Clinical Laboratory Test Market – An Immortal Market with a Stunning CAGR of ~6.5% by 2022

“Market Research Future (MRFR)”
In the coming years, it is expected that the Global Clinical Laboratory Test Market will advance with higher growth rate as compared to previous years. Rising pressure to curb healthcare costs has fuelled the growth of the market for Clinical Laboratory Test market. adds “Clinical Laboratory Test Market –2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database.

The report titled “Clinical Laboratory Test Market -Forecast to 2022″ is a direct appreciation by Market Research Future of the market potential of the Clinical Laboratory Test Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! The global clinical laboratory test market is expected to reach USD 324.5 billion by 2022 from USD 206.7 billion in 2016 with a CAGR of 6.5% for the forecasted period.

Market Scenario of Global Clinical Laboratory Test Market:

It has been noted that global clinical laboratory test market is growing at steady pace and is expected to grow at the CAGR of 6.5%. Clinical laboratory testing has emerged as the most growing segment of healthcare over the past few years. Clinical laboratory testing includes all routine check-ups and other pathology tests for the diagnosis of various diseases ranging from CBC and other routine blood test, anatomical pathological testing, molecular, immunological, drug testing and other tests for disease diagnosis and treatment.

The rate of various disease and disorder like diabetes, cancer and many infectious disease have risen in last few years. According to the survey by WHO, by 2030 diabetes will be the seventh leading cause of death, in 2012 approximately 1.5 million people died due to diabetes. On other hand 14 million patients in 2012 to 22 million on a yearly basis new cancer cases are been registered. The Centres for Disease Control and Prevention reported that in 2012 alone, US reported 9,945 cases of tuberculosis, 53,800 cases of salmonella, 30,831 new cases of Lyme disease and 551 cases of meningococcal disease. The light footed increment in the chronic disease condition have impact on the demand for clinical laboratory services.

Taste the market data and market information presented in more than 59 market data tables and 30 figures spread over 88 pages of the project report. Go through the in-depth table of content (TOC) & market synopsis on “The Global Clinical laboratory test Market Research Report -Forecast till  2022.

Global Clinical laboratory test Competitive Analysis:  

Some of the Major players of this market are those that holds the largest market share

Clinical laboratory test market:

AURORA Diagnostics

Laboratory Corporation of America

LifeLabs Medical Laboratories

Quest Diagnostics

Sonic Healthcare and others


Regional Analysis of Global Clinical Laboratory Test Market:

North America accounts for the maximum market share of Global Clinical Laboratory testing market and is expected to grow at a CAGR of 6.2% during the forecasted period. Maximum number of laboratories and clinical testing procedures are the major reason for the highest market growth of this region. Asia-Pacific, is expected to be the fastest growing region with the CAGR of 6.8% during the forecasted period mainly because of growing awareness about various medical test, government support in order to improve healthcare sector, innovation of new tests and procedures by major market players. The awareness and patient counselling with respect to medical testing by Asia-Pacific Federation for Clinical Biochemistry and Laboratory Medicines which includes the members from seven nations. Being a large population base, multiplying aging population and continuous advance in healthcare, China clinical laboratory market has been growing radically in recent years.

The report of Clinical Laboratory test Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives an extensive study about different markets segments and regions.

Segmentation of Global Clinical Laboratory Test Market:

Global clinical laboratory test market has been segmented on the basis of laboratory type which comprises of hospital based laboratories, central/independent laboratories, physician office laboratory (pol) and others. Furthermore on the bases of laboratory tests the market is segmented into cbc and other routine blood tests, anatomic pathology, molecular tests, immunology tests, drug testing and others.

Key Findings of Global Clinical Laboratory Test Market:

  • North America accounted for the largest market share with 44.6% of the global clinical laboratory test market in the year 2016.
  • Hospital Based Laboratories market holds the largest market share by laboratory type.
  • CBC and other routine blood tests market holds the largest market share by laboratory test.
  • Asia-Pacific pacific projected to be the fastest growing region with a growth rate of 6.5% to 7% for the forecasted period.



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