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Global Central Lab Market Report 2023 - Opportunities And Strategies, Market Trends And Forecast by 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032As per the Central Lab market report by The Business Research Company, The rise in the number of clinical trials is expected to drive the central lab market going forward. A clinical trial is a type of research study that is aimed at evaluating a new treatment, a new drug, or a medical device's safety and effectiveness. Pharmaceutical and biotechnology companies outsource central labs for testing, development, and production of new products.
The global central lab market size grew from $2.52 billion in 2022 to $2.74 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The central lab market size is expected to grow to $3.64 billion in 2027 at a CAGR of 7.3%.
Read More On The Central Lab Market Report Here:
https://www.thebusinessresearchcompany.com/report/central-lab-global-market-report
Major competitors in the Central Lab market include Acm Global Laboratories Private Limited, Cerba Research, Sonic Healthcare Limited, Celerion Inc., Cirion Biopharma Research Inc., Clinical Reference Laboratory Inc., Eurofins Central Laboratory LLC, Frontage Laboratories Inc., Icon Central Labs, Interlab Central Lab Services, InVitro International, Labcorp Drug Development India Private Limited, LabConnect LLC, Medpace Clinical Research India Private Limited, MLM Medical Labs GmbH, Synevo Central Lab, and Q2 Solutions Pty Ltd.
The Central Lab market is segmented -
1) By Service Type: Genetic Services, Biomarker Services, Microbiology Services, Anatomic Pathology or Histology, Specimen Management And Storage, Special Chemistry Services, Other Service Types
2) By Test Type: Human And Tumor Genetics, Clinical Chemistry, Medical Microbiology And Cytology, Other Esoteric Tests
3) By End-User: Pharmaceutical Companies, Academic And Research Institutes, Biotechnology Companies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Central Lab market.
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Central lab is a lab that provides bundled services where all of the samples from the trial's clinical locations are submitted. This ensures that the results and analysis are consistent.
The main types of services in the central lab are genetic services, biomarker services, microbiology services, anatomic pathology and histology, specimen management and storage, special chemistry services, and others. Genetic services are services that identify and counsel those who are at risk for genetic abnormalities. The different test types include human and tumor genetics, clinical chemistry, medical microbiology and cytology, and other esoteric tests that are employed in several end-users such as pharmaceutical companies, academic and research institutes, and biotechnology companies.
The Table Of Content For The Central Lab Market Include:
1. Executive Summary
2. Central Lab Market Characteristics
3. Central Lab Market Trends And Strategies
4. Central Lab Market - Macro Economic Scenario
5. Central Lab Market Size And Growth
....
26. Africa Central Lab Market
27. Central Lab Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Central Lab Market
29. Central Lab Market Future Outlook and Potential Analysis
30. Appendix
The "Global Central Lab Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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