Clinical Laboratory Services Market Is Likely to Upsurge USD 476,621.7 Million with Excellent CAGR Of 7.50% by 2029, Size, Share, Trend, Demand, Market Dynamics and Challenges

HOUSTON, Oct. 20, 2022 (GLOBE NEWSWIRE) — The comprehensive industry research on Clinical Laboratory Services Market’ published by Data Bridge Market research includes growth analysis, regional marketing, challenges, opportunities, and drivers analyzed in the report. The report carefully examines the global Clinical Laboratory Services Market, with a focus on most of the major players and their business strategies, geographical scope, market segments, product landscape and price, and cost structure. In short, the study provides a general overview of the Clinical Laboratory Services market based on its current situation and market size in terms of volume and return. The regional study of the global Clinical Laboratory Services Market included in the report helps readers to gain a deep understanding of how various geographic markets have been developing over the past few years.

Clinical laboratory services rely on technologically advanced testing kits and devices for reducing human error and offering reliable results. Global Clinical Laboratory Services Market was valued at USD 256,896.06 million in 2021 and is expected to reach USD 476,621.7 million by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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A clinical laboratory has a crucial role in the healthcare system as it provides a wide range of services, including the diagnosis, treatment, prevention and management of patients. These services are helpful to healthcare professionals in personalizing medicines and medical decision-making based on the individuals’ needs and illnesses.

Clinical pathology tests are carried out on collected clinical specimens in a clinical laboratory for obtaining information regarding patient’s health. The tests are done to aid in the diagnosis, prevention, and treatment of diseases.

Furthermore, adoption of digital pathology platforms extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in preference for comprehensive health checkups offered by clinical laboratories will further expand the market.

Recent Development

• KeyOptions launched the Virolens COVID-19 screening test in September’2020. The test is based on a nano-cellular microscope after securing its commercial rights from Violence.

• In July 2021, Deep Bio, a leading company in artificial intelligence (AI) cancer diagnostics, announced a research collaboration agreement with ARUP Laboratories, a top U.S. reference laboratory and worldwide leader in innovative laboratory research and development .This Collaboration is benefitted the company in terms of usage of artificial intelligence in diagnostics of cancer.

Some of the major players operating in the clinical laboratory services market are

• Mayo Foundation for Medical Education and Research (MFMER)

• Laboratory Corporation of America Holdings

• Quest Diagnostics Incorporated

• H.U. Groups Holdings, Inc.

• Charles River Laboratories

• BioReference Laboratories

• KingMed Diagnostics Group Co., Ltd.

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Some Of The Important Questions Covered In This Study Are As Follows:

• What Are The Prominent Growth Factors That Will Harness Growth For The Clinical Laboratory Services Market During The Forecast Period?

• Which End-Use Industry Will Garner Considerable Growth for the Clinical Laboratory Services Market?

• Which Region Will Emerge As A Champion Growth-Contributor During The Assessment Period?

• What Are the Obstacles Surrounding the Market?

• Study the growth outlook of the global Clinical Laboratory Services Market scenario, including production, consumption, history and forecast.

• Learn consumption pattern and impact of each end use on the Clinical Laboratory Services Market growth.

• Investigate the recent R&D projects performed by each Clinical Laboratory Services Market player

Clinical Laboratory Services Market Scope and Market Size

The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

By Specialty

• Into Clinical Chemistry Testing

By Provider

• Independent and Reference Laboratories

• Hospital-Based Laboratories

• Nursing and Physician Office-Based Laboratories

By Application

• Drug Discovery Related Services

• Drug Development Related Services

• Bioanalytical and Lab Chemistry Services

• Toxicology Testing Services

• Cell and Gene Therapy Related Services

• Preclinical and Clinical Trial Related Services

By Service Type

• Anatomic Pathology Services

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Market Dynamics: Clinical Laboratory Services

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Burden of Target Diseases

The rise in the burden of the target diseases, including tuberculosis, diphtheria, poliomyelitis, and measles, among others, acts as one of the major factors driving the growth of clinical laboratory services market

• Stringent Regulatory Framework

The surge in the demand for laboratory services compliant with regulatory standards accelerate the market growth.

Surge in Investments

The surge in public-private investments, and research funding and grants for developing innovative laboratory testing procedures further influence the market

Market Regional Analysis/Insights

The countries covered in the clinical laboratory services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the clinical laboratory services market because of the increase in need for support from clinical laboratory services for efficient treatment and patient care within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growing unmet medical needs and increasing scientific research in the region.

Table of Contents:

1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Global Clinical Laboratory Services Market Regulations
6. Market Overview
7. Global Clinical Laboratory Services Market, By Specialty
8. Global Clinical Laboratory Services Market, By Provider
9. Global Clinical Laboratory Services Market, By Application
10. Global Clinical Laboratory Services Market, By Service Type
11. Global Clinical Laboratory Services Market, By Region
12. Global Clinical Laboratory Services Market: Company Landscape
13. SWOT Analyses
14. Company Profile
15. Questionnaires
16. Related Reports

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Browse Related Reports:

• North America Clinical Laboratory Services Market, By Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Independent & Reference Laboratories, Hospital-Based Laboratories and Nursing and Physician Office-Based Laboratories), Application (Drug Discovery Related Services, Drug Development Related Services, Bioanalytical & Lab Chemistry Services, Toxicology Testing Services, Cell & Gene Therapy Related Services, Preclinical & Clinical Trial Related Services and Other Clinical Laboratory Services), Service Type (Routine Testing Services, Esoteric Services And Anatomic Pathology Services) https://www.databridgemarketresearch.com/reports/north-america-clinical-laboratory-services-market

• Asia-Pacific Clinical Laboratory Services Market, By Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Independent & Reference Laboratories, Hospital-Based Laboratories and Nursing and Physician Office-Based Laboratories), Application (Drug Discovery Related Services, Drug Development Related Services, Bioanalytical & Lab Chemistry Services, Toxicology Testing Services, Cell & Gene Therapy Related Services, Preclinical & Clinical Trial Related Services and Other Clinical Laboratory Services), Service Type (Routine Testing Services, Esoteric Services And Anatomic Pathology Services) https://www.databridgemarketresearch.com/reports/asia-pacific-clinical-laboratory-services-market

• Europe Clinical Laboratory Services Market, By Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Independent & Reference Laboratories, Hospital-Based Laboratories and Nursing and Physician Office-Based Laboratories), Application (Drug Discovery Related Services, Drug Development Related Services, Bioanalytical & Lab Chemistry Services, Toxicology Testing Services, Cell & Gene Therapy Related Services, Preclinical & Clinical Trial Related Services and Other Clinical Laboratory Services), Service Type (Routine Testing Services, Esoteric Services And Anatomic Pathology Services) https://www.databridgemarketresearch.com/reports/europe-clinical-laboratory-services-market

• Middle East and Africa Clinical Laboratory Services Market, By Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Independent & Reference Laboratories, Hospital-Based Laboratories and Nursing and Physician Office-Based Laboratories), Application (Drug Discovery Related Services, Drug Development Related Services, Bioanalytical & Lab Chemistry Services, Toxicology Testing Services, Cell & Gene Therapy Related Services, Preclinical & Clinical Trial Related Services and Other Clinical Laboratory Services), Service Type (Routine Testing Services, Esoteric Services And Anatomic Pathology Services) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-clinical-laboratory-services-market

• Philippines Clinical Laboratory Services Market, By Service Type (Routine Testing Services, Esoteric Services, and Anatomic Pathology Services), Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Hospital-Based Laboratories, Independent and Reference Laboratories, Clinical-Based Laboratories, and Nursing and Physician Office-Based Laboratories), Application (Bioanalytical and Lab Chemistry Services, Drug Development Related Services, Drug Discovery Related Services, Toxicology Testing Services, Cell, and Gene Therapy Related Services, Preclinical and Clinical Trial Related Services, and Other Clinical Laboratory Services) https://www.databridgemarketresearch.com/reports/philippines-clinical-laboratory-services-market

• Malaysia Clinical Laboratory Services Market, By Service Type (Routine Testing Services, Esoteric Services, and Anatomic Pathology Services), Specialty (Clinical Chemistry Testing, Haematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Hospital-Based Laboratories, Independent and Reference Laboratories, Clinical-Based Laboratories, and Nursing and Physician Office-Based Laboratories), Application (Bioanalytical and Lab Chemistry Services, Drug Development Related Services, Drug Discovery Related Services, Toxicology Testing Services, Cell, and Gene Therapy Related Services, Preclinical and Clinical Trial Related Services, and Other Clinical Laboratory Services) https://www.databridgemarketresearch.com/reports/malaysia-clinical-laboratory-services-market

• Thailand Clinical Laboratory Services Market, By Service Type (Routine Testing Services, Esoteric Services, and Anatomic Pathology Services), Specialty (Clinical Chemistry Testing, Haematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Hospital-Based Laboratories, Independent and Reference Laboratories, Clinical-Based Laboratories, and Nursing and Physician Office-Based Laboratories), Application (Bioanalytical and Lab Chemistry Services, Drug Development Related Services, Drug Discovery Related Services, Toxicology Testing Services, Cell, and Gene Therapy Related Services, Preclinical and Clinical Trial Related Services, and Other Clinical Laboratory Services) https://www.databridgemarketresearch.com/reports/thailand-clinical-laboratory-services-market

• Indonesia Clinical Laboratory Services Market, By Service Type (Routine Testing Services, Esoteric Services, and Anatomic Pathology Services), Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Hospital-Based Laboratories, Independent and Reference Laboratories, Clinical-Based Laboratories, and Nursing and Physician Office-Based Laboratories), Application (Bioanalytical and Lab Chemistry Services, Drug Development Related Services, Drug Discovery Related Services, Toxicology Testing Services, Cell, and Gene Therapy Related Services, Preclinical and Clinical Trial Related Services, and Other Clinical Laboratory Services) https://www.databridgemarketresearch.com/reports/indonesia-clinical-laboratory-services-market

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