Clinical Laboratory Services Market is expecting to grow at a faster rate in the forecast period due to factors including increasing demand for early detection of diseases, rising investments on the research and development of the clinical products, rising complications in the management of healthcare products, rising demand for innovative laboratory testing procedures of and rising need of places that speeds-up the process of healthcare research. However, concern regarding increasing cost may hamper the growth of clinical laboratory services market.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Clinical Laboratory Services Market
Both the developed and developing countries are highly investing in the several types of clinical researches, thus, the demand for Clinical laboratory services is increasing from year to year. Additionally, rising healthcare centers and hospitals also drive the market for Clinical laboratory services.
Europe had the highest market share in 2017, primarily due to increasing the incidence of chronic disease conditions in the region. Germany and U.K. hold the major share in this region due to increasing research and development activities. Other factors such as rising investment by the government on healthcare and the increasing number of clinical research centres in the region also drive the market for Clinical laboratory services through the forecast period.
North America is expected to have a higher growth rate in the forecast period due to high awareness about early diagnosis, an increasing rate of lifestyle diseases, and the rising number of seasonal diseases in the region. U.S. and Canada held the major share in this region due to rising investment from the government and other private organizations for clinical research and development in the countries.
Stand-alone laboratories had the highest market share in 2017, primarily due to a rising number of infectious diseases. Other factors including advancement in the laboratory technologies, increasing demand for quick results, and advancement in the test methodology in the stand-alone laboratories also drive the Clinical laboratory services.
The objective of the report is to present comprehensive analysis of Clinical Laboratory Services market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Clinical Laboratory Services market dynamics, structure by analyzing the market segments, and project the Clinical Laboratory Services market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Clinical Laboratory Services market make the report investor’s guide.
Clinical Laboratory Services Market Segmentation
• Clinical Laboratory Services Market, By Test Types
o Clinical Chemistry Testing
Routine Chemistry Testing
Endocrinology Chemistry Testing
Therapeutic Drug Monitoring (TDM) Testing
Specialized Chemistry Testing
Other Clinical Chemistry Testing
o Microbiology Testing
Infectious Disease Testing
Transplant Diagnostic Testing
Other Microbiology Testing
o Hematology Testing
o Immunology Testing
o Cytology Testing
o Genetic Testing
o Drug of Abuse Testing
• Clinical Laboratory Services Market, By Provider
o Hospital-Based Laboratories
o Stand-Alone Laboratories
o Clinic-Based Laboratories
• Clinical Laboratory Services Market, By Applications
o Drug discovery related Services
o Drug development related services
o Bio analytical & Lab chemistry services
o Toxicology testing services
o Cell & gene therapy related services
o Preclinical & clinical trial related services
o Other clinical laboratory services
The above data will be provided for following regions/countries (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Spain
o Italy
• Asia Pacific
o China
o India
o Japan
o Australia
• Latin America
o Argentina
o Brazil
o Mexico
• Middle East and Africa
o South Africa
o Saudi Arabia
