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Clinical Laboratory Services Market Analysis 2018-2027: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects

Press release   •   Apr 26, 2019 12:05 IST

The clinical laboratory services market is anticipated to grow in the forecast, owing to the factors such as increasing prevalence of chronic diseases like diabetes, cancer and others, growing demand for advanced clinical laboratory services and technological advancements in clinical laboratories. However, inadequate reimbursements, lack of laboratory technicians and stringent government policies hampers the growth of the market.

A laboratory where all pathology tests are carried out in order to obtain information about the patient's health in order to aid in diagnosis, treatment and prevention of disease. Clinical laboratories differ in size and complexity and therefore provides the population with wide range of testing services. Clinical laboratory services includes large multinational corporations such LabCorp, Quest Diagnostics and Sonic Healthcare and others. 

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The "Global Clinical Laboratory Services Market Analysis to 2027" is a specialized and indepth study of the Biotechnology industry with a special focus on the global market trend analysis. The report aims to provide an overview of clinical laboratory services market with detailed market segmentation by test type, service provider and geography. The global clinical laboratory services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading clinical laboratory services market players and offers key trends and opportunities in the market.

Leading Players: 

1. Laboratory Corporation Of America Holdings (LabCorp)
2. SYNLAB International GmbH
3. Quest Diagnostics Incorporated
4. Bioreference Laboratories
5. Fresenius Medical Care
6. Eurofins Scientific
7. Charles River Laboratories International, Inc.
8. Abbott (ALERE INC.)
9. Randox Laboratories Ltd
10. Neogenomics Laboratories, Inc.

The report analyzes factors affecting clinical laboratory services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the clinical laboratory services market in these regions.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global clinical laboratory services market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, AsiaPacific (APAC), Middle East and Africa (MEA) and South & Central America. The clinical laboratory services market by each region is later subsegmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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The reports cover key developments in the clinical laboratory services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from clinical laboratory services market are anticipated to lucrative growth opportunities in the future with the rising demand for clinical laboratory services market in the global market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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