Market Research Reports- Consulting Analysis Crystal Market Research Clinical Laboratory Services Market by Test Type a | Page 2
during forecast period due to increase in pool of patients suffering from infectious diseases requiring large
number of diagnostic procedures. On the basis of service provider, standalone laboratories market is
poised to witness fastest growth during the forecast period primarily due to wide range of diagnostic
services offered by these labs and ability to manage large test volume with quick delivery of results.
U.S. dominated the global clinical laboratory services market in 2016.This can be attributed to presence
of large number of clinical laboratories and high population suffering from various disorders requiring
diagnostic services. Emerging nations such as China and India will exhibit favorable growth over the
forecast period owing to large pool of patients and increasing demand for early detection of diseases.
Moreover, rapid development and changes in healthcare infrastructure along with increase in disposable
income of people will further fuel the growth of the market.
Some of the key players operating in the global clinical laboratory services market are LabCorp, Quest
Diagnostics, Sonic Healthcare, Healthscope Ltd., Spectra Laboratories, ARUP Laboratories, Genoptix
Medical Laboratory, Qiagen, Abbott Laboratories, Bio-Reference Laboratories, Labco S.A andClarient
Inc. Global players are focusing on upgrading existing products to enhance accuracy and reliability of
clinical test results. For instance, in January 2017, Abbott Laboratories launched next generation Alinity
Ci-series diagnostic systemswith new immunoassays methods. These methods are cost effective as well
as provide unique solutions for labs to achieve enhancedhealthcare performance.
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Key Findings of the Research Study:
Clinical chemistry segment accounted for over two-fifth share of the global market in 2016 owing
to increase in cases of target diseases such as cardiovascular diseases and liver disorders.
Medical microbiology and cytology market will exhibit fastest growth over the forecast period
due to rising incidence of diseases leading to increased need for large number of testing
procedures.
Standalone laboratories market is poised to witness fastest CAGR during the forecast period as a
result of high penetration in emerging markets.
North America dominated the global market in 2016 and is expected to continue its dominance
during forecast period due to highly sophisticated healthcare infrastructure in the region.
Asia-Pacific is expected to witness fastest growth during forecast period owing to changing
healthcare infrastructure and rise in disease prevalence in the region.
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