Global Clinical Laboratory Services Market : Technological Advancement & Growth Analysis with Forecast to 2028

The clinical laboratory services market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.2% in the forecast period of 2021 to 2028 and is expected to reach USD 4, 43,369.94 million by 2028. Rising infectious diseases worldwide and advancement in clinical diagnostic methods, act as a driver for the clinical laboratory services market growth.

Global Clinical Laboratory Services Market is growing with factors such as the advent of accurate and technologically advanced products and continuous advancements in clinical diagnostic techniques. The surge in public-private investments also acts as a major factor for the growth of the market. Grants to develop innovative laboratory testing and the rise in use of at-home testing tests to diagnose diseases and monitor the health condition on a regular basis has also given a boom to the global clinical laboratory services market.


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Global Clinical Laboratory Services Market Scenario
According to Data Bridge Market Research, the market for global clinical laboratory services in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is Laboratory Corporation of America Holding which accounts an estimated market share of approximately 3.94% in the global clinical laboratory services market. The company has gained outstanding sale by providing novel clinical laboratory services.

In July 2021, Laboratory Corporation of America Holding, a leading global life sciences company, announced the availability of therascreen KRAS PCR Mutation Analysis, a companion diagnostic to identify patients with non-small cell lung cancer (NSCLC) who are eligible for treatment with LUMAKRAS (sotorasib), a new treatment option developed by Amgen. Laboratory Corporation of America Holding’s oncology platform brings together the company’s leadership in diagnostic testing with its comprehensive drug development services, helping to pioneer scientific breakthroughs like the KRAS companion diagnostic to identify patients eligible for cutting-edge targeted therapies.
Key Market Competitors Covered in the Report

Mayo Foundation for Medical Education and Research (MFMER)
Laboratory Corporation of America Holdings
Quest Diagnostics Incorporated
DaVita Inc.
Eurofins Scientific
UNILABS
SYNLAB International GmbH
H.U. Groups Holdings, Inc.
Sonic Healthcare Limited
ACM Global Laboratories
Amedes Holding GmbH
LifeLabs
Abbott
Charles River Laboratories
Siemens Healthcare GmbH
BioReference Laboratories (A subsidiary of Opko Health, Inc.)
NeoGenomics Laboratories
KingMed Diagnostics Group Co., Ltd.
Genomic Health
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Scope of Global Clinical Laboratory Services Market
All country based analysis of the global clinical laboratory services market is further analysed based on maximum granularity into further segmentation. On the basis of specialty, the market is segmented into clinical chemistry testing, haematology testing, microbiology testing, immunology testing, drugs of abuse testing, cytology testing and genetic testing. On the basis of provider, the market is segmented into independent & reference laboratories, hospital-based laboratories and 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. On the basis of service type, the market is segmented into routine testing services, esoteric services and anatomic pathology services

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Research Methodology: Global Clinical Laboratory Services Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand side: Manufacturer, Healthcare industry, Scientists, Research Laboratories
Supply Side: Product Managers, Marketing Managers, C-Level executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.

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