Clinical Reference Laboratories Market Is Expected To Grow At A CAGR Of 5.8 % By 2022

Market Scenario:
Clinical reference laboratories are used to support diagnosis/analysis in patient care as well as medical research. Laboratory services are an essential part of disease diagnosis, treatment, monitoring response to treatment, disease surveillance programs and clinical research. The test results therefore should be consistent, precise and reproducible. Generation of such quality results includes a step wise process of thoughtful planning, perfect implementation and thorough checking of results by the whole team involved. International guidelines lay down the principles of a Clinical reference Laboratory Practices to be monitored by medical researchers to generate quality data.

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The laboratories carries out intramural and extramural research through a number of institutions which are also involved in day-to-day patient care. Though most laboratories follow some procedures to ensure generation of dependable results, there is a need for a uniform procedure to be adopted by the clinical reference laboratories to allow intra and inter-laboratory comparisons. Keeping this in assessment, the international council an Advisory Committee of reference laboratories have suggested existing laboratories to adapt the existing international guidelines to the Global context.

Segments:
Clinical reference laboratories market has been segmented on the basis of service providers which includes stand alone, hospital based and clinical based. On the basis of applications laboratory medicine, clinical trials and others are included.

Key Players for Clinical reference laboratories Market:
Some of the key players in this market are: Laboratory Corporation of America, KingMed Diagnostics, Aurora Diagnostics, Sonic HealthCare Limited, Synlab International GmbH, Bioreference Laboratories, Unilabs, Clinical Reference Laboratory, ARUP Laboratories, Quest Diagnostics and others.

Key Finding:
The Clinical reference laboratories global market is expected to reach $247 billion by 2027.
Hospital based segment holds the largest share of around 45% of the market.
North America holds the largest market share of ~47%% of Clinical reference laboratories market and is anticipated to reach $115 billion by the end of forecast period.
Globally, Europe and Asia-Pacific are expected to be fastest growing region and are anticipated to grow at the rate of ~6% during the forecast period.

Brief TOC:
1 Report Prologue
2 Scope of Study
2.1 Research Objective
2.2 Assumptions & Limitations
2.2.1 Assumptions
2.2.2 Limitations
2.3 Market Structure
2.4 Market Segmentation
2.4.1 By Service Providers
2.4.1.1 Introduction
2.4.1.2 In Stand Alone
2.4.1.3 In Hospital Based
2.4.1.4 In Clinical Based
2.4.2 By Application
2.4.2.1 Introduction
2.4.2.2 Clinical Trials
2.4.2.3 Laboratory Medicine
2.4.2.4 Others
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
Continue…

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Intended Audience:
• Clinical reference laboratories equipment suppliers
• Clinical reference laboratories
• Clinical laboratories
• Government research laboratories
• Government and independent regulatory authorities
• Medical research institutes

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This release was published on openPR.