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Clinical Laboratory Services Market By Tests (Human & Tumour Genetics, Clinical Chemistry, Medical Microbiology & Cytology And Other Esoteric Tests), By Service Provider (Clinic-Based Laboratories, Hospital-Based Laboratories, And Standalone Laboratories) - Growth, Share, Opportunities & Competitive Analysis, 2016 -2022

This report on clinical laboratory services market studies various test types and service providers. Clinical laboratory comprises of anatomic pathology, clinical microbiology, and hematology. According to market experts, The market for medical microbiology & cytology tests is expected to grow at the fastest CAGR during the forecast period owing to increasing incidence rates of infectious diseases globally, leading to an increase in procedure volumes. Hospital-based laboratories are the largest segment of clinical laboratory services market. High patient volume and the consequent presence of high test volumes in these healthcare establishments are the primary reasons boosting segment growth. Stand-alone laboratories, on the other hand, are expected to grow at the fastest CAGR during the forecast period.

For the purpose of this study, the global clinical laboratory services market on the basis of test type is segmented into human & tumor genetics, clinical chemistry, medical microbiology & cytology and other esoteric tests. Market size estimates and forecast for these segments for the period 2013 to 2022 are provided in terms of USD Mn along with the respective compounded annual growth rates (CAGRs) for the period 2016 to 2022, considering 2015 as the base year.

On the basis of service provider type clinical laboratory services market is segmented as hospital-based laboratories, stand-alone laboratories and clinic-based laboratories. Market size estimates and forecast for these segments for the period 2013 to 2022 are provided in terms of USD Mn along with the respective compounded annual growth rates (CAGRs) for the period 2016 to 2022, considering 2015 as the base year.

The clinical laboratory services market has been geographically categorized into major regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further split to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, Brazil, and GCC countries. Market size and forecast for these segments during 2013 to 2022 and their CAGRs for the period 2016 to 2022 are provided in this report.

The major key players profiled in the clinical laboratory services market are on the basis of various characteristics such as business description, financial health and budget allocation, product portfolio, and news coverage. The key players profiled in this report are Abbott Laboratories, ARUP Laboratories, Bio-Reference Laboratories, Bioscientia Healthcare, Charles River Laboratories, Genoptix Medical Laboratory, Healthscope, Laboratory Corporation Of America Holdings (Labcorp), Labco S.A., Sonic Healthcare Limited, Spectra Laboratories, Quest Diagnostics, Inc., Genzyme Corporation, and Siemens.

Based on the type of test, the clinical laboratory services market is segmented into:

  • Clinical Chemistry
  • Medical Microbiology & Cytology
  • Human & Tumor Genetics
  • Esoteric Tests

During the forecast period 2016 – 2022, the market for medical microbiology & cytology tests is expected to grow at the fastest CAGR due to mounting incidence rates of infectious diseases globally, leading to an increase in procedure volumes, and rising awareness specific to communicable disease diagnosis. In base year 2015, clinical chemistry dominated the overall market in terms of revenue and accounted for the largest market share. The rising concern of antibiotic resistant bacterial infections in developed and developing countries is aiding the overall growth of clinical laboratory services market. According to the U.S. Centers for Disease Control and Prevention (CDC), antibiotic resistance bacteria is responsible for more than 2 million infections and 23,000 deaths each year in the United States, at a direct cost of $20 billion and additional productivity losses of $35 billion. Thus, clinical laboratory services market is expected to grow throughout the forecast period.

Clinical Laboratory Services Market

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Published Date:  Jul 2016
Category:  Biotechnology
Report ID:   57986
Report Format:   PDF
Pages:   120
Rating:    4.1 (65)
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