Albany, NY -- (SBWIRE) -- 09/15/2017 -- The global clinical laboratory services market to grow at a CAGR of 6.72% during the period 2017-2021.

Clinical laboratories provide services that help healthcare professionals (HCPs) diagnose and treat diseases. Clinical laboratories conduct specialty tests of large volume of samples such as blood, plasma, and lipids. Several organizations such as nursing homes, corporate offices, insurance companies, pharmaceutical and biotechnology companies, and hospitals refer people to clinical laboratories for testing. Though hospitals may have in-house testing capabilities, they outsource testing to clinical laboratories due to the large volume of samples and the high cost of equipment.

Covered in this report

The report covers the present scenario and the growth prospects of the global clinical laboratory services market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Clinical Laboratory Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Abbott Laboratories
LabCorp
Quest Diagnostics
Siemens Healthineers

Other prominent vendors
ARUP Laboratories
Charles River Laboratories
Genoptix
Myriad Genetics
NeoGenomics Laboratories
Sonic Healthcare
Spectra Laboratories

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Market driver
Growth of aging population
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Market challenge
Lack of skilled professionals
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Market trend
Increasing adoption preventive healthcare
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?