The market for Healthcare Analytical Testing Market is expected to reach US$ XX Bn by 2022.
Healthcare analytics or analytical testing is a process of data collection from varied sources and their analysis to indicate trends for delivering improved healthcare. Tools such as predictive analytics, prescriptive analytics, and descriptive analytics are the major techniques used in healthcare analytical testing. In addition, Digital recording of clinical data helps create and maintain a paperless repository and eventually improves the process, efficiency, and accuracy of clinical outcomes and, thus, the healthcare system.
Resource scarcity, regulatory issues on healthcare providers and insurance providers, and the need for disease monitoring, etc., are some of the critical issues claimed to be efficiently addressed by the healthcare analytical testing market. Apart from operational advantages, healthcare analytical testing also efficiently improvises revenue management cycle and healthcare record consolidation. Widespread use of healthcare analytical testing could also aid in national preventive care, healthcare policy framing, and efficient health financing across developed and developing countries. However, the risk of a data breach, cultural barriers, and the risk of skilled personnel may challenge the market growth to a certain extent.
Eurofins Scientific SE, Charles River Laboratories International Inc., Exova Group PLC, Envigo, Ministry SA, WUXI Pharmatech (Cayman) Inc., SGS, Pace Analytical Services Inc., PPD Inc., and several others
The market for Healthcare Analytical Testing Market is expected to reach US$ XX Bn by 2022.
The Healthcare Analytical Testing Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2020.
The base year of this report is 2019.
Eurofins Scientific SE, Charles River Laboratories International Inc., Exova Group PLC, Envigo, Ministry SA, WUXI Pharmatech (Cayman) Inc., SGS, Pace Analytical Services Inc. are some of the major players in the global market.