Global Food Service Distribution Software Market 2021: Growth Factors Details and Competitive Analysis 2029

Market Overview: The global clinical diagnostics market size was valued at USD 50,025 million in 2019 and is expected to expand at a CAGR of 6.5 % during the forecast period, 2020–2029. Clinical diagnostics include medical tests carried out in pathology or diagnostic laboratory or hospital or some other medical facility for the assessment or detection of any disease or other medical conditions. 

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The Major Players Covered in this Report: Roche Diagnostics, Abbott Laboratories, Becton, Dickinson and Company, Bio-Rad Laboratories Inc., BioMérieux, Danaher Corporation, Qiagen, Thermo Fisher Scientific Inc., Sysmex Corporation, Charles River Laboratories, Quest Diagnostics Inc., Bioscientia Healthcare and others. With the increasing technological advances in clinical diagnostics, more companies are expected to penetrate the market in the coming future., & more...

By Type of Tests, Lipid Profile, Metabolic Testing, Infectious Disease Testing, Liver profiling, Renal profiling, Complete blood count, Electrolyte testing, Therapeutic drug monitoring, Others, By Product, Instruments, Reagents, Assays, and Kits, Software, Others, By End-User, Hospital, Diagnostic Laboratory, Others,

Recent Developments:
1. In November 2019, Roche diagnostics and GE healthcare entered into a partnership agreement to develop an integrated digital diagnostics platform to improve oncology and critical care treatment.

2.In June 2019, QIAGEN diagnostics and DiaSorin Italy-based clinical diagnostic laboratory collaborated to offer a fully automated tuberculosis detection QuantiFERON TB gold plus analyzer system.

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Clinical Diagnostics in the APAC Region:
The Asia-Pacific region is anticipated to hold the largest market share in the global Clinical Diagnostics market during 2020-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia.

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Key Takeaways:
1.) The global clinical diagnostics market is undergoing a new market trend with a lucrative CAGR of around 6.5%, strongly supported by demand from various regions and the adoption of advanced automated instruments for clinical diagnostics.

2.) Complete blood count, clinical diagnostic test segment holds the largest market share, owing to its high rate of adoption and physician’s recommendation in various health-related issues.

3.)Lipid profiling is expected to be the fastest-growing test segment owing to increasing demand for clinical tests such as total cholesterol, HDL cholesterol, triglycerides by patients suffering from the cardiovascular disorder.

4.)North America region dominates the clinical diagnostic market owing to the rise in incidences & prevalence of chronic diseases, technological advancements in clinical testing techniques, and the increase in healthcare expenditure.

5.)According to the National Diabetes Statistics Report 2014, about 9.3% of the U.S. population, or 29.1 million people suffering from diabetes and about 8.1 million people or 27.8% of the U.S. population suffering from diabetes are undiagnosed.

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