(PharmaNewsWire.Com, October 18, 2017 ) The clinical laboratory services market is estimated to be around $348 billion by 2025. This growth can be attributed to number of factors such as rise in elderly population and increase in awareness about diseases and early detection. Geriatric population is more prone towards developing diseases such as neurological and cardiovascular diseases. This has led to increase in demand for screening and early detection techniques, driving the growth of the market. Technological advancements such as biochips, advanced cell assay methods and microarrays will further boost growth of the market. Furthermore, increasing incidence of chronic diseases worldwide will further fuel the market growth. However, dearth of skilled professionals, strict government guidelines, and unfavorable reimbursement policies are expected to restrain the market growth.
Major Key Player Quest Diagnostics Inc. Bioscientia Healthcare Bio-Reference Laboratories Labco S.A. Abbott Laboratories Healthscope Ltd. Spectra Laboratories Labcorp Sonic Healthcare Limited Siemens Healthcare Charles River Laboratories ARUP Laboratories Genoptix Medical Laboratory Qiagen Clarient Inc.
Clinical Laboratory Services Market Segmentation By Test Type: • Human and Tumor Genetics • Clinical Chemistry • Medical Microbiology and Cytology • Other Esoteric Tests
By Service Provider: • Stand-alone Laboratories • Hospital-based Laboratories • Clinic-based Laboratories By Region: • North America o U.S o Canada o Mexico • Europe o Germany o France o UK o Italy o Spain o Rest of Europe • Asia-Pacific o Japan o China o Australia o India o South Korea o Rest of Asia-Pacific • Rest of the World o Brazil o South Africa o Saudi Arabia o Turkey o United Arab Emirates
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