Press release
Clinical Laboratory Services Market - Global Industry Analysis 2024
Clinical Laboratory Service – Be informed of your health in advanceAround 70% of medical decisions are based on lab results, as revealed by statistic released by Quest Diagnostics. Thus, optimization of laboratory facilities to deliver quality and cost-effective patient care is of utmost importance for clinical laboratory service providers. The three major types of clinical laboratory service providers are hospital-based laboratories, clinic-based laboratories and standalone laboratories. Major factors impacting the dynamics of global clinical laboratory service market include growing aging population, increasing disease burden, and increasing number of preventive health check-ups.
To know about the assumptions considered for the study, Download the PDF Brochure : https://www.coherentmarketinsights.com/insight/request-sample/87
The global clinical laboratory services market was valued at US$ 168.9 million in 2015 and is projected to expand at a CAGR of 6.4% during the forecast period (2016 – 2024).
Growing susceptibility of aging population to chronic diseases
According to the U.S. Census Bureau Report in 2015, around 8.5% of the world population was aged 65 years and above, which is expected to reach 12% of the world population by 2030. Moreover, the report states that growth of the geriatric population would be significantly higher in developing regions of Asia and Latin America. The report further stats that deaths due to non-communicable diseases such as cardiovascular diseases, lung disorders, cancer, and stroke is increasing at a rapid rate across the globe. This alarming trend is especially prevalent in the developing countries in Asia, Africa, and Latin America. Thus, increasing elderly population and growing risk of diseases, especially non-communicable diseases is projected to significantly increase test volumes for clinical laboratory service providers during the forecast period.
Increasing uptake of routine health tests by consumers
Increasing health concerns coupled with growing risk of transmittable diseases among the populace is leading to rapid uptake in routine health check-ups by consumers. Unhealthy food habits is making the human population vulnerable to bacterial and viral infections. Demand is especially high for tests to detect malaria and tuberculosis, which are highly prevalent in tropical regions such as South Asia, Africa, and Latin America. Therefore, growth of the clinical laboratory services market in Latin America and Africa is projected to expand at a relatively high CAGR of 8.1% during the forecast period.
Browse Global Strategic Business Report : https://www.coherentmarketinsights.com/market-insight/clinical-laboratory-services-market-87
Following test guidelines are essential to prevent false-positive results
The clinical laboratory service providers need to adopt ethical and efficient clinical practices to avoid false-positive results. In December 2016, the U.S. FDA issued a safety alert for ZIKA virus test takers, following reports that showed increasing false-positive results from ZIKV Detect test.
Market consolidation: The prevalent trend in the market
The global market for clinical laboratory services is undergoing consolidation. Laboratory Corporation of America Holdings (LabCorp) acquired Sequenom, Inc. in July 2016, thereby becoming the leader in non-invasive prenatal testing (NIPT) for reproductive health. The company also acquired ClearPath Diagnostics, a leading clinical laboratory service provider in Northeastern region of U.S., in October 2016. Inorganic growth strategies would continue to be a part of future roadmap for leading healthcare service providers in the long run in order to ensure sustained growth.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit Coherent Market Insights Blog @ https://blog.coherentmarketinsights.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/coherent-market-insights
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Clinical Laboratory Services Market - Global Industry Analysis 2024 here
News-ID: 484999 • Views: …
More Releases from Clinical Laboratory Services Market

Clinical Laboratory Services Market Size & Forecast Upto 2025 : Abbott Laborator …
Researchmoz added Most up-to-date research on “Clinical Laboratory Services Market - UAE Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025” to its huge collection of research reports.
The Clinical Laboratory Services market report [8 Year Forecast 2017-2025] focuses on Major Leading Industry Players, providing info like company profiles, product type, application and regions, production capacity, ex-factory price, gross margin, revenue, market share and speak to info. Upstream…

Global Clinical Laboratory Services Market by Top Key Players Profiled: Abbott L …
Researchmoz added Most up-to-date research on "Global Clinical Laboratory Services Market by Top Key Players Profiled: Abbott Laboratories, Miraca Holdings, Inc., Scientific Clinical Laboratories and National Reference Laboratory" to its huge collection of research reports.
Clinical Laboratory Services includes test types and service providers that are used to offer a high quality, cost-effective service and clinical expertise to the hospitals, and other healthcare units. The report on UAE clinical laboratory services…

Global Clinical Laboratory Services Market Developments 2025: SYNLAB Internation …
ResearchMoz include new market research report "Clinical Laboratory Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its huge collection of research reports.
This report on the global clinical laboratory services market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments.
The research is a…

UAE Clinical Laboratory Services Market By Top Leading Players - Abbott Laborato …
Researchmoz added Most up-to-date research on "UAE Clinical Laboratory Services Market By Top Leading Players - Abbott Laboratories, MIRACA HOLDINGS, Inc. and Scientific Clinical Laboratories" to its huge collection of research reports.
Clinical Laboratory Services includes test types and service providers that are used to offer a high quality, cost-effective service and clinical expertise to the hospitals, and other healthcare units. The report on UAE clinical laboratory services market, analyzes the…
More Releases for America
Deodorants Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Deodorants market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound…
Sequestrant Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Sequestrant market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound…
Buttermilk Market Study by Region (North America, Latin America, Europe, Asia, M …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Buttermilk market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),…
Masterbatches Market Study by Region (North America, Latin America, Europe, Asia …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Masterbatches market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),…
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific…
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market
Summary
The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements.
Gaucher Disease market size to maintain the average annual growth…