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.
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