Clinical Laboratory Services Market

Clinical Laboratory Services Market Outlook, Growth Potential, Opportunities & Trends

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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 exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.

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.

COVID-19 Analysis

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.

Market Trends and Drivers:

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. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.

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Global Clinical Laboratory Services Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the clinical laboratory services market has been studied in the report with the detailed profiles of the key players operating in the market.

Competitive Landscape with Key Players:

  • Abbott Laboratories
  • Becton, Dickinson and Company
  • bioMérieux SA
  • Charles River Laboratories
  • Hoffmann-La Roche Ltd
  • Illumina Inc.
  • NeoGenomics Laboratories Inc.
  • Quest Diagnostics Incorporated
  • Siemens Healthcare GmbH (Siemens AG)
  • Thermo Fisher Scientific Inc.

Key Market Segmentation:

The report has segmented the global home energy management systems market on the basis of test type, service provider, application and region.

Breakup by Test Type:

  • Human and Tumor Genetics
  • Clinical Chemistry
  • Medical Microbiology and Cytology
  • Others

Breakup by Service Provider:

  • Hospital-Based Laboratories
  • Stand-Alone Laboratories
  • Clinic-Based Laboratories

Breakup by Application:

  • Bioanalytical and Lab Chemistry Services
  • Toxicology Testing Services
  • Cell and Gene Therapy Related Services
  • Preclinical and Clinical Trial Related Services
  • Drug Discovery and Development Related Services
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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