Press release
Clinical Laboratory Services Market Forecasted Double-Digit Growth Rate Through 2024
One of the crucial parts of the healthcare and the medical sector is the clinical laboratory services. In order to diagnose various diseases all sorts of diagnostics tests are conducted in these clinical laboratories. With the help of the clinical laboratories one is able to gain information which helps in improving the required deliveries in the healthcare sector which includes services such as diagnostics and test results. The results that are provided are accurate and reliable thus enabling the physicians in taking right decisions about the treatment and the therapeutics.
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Global Clinical Laboratory Services Market: Segmentation
The global clinical laboratory services market is segmented into its type, laboratory type, ownership, and products. On the basis of type, the global market is segregated into specialty and general/routine. Based on the laboratory type, the market is categorized into commercial and hospital. Depending on the ownership the global market is divided into private and public. Based on the products, the market is bifurcated into services, instruments, and reagents.
Global Clinical Laboratory Services Market: Growth Factors
The major factors that are contributing towards the market growth are the increasing geriatric population and the rising awareness among the patients regarding the diagnosis and its treatment. The popularity of the clinical laboratory services is increasing owing to the benefits that are provided such as reduced frequency of visit to the physicians and the minimum stays in the hospital. The increasing awareness related to the early diagnosis of conditions in the gynecology, endocrinology, and oncology is gaining momentum in the global clinical laboratory services market. The increasing population of the people who are less immune towards infectious diseases and the rise in the number of the aged people having cardiovascular and neurological diseases have benefited the market growth. The adoption of the technologically advanced products such as microarrays, companion diagnostics, and biochips has opened up new opportunities in the market.
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Global Clinical Laboratory Services Market: Regional Analysis
The global clinical laboratory services market is diversified into regions such as North America, Europe, Asia-Pacific, and Rest of the World. The region that is dominating the clinical laboratory services market is the North America. The factors that contributed to this market growth are the rising adoption of the technologically advanced diagnostics and the wide availability of the tests in the region. Europe holds the second place in the global market owing to the increasing awareness among the consumers and the availability of the advanced diagnostics. The clinical laboratory services market is also growing significantly in the Asia-Pacific region. New opportunities are expected to open up in the region which will contribute to the market growth.
Global Clinical Laboratory Services Market: Competitive Players
The major market players in the clinical laboratory services market include Siemens AG, Sonic Healthcare Limited, Carlyle Group, NeoGenomics, Inc., OPKO Health, Inc., Quest Diagnostics, Inc., Abbott Laboratories, Cinven, Sanofi S.A., Novartis International AG, and TPG Capital.
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Global Clinical Laboratory Services Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
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