The global clinical laboratory services market was valued at USD 162.71 billion in 2012 and is expected to grow at a
CAGR of 5.8% from 2013 to 2019, to reach an estimated value of USD 241.37 billion in 2019.
The market for clinical laboratory services is fragmented, with Quest
Diagnostics, Inc. (U.S.) and Laboratory Corporation of America Holdings (U.S.)
dominating the market in terms of revenue generation. Some of the other key
players include Sonic Healthcare (Australia),
Genoptix Medical Laboratory (U.S.), Labco S.A. (France),
Healthscope Ltd. (Australia), Bio-Reference
Laboratories (U.S.), and Bioscientia Healthcare
(Germany).
Sheela AK
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Clinical laboratories refer to the centers for
conducting diagnostic testing and related services to identify disease causes,
level of progression (stage) of the disease, resultant abnormalities and
imbalances in the physiology, and other such factors. Along with processing
samples and generating patient reports, players in this market also offer
informatics solutions which help in effective data management for the large
volume of tests ordered and performed each day. The global market for clinical
laboratory services is expected to grow at a CAGR of 5.8% during the forecast
period due to the increasing incidence rates of diseases worldwide along with
the introduction of newer and sophisticated diagnostic tests.
The market for clinical laboratory services has been
segmented by different categories of tests performed such as clinical
chemistry, genetic tests, medical microbiology & cytology tests and other
esoteric tests. The market for medical microbiology & cytology tests is
expected to grow at the highest CAGR of 7.1% during the forecast period due to
the increasing burden of infectious diseases globally, that demands large
testing volume capacities from clinical laboratories. Although core laboratory
tests, which constitute the clinical chemistry market segment, are basic tests
extensively conducted across patient populations, this market segment is expected
to witness mediocre growth at a CAGR of 5.3%. This is due to the limited scope
for innovation in this market in terms of developing newer tests and the
growing importance of informatics solutions in the same.
On the basis of geographic regions, this market was
studied with reference to North America, Europe, Asia-Pacific
and Rest of the World. North America and Asia-Pacific regions are expected to emerge as highly
attractive markets for clinical laboratory services in the future, in terms of
market revenue and growth respectively. The market is divided into three major
types of service providers- clinic-based, hospital-based and stand-alone
laboratories. Of these, hospital-based laboratories generate the maximum
revenue globally are expected to continue to do so during the forecast period.
(Germany).
Clinical
Laboratory Services Market, by Test Type
Clinical
Chemistry
Medical
Microbiology & Cytology
Human
& Tumor Genetics
Other
Esoteric Tests
Clinical
Laboratory Services Market, by Service Provider
Clinic-based
Hospital-based
Stand-alone
Clinical
Laboratory Services Market, by Geography
North
America
Europe
Asia-Pacific
Rest
of the World (RoW)
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Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
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Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
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