Clinical Laboratory Services Market Size Is Projected To Be Around $348 Billion By 2025
A research study titled, “Clinical Laboratory Services Market by Test Type and Service Provider- Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the clinical laboratory services market is projected to be ar
(EMAILWIRE.COM, October 17, 2017 ) Clinical laboratories are an inseparable part of the healthcare industry. Theselaboratories are used to performlarge range of diagnostic tests ranging from simple blood tests to highly complex DNA sequencing. Clinical laboratories play a vital role in providing information and services which maximize healthcare delivery system by providing diagnostic and test results.Besides diagnostic services, lab testing may also be performed to evaluate drug treatment,disease progression and to figure out individual therapy for diseases. Clinical laboratory service market is continuously growing due to high prevalence of diabetes, cancer and other disorders leading to increase in number of patients requiring diagnostic services, further driving the global market. Furthermore these services are cost effective and require minimum invasive method for clinical decision making and diagnosis. Advancement in technologies such as micro assays and biochips which can process large number of samples at a time will further enhance growth of the global market.
Clinical chemistry segment accounted for the largest share of the global market in 2016,owing to increase in demand for early detection of diseases like diabetes and cancer for effective disease treatment and management. Medical microbiology and cytology market is anticipated to witness fastest growth during forecast period due to increase in pool of patients suffering from infectious diseases requiring large number of diagnostic procedures. On the basis of service provider, standalone laboratories market is poised to witness fastest growth during the forecast period primarily due to wide range of diagnostic services offered by these labs and ability to manage large test volume with quick delivery of results.
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U.S. dominated the global clinical laboratory services market in 2016.This can be attributed to presence of large number of clinical laboratories and high population suffering from various disorders requiring diagnostic services.Emerging nations such as China and India will exhibit favorable growth over the forecast period owing to large pool of patients and increasing demand for early detection of diseases. Moreover, rapid development and changes in healthcare infrastructure along with increase in disposable income of people will further fuel the growth of the market.
Market Classification
Clinical Laboratory Services Market, By Test Type, Estimates and Forecast, 2016-2025 ($Million)
Human and Tumor Genetics
Medical Microbiology and Cytology
Clinical Chemistry
Other Esoteric Tests
Clinical Laboratory Services Market, By Service Provider, Estimates and Forecast, 2016-2025 ($Million)
Stand-alone Laboratories
Hospital-based Laboratories
Clinic-based Laboratories
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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About Crystal Market Research
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact:
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
Website: http://www.crystalmarketresearch.com
Clinical chemistry segment accounted for the largest share of the global market in 2016,owing to increase in demand for early detection of diseases like diabetes and cancer for effective disease treatment and management. Medical microbiology and cytology market is anticipated to witness fastest growth during forecast period due to increase in pool of patients suffering from infectious diseases requiring large number of diagnostic procedures. On the basis of service provider, standalone laboratories market is poised to witness fastest growth during the forecast period primarily due to wide range of diagnostic services offered by these labs and ability to manage large test volume with quick delivery of results.
For more information on this report, fill the form @: http://www.crystalmarketresearch.com/report-sample/HC0627
U.S. dominated the global clinical laboratory services market in 2016.This can be attributed to presence of large number of clinical laboratories and high population suffering from various disorders requiring diagnostic services.Emerging nations such as China and India will exhibit favorable growth over the forecast period owing to large pool of patients and increasing demand for early detection of diseases. Moreover, rapid development and changes in healthcare infrastructure along with increase in disposable income of people will further fuel the growth of the market.
Market Classification
Clinical Laboratory Services Market, By Test Type, Estimates and Forecast, 2016-2025 ($Million)
Human and Tumor Genetics
Medical Microbiology and Cytology
Clinical Chemistry
Other Esoteric Tests
Clinical Laboratory Services Market, By Service Provider, Estimates and Forecast, 2016-2025 ($Million)
Stand-alone Laboratories
Hospital-based Laboratories
Clinic-based Laboratories
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Buy Report @: http://www.crystalmarketresearch.com/checkout/27
About Crystal Market Research
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact:
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
Website: http://www.crystalmarketresearch.com
Contact Information:
QYResearch Groups
Alex Martin
Tel: +1-888-213-4282
Email us
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QYResearch Groups
Alex Martin
Tel: +1-888-213-4282
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results