Deerfield Beach, FL -- (SBWIRE) -- 05/30/2017 -- Latest industry research report on Medical Laboratories Market. Medical laboratories are independent, commercial enterprises that provide analytic services to the healthcare professionals. Medical Labs facilitate tests on clinical specimens and help determine the cause of disease by evaluating a patient's medical examination. The Asia Pacific medical laboratories market is growing expeditiously owing to rising incidence rates of chronic diseases such as obesity, cardio-vascular ailments, cancer, diabetes and the increasing cost of healthcare services worldwide.

The Asia-Pacific region is growing swiftly in the medical laboratories market owing to cost effective medical treatments, increased awareness for medical testing services and favorable government initiatives to improve healthcare.

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While the demand for medical laboratories has increased considerably in recent years, the market also poses a major challenge in the form of inadequate skilled workers.

Anatomical pathology testing is expected to grow at the fastest CAGR during the forecast period of 2013- 2020, owing to the increasing incidence rates of infectious diseases and leading to an increase in procedure volumes.

The Asia Pacific medical laboratories market is segmented into three major categories: application, end user and geography.

BY APPLICATION

Routine medical testing
Esoteric medical testing
Anatomical pathology testing
Diagnostic imaging services
Others

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BY END USER

Hospital-Based Laboratories
Stand-Alone Laboratories
Clinic-Based Laboratories

BY GEOGRAPHY

China
Japan
India
Australia
Others