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Clinical Laboratory Services Market to grow at 6.4% CAGR from 2016 to 2024

Get more details @ http://bit.ly/2eNGQK5 <br>Global market share was dominated by players such as Quest Diagnostics, Sonic Healthcare, LabCorp and Genptix Medical Laboratory. These players collectively grabbed a revenue share of over 45% of overall market in 2015.

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Clinical Laboratory Services Market to grow at 6.4% CAGR from 2016 to 2024

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  1. Clinical Laboratory Services Market to grow at 6.4% CAGR from 2016 to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Clinical Laboratory Services Market: • Global Market Insights, Inc. says, Clinical Laboratory Services Market size is estimated to reach USD 342.3 billion by 2024. • Growing importance of early diagnosis of chronic diseases related to oncology, gynaecology and endocrinology should drive global market size. • Moreover, introduction of technologically advanced products rendering accurate and rapid results should spur industry growth over the forecast years. • Increased adoption of laboratory automations and robot assisted laboratory techniques such as TECAN liquid handling robotics will spur growth. • Introduction of innovative solutions that allows implementation of informatics and data management systems to perform rapid and seamless operations with accurate clinical results with higher efficiency will accelerate industry growth. • Chemistry segment held the largest market share with revenue slated to exceed USD 152 billion by 2024.

  3. Continued... • U.S. held the largest share owing to high patient awareness and presence of large test volumes. APAC and LATAM will provide lucrative growth opportunities to industry players with introduction of regulatory standards to encourage the use of clinical laboratory services in these regions. • The key industry players include Quest Diagnostics, Sonic Healthcare, LabCorp, Genoptix Medical Laboratory, Healthscope, Labco, Charles River Laboratories and Bio-Reference Laboratories, Abbott Laboratories. • Clinical chemistry segment dominated the industry with revenue share of 47% in 2015 and anticipated to exceed USD 152 billion by 2024. Hospital-based laboratories were the largest service provider segment with revenue of over USD 113 billion in 2015. • Europe market size was dominated by Germany and UK collectively accounting for 27% of the revenue share of Europe market in 2015.

  4. U.S. Clinical Laboratory Services Market Size, by Test, 2012- 2024 (USD Bn)

  5. Browse Full Market Research Report On Clinical Laboratory Services Market @ http://bit.ly/2fSyoNH Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/807https://www.gminsights.com/request-sample/detail/49

  6. 360° Analysis • Product Trends • In terms of test type, clinical chemistry took up the industry share of over 47% in 2015. Rising demand for early disease diagnosis due to increasing prevalence of target diseases such as cardiovascular, diabetes, liver & kidney disorders, and blood disorders is considered as most significant factor accounting for its largest share. • Regional Analysis • U.S. market share held the largest industry revenue of over USD 64 billion in 2015. The factors contributing to largest regional share include presence of large test volumes and growing adoption of advanced diagnostic technologies. • Competitive Market Share • Global market share was dominated by players such as Quest Diagnostics, Sonic Healthcare, LabCorp and Genptix Medical Laboratory. These players collectively grabbed a revenue share of over 45% of overall market in 2015. Mergers and acquisitions aimed at strengthening regional presence and diverse product offerings were the key strategies adopted by industry players.

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