According to the latest report by IMARC Group, titled “Clinical Laboratory Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global clinical laboratory services market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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A clinical laboratory provides a wide range of services, including the diagnosis, treatment, and prevention of diseases and managing patients. These services assist healthcare professionals in medical decision-making and personalizing medicines as per the individual's illnesses and needs. Clinical laboratory services primarily depend on technologically advanced devices and testing kits to eliminate human error and provide reliable results.
The rising prevalence of chronic ailments, such as diabetes and cancer, along with the elevating public awareness towards the benefits of early disease diagnosis, is primarily driving the clinical laboratory services market. Moreover, the introduction of several innovative products, including companion diagnostics, microarrays, biochips, etc., is also catalyzing the market growth. Besides this, the increasing cases of the coronavirus disease (COVID-19) are further augmenting the need for laboratory services to diagnose and combat the spread of infection. Additionally, numerous key companies are offering point-of-care (POC) and rapid testing kits to deliver quick and accurate results in real-time. Apart from this, the growing number of novel drug candidates in clinical trials is further projected to spur the clinical laboratory services market growth over the forecasted period.
Clinical Laboratory Services Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global clinical laboratory services market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Abbott LaboratoriesBecton, Dickinson and CompanybioMérieux SACharles River LaboratoriesHoffmann-La Roche LtdIllumina Inc.NeoGenomics Laboratories Inc.Quest Diagnostics IncorporatedSiemens Healthcare GmbH (Siemens AG)Thermo Fisher Scientific Inc.Key Market Segmentation:
The report has segmented the global clinical laboratory services market on the basis of test type, service provider, application and region.
Breakup by Test Type:
Human and Tumor GeneticsClinical ChemistryMedical Microbiology and CytologyOthersBreakup by Service Provider:
Hospital-Based LaboratoriesStand-Alone LaboratoriesClinic-Based LaboratoriesBreakup by Application:
Bioanalytical and Lab Chemistry ServicesToxicology Testing ServicesCell and Gene Therapy Related ServicesPreclinical and Clinical Trial Related ServicesDrug Discovery and Development Related ServicesOthersBreakup by Region:
North AmericaAsia-PacificEuropeLatin AmericaMiddle East and AfricaExplore Full Report with TOC & List of Figure: https://www.imarcgroup.com/clinical-laboratory-services-market
Key highlights of the report:
Market Performance (2015-2020)Market Outlook (2021-2026)Industry TrendsMarket Drivers and Success FactorsThe Impact of COVID-19 on the Global MarketValue Chain AnalysisStructure of the Global MarketComprehensive mapping of the competitive landscapeIf you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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