Clinical Laboratory Services Market Growth, Industry Size-Share, Global Trends, Drivers, Challenges, and Upcoming Demand

Clinical laboratory services rely on technologically advanced testing kits and devices for reducing human error and offering reliable results. Global Clinical Laboratory Services Market was valued at USD 256,896.06 million in 2021 and is expected to reach USD 476,621.7 million by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The rising incidence of chronic and infectious diseases and the increasing demand for accurate and early disease diagnosis techniques drive the market. The burden of infectious diseases and chronic disorders is constantly growing worldwide. As clinical diagnostic tests represent one of the most accurate methods for identifying and characterizing various biomarkers of chronic diseases and for detecting microorganisms, their demand is increasing with the rising burden of diseases such as cancer and tuberculosis (TB). For instance, according to an update from the WHO, about 10 million people globally had tuberculosis as of 2021, of which 5.6 million were men, 3.3 million were women, and 1.1 million were children. Due to the high burden of such diseases, the demand for clinical services is expected to increase, driving the growth of the market studied.
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