Acumen Research and Consulting Clinical Laboratory Services Market | Page 3

performance assays in drug development programs increases the potential of the world market for clinical laboratory services. Market Snapshots Due to widespread use of chemical tests during disease screening, clinical chemistry departments accounted for the largest market share in 2018. The highest level of CAGR due to the increasing incident of fungal, viral and other infections is estimated in medical microbiology and vertical cytology. Due to their ability to manage a wide range of diagnostic tests with digital workflow integration, standalone labs will expand in the highest CAGR segment. Because of the high penetration of new diagnostic techniques, North America is the leading regional market. Due to numerous untapped opportunities, a number of service providers from western countries are investing in Asia-Pacific business expansion. Due to numerous untapped growth opportunities in medical research and the presence of cheap production facilities in the region, Asia-Pacific is projected to be the fastest-growing regional market. Abbott Laboratories, Quest Diagnostics, Siemens AG, Laboratory Corporation of America Holdings, Charles River Laboratories are among key market participants. Most of them aim to form partnerships with other firms and healthcare organizations that are mutually beneficial to extend their product portfolios. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs Would like to place an order or any question, please feel free to contact at [email protected] | [phone]