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Global Clinical Laboratory Services Market Will Grow at a CAGR 5.2% and Reach USD 152.4 Billion by 2023, from USD 112.4 Billion in 2017

New Global Clinical Laboratory Services Consumption Market Report 2023 Report Covers market forecast and top Companies like Mayo Medical Laboratories (US), Laboratory Corporation of America Holdings (US), Quest Diagnostics Incorporated (US), DaVita Healthcare Partners (US) and others.


Lewes, DE -- (SBWIRE) -- 02/12/2019 -- Global Clinical Laboratory Services market will register a 5.2% CAGR in terms of revenue, reach US$ 152400 million by 2023, from US$ 112400 million in 2017.

This report covers the present scenario (with the base year being 2017) and the growth prospects of global Clinical Laboratory Services market for 2018-2023.

Clinical laboratory services are tests provided by a medical lab that aid in diagnosis and treatment of patients.

Rising concern pertaining to cost control, increasing the pace of R&D for new products, and demand for improvement in quality control parameters has resulted in pressure on lab personnel. Moreover, there has been continuous progress in a number of compounds screened in clinical settings which further demands development in this field.

Improvement and implementation of informatics and automated data management solutions to perform seamless operations are anticipated to drive growth in this market. However, sample preparation and running it through experimental protocols with enhanced productivity is still a challenge in these labs.

Over the next five years, study projects that Clinical Laboratory Services will register a 5.2% CAGR in terms of revenue, reach US$ 152400 million by 2023, from US$ 112400 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Clinical Laboratory Services market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Genetic Testing

Segmentation by application:
Independent Laboratory
Reference Laboratory
Hospital Laboratory

This report also splits the market by region:
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Mayo Medical Laboratories (US)
Laboratory Corporation of America Holdings (US)
Quest Diagnostics Incorporated (US)
Spectra Laboratories Inc. (US)
DaVita Healthcare Partners (US)
Eurofins Scientific
Synlab International
Bio-Reference Laboratories
Sonic Healthcare
Clinical Reference Laboratory
ACM Medical Laboratory
Adicon Clinical Laboratory
Cerba Healthcare
Amedes Holding
Lifelabs Medical Laboratories

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Clinical Laboratory Services consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Clinical Laboratory Services market by identifying its various subsegments.
Focuses on the key global Clinical Laboratory Services manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Clinical Laboratory Services with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Clinical Laboratory Services submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 165 pages "Forecast of Global Clinical Laboratory Services Consumption Market Report 2023" report covers Scope of the Report, Executive Summary, Global Clinical Laboratory Services by Players, Clinical Laboratory Services by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Clinical Laboratory Services Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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