Clinical Laboratory Services Market to Surpass US$ 315 Million by 2024 : Coherent Market Insights

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
The Global Clinical Laboratory Services Market was valued US$ 168.9 million in 2015 and is projected to
expand at a CAGR of 6.4% during the forecast period: 2016-2024, as analyzed by Coherent Market
Insights in a detailed report about the same. Increasing health awareness among the general population
is in turn fueling uptake of routine health check-ups. This is also being supported by growing incidence of
diseases in turn driving the demand for clinical laboratory services globally. In order to capitalized on this
highly lucrative opportunity, clinical laboratory service providers such as Laboratory Corporation of
America Holdings (Labcorp), Quest Diagnostics, Inc., Spectra Laboratories, Sonic Healthcare Limited,
and Charles River Laboratories are offering additional services such as web-based booking of test/service
and free home pick-up of test samples, complementing regular packages for health check-ups.
Get FREE Sample Of This Research Report At :
https://www.coherentmarketinsights.com/insight/request-sample/87
Increasing competition among clinical laboratory service providers in turn is leading to rampant increase
in corporate cannibalization. Most major players are acquiring smaller player in order to enhance their
position in the market and leading to consolidation in the market. For instance, Laboratory Corporation of
America Holdings (LabCorp) acquired Sequenom, Inc. in July 2016, subsequently becoming the leader in
non-invasive prenatal testing (NIPT) for reproductive health. The company continues along this inorganic
growth roadmap and in October 2016, the company acquired ClearPath Diagnostics, a leading clinical
laboratory service provider in the Northeastern region of the U.S.
Clinical laboratory service providers are also focusing on vertical integration in the ecosystem. For
example, in November 2016, Sonic Healthcare Limited increased its ownership stake in GLP Systems
from 25% to 80%. GLP Systems, a Germany-based company, developed an innovative laboratory
automation technology that enables seamless and automated transportation of specimen tubes between
storage, work areas, and diagnostic machines. Sonic Healthcare Limited also expanded its presence in
Germany by acquiring Staber Laboratory Group based in Munich, Germany, in November 2016. The
Staber Group has three hub laboratories and 14 regional, specialty and hospital labs in Germany, making
it one of the leading players in the country.
Increasing incidence of infectious diseases and the growing burden of non-communicable diseases is in
turn driving demand for clinical tests. This is influencing clinical laboratory service providers to increase
their functional capabilities to cater to the growing needs of patients. As revealed by stats released by
Quest Diagnostics, Inc., around 70% of the medical decision are based on lab results. This is expected to
proliferate demand for clinical laboratory services in the emerging economies including China and India.
To know the latest trends and insights of this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/clinical-laboratory-services-market-87
Key takeaways of the market:

The global market for clinical laboratory services is estimated to be valued at US$ 192.3 million in 2017.
Growing aging population and increasing incidence of infectious diseases, cardiac disorders, stroke, and
liver disorders are factors attributed to growing number of patients visiting clinical laboratories for tests.





Clinical chemistry test was the dominant segment in the market, accounting around 45% of total revenue
share in 2015. Clinical chemistry test includes testing of blood and urine samples in the patients as an
initial step to diagnose a disease or preexisting health condition.
Among service providers, the hospital-based clinical laboratories segment was valued at US$ 96.4 million
in 2015. This is owing to availability of better diagnostic devices and services in hospitals as compared to
other healthcare service providers.
However, the services offered by standalone clinical laboratories are improving rapidly, wherein
accessibility to patients has increased
The clinical laboratory services market is expected to gain significant growth traction in Asia Pacific and
Latin America, mainly attributed to high prevalence of infectious and non-communicable diseases,
increasing health concerns, and new diagnostic laboratories being established to cater to the growing
needs of patient for health check-ups
Consolidation is the key trend observed in order to cement the market presence and sustain the customer
base - LabCorp acquired Sequenom, Inc in July 2016, and ClearPath Diagnostics in October 2016
Browse Press Release : https://www.coherentmarketinsights.com/press-release/clinical-laboratoryservices-market-to-surpass-us-315-million-by-2024-14
TABLE OF CONTENT
Table of Contents
1. Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations
2. Market Purview
o Report Description
 Market Definition and Scope
o Executive Summary
 Market Snippet By Test Type
 Market Snippet By Service Provider
 Market Snippet By Region
o Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
 Drivers
 Supply Side Drivers
 Demand Side Drivers
 Economic Drivers
 Restraints
 Market Opportunities

Regulatory Scenario
 Industry Trend
 Epidemiology/Prevalence/Incidence
 Merger and Acquisitions
 New Product Approvals/Launch
 Promotion and Marketing Initiatives
o Cost Tier Down Analysis
4. Global Clinical Laboratory Services Market, By Test Type, 2014 - 2024 (USD Million)
o Introduction
 Market Share Analysis, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, 2014 - 2024
 Segment Trends
o Clinical Chemistry
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Medical Microbiology and Cytology
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Human & Tumor Genetics
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Other Esoteric Tests
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
5. Global Clinical Laboratory Services Market, By Service Provider, 2014 - 2024 (USD Million)
o Introduction
 Market Share Analysis, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, 2014 - 2024
 Segment Trends
o Clinic-based
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Hospital-based
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Standalone
 Introduction
 Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
Request For Customisation Of This Repoort At :
https://www.coherentmarketinsights.com/insight/request-customization/87
6. Global Clinical Laboratory Services Market, By Regions, 2014 - 2024 (USD Million)
o
o
o
o
Introduction
 Market Share Analysis, By Region, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, For Regions, 2014 - 2024
North America
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 U.S.
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Canada
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
Europe
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 U.K.
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Germany
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Italy
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 France
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Russia
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Rest of Europe
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
Asia Pacific

o
Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 China
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 India
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Japan
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 ASEAN
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Australia
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 South Korea
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Rest of Asia Pacific
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
Latin America
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 Brazil
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Mexico
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Argentina


Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
Rest of Latin America
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
Middle East
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 GCC Countries
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Israel
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Rest of Middle East
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
o Africa
 Market Share Analysis, By Country, 2015 and 2024 (%)
 Y-O-Y Growth Analysis, By Country, 2014 - 2024
 Northern Africa
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 Central Africa
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
 South Africa
 Country Trends
 Market Size and Forecast, By Test Type, 2014 - 2024 (USD Million)
 Market Size and Forecast, By Service Provider, 2014 - 2024 (USD Million)
7. Competitive Landscape
o Heat Map Analysis
o Market Share Analysis
o Company Profiles
 Abbott Laboratories
o








Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Laboratory Corporation of America Holdings (Labcorp)
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Bio-Reference Laboratories
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
ARUP Laboratories
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Charles River Laboratories
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Labco S.A.
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Genoptix Medical Laboratory
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Quest Diagnostics, Inc.




Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Healthscope Ltd.
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Sonic Healthcare Limited
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans
Spectra Laboratories
 Company Overview
 Product Portfolio
 Financial Performance
 Recent Developments/Updates
 Future Plans

Analyst Views
8. Section
o References
o Research Methodology
o About us and Sales Contact
o
About Us
COMPANY OVERVIEW
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting
our plethora of clients achieve transformational growth by helping them make critical business decisions.
We are headquartered in India, having office at global financial capital in the U.S. Our client base includes
players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to
help businesses around the globe deliver practical and lasting results through various recommendations
about operational improvements, technologies, emerging market trends and new working methods. We
offer both customized and syndicated market research reports that help our clients create visionary growth
plans to provide traction to their business. We meticulously study emerging trends across various
industries at both the global and regional levels to identify new opportunities for our clientele. Our global
team of over 100 research analysts and freelance consultants provide market intelligence from the very
molecular country level and also provide a global perspective of the market. Our team is of the most vital
cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive
defusion training module.This allows for an objective and unbiased assessment of the market. We pride
ourselves in my constantly striving to update our extremely in-depth understanding of the market by
closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable
industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize
on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth
path in the future.
Contact Us
CORPORATE OFFICE:
Coherent Market Insights
303, Astral Court,Above Reliance Fresh,
Near Gaikwad Petrol Pump,
Aundh, Pune – 411045, India
Tel: +1-206-701-6702
Email: [email protected]
Website: https://www.coherentmarketinsights.com/
Visit Blog : http://globalresearchtrends.blogspot.in/

The Global Clinical Laboratory Services Market was valued US$ 168.9 million in 2015 and is projected to expand at a CAGR of 6.4% during the forecast period: 2016-2024, as analyzed by Coherent Market Insights in a detailed report about the same. Increasing health awareness among the general population is in turn fueling uptake of routine health check-ups. This is also being supported by growing incidence of diseases in turn driving the demand for clinical laboratory services globally. In order to capitalized on this highly lucrative opportunity, clinical laboratory service providers such as Laboratory Corporation of America Holdings (Labcorp), Quest Diagnostics, Inc., Spectra Laboratories, Sonic Healthcare Limited, and Charles River Laboratories are offering additional services such as web-based booking of test/service and free home pick-up of test samples, complementing regular packages for health check-ups.