgery and for proper recovery. It helps in preventing malnutrition, restoring body tissue and boosting energy and immunity in the body. It can be provided with a proper diet plan and feeding the patient with essential foods that revive the patient’s body the patient can also be given healthy supplements for proteins, vitamins etc. The preferred route
According to a recent market report published by Persistence Market Research titled “Clinical Communication and Collaboration Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025),” revenue from the global clinical communication and collaboration market was US$ 138.5 Mn in 2012 and US$ 214.8 Mn in 2016, representing a CAGR of 11.6% from 2012 to 2016. This revenue growth is attributed to addition of new features in clinical communication and collaboration solutions.
Europe Clinical Nutrition Market
According to the report “Europe Clinical Nutrition Market,” published by Market Data Forecast, the global market is projected to reach USD 12.45 billion by 2021 from USD 9.65 billion in 2016, at a CAGR of 5.29% from 2016 to 2021. Clinical nutrition is the practice of analysing if a person is consuming an adequate amount of nutrients for good health. A clinical nutritionist is concerned with how nutrients in food are