The global clinical
laboratory services market is expected to reach USD 327.0 billion
by 2025, according to a new report by Grand View Research, Inc. Clinical labs
are observed to adopt international standards thus providing opportunities for
interoperability and automation.
Rising concern pertaining to cost control, increasing
the pace of R&D for new products, and demand for improvement in quality
control parameters has resulted in pressure on lab personnel. Moreover, there
has been continuous progress in a number of compounds screened in clinical settings
which further demands development in this field.
Improvement and implementation of informatics and
automated data management solutions to perform seamless operations are
anticipated to drive growth in this market. However, sample preparation and
running it through experimental protocols with enhanced productivity is still a
challenge in these labs.
Market entities are continuously putting efforts to
address this challenge through several means. For instance, vendors are
adopting 384-well plates instead of 96-well plates in order to cut the reagent
costs as well as time taken for performing assays.
Browse full research report on Clinical Laboratory Services Market: https://www.grandviewresearch.com/industry-analysis/clinical-laboratory-services-market
Further key findings from the report suggest:
- In 2016, clinical chemistry services captured the largest market
share due to the presence of large number of body fluid-based screening
solutions
- Moreover, it caters large number of specialty including liver
function tests, renal function tests, along with determination of
different physiological substances
- In addition, emergence of tests that require smaller sample size
and easy collection of the sample from patients is anticipated to boost
R&D, thereby leading to potential growth prospects
- Depending on the current level of tests, application, medical
microbiology & cytology is expected to experience grow at fastest rate
- Ability to provide better testing services at a comparatively lower
rate is anticipated to increase adoption of services by stand-alone
laboratories thereby driving progress at fastest pace
- North America stands out as market leader owing to the
technological advancements and high awareness on medical standards
followed by Europe
- Rapid growth can be expected in the regions of Asia and Latin
America in the forecast period due to the growing awareness, increased
government initiatives, and positive regulatory policies
- Key players operating include Quest Diagnostics, Laboratory
Corporation Of America Holdings (LabCorp), Abbott; Charles River
Laboratories, Siemens Healthineers, OPKO Health Inc; ARUP Laboratories;
Sonic Healthcare; and Neogenomics Laboratories, Inc.
- Competition amongst the market entities for the development of
clinical chemistry analyzers that can provide rapid results is expected to
support the projected CAGR
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/clinical-diagnostics
Grand
View Research has segmented the clinical lab services market on the basis of
services, service provider, application, and region:
Clinical
Laboratory Services Test Type Outlook (Revenue, USD Billion;
2014 - 2025)
- Human &
Tumor Genetics
- Clinical
Chemistry
- Medical
Microbiology & Cytology
- Other
Esoteric Tests
Clinical
Laboratory Services Service Provider Outlook (Revenue, USD Billion; 2014 -
2025)
- Hospital-Based
Laboratories
- Stand-Alone
Laboratories
- Clinic-Based
Laboratories
Clinical
Laboratory Services Application Outlook (Revenue, USD Billion; 2014 - 2025)
- Drug
discovery related Services
- Drug
development related services
- Bioanalytical
& Lab chemistry services
- Toxicology
testing services
- Cell &
gene therapy related services
- Preclinical
& clinical trial related services
- Other
clinical laboratory services
Clinical
Laboratory Services Regional Outlook (Revenue, USD Billion; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- Middle East
& Africa
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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