According to the current analysis of Reports and Data, the global Clinical laboratory services market was valued at USD 222.51 billion in 2019 and is expected to reach USD 359.38 billion by the year 2027, at a CAGR of 6.1%.Clinical laboratories provide diagnostics and testing about various diseases as well as provide high-quality testing in fields of cytology, hematology, genetics, and others. Therefore, the clinical laboratory service helps to deliver effective testing results, which in turn help the physicians and other healthcare professionals in research and diagnostics. The clinical laboratory services market is widely driven by increasing infectious diseases in the world. Early diagnosis and testing of such diseases are an important step to start any treatment for any disease. The emergence of new viruses causing severe life-threatening conditions for humans is also expected to be a driving factor for the market. The developing research and treatment options for such viruses contribute to development in healthcare.
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Key participants in the market include Siemens AG, Quest Diagnostics, Inc., Mayo Medical Laboratories, Laboratory Corporation of America Holdings, DaVita Healthcare Partners, SYNLAB International, Unilabs, Sonic Healthcare, Cerba HealthCare, and Abbott Laboratories
For the purpose of this report, Reports and Data has segmented the Clinical Laboratory Services market on the basis of specialty, service providers and region:
By Specialty Outlook (Revenue in Million USD; 2017–2027)
• Clinical Chemistry Testing
o Therapeutic Drug Monitoring
o Endocrinology Testing
o Routine Chemistry Testing
o Specialized Testing
o Others
• Microbiology Testing
o Infectious Diseases Testing
o Transplant Diagnostic Testing
o Others
• Cytology Testing
• Immunology Testing
• Hematology Testing
• Human and Tumor Genetic Testing
• Drug Abuse Testing
• Other Esoteric Tests
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By Service Providers Outlook (Revenue in Million USD; 2017–2027)
• Hospital-based Laboratories
• Clinical-based Laboratories
• Independent and Reference Laboratories
• Standalone Laboratories
Regional Outlook (Revenue in Million USD; 2017–2027)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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Key questions addressed in the report are:
• What is the estimated market size and share in the forecast period?
• What are the key driving factors of the Global Clinical Laboratory Services Market?
• What are the risks and challenges the companies will have to face in the forecast period?
• What are the emerging trends, and how will they influence market growth?
• What are the opportunities for expansion of the global Clinical Laboratory Services Market?
• Which region is expected to dominate the market during the forecast period?
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