Clinical Reference Laboratories Market Size 2019 | Emerging Trends, Growth, Share, Global Companies Insights, Forecast To 2027

Clinical Reference Laboratories Market Overview By Applications (Laboratory Medicine and Clinical Trials), Service Provider (Hospital-Based Market, Stand Alone and Clinical Based), Region and Key Players Till 2027

Pune, India – August 27, 2019 —

global Clinical Reference Laboratories Market Size is expected to reach USD 247 billion and to exhibit a CAGR of 5.8 % during the forecast period (2016-2027).

Clinical reference laboratories are extensively used to support analysis and diagnosis in patient care as in medical research.

Generation of quality results involves stepwise procedure through implementation, planning, and thorough checking of results.

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The report covers an overview of the industry along with a detailed explanation that provides a lot of insight.

The report also analyzes the production as well as management technology in various end-user industries.

An in-depth study in some new and prominent industry trends, analysis of the competition and regional analysis that is very detailed have been included in the report of the Clinical Reference Laboratory Services market for the review period of 2020 – 2027.There are many different factors that have caused the quick expansion of the Clinical Reference Laboratory Services market.

In addition to the above, government initiatives, as well as the competitive landscape that exists in the Clinical Reference Laboratory Services market through the forecast period, has been analyzed.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/clinical-reference-laboratory-market-2157 Global Clinical Reference Laboratory Services Market Key Companies:Sonic HealthCare Limited,Aurora Diagnostics,Unilabs,Quest Diagnostics,ARUP Laboratories,Clinical Reference Laboratories,SYNLAB International Gmbh,KingMed DiagnosticsThe base year of the study is 2020 and the forecast period stretches all the way till 2027.

This has led to the creation of a strong understanding of the market for the upcoming years.

In addition to this, different latent growth factors, opportunities and restraints are evaluated for this advanced study and suggestions are made for the market that pertains to the forecast period.SegmentationThe Clinical Reference Laboratory Services market covers different regions such as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.

According to research report the veterinary reference laboratories market size is projected to reach USD 5.6 billion by 2025 from USD 3.4 billion in 2020, at a CAGR of 10.5%.Factors such as increasing demand for animal-derived food products and increasing incidence of transboundary and zoonotic diseases are driving the growth of this market amongst the livestock animals during the forecast period.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256972714The veterinary reference lab market is segmented based on the type of service, application, animal, and region.

Due to lockdown restrictions and social distancing protocols due to COVID-19 across various countries through the first half of 2020, the market saw a small dip in the number of veterinary clinic visits for routine testing.

However, with the launch of new test kits for COVID-19 testing in pets, the second half of the year is expected to see a rise in the total number of tests in reference laboratories, thus compensating for the loss in revenues across the first two quarters.The immunodiagnostics segment accounted for the largest share of the veterinary reference lab market, by type of service, in 2019.Based on the type of service, the market is segmented into clinical chemistry, immunodiagnostics, hematology, urinalysis, molecular diagnostics, and others.

The low cost, low procedural complexity, and greater adoption due to ease of training are some of the key advantages supporting the adoption of this service.Clinical pathology is the largest application segment of the veterinary reference laboratories marketBased on application, the veterinary reference laboratories market is segmented into clinical pathology, bacteriology, virology, parasitology, productivity testing, pregnancy testing, and toxicology.

The rising volume of pathology tests performed is the major factor driving the demand for diagnostic products and consumables for clinical pathology applications.The companion animal segment accounted for the larger market in 2019.Based on animal type, the veterinary reference lab market is segmented into livestock animals and companion animals.

Growth in this segment is attributed to the growing adoption of companion animals, increasing disposable incomes, growing willingness of companion animal owners to spend more on animal health, and rising incidence of zoonotic diseases.IDEXX Laboratories, Inc. (US), VCA Inc. (US), GD Animal Health (Netherlands), Zoetis Inc. (US), Neogen Corporation (US), Boehringer Ingelheim (Germany), Marshfield Labs (US), ProtaTek International (US), Texas A Veterinary Medical Diagnostic Laboratory (US), Veterinary Diagnostic Laboratory - University of Minnesota (US), and Veterinary Diagnostic Laboratory, Iowa State University (US).Recent Developments> In April 2020, IDEXX launched the SARS-CoV-2 (COVID-19) RealPCR Test for companion animals in the US.> In 6-9 months since October 2019, Zoetis acquired three laboratories that have enhanced the company’s portfolio of testing services with the introduction of microbiology, serology, hematology, chemistry, and many other miscellaneous tests.> In June 2018, Boehringer Ingelheim acquired Newport Laboratories.