Laboratory-Developed Testing Market Demand, Supply, Growth Factors, Latest Rising Trend & Forecast to 2027
Laboratory developed testing (LDTs) is used to measure or detect a wide variety of analytes such as proteins, chemical compounds like glucose or cholesterol, or DNA, in a sample taken from a human body. Some LDTs are comparatively simple tests that measure single analytes, such as a test that measures the level of sodium. Some other LDTs are complex and may measure or detect one or more analytes.
The laboratory-developed testing market is anticipated to grow due to rising demand for healthcare for chronic illnesses like cancer, and diabetes. However, lack of physical activity amidst a jungle of concrete, and unhealthy consumption of foods is restraining the market growth. Moreover, low cost of establishing testing centers, the growing preference of patients against hospitalization due to high costs, is expected to benefit the growth of the market in the forecast period.
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Top Leading Market Players:
1. Adaptive Biotechnologies Corporation
2. Biodesix and Helix
5. F. Hoffmann-La Roche Ltd
6. Guardant Health
9. Quest Diagnostics
10. Rosetta Genomics
Market Segmentation :
The laboratory-developed testing market is segmented on the basis of type, and application. Based on type the market is segmented as clinical biochemistry, molecular diagnostics, immunology, critical care, microbiology, haematology and others. On the basis of application the market is categorized as hospitals laboratory, specialty diagnostic centers, clinical research organizations, academic institutes and others.
Key Benefits :
To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Laboratory-Developed Testing Market.
To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the in laboratory-developed testing market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The laboratory-developed testing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting laboratory-developed testing market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the laboratory-developed testing market in these regions.
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Reasons to Buy the Report :
Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.
The Insight partners,
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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