Clinical Laboratory Test Market | Industry Analysis, Size, Growth, Key Players, Segmentation And Forecast By 2027
Clinical laboratory test market has emerged as the most growing segment of healthcare over the past few years. Clinical laboratory testing includes all routine check-ups and other pathology tests for the diagnosis of various diseases ranging from CBC and other routine blood test, anatomical pathological testing, molecular, immunological, drug testing and other tests for disease diagnosis and treatment. CBC and other routine blood tests are the most common type of tests that screens for certain disorders leading for increase or decrease of cell counts. These test help to diagnose a broad range of conditions from anaemia and infections to cancer.
The Clinical Laboratory Test market is growing mainly due to growing awareness, and rising adoption of anti-inflammatory drugs. According to a recent study report published by the Market Research Future, the Clinical Laboratory Test market is booming and expected to gain prominence over the forecast period. The market is forecast to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2022).
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Segments of Clinical Laboratory test Market:
- Laboratory type
- Hospital based laboratories
- Central/independent laboratories
- Physician office laboratory (pol)
- Others
- Laboratory tests
- Complete Blood Count (CBC) and other routine blood tests
- Anatomic pathology
- Molecular tests
- Immunology tests
- Drug testing
- Others
Regional Analysis of Clinical Laboratory test Market:
North America is the largest market share holder accounting for 44.6% of global clinical laboratory test market and is expected to generate a CAGR growth of 6.2%. U.S. is expected to be the prime market share holder of North America clinical analyzers market generating an anticipated CAGR growth of 5.8%. Large number of laboratories and growing volume of clinical testing procedures are the prime reasons for the dominance of the U.S. Canada, is expected to be the fastest market in the North American region with an expected CAGR growth of 6.3%.
Europe is expected to be the second largest market for clinical laboratory test and is expected to generate a CAGR growth of 6.6%. Europe region is expected to be dominated by Germany owing to its highly developed medical device companies. Germany is expected to be followed by France and the U.K.
Asia-pacific region is expected to be the fastest growing market, with a growth rate of 6.5% to 7% on account of growing awareness, strengthening government support and growing healthcare infrastructure.
Clinical Laboratory Test Market Players
- Laboratory Corporation of America,
- LifeLabs Medical Laboratories,
- Sonic Healthcare,
- Aurora Diagnostics,
- Quest Diagnostics,
among others are some key companies in the global Clinical Laboratory Test that are listed by MRFR for market research.
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Table of Content
1 Report Prologue
2 Introduction
2.1 Introduction 13
2.2 Scope Of Study 13
2.3 Research Objective 13
2.4 Assumptions & Limitations 13
2.4.1 Assumptions 13
2.4.2 Limitations 13
2.5 Market Structure 14
3 Research Methodology
3.1 Primary Research 16
3.2 Secondary Research 16
4 Market Dynamics
4.1 Drivers 17
4.1.1 Increasing Prevalence Of Chronic Diseases 17
4.1.2 Growing Population 18
4.1.3 Increase In Global Volume Of In-Vitro Diagnostic Tests 18
4.1.4 Increasing Patient Awareness 18
4.2 Restraints 18
4.2.1 High Cost And Development Of Technology 18
4.2.2 Less Funding 19
4.3 Opportunities 19
4.4 Threats 19
TOC Continued...
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
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