Pune, India -- (SBWIRE) -- 03/27/2018 -- Clinical laboratory services market accounted to USD 110.6 billion in 2016 growing at a CAGR of 5.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Clinical Laboratory Services Market

A clinical laboratory or the medical laboratory is a place where the various tests are performed on the clinical specimens for obtaining the information regarding the diseases. Clinical laboratories majorly focus on the applied science for the research laboratories that are engaged in offering services related ot the various tests performed in the labs.

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Major Market Drivers and Restraints:

- Rising Demand of Target Diseases
- Improvements in Clinical Diagnostic Methods
- Increasing Need for Early and Precise Disease Diagnosis
- Higher Costs of the Techniques
- Emerging Nations
- Increasing Acceptance of Digital Pathology Platforms

Market Segmentation: Global Clinical Laboratory Services Market

- By test type the global clinical laboratory services market is segmented into medical microbiology, clinical chemistry, hematology, cytology, food intolerance test, human and tumor genetics, drug abuse testing, and other esoteric tests.

- Medical microbiology is further sub-segmented into infectious disease testing, transplant diagnostic testing, and others.

- Clinical chemistry is further sub-segmented into routine chemistry testing, endocrinology chemistry testing, therapeutic drug monitoring (TDM) testing, specialized chemistry testing, and others.

- Hematology is further sub-segmented into routine hematology testing, specialized hematology testing, and coagulation testing.

- On the basis of service provider the global clinical laboratory services market is segmented into independent laboratories, hospital based laboratories, CROs, and others.

- On the basis of geography, global clinical laboratory services market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global Clinical Laboratory Services Market

The global clinical laboratory services market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of clinical laboratory services market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors: Global Clinical Laboratory Services Market

Some of the major players operating in global clinical laboratory services market are Clinical Laboratory Services, Inc., LifeLabs Medical Laboratories, Amedes Holding GmbH, Cerba Healthcare, Mayo Foundation, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Fresenius Medical Care Holdings, Inc., DaVita Inc., Eurofins Scientific, NeoGenomics Laboratories, Inc., UNILABS, SYNLAB International GmbH, Sonic Healthcare, BioReference, Labcompare, Alere, Genomic Health, Myriad Genetics, Inc., Clinical Reference Laboratory, Inc., ACM Global Laboratories among others.

Research Methodology: Global Clinical Laboratory Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or drop down your inquiry.

Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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