Global Clinical Laboratory Tests Market Overview:
Clinical laboratory tests are applied to samples collected from patients to identify a disease, to its prevention and complete treatment. Most of the medical decisions are based on clinical laboratory tests. More than 70% of the medical decisions are based on clinical laboratory tests. With the rapid growth in the population and the rising number of diseases and disorders are highly contributing to the growth of the clinical laboratory tests industry. This market is growing at a CAGR of 6-7%. The United States is holding the largest share across the globe by generating revenue of around 80bn. With the increasing ratio of the 65+ ages, population and high rate of lab automation is driving huge growth in the market. Some of the players profiled in the study are Quest Diagnostics (United States), Merck KgaA (United States), Laboratory Corporation of America Holdings (United States), Genoptix (United States), Alere, Inc. (United States), Bio-Reference Laboratories (United States), DaVita Healthcare Partners, Inc. (United States), Laboratory Corporation of America (United States), Myriad Genetics, Inc. (United States) and Siemens Healthineers (Germany).
On the basis of geography, the market of Clinical Laboratory Tests has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Speciality, the sub-segment i.e. Clinical Chemistry Testing will boost the Clinical Laboratory Tests market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Laboratories, the sub-segment i.e. Independent and Reference Laboratories will boost the Clinical Laboratory Tests market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. CBC will boost the Clinical Laboratory Tests market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Number of New Diseases
- Growing Demand for Early and Accurate Disease Diagnosis
- High Investment in Research and Development
- Increasing Number of New Market Entrants
- High Cost Associated with Advanced Clinical Laboratory Tests
- High Adoption of Point-Of-Care Testing Procedures
- Growing Acceptance of Digital Pathology Platforms
- Technology Development in Laboratory Specialities
- Rise in Concerns Regards to Data Security and Privacy
There are various companies that are operating in the market are exploring their footprints in new geographical regions by adopting various strategic initiatives such as mergers & acquisitions, expansions, investments, and others. With the development of clinical laboratory tests automation technology, the market is growing at a rapid rate.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Clinical Laboratory Tests Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Clinical Laboratory Tests market on the basis of product  , application [Central Laboratories, Primary Clinics and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Clinical Laboratory Tests market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Clinical Laboratory Tests industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Sonic Healthcare Limited (Australia), Spectra Laboratories (United States) and SYNLAB International GMBH (Germany).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Clinical Laboratory Tests market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.