Clinical Laboratory Services Market, By Test Type, Service Provider, and Geography - Trends, Analysis and Forecast till 2024

Global Clinical Laboratory Services Market, By Test Type (Clinical Chemistry,
Medical Microbiology & Cytology, Human & Tumor Genetics, Other Esoteric
Tests), Service Provider(Clinic-based, Hospital-based, Standalone), and
Geography - Trends, Analysis and Forecast till 2024
[DATE]
[COMPANY NAME]
[Company address]
CLINICAL LABORATORY SERVICES MARKET TO SURPASS US$ 315 MILLION
BY 2024
Report Description
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 pickup 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.
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Key features of the study:
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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
It elucidates potential revenue opportunity across different segments and explains attractive
investment proposition matrix for this market
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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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TABLE OF CONTENT
Browse Complete TOC, Professional and Technical
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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.