Jun 26, 2019 (AB Digital via COMTEX) -- The global Clinical Laboratory Services Market is anticipated to showcase grow exponentially over the forecast period (2018 to 2023), due to affecting factors such as the increasing healthcare expenditure and growing awareness about advanced global clinical laboratory services.
The increased occurrence of infectious and diseases chronic such as diabetes, cancer, liver & kidney disorders, blood disorders, cardiovascular disorders among others, have risen the global demand for improved diagnostics for the early disease detection.
According to a report published by Market Research Future (MRFR), the global clinical laboratory services market has been assessed to reach a valuation of more than USD 274,400 million at a substantial CAGR by the end of the forecast period.
Additionally, independent laboratories are also estimated to grow at a higher CAGR over the forecast period, owing to the increase in initiatives by significant market players to introduce innovative solutions for effective disease detection.
Among these, the hematology segment is assessed to show the highest market growth over the forecast period, due to the high prevalence of blood cancer.
Asia Pacific region is predicted to be a lucrative market for clinical laboratory services due to the substantial investment towards improving the healthcare sector, technological advancements towards testing equipment to provide better facilities to consumers, followed by the rising demand for early diagnosis by consumers.
Global Clinical Laboratory Services Market is anticipated to reach USD 274 billion over the forecast period.
healthcare expenditure rising globally due to influential factors such as the rising awareness about technologically advanced global clinical laboratory services.
The rising occurrence of infectious and chronic diseases such as kidney disorders, cardiovascular disorders, cancer, diabetes, liver, and blood disorders have increased the global demand for advanced diagnostics for the early disease detection.
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Clinical Laboratory Services Market Segmentation
The clinical laboratory services market segmented by application, type and region.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the clinical laboratory services market include Qiagen, OPKO Health, Inc., Abbott, Cinven, Sonic Healthcare, NeoGenomics Laboratories, Inc., Arup Laboratories, Fresenius Medical Care, Viapath Group LLP, Almac Group, Quest Diagnostics, Inc., Laboratory Corporation of America Holdings (LabCorp), Charles River Laboratories International, Inc., DaVita, Inc., Siemens Healthcare GmbH, and SGS SA.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Clinical Laboratory Services Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/clinical-laboratory-services-market/download-sampleMarket DynamicsThe rising prevalence of target diseases together with increasing demand for early disease diagnostic tests are the major factor driving the Clinical laboratory services market.
The constant technological advancements in the area of clinical testing and the introduction of home health tests and novel solutions are contributing to the high market growth.
The rising public-private investments and research funding & grants to build up innovative laboratory testing procedures are positively impacting the clinical laboratory services market's growth.
Moreover, the growing adoption of digital pathology platforms and increasing preference for comprehensive health checkups offered by clinical laboratories are likely to create lucrative growth opportunities for key players of the Clinical laboratory services market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
