Clinical Laboratory Services Market to Expand at a Modest CAGR of 8% by 2025

Global Clinical Laboratory Services Market: Scope and Methodology

This report on the global clinical laboratory services market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments.

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The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment and sub-segment for the period from 2017 to 2025, considering the macro and micro environmental factors. Growth rates for each segment within the global clinical laboratory services market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

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A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the global clinical laboratory services market.

Market revenue in terms of US$ Mn for the period between 2015 and 2025 along with the compound annual growth rate (CAGR %) from 2017 to 2025 are provided for all the segments, considering 2016 as the base year. Market size estimations involved in-depth study of features of different types of tests and various laboratory services. Additionally, market related factors such as rise in preference of infectious diseases, population growth, rise in per capita healthcare expenditure etc. in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size.

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Clinical laboratory or a medical laboratory is a place where tests are performed on clinical specimen to collect the information of the patient related to diagnosis or disease prevention. Laboratory testing is said to be the first step towards diagnosis and prevention of a diseases or any condition. Prevalence of infectious diseases has a great impact on the clinical laboratory services market.

Based on test types, the global clinical laboratory services market has been segmented into clinical chemistry, medical microbiology and cytology, food intolerance test, human and tumor genetics and other esoteric test. The clinical chemistry test involves testing of bodily fluids. The segment is anticipated to hold a significant share of the global market. The clinical chemistry test have a significant demand and is expected to continue dominating the global market throughout the forecast period. Medical microbiology and cytology is the fastest growing segment due to prevalence to infectious diseases.

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