Clinical Diagnostics Market 2023 Driving Factors Forecast Research 2029

Clinical diagnostics market is anticipated to grow at a CAGR of 6.3% during the forecast period (2023-2030). The market expansion is attributed to the ongoing modernization of innovative diagnostic tests. Technological advancements, such as next-generation sequencing (NGS), molecular diagnostics, and new imaging techniques, have substantially enhanced the precision and efficacy of diagnostic tests. Introducing an innovative biomarker test capable of accurately recognizing prostate cancer and estimating the severity of its progression could have significant implications for patient management. This innovation has the potential to lead to improved risk stratification, personalized treatment approaches, and a reduction in unnecessary medical interventions.

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The development of enhanced biomarker testing is consistent with these objectives as the healthcare sector continues to prioritize precision medicine and patient-centered treatment. Consequently, key market players are actively introducing novel products to meet the rising demand for advanced biomarker tests. For instance, in July 2023, Quest Diagnostics launched an innovative prostate cancer biomarker test in collaboration with Envision Sciences' sub-specialty pathology subsidiary AmeriPath. Envision Sciences Pty Ltd., an Australian clinical diagnostics enterprise, is engaged in developing a portfolio of blood and tissue-based tests for cancer diagnosis and prognosis, leveraging the potential of biomarkers.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Clinical Diagnostics Market by Test
o Lipid Panel
o Liver Panel
o Renal Panel
o Complete Blood Count
o Electrolyte Testing
o Infectious Disease Testing
o Others (Genetic Testing, Electrocardiography, and Cardiac Stress Test)

Global Clinical Diagnostics Market by Product
o Instruments
o Reagents
o Others (Assays, and Kits)

Global Clinical Diagnostics Market by End-User
o Hospital Laboratory
o Diagnostic Laboratory
o Point-of-Care Testing

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Abbott
o Cepheid
o Charles River Laboratories International, Inc.
o Exact Sciences Corp.
o Flagship Biosciences, Inc.
o FUJIFILM Holdings Corp.
o LGC Clinical Diagnostics
o Merck Group
o NeoGenomics Laboratories, Inc.
o Ortho Clinical Diagnostics
o SCIEX
o Sonic Healthcare Ltd.
o Thermo Fisher Scientific

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global clinical diagnostics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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