The clinical 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. The three major types of service providers
in this market include hospital-based laboratories, clinic-based laboratories
and stand-alone laboratories.
The global Clinical
Laboratory Services Market is estimated to account for US$ 255.5 Bn by the
end of 2020.
Global Clinical Laboratory
Services Market: Drivers
Launch of new products is
expected to propel growth of the global clinical laboratory services market
over the forecast period. For instance, in May 2019, ACON Laboratories, Inc.
announced the release of On Call Sure Platform in Europe and Latin America. The
On Call Sure Platform is designed to meet the demands of professional testing.
Its GDH-FAD enzyme offers the ability to test capillary for venous and arterial
blood samples.
Global Clinical Laboratory
Services Market: Opportunities
Government initiatives to boost
the number of labs19 is expected to offer lucrative growth opportunities for
players in the global clinical laboratory services market. For instance, in
February 2020, the U.S. Food and Drug Administration (FDA) expanded its
Emergency Use Authorization (EUA) policy to allow more labs to apply for
approval to conduct testing for COVID-19.
* The sample copy includes: Report Summary, Table of
Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy
of this report: https://www.coherentmarketinsights.com/insight/request-sample/87
Global Clinical Laboratory
Services Market: Restraints
Lack of adequate resources is
expected to hinder growth of the global clinical laboratory services market.
The lack of recognition for laboratorians compounded by inadequate compensation
often leads to job dissatisfaction, negligence, lack of interest, and as a result,
departure from the profession.
Key Takeaways:
Among by type, clinical chemistry
segment of global clinical laboratory services market is expected to hold major
revenue share of 45.7% in 2020 owing to the increasing prevalence of chronic
diseases such diabetes and others
Market Trends
Major players in the global
clinical laboratory services market are focused on launching new products to
expand their product portfolio. For instance, in January 2019, Roche
Diagnostics launched Cobas pro integrated solutions, which was developed in
collaboration with the company’s long-term partner Hitachi High-Technologies.
It enhances automated lab procedures and reduces manual time.
Major players in the market are
also focused on adopting M&A strategies to expand their product portfolio.
For instance, in July 2018, SYNLAB acquired a Finnish laboratory service
provider, Yhtyneet Medix Laboratoriot Oy (YML) and diagnostic service provider
Cityterveys.
Browse Research
Report: https://www.coherentmarketinsights.com/market-insight/clinical-laboratory-services-market-87
Global Clinical Laboratory
Services Market: Competitive Landscape
Major players operating in the
global clinical laboratory services market include Abbott Laboratories,
Laboratory Corporation of America Holdings (Labcorp), Bio-Reference
Laboratories, ARUP Laboratories, Charles River Laboratories, Labco S.A.,
Genoptix Medical Laboratory, Quest Diagnostics, Inc., Healthscope Ltd., Spectra
Laboratories, and Sonic Healthcare Limited.
Global Clinical Laboratory Services
Market: Key Developments
Major players in the global
clinical laboratory services market are focused on adopting M&A strategies
to expand their product portfolio. For instance, in September 2020, LabCorp
acquired Franciscan Missionaries of Our Lady Health System’s clinical
ambulatory laboratory business and select assets and will provide reference
testing for all Franciscan Missionaries of Our Lady Health System facilities
and clinics.
Buy-Now this research
report: https://www.coherentmarketinsights.com/insight/buy-now/87
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar
opportunity.
Contact
Us:
mailto:sales@coherentmarketinsights.com
U.S.
Office:
Name: Mr. Shah
Coherent
Market Insights 1001 4th Ave,
# 3200
Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN : +050-5539-1737
