Europe clinical
laboratory services market size looks set to cross USD 62 billion by 2024.
Rising awareness pertaining to disease prevention through early diagnosis
and availability of sophisticated diagnostic tests should stimulate industry
growth. High prevalence of target diseases will present manufacturers
with lucrative future growth opportunities in this region.
https://www.gminsights.com/industry-analysis/clinical-trial-management-system-ctms-market
Arun Hegde
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Global Market
Insights, Inc., Worldwide clinical laboratory services market worth USD 196.9
billion in 2015, will register an annual growth rate of 6.4% over the coming
seven years.
Ongoing
technological advancements in the healthcare infrastructure is drawing a
profitable roadmap for Clinical laboratory services market globally.
Reportedly, clinical laboratory services cover 80% of the overall medical
diagnosis space, claiming a prominent position in the healthcare diagnosis
spectrum. The growth of this industry can be attributed to a multitude of
factors such as increasing patient awareness regarding their health and
importance of early detection of diseases coupled with a noticeable increase in
the geriatric population base. Biochips, microarrays, and companion diagnostics
are few of the innovative products which are witnessing massive adoption rates
across the testing laboratories.
Clinics,
standalone laboratories, and hospitals are key service providers in clinical
laboratory services market. Standalone laboratories were recognized as the most
lucrative service providers and accounted for a revenue of USD 73 billion in
2015. Wide range of test facilities by these labs make it a preferable service
provider. This segment is estimated to
register an annual growth rate of 7% over the period of 2016-2024. Hospital
based clinical laboratory services market had a revenue of USD 113.4 billion in
2015 and is predicted to record considerable growth rate over the years ahead.
Order This Report by calling Global Market Insights, Inc.
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The
differentiating factor of Clinical Laboratory Services market report by Global Market Insights, Inc. when compared with
other, similar syndicated research studies includes a 360-degree synopsis of
trends for a period of more than 10 years including historic information as
well as future outlook. Business focussed multiple trends for Clinical
Laboratory Services industry are discussed along with regional trends to offer
an overall view of the market. The ‘industry insights’ chapter of this research
provides the most comprehensive analysis of Clinical Laboratory Services market
covering segmentation, size, forecasts, ecosystem analysis and more. Industry
impact forces (regional and global) that cover growth drivers and challenges,
growth potential analysis, a strategy dashboard for competitive landscape of Clinical
Laboratory Services market support this sector specific data and information
points.
Browse
key industry insights spread across 110 pages with 33 market data tables &
10 figures & charts from this 2017 report Clinical Laboratory Services Market in detail along with the table
of contents at:
Based
on the tests carried out, clinical laboratory services industry is mainly
divided into clinical chemistry, other esoteric test, medical microbiology
& cytology, and human & tumor genetics. Clinical chemistry test
accounted for more than 47% of the market share in 2015 and will collect
attractive revenue of more than USD 152 billion by 2024, primarily driven by
its surging requirement for the treatment of invasively growing diseases such
as blood disorders, diabetes, cardiovascular, and liver & kidney.
Geographically,
Europe clinical laboratory services market will surpass a revenue collection of
USD 62 billion by 2024. The industry growth can be attributed to the availability
of advanced diagnostic test methods along with growing awareness among the
people regarding early diagnosis of diseases. UK and Germany collectively
accounted for 27% of the regional revenue share.
U.S.
clinical laboratory services industry size contributed substantially toward the
regional growth by collecting a revenue of USD 64 billion in 2015 and will
exhibit considerable growth rate over the period of 2016 to 2024, owing to the
surging implementation of advanced diagnostic technologies.
Asia pacific
clinical laboratory services market share is anticipated to generate a revenue
of more than USD 76 billion by 2024. The presence of a large aging population
base across the APAC countries such as China and Japan will augment the high
product demand. In addition to this, growing investments in healthcare
infrastructure to develop novel and advanced diagnostic devices will also favor
the industry growth.
Clinical
laboratory services industry is consolidated with top four market players-
Sonic Healthcare, Quest Diagnostics, LabCorp, and Genoptix Medical Laboratory
having acquired more than 45% of the business space in 2015. Product
differentiation, mergers & acquisitions, and regional expansion will be the
key growth strategies adopted by the industry giants to sustain their market
value.
(CTMS) Clinical Trial
Management System Market Size By Component (Software,
Hardware, Services), By Product (Enterprise Based, Site Based), By Delivery
Mode (Web, Cloud, On Premise), By End Use (Pharmaceutical &
Biopharmaceutical Companies, Clinical Research Organizations, Healthcare
Providers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany,
UK, France, Poland, Russia, China, India, Japan, South Korea, Taiwan, Brazil,
Mexico, South Africa), Growth Potential, Price Trends, Competitive Market Share
& Forecast, 2016 – 2024
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