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Clinical Laboratory Services Market Future Demand (COVID 19 Impact Analysis) & Growth Analysis with Forecast up to 2027

10-12-2020 10:32 AM CET | Health & Medicine

Press release from: Data Bridge Market Research

Clinical Laboratory Services Market

Clinical Laboratory Services Market

According to Data Bridge Market Research the market for Clinical laboratory services in North America region has the highest market share followed by Europe and Asia-Pacific. The market leader Siemens Healthineers AG accounts an estimated market share of approximately 5% to 10%. The sales revenue of Siemens Healthineers AG has increased by 2.68% to generate sales revenue of USD 16,279.03 million 2019 as compared to 2018. According to Data Bridge Market Research the market for clinical laboratory services in North America region has the highest market share followed by Europe and Asia-Pacific. The market leader Siemens Healthineers AG accounts an estimated market share of approximately 40% of market share in the Americas. Siemens Healthineers AG is a worldwide leading provider of healthcare solutions and services, in more than 180 countries all over the world and additionally the company is continuously involved in the innovation its portfolio of diagnostic and therapeutic imaging and in laboratory diagnostics and molecular medicine products and services. The clinical laboratory services revenue of Siemens Healthineers AG has increased by 4%. Siemens Healthineers is also involved in development of its digital health services and enterprise services.

Clinical Laboratory Services Market has shown an exceptional specialty in the clinical testing such as clinical chemistry testing, clinical chemistry testing and microbiology testing in countries such as the U.S., U.K. Although less number of skilled and certified professionals are present in the market.

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Trends impacting the market

Now the question is which other regions Siemens Healthineers AG and Spectra Laboratories (Subsidiary of Fresenius Medical Care AG & CO. KGAA) are targeting? Data Bridge Market Research has forecasted a large growth in Europe clinical laboratory Services market and the market leaders targeting other European counties to be their next revenue pockets for 2019.

The clinical laboratory Services market is becoming more competitive every year with companies like Siemens Healthineers AG and Spectra Laboratories (Subsidiary of Fresenius Medical Care AG & CO. KGAA) are the market leaders for clinical laboratory services. The Data bridge market research new reports highlight the major growth factors and opportunities in the clinical laboratory services market.

New Clinical Laboratory Services Market Developments in 2019

In September 2019, Spectra Laboratories announced to construct a 200,000 square foot facility in Southaven's Stateline Business Park. More than 300 workers would check samples to assess the quality of the patients ' kidneys there. Quick distribution of test results by the agency, allowing patients to access the specific care they need in a timely manner. This expansion increases the productivity of the company which increases their market share.
In September 2018, DaVita Kidney Care, a subsidiary of DaVita Inc., a leading provider of kidney care services, announced the completion of a 150,000 square-foot facility of DaVita Laboratories, a clinical laboratory servicing the DaVita dialysis clinics and their clients. This expansion will increase the market value of the company. In July 2018, Capricor Therapeutics has formed collaboration with the U.S. Army Institute of Surgical Research (USAISR) to discover potential for CAP-2003 (exosomes) in order to address trauma-related conditions and injuries. The collaboration will help to test CAP-2003 as a tool for preservation of life.

Scope of the Clinical Laboratory Services Market

Global Clinical Laboratory Services Market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Brazil, South Africa among others.

All country based analysis of the clinical laboratory services market is further analyzed based on maximum granularity into further segmentation. On the basis of specialty, the market is segmented into clinical chemistry testing, microbiology testing, hematology testing, immunology testing, cytology testing, genetic testing and drugs of abuse testing. Based on provider, the market is segmented into independent & reference laboratories, hospital-based laboratories, nursing and physician office-based laboratories. On the basis of application, the market is segmented into drug discovery related services, drug development related services, bioanalytical & lab chemistry services, toxicology testing services, cell & gene therapy related services, preclinical & clinical trial related services and other clinical laboratory services.

Key Pointers Covered in the Clinical Laboratory Services Market Industry Trends and Forecast to 2027

Clinical Laboratory Services Market Size
Clinical Laboratory Services Regulatory Scenario
Clinical Laboratory Services Market Shares in different regions
Clinical Laboratory Services Recent Developments for Market Competitors
Clinical Laboratory Services Recent market value for different regions
Clinical Laboratory Services key vendors and disruptors study

Key Market Competitors Covered in the report

Mayo Foundation for Medical Education and Research (MFMER)
Laboratory Corporation of America Holding
Quest Diagnostics Incorporated
Spectra Laboratories (A Subsidiary of Fresenius Medical Care AG & Co. KGaA)
DaVita Inc.
Eurofins Scientific
UNILABS
SYNLAB International GmbH
MIRACA HOLDINGS Inc.
Sonic Healthcare
ACM Global Laboratories
amedes Group
LifeLabs
Alere (A Subsidiary of Abbott)
Charles River
Siemens Healthineers AG
BioReference Laboratories, Inc.
NeoGenomics Laboratories, Inc.
KingMed Diagnostics
Genomic Health

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Contact:

Data Bridge Market Research

US: +1 888 387 2818   

UK: +44 208 089 1725   

Hong Kong: +852 8192 7475

Email: Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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