Pune, India -- (SBWIRE) -- 06/20/2018 -- Clinical Reference Laboratories Market - Synopsis

The global Clinical reference laboratory market has been evaluated as progressively growing market and it is expected that the market will continue to grow similarly in the near future. Globally the market for Clinical reference laboratories is growing steadily and has a bright future. Globally the market for Clinical reference laboratories is expected to grow at the rate of about 5.8 % from 2016 to 2027.

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Clinical reference laboratories are used to support diagnosis/analysis in patient care as well as medical research. Laboratory services are an essential part of disease diagnosis, treatment, monitoring response to treatment, disease surveillance programs and clinical research. The test results therefore should be consistent, precise and reproducible. Generation of such quality results includes a step wise process of thoughtful planning, perfect implementation and thorough checking of results by the whole team involved. International guidelines lay down the principles of a Clinical reference Laboratory Practices to be monitored by medical researchers to generate quality data.

It was not limited to the direct billings, but the U.S. clinical labs that depends on Medicare for close to 20% of billings and for certain communities it is as high as 80% of business that got affected. In continuous efforts to protect the hospitals bottom line, many hospital CEOs are turning to outsource various value based services, various companies are rising to offer these diagnostic outsourcing contracts from hospitals. Hence, the increasing value based outsourcing from hospitals has enhanced the market for these independent reference laboratory services.

Vital Players:

Some of the key players in this market are: Laboratory Corporation of America, KingMed Diagnostics, Aurora Diagnostics, Sonic HealthCare Limited, Synlab International GmbH, Bioreference Laboratories, Unilabs, Clinical Reference Laboratory, ARUP Laboratories, Quest Diagnostics and others.       

Geographical Overview:

Depending on geographic region, Clinical reference laboratory market is segmented into four key regions:  America, Europe, Asia-Pacific, and Middle East & Africa. Globally America is the largest market for Clinical reference laboratory. North American region is the leading market in the America region with countries like United States and Canada playing a major role in the industry. Europe is the second-largest market globally for Clinical reference laboratory which is expected to continue its growth in the near future. Asia pacific region is expected to be fastest growing region in Clinical reference laboratory market.

Segmentations:

Clinical reference laboratories market has been segmented on the basis of service providers which comprises of Stand Alone, Hospital Based and Clinical Based. On the basis of applications which comprises of Laboratory medicine, clinical trials and others.

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Key Finding

The Clinical reference laboratories global market is expected to reach $247 billion by 2027.
Hospital based segment holds the largest share of around 45% of the market.
North America holds the largest market share of ~47%% of Clinical reference laboratories market and is anticipated to reach $115 billion by the end of forecast period.
Globally, Europe and Asia-Pacific are expected to be fastest growing region and are anticipated to grow at the rate of ~6% during the forecast period.
Major TOC of Clinical Reference Laboratories Market Research Report- Global Forecast to 2027:

1 REPORT PROLOGUE

2 SCOPE OF STUDY

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

5 GLOBAL CLINICAL REFERENCE LABORATORIES MARKET, BY SERVICE PROVIDER

6 GLOBAL CLINICAL REFERENCE LABORATORIES MARKET, BY APPLICATIONS

7 GLOBAL CLINICAL REFERENCE LABORATORIES MARKET, BY REGION

8 COMPETITIVE LANDSCAPE

9 COMPANY PROFILES

Key Questions Answered In This Report:

What will the market size 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?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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