April 15, 2019: This report focuses on the global Clinical Laboratory Test status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Clinical Laboratory Test development in United States, Europe and China.
The growing geriatric population base, primarily in the European and North American countries, is also anticipated to provide huge growth opportunities in this area. The increase in aging population and amplified acute and long-term healthcare needs are driving the growth of clinical laboratory tests market at a global level. Moreover, rising awareness amongst people and healthcare professionals about the need of regular body profiling is also estimated to enhance usage of clinical tests.
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Increasing adoption of laboratory automation systems is anticipated to accentuate growth of this market over the next decade. For example, approximately more than 30% of the laboratories in North America, Europe, and Japan have implemented a significant degree of laboratory automation.
Advantages of automation such as its ability to reduce errors, improve efficacy, and enhance patient safety by integrating electronic, mechanical, and informatics tools are expected to propel the market.
In 2017, the global Clinical Laboratory Test market size was 208800 million US$ and it is expected to reach 344500 million US$ by the end of 2025, with a CAGR of 6.5% during 2018-2025.
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The key players covered in this study
- Quest Diagnostics
- Merck KgaA
- Laboratory Corporation of America Holdings
- Genoptix
- Healthscope
- Labco
- Charles River Laboratories
- OPKO Health, Inc
- Abbott
Market segment by Type, the product can be split into
- Complete Blood Count
- HGB/HCT Testing
- Basic Metabolic Panel Testing
- BUN Creatinine Testing
- Electrolytes Testing
- HbA1c Testing
- Comprehensive Metabolic Panel Testing
- Liver PanelTesting
- Renal Panel Testing
- Lipid Panel Testing
Market segment by Application, split into
- Clinical Laboratory test Centers
- Hospitals/ clinics
- Academic research institutes
- Government institutes
Market segment by Regions/Countries, this report covers
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Central & South America
The study objectives of this report are:
- To analyze global Clinical Laboratory Test status, future forecast, growth opportunity, key market and key players.
- To present the Clinical Laboratory Test development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Clinical Laboratory Test are as follows:
- History Year: 2013-2017
- Base Year: 2017
- Estimated Year: 2018
- Forecast Year 2018 to 2025
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The global clinical laboratory test market stood at USD 206.7 Bn in 2016.The growth of the global clinical laboratory tests market stems from the alarming rise in the incidence rate of chronic diseases.
The rapid spread of infectious, oncology, autoimmune, and other diseases paired with raising awareness regarding health & wellness generate high demand for screening services which consequently augments the growth of the market.The governments in multiple countries have endeavored towards raising awareness and have initiated various screening programs for the same.
A prime focus also remains to curb the growing mortality rate as a result of spreading diseases.
Panel based tests have also gained substantial traction in recent years owing to their ease of use and single-use systems.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1649 Technological advancements and automation in the field of clinical laboratory tests have opened up new avenues for the growth of the market.
The global geriatric population has also witnessed an uptick in its number which is likely to affect the market growth positively.Despite the prolific growth of the market, stringent government norms and high costs remain major impediments.
Presence of low-cost products which bear the risk of false results and low selectivity and detection limits of older tests are also possible bottlenecks to the global clinical laboratory test market.Competitive Landscape:Laboratory Corporation of America, Sonic Healthcare, Aurora Diagnostics, LifeLabs Medical Laboratories, and Quest Diagnostics are the noteworthy players in the global clinical laboratory tests market.Industry Updates:February 2019- EKF Diagnostics, point-of-care business Quo-Test analyzer received FDA nod for use in clinical laboratory setting.
Other factors such as increasing prevalence of disease, growth of outpatient services, government funds new payment and service delivery model and expansion of hospital outreach services are the adding to the market growth of clinical laboratory market in North America.
Government rules and regulations cheaper services in government owned hospitals and increasing interest rates are some of the factors acting as restraints for the global clinical laboratory test market.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/2249Increasing prevalence of various disease and increasing awareness and concern regarding health issues in North American countries are some of the other major reasons for the growth of these routine check-ups and overall clinical laboratory testing market in North America.
Quest diagnostics and Laboratory Corporation of America Holdings are the two biggest companies of the North America clinical laboratory testing market.Certainly, both the companies offer a wide range of diagnostic testing services, right from routine CBC testing to prenatal tests, and further to highly sensitive cancer and genetics tests.
LabCorp follows Quest and accounting for second largest market share of the domestic market, but is growing at a faster pace than its main rival.
In addition to this, Spectra (U.S.), Renalab Inc. (U.S.), Berkeley Heart Lab (U.S.), and others together contributes more than 60% of the market share of total market.North America clinical laboratory test market Players:The key players are AURORA Diagnostic (USA), Laboratory Corporation of America (US), LifeLabs Medical Laboratories (Canada), and Quest Diagnostics (US).Segmentation:The North America clinical laboratory test market is majorly segmented on the basis of type of laboratory, type of test, and by country.
Based on the type of laboratory, the market is segmented into hospital based laboratory, central/ independent laboratory, physician office laboratory, and others.
The new report studies the Global Clinical Laboratory Test Market in detail and presents comprehensive forecasts regarding the market’s growth trajectory in the coming years.
This report studies the global Clinical Laboratory Test market, analyzes and researches the Clinical Laboratory Test development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
In addition, the sources of raw materials used for manufacturing by the key manufacturers in 2019 have been detailed in this study.Major Companies Profiled in Clinical Laboratory Test Market are:Quest DiagnosticsARUP LaboratoriesLaboratory Corporation of AmericaSiemens HealthineersSonic HealthcareAbbottSRLOPKO HealthNeoGenomics LaboratoriesSYNLAB Bondco PLCThe cost analysis of the Global Clinical Laboratory Test market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend.
Other factors such as industrial chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market.
Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.Buy Clinical Laboratory Test Market Report at Discount: https://www.orbisresearch.com/contact/purchase-single-user/4196666All the way through this report, the core dynamic factors of the Clinical Laboratory Test market were acknowledged and the commercial partners, end users were also worked out.
Abundant interviews and talks were conducted with the protuberant leaders of the industry to gain dependable and reorganized information relevant to the market.Global Clinical Laboratory Test Market is segmented based by Type, Application and Region.Based on Type, the Market has been segmented into:Complete Blood CountHGB/HCT TestingBasic Metabolic Panel TestingBUN Creatinine TestingElectrolytes TestingHbA1c TestingComprehensive Metabolic Panel TestingLiver Panel TestingOthersBased on Application, the Market has been segmented into:Hospital-based LaboratoriesIndependent labsClinic-based LaboratoriesOthersAsk Our Industry Expert: https://www.orbisresearch.com/contacts/enquiry-before-buying/4196666Table of Content (TOC):Market Overview: The report begins with this section where product overview and highlights of product and application segments of the global Clinical Laboratory Test Market are provided.
