Clinical Laboratory Test Market – Scenario:
The Global Clinical Laboratory Test Market has been continuously growing market and will grow at a steady pace. The global clinical laboratory test market is expected to reach USD 324.5 billion by 2022 from USD 206.7 billion in 2016 with a CAGR of 6.5% for the forecasted period. Global clinical laboratory test market is growing at a steady rate and is expected to grow further in future.
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The major driving force leading to this growth includes increasing prevalence of diseases, growing population, increase in global volume of in-vitro diagnostic tests and increasing patient awareness. On the other hand major factor which is restricting the growth of market is government rules and regulations. The market has high growth opportunities in future due to various untapped therapeutic testing market and expansion that can happen.
Clinical Laboratory Test Market – Key Players
Laboratory Corporation of America
LifeLabs Medical Laboratories
Sonic Healthcare and others.
Regional Analysis of Clinical Laboratory test Market:
North America is the largest market of global Clinical Laboratory test market which is expected to grow at the CAGR of 6.2%. North America clinical test market is highest revenue generator. US accounts for the maximum market share of North America Clinical Laboratory testing market and is expected to grow at a CAGR of 5.8% during the forecasted period. Maximum number of laboratories and clinical testing procedures are the major reason for the highest market growth of this region. Canada, is expected to be the fastest growing region with the CAGR of 6.3% during the forecasted period due to increasing cases of chronic disease and also because of new companies providing laboratory services entering Canadian market.
Europe is the second largest market for Clinical Laboratory test which is expected to grow at a CAGR of 6.6%.
Globally Asia-pacific region is the fastest growing market in clinical laboratory tests mainly because of growing awareness about various medical test, government support in order to improve healthcare sector, innovation of new tests and procedures by major market players.
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Segments of Clinical Laboratory test Market:
Global clinical laboratory test market has been segmented on the basis of laboratory type which comprises of hospital based laboratories, central/independent laboratories, physician office laboratory (pol) and others. Furthermore on the bases of laboratory tests the market is segmented into Complete Blood Count (CBC) and other routine blood tests, anatomic pathology, molecular tests, immunology tests, drug testing and others.
- North America accounted for the largest market share with 44.6% of the global clinical laboratory test market in the year 2016.
- Hospital Based Laboratories market holds the largest market share by laboratory type.
- CBC and other routine blood tests market holds the largest market share by laboratory test.
- Asia-Pacific pacific projected to be the fastest growing region with a growth rate of 6.5% to 7% for the forecasted period.
Major TOC of Clinical Laboratory Test Market Research Report- Global Forecast Till 2022:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Clinical Laboratory Test Market, By Test Types (USD Million)
7 Global Clinical Laboratory Test Market, By Laboratory Type (USD Million)
8 Global Clinical Laboratory Test Market, By Region
10 Company Profiles
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