Clinical Laboratory Services Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis 2016 – 2022 – Credence Research

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The clinical diagnostic tests performed by laboratories can be broadly classified into four major categories, namely, clinical chemistry, medical microbiology & cytology, human and tumor genetics and other esoteric tests. Ranging from routine blood and urine tests to high-end genetic analysis including fluorescence in situ hybridization (FISH), molecular expression testing, etc., clinical laboratories offer numerous tests that help detect disease progression and abnormalities.

The latest market report published by Credence Research, Inc. “Global Clinical Laboratory Services Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022,” the clinical laboratory services market was valued at USD 165.8 Bn in 2015, and is expected to reach USD 248.5 Mn by 2022, expanding at a CAGR of 5.9% from 2016 to 2022.

Browse the full report Clinical Laboratory Services Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 at http://www.credenceresearch.com/report/clinical-laboratory-services-market

Market Insights

The clinical diagnostic tests performed by laboratories can be broadly classified into four major categories, namely, clinical chemistry, medical microbiology & cytology, human and tumor genetics and other esoteric tests. Ranging from routine blood and urine tests to high-end genetic analysis including fluorescence in situ hybridization (FISH), molecular expression testing, etc., clinical laboratories offer numerous tests that help detect disease progression and abnormalities. The three major types of service providers in this market include hospital-based laboratories, clinic-based laboratories and stand-alone laboratories. With the increasing incidence rates of debilitating conditions such as cancer, diabetes and infectious diseases, the number of patients that will opt for such tests will continue to increase in the future and thereby increase the demand for these services. Moreover, the percentage of aged population in the U.S. is expected to grow to an estimated 20% by 2030. Such a large population of elderly people in the U.S. alone will lead to high testing volumes for clinical laboratories. Diagnostics manufacturers such as Roche Holdings, Genomic Health, Abbott Diagnostics, Qiagen, etc. are focusing their efforts towards developing products and systems that would enable highly accurate analysis of patient samples and also enable processing of thousands of samples at a time. This will help clinical laboratories to cope with the rising demand and in turn ensure revenue generation.

The major key players profiled in the clinical laboratory services market are on the basis of various characteristics such as business description, financial health and budget allocation, product portfolio, and news coverage. The key players profiled in this report are Abbott Laboratories, ARUP Laboratories, Bio-Reference Laboratories, Bioscientia Healthcare, Charles River Laboratories, Genoptix Medical Laboratory, Healthscope, Laboratory Corporation Of America Holdings (Labcorp), Labco S.A., Sonic Healthcare Limited, Spectra Laboratories, Quest Diagnostics, Inc., Genzyme Corporation, and Siemens.

Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Clinical Laboratory Services Market, by Test Type, 2015 (USD Mn)
2.2 Clinical Laboratory Services Market Share, by Service Provider Type, 2015 & 2022 (Value %)
2.3 Clinical Laboratory Services Market Share, by Geography, 2015 (Value %) …

Chapter 8 Company Profiles
8.1 Abbott Laboratories, Inc. 
8.1.1 Business Description
8.1.2 Financial Health and budget allocation
8.1.3 Product Positions/Portfolio
8.1.4 Key Competitors
8.1.5 News Coverage
8.2 ARUP Laboratories 
8.2.1 Business Description …

For the purpose of this study, the global clinical laboratory services market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Clinical Laboratory Services Market

In base year 2015, North America accounted for the largest share in the global clinical laboratory services market, followed by Asia-Pacific, Europe, LATAM and MEA. The Asia-Pacific region (comprising Japan, China and India as major countries) is anticipated to grow at the fastest CAGR during the forecast period 2016 – 2022.

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Based on the type of service provider, the global clinical laboratory services market is segmented as follows:

  • Clinic-based Laboratories
  • Hospital-Based Laboratories
  • Stand-Alone Laboratories

On the basis of service provider the clinical laboratory services market is segmented into hospital-based laboratories, stand-alone laboratories and clinic-based laboratories.  In base year 2015, hospital-based laboratories segment was observed as the largest segment of clinical laboratory services market. High patient volume and the consequent presence of high test volumes in hospitals compared to clinics and standalone laboratories are the primary reasons boosting segment growth. Stand-alone laboratories, on the other hand, are expected to grow at the fastest CAGR during the forecast period 2016 – 2022. Rising preference for standalone laboratories in emerging and underdeveloped economies of the World in an effort to develop reach and access of advanced healthcare services is expected to be the key growth driver for this segment.

Clinical Laboratory Services Market

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