Clinical Laboratory Services Market Is Anticipated To Reach $261.42 Billion By 2020Grand View Research, Inc.
Global clinical laboratory services
market is expected to reach USD 261.42 billion by 2020, according to a
new study by Grand View Research, Inc. The demand for early diagnosis in order
to render effective therapeutic interventions is on a constant rise. Wide range
of diagnostic tests encompassed in the clinical laboratory services segment
coupled with increasing incidence rates of infectious and chronic diseases is
expected to drive market growth during the forecast period.
In addition,
presence of untapped growth opportunities and the rapidly improving healthcare
infrastructure in emerging markets such as China, India and Brazil are expected
to offer growth opportunities for industry participants.
Clinical chemistry based services dominated the overall
market, accounting for over 45.0% of the revenue share in 2013, owing to the
fact that these tests are a part of the initial disease diagnostic process and
thus are carried out in large volumes.
Browse full research report on Clinical Laboratory
Services Market: http://www.grandviewresearch.com/industry-analysis/clinical-laboratory-services-market
Further key findings from the study suggest:
- Human
& tumor genetics followed clinical chemistry tests in terms of
revenue. The market for human & tumor genetics is expected to grow at
a CAGR of over 6.0% from 2014 to 2020 majorly owing to increasing global
incidence rates of cancer.
- Stand
alone laboratories are expected to witness significant gains over the
forecast period. Growing use of these laboratories in emerging and
underdeveloped economies in an attempt to improve healthcare access is
expected to be the primary growth driver for this segment.
- North
America dominated the overall clinical laboratory services market in terms
of revenue share in 2013, majorly on account of the presence of high
prevalence levels of chronic and infectious diseases and sophisticated
reimbursement networks.
- Asia
Pacific is expected to be a high-growth clinical laboratory services
market over the forecast period. Growing demand for proper diagnostics and
rapidly improving healthcare infrastructure in the emerging markets of
China and India are some factors attributing to its rapid growth rate.
- Some
key market players of clinical laboratory services include Genoptix
Medical Laboratory, Quest Diagnostics Inc., LabCorp, Sonic Healthcare,
Labco S.A., Charles River Laboratories, Bio-Reference Laboratories, Abbott
Laboratories and Healthscope.
- The
market has witnessed a surge in R&D spending in recent times, aimed at
developing technologically advanced products and systems to provide
precise result even when dealing with large sample volumes.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/clinical-diagnostics
For the purpose of this study, Grand View Research has
segmented the global clinical laboratory services market on the basis of test
type, service provider and region:
• Global Clinical Laboratory Services Test
Outlook (Revenue, USD Billion, 2012 – 2020)
• Human & Tumor Genetics
• Clinical Chemistry
• Medical Microbiology & Cytology
• Other Esoteric Tests
• Global Clinical Laboratory Services, Service Provider Outlook (Revenue, USD Billion, 2012 – 2020)
• Hospital-Based Laboratories
• Stand-Alone Laboratories
• Clinic-Based Laboratories
• Clinical Laboratory Services Regional Outlook (Revenue, USD Billion, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
• Human & Tumor Genetics
• Clinical Chemistry
• Medical Microbiology & Cytology
• Other Esoteric Tests
• Global Clinical Laboratory Services, Service Provider Outlook (Revenue, USD Billion, 2012 – 2020)
• Hospital-Based Laboratories
• Stand-Alone Laboratories
• Clinic-Based Laboratories
• Clinical Laboratory Services Regional Outlook (Revenue, USD Billion, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-clinical-laboratory-services-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
Comments
Post a Comment