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Clinical Laboratory Services Market Size 2020 Global Industry Analysis To 2026

Clinical Laboratory Services Market Size 2020 Global Industry Analysis To 2026

Clinical Laboratory Services Market Infrastructure Key Players Studied In Report:

Mayo Foundation for Medical Education and Research, Clinical Laboratory Services, Inc., UNILABS, Novartis AG, Covance Inc., SYNLAB International GmbH, Fresenius Medical Care AG & Co. KGaA, Sonic Healthcare, Laboratory Corporation of America Holdings, NeoGenomics Laboratories, Inc., Adicon Holding Limited, BioReference Laboratories, and other prominent market players.

The report classifies the global clinical laboratory services market on the bases of laboratory type, ownership, end user, and geography. In terms of laboratory type, the market is further grouped into integrated clinical laboratory and specialty clinical laboratory. Amongst these, the specialty clinical laboratory type holds a considerable portion of the global clinical laboratory services market. It is likely to remain in its position throughout the forthcoming period. This is because of a rise in the patient pool and increasing focus towards the prevention of viral diseases.

SRL Diagnostics, a diagnostic company headquartered in Gurugram, India, announced the opening of its largest accredited lab network in Tirupati, in February 2019. The lab will offer its services to approximately 3 crore pilgrims who visit Tirupati as it is considered to be one of the holiest pilgrimage sites in India. Carlyle Group, a multinational private equity, based in the U.S. and Meinian Onehealth Healthcare Holdings Co., a renowned provider of health checkup and medical treatment, based in China, invested in Adicon Holding Ltd., an independent clinical laboratory in October 2018. They became a single shareholder.

Moreover, rise in the prevalence of epidemic diseases across the globe contribute to the increasing demand for clinical laboratory services, which in turn, drives the global market. In terms of ownership, the market is divided into standalone clinical laboratory, hospital-owned clinical laboratory, and others. By end user, the market is segmented into research centres, clinics, hospitals, and others.

Market Segmentation:

The global Clinical Laboratory Services market has been segmented based on Laboratory, Ownership, End User, and Region.

By Laboratory, the Clinical Laboratory Services market has been segmented into Speciality Clinical Laboratory, Integrated Clinical Laboratory.

By mode of Ownership, the Market For Clinical Laboratory Services has been segmented into Hospital owned clinical laboratory, Standalone clinical laboratory.

By mode of End User, the market has been segmented into Hospitals, Clinics, Research Centers, Others.

By mode of Region, the Clinical Laboratory Services Industry has been segmented into North America, Asia-Pacific, Europe, Middle East-Africa, South America and Rest of the World.

Regional Analysis:

The global clinical laboratory services market is geographically divided into North America, Asia Pacific, the Middle East and Africa, Latin America, and Europe. In 2017, North America was leading the global clinical laboratory services market. This is mainly because of a rise in geriatric population, growth in the incidence of chronic diseases, and a rise in the cases of viral infections. Additionally, high rate of cost control trends among the hospitals, constant advancements in technology, and increasing demands for diagnostics have recently started to drive the global clinical laboratory services market in North America. Fortune Business Insights predicts that the Middle East and Africa as well as Asia Pacific have huge potentials to grow during the forecast period in the global clinical laboratory services market. This is mainly because of a rise in the usage of advanced clinical technology services and increasing awareness regarding disease prevention.

Intended Audience:

  • Clinical Laboratory Services Key Players
  • Clinical Laboratory Services Suppliers
  • Research and Development (R&D) Companies
  • Distributer & Supplier companies
  • End Users
  • Consultants and Investment bankers
  • Government as well as Independent Regulatory Authorities

Report Highlights:

  • In-depth information about the latest Chronic Kidney Disease market trends, opportunities, and challenges.
  • Extensive analysis of the growth drivers and barriers.
  • Competitive landscape consisting of investments, agreements, contracts, novel product launches, strategic collaborations, and mergers and acquisitions.
  • List of the segments and the niche areas.
  • Comprehensive details about the strategies that are being adopted by key players.

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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