Clinical Laboratory Services Market to receive overwhelming hike in Revenues by 2024 – Credence Research

The latest industry report published by Credence Research, Inc. “Global Clinical Laboratory Services industry – Growth, Share, Opportunities, Competitive Analysis, & Forecast, 2016 – 2022,” the clinical laboratory services industry was valued at USD 165.8 Bn in 2015, & is expected to reach USD 248.5 Mn by 2022, exp&ing at a CAGR of 5.9% from 2016 to 2022.

Browse the full report Clinical Laboratory Services industry – Growth, Share, Opportunities, Competitive Analysis, & Forecast, 2016 – 2022 at

Industry Insights

The clinical diagnostic tests performed by laboratories can be broadly classified into four major categories, namely, clinical chemistry, medical microbiology & cytology, human & tumor genetics & other esoteric tests. Ranging from routine blood & urine tests to high-end genetic analysis including fluorescence in situ hybridization (FISH), molecular expression testing, etc., clinical laboratories offer numerous tests that help detect disease progression & abnormalities. The three major types of service providers in this industry include hospital-based laboratories, clinic-based laboratories & st&-alone laboratories. With the increasing incidence rates of debilitating conditions such as cancer, diabetes & infectious diseases, the number of patients that will opt for such tests will continue to increase in the future & thereby increase the dem& for these services. Moreover, the percentage of aged population in the U.S. is expected to grow to an estimated 20% by 2030. Such a large population of elderly people in the U.S. alone will lead to high testing volumes for clinical laboratories. Diagnostics manufacturers such as Roche Holdings, Genomic Health, Abbott Diagnostics, Qiagen, etc. are focusing their efforts towards developing products & systems that would enable highly accurate analysis of patient samples & also enable processing of thous&s of samples at a time. This will help clinical laboratories to cope with the rising dem& & in turn ensure revenue generation.

industry Competition Assessment:

The clinical laboratory services industry is observed as the most diversified & competitive industry comprising large number of players.  The industry is dominated by several players, depending on their major competencies. The key players in this industry are Abbott Laboratories, ARUP Laboratories, Bio-Reference Laboratories, Bioscientia Healthcare, Charles River Laboratories, Genoptix Medical Laboratory, Healthscope, Laboratory Corporation Of America Holdings (Labcorp), Labco S.A., Sonic Healthcare Limited, Spectra Laboratories, Quest Diagnostics, Inc., Genzyme Corporation, & Siemens.

Key industry Movements:

Specialized diagnostic tests have aided early disease detection which has assisted the overall growth of clinical laboratory services industry

In clinical laboratory services industry Asia Pacific is expected to grow at the fastest CAGR during the forecast period due to presence of high unmet medical needs coupled with rapidly improving healthcare infrastructure in the emerging industrys of India & China are some key drivers of this region

The independent laboratories sector is dominated by two players, Quest Diagnostics & Lab Corp, with about half the share

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Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Clinical Laboratory Services Market, by Test Type, 2015 (USD Mn)
2.2 Clinical Laboratory Services Market Share, by Service Provider Type, 2015 & 2022 (Value %)
2.3 Clinical Laboratory Services Market Share, by Geography, 2015 (Value %)

Chapter 3 Global Clinical Laboratory Services Market: Market Dynamics and Outlook
3.1 Clinical Laboratory Services : Current and Future Trends
3.2 Disease Prevalence in Major Countries Across All Geographical Regions
3.3 Reimbursement Scenario Across the Regions
3.4 Drivers
3.5 Challenges
3.6 Future Prospects
3.7 Porter’s Five Forces Model
3.8 Attractive Investment Proposition
3.9 Market Share Analysis: Key Clinical Laboratory Service Providers, 2015 (%)

Chapter 4 Global Clinical Laboratory Services Market Analysis, by Test Type
4.1 Preface
4.2 Clinical Chemistry
4.3 Medical Microbiology & Cytology
4.4 Human & Tumor Genetics
4.5 Other Esoteric Tests
Chapter 5 Global Clinical Laboratory Services Market Analysis, by Service Provider Type
5.1 Preface…

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