The global clinical laboratory services market is expected to expand at a CAGR 5.4% between 2017 and 2025. Rising at this pace, the market will reach a valuation of US$2.6 billion by the end of 2025, from US$1.6 billion in 2016.
Albany, NY -- (SBWIRE) -- 07/25/2017 -- Clinical laboratory testing and services have gained significant momentum in recent years. The factors responsible for this growth are the rising incidence of infectious diseases, expanding geriatric population, rising occurrence of chronic diseases and the growing awareness of early detection and prevention. These factors have enabled the clinical laboratory testing and services market to gain pace especially in the Middle East countries, including UAE, Saudi Arabia and Qatar, among others. A new research report with a title "Clinical Laboratory Services Market - UAE Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been recently added to the vast online repository of Market Research Reports Search Engine (MRRSE). This report on clinical laboratory services market analyzes its current status as well as future prospects of the market in the UAE.
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The global clinical laboratory services market is expected to expand at a CAGR 5.4% between 2017 and 2025. Rising at this pace, the market will reach a valuation of US$2.6 billion by the end of 2025, from US$1.6 billion in 2016. A detailed overview of market dynamics, including the drivers, restraints, risks and opportunities of the clinical laboratory services market, along with PEST analysis, of the UAE market, is provided within the report. Market revenue analysis for all these market segments, and their sub segments is provided for the period of 2017-2025, 2015 as the historical year and taking 2016 as the base year, along with compound annual growth rate (CAGR %), during the forecast period of 2017-2025. Market share projection based on in-depth analysis and study of service providers, test types and their features, prices etc.
The UAE clinical laboratory services is broadly segregated in terms of test type and service provider. Based on test types, the UAE clinical laboratory services market is divided into medical microbiology & cytology, clinical chemistry, human genetics and tumor genetics. On the basis of test type, the UAE market is segmented into clinical chemistry, medical microbiology & cytology, human genetics and tumor genetics. Based on service providers, the clinical laboratory services market is classified into standalone laboratories, hospital-based laboratories, clinic-based laboratories, and clinical research organizations.
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The report also includes a list leading players in the industry, their SWOT analysis, market share, key business strategies, product portfolios, and major recent developments. Key market players profiled within the report include MIRACA HOLDINGS, Inc., Scientific Clinical Laboratories, National Reference Laboratory, Abbott Laboratories, STAR Metropolis Clinical Laboratories & Health Services, Anglo Arabian Health Care, Bio-Reference Laboratories, Freiburg Medical Laboratory Middle East, Charles River Laboratories, Genoptix Medical Laboratory and others.
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