Clinical laboratory services offer a series of medical tests for the assessment of any disease or underlying medical conditions. These tests aid in the early detection of diseases, after which proper treatment procedures can be undertaken. Rising awareness regarding personalized medicine provides an impetus to the market growth.
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐ญ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐๐๐ซ๐โฆ https://straitsresearch.com/report/clinical-laboratory-services-market/request-sample
Globally, the manufacturers are actively working to develop creative and technically sophisticated clinical laboratory research technologies to sustain in the raging competition and increase the customer base. The emergence of new infectious diseases is with the potential to cause serious damage is prompting the need for development in clinical laboratory research.
The medical laboratory facilities deliver reliable and effective health treatment and improved patient outcomes, further driving the market growth. The clinical laboratory testing facilities offer umpteen benefits, including check-ups at a discounted price, fast safety assessment, and trained practitioners. Additionally, increasing competition has compelled the leading players to engage in collaborations to develop innovative research devices for a fast health evaluation, further driving the market growth.
Segmentation
Rising Prevalence of Parasitic Infections to Drive the Microbial Testing Segment
Microbiology testing is the fastest-growing segment in the clinical laboratories services market. Growing cases of nosocomial, infectious, fungal, and bacterial parasitic infections are driving the need for microbial testing. The introduction of new sequencing technology due to reduced prices of sequencing accelerates the segment growth. Microbiology research is used to identify the presence of pathogenic microorganisms and their metabolites on humans. Apart from this, microbial testing is extensively used in research for the treatment of hepatitis, syphilis, Ebola virus, and HIV. It is also used in various applications such as healthcare for diagnostics of diseases, food industry, and cosmetic industry.
Clinic-Based Laboratories Segment to Hold the Largest Market Share
The clinic-based laboratory segment holds the largest market share during the forecast period. The next-generation sequencing (NGS) technology assists microbiologists in gathering knowledge on endocrinological disorders such as hormonal fluctuations, diabetes, and hypothyroidism. The clinic-based laboratories have a well-defined infrastructure with efficient medical facilities, further boosting the segment growth. In September 2019, Spectra Laboratories constructed a 200,000 square foot building in the Stateline Business Park in Southaven with a workforce of over 300 to determine the consistency of the patient's kidneys. The company offers immediate test results, helping patients to receive the specialized treatment they require in a timely manner.
Key Players
- Laboratory Corporation of America Holdings (LabCorp)
- Roche Diagnostics
- Abbott Laboratories
- Bio-Rad Laboratories Inc.
- Charles River Laboratories
- Quest Diagnostics Inc.
- Neogenomics Laboratories, Inc.
- RUP Laboratories
- Mayo Medical Laboratories
- Spectra Laboratories Inc.
