Clinical Laboratory Services Market - Future Scope

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The report "Clinical Laboratory Services Market by Specialty (Biochemistry, Endocrinology, Microbiology, Hematology, Cytology, Histopathology, Genetic Testing), Providers (Independent Laboratory, Reference Laboratory, Hospital Laboratory) - Global Forecasts to 2022", studies the global clinical laboratory services market over the forecast period of 2017 to 2022. The Clinical Laboratory Services Market is projected to reach USD 146.41 Billion by 2022 from USD 113.44 Billion in 2017, at a CAGR of 5.2%. 

Factors such as the rising demand for early and accurate disease diagnosis; growing public-private investments as well as research funding & grants to develop innovative laboratory testing procedures; and rising government initiatives to improve the quality and affordability of clinical diagnostic testing procedures, are driving the growth of the clinical laboratory services market.

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Clinical Laboratory Services Market

Scope of the Report

This report categorizes the global market into the following segments and sub segments:

By Specialty
  • Clinical Chemistry Testing
  • Microbiology Testing
  • Hematology Testing
  • Immunology Testing
  • Cytology Testing
  • Genetic Testing
  • Drug of Abuse Testing
By Provider
  • Independent and Reference Laboratories
  • Hospital-based Laboratories
  • Nursing and Physician Office-based Laboratories
By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)
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Objectives of the study are:
  • To define, describe, and forecast the overall market on the basis of specialty, provider, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets with respect to their individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the market size (in terms of value) of individual segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
In 2016, Mayo Medical Laboratories (US), Laboratory Corporation of America Holdings (US), Quest Diagnostics Incorporated (US), Spectra Laboratories Inc. (US), and DaVita Healthcare Partners (US), held the leading position in the global clinical laboratory services market. In the past three years, these companies adopted service launches, upgrades; agreements, collaborations & partnerships; mergers & acquisitions; and expansions as their key business strategies to ensure market dominance. Eurofins Scientific (Luxembourg), Unilabs (Switzerland), SYNLAB International (Germany), Bio-Reference Laboratories (US), Sonic Healthcare (UK), and Cerba HealthCare (France) were some of the other major players in this market.
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