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Medical And Diagnostic Laboratory Services Market Global Competitive Analysis and Forecast 2020-2030 | COVID-19 Impact And Recovery
Medical And Diagnostic Laboratory Services Market
The global medical and diagnostic laboratory services market is expected to decline from $126.4 billion in 2019 to $108.8 billion in 2020 at a compound annual growth rate (CAGR) of -14%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The decline is mainly because the governments across the countries prioritized covid-19 screening and imaging is not routinely used to screen for COVID-19. COVID-19 is mainly through molecular and RT PCR based tests. Most of the medical and diagnostic laboratories are currently shutdown, and few top facilities are asked to reschedule any nonurgent, outpatient imaging visits as necessary to help keep patients and staff safe. Additionally, due to extending lockdown, there are many cancellations of pre-scheduled patient visits. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $170.3 billion in 2023.
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The medical and diagnostic laboratory services market consists of sales of medical and diagnostic laboratory services and related goods by entities (organizations, sole traders and partnerships) that provide diagnostics tests for various diseases. This industry includes CT scan centers, X- ray centers and other clinics that undertake disease diagnosis.
Paper diagnostics can be used as replacement of color based tests on paper for the ease of use, storage and as effective cost measures. Assay wells are printed onto a piece of paper of the size of a postal stamp; samples such as blood, urine or sweat wick through the paper and color changes can be easily compared by users with the reference scale on the paper. It is a significant technology which can help access to 60% of the world population who do not have access to urban hospitals and medical infrastructure. Thus, this technique has scope to significantly expand the diagnostic reach and can expand the medical and diagnostic laboratories market
Medical And Diagnostic Laboratory Services Market Segmentation: -
By Type
Diagnostic Imaging Centers
Medical Laboratory Services
By Application
Cardiology
Oncology
Neurology
Orthopedics
Gastroenterology
Gynecology
Others
By End User Gender
Male
Female
By Type of Expenditure
Public
Private
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Few Points From Table Of Content
1. Executive Summary
2. Medical And Diagnostic Laboratory Services Market Characteristics
3. Medical And Diagnostic Laboratory Services Market Size And Growth
4. Medical And Diagnostic Laboratory Services Market Segmentation
5. Medical And Diagnostic Laboratory Services Market Regional And Country Analysis
......
25. Medical And Diagnostic Laboratory Services Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Medical And Diagnostic Laboratory Services Market
27. Medical And Diagnostic Laboratory Services Market Trends And Strategies
28. Medical And Diagnostic Laboratory Services Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Medical And Diagnostic Laboratory Services Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Medical And Diagnostic Laboratory Services Market are Quest Diagnostics Inc; Sonic Healthcare Limited; Eurofins; OPKO Health Inc; Medical And Diagnostic Laboratory Services
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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