Clinical
laboratory tests are an integral part of healthcare industry, aiding effective
diagnosis of diseases. The tests conducted at diagnostic laboratories enable
identification of the epidemiology of disease, the resultant abnormalities,
level of progression (stage) of the disease, and imbalances in the physiology.
With growing competition, clinical laboratories are providing additional
services such as free-home pick-up of the blood and urine sample, sharing
medical reports directly with the concerned physician, and regular
updates/reminders for health check-up. The clinical test equipment
manufacturers such as Quest Diagnostics, Inc. and Abbott Laboratories are
constantly working on improving their laboratory products to shorten the
duration of test and increase product efficiency. This enables effective
management of clinical laboratories.
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Market Dynamics
According
to the United Nations 2015 World Population Prospects Report, the number of
people aged 60 years and above is expected to grow by 56% to reach 1.4 billion
by 2050. Aging increases the risk of infections and chronic disorders such as
arthritis, atherosclerosis, cancer, liver diseases, and diabetes. This makes
the geriatric population a key target group for diagnostic tests. Increasing
health consciousness and awareness among people for regular-health check-ups
for identifying signs of any disease have also increased number of visits to
laboratories. Also, diagnostic laboratories are launching multiple health
packages for routine health check-ups and encouraging the general population to
perform routine health check-up at least once a year. Such initiatives from the
clinical test service providers is also fueling the demand for clinical
laboratory services.
Market Taxonomy
This
report segments the global clinical laboratory services market on the basis of
test type and service provider. On the basis of test type, the global clinical
laboratory services market is classified as clinical chemistry, medical
microbiology & cytology, human & tumor genetics, and other esoteric
tests. Service providers include clinic-based laboratories, hospital-based
clinical laboratories, and standalone clinical laboratories.
Key features of the study:
·
This report provides in-depth
analysis of clinical laboratory services in medical sector and provides market
size (US$ million) and Cumulative Annual Growth Rate (CAGR) (%) for the
forecast period (2016 – 2024), considering 2015 as the base year
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·
It elucidates potential revenue
opportunity across different segments and explains attractive investment
proposition matrix for this market
·
This study also provides key insights
about market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategy adopted by the leading
players
·
It profiles leading players in the
global clinical laboratory services market based on the following parameters –
company overview, financial performance, product portfolio, geographical
presence, distribution strategies, key developments and strategies and future plans
·
Key companies covered as a part of
this study 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
·
Insights from this report would allow
marketers and the management authorities of the companies to make informed
decision regarding their future product launch, technology up-gradation, market
expansion and marketing tactics
·
The global clinical laboratory
services market report caters to various stakeholders in this industry,
including investors, clinical laboratory equipment suppliers and distributors,
new entrants, and financial analysts
·
Stakeholders would have ease in
making decision through the various strategy matrices leveraged in analyzing
the clinical laboratory services market
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