Focus on Patient's Welfare Spurs Sales in Clinical Laboratory Services Market, Mounting Burden of Infectious Diseases Present Potential Revenue Streams: TMR

- Thriving opportunities in medical tourism help clinical laboratory services market clock CAGR of 6.3% from 2019 to 2027

- Prevalence of chronic and infectious disease spells advanced in technologies for diagnostics, stringent regulations to guide laboratory test procedures can impede prospects

ALBANY, N.Y., July 12, 2021 /PRNewswire/ -  Physicians have been increasingly relying on clinical laboratory services to corroborate and confirm their diagnosis and prognosis. Over the years, clinical laboratory services have become an integral part of the healthcare systems. The size of the clinical laboratory services market has thus grown steadily. Thus, several economies around the world are putting greater emphasis on improving the lab infrastructure, with focus also on making clinical laboratory services quicker and effective. Subsequently, the use of high-quality clinical laboratory services has risen for various test types. However, stringent regulations have adversely impacted the growth dynamics of the market to an extent. A case in point is norms being developed by the U.S. FDA to regulate laboratory developed tests (LDTs)

Strides made in medical tourism and growing burden of chronic diseases are key accelerants for expansion for avenues for providers in the clinical laboratory services market. The global valuation is projected to clock CAGR of 6.3% from 2019 to 2027.

Request for Analysis of COVID-19 Impact on Clinical Laboratory Services Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=414

Key Findings of Clinical Laboratory Services Market Study

• Need for Quality Clinical Laboratory Services Focus of Healthcare Systems: The demand for high-quality diagnostic testing for managing diseases is a key driver for improvement in clinical laboratory services. Over the years, new diagnostic technologies have emerged and skills of medical technologists have also grown. These have opened new opportunities for companies to enrich the clinical laboratory services market landscape. Women's health and neonatal care is two of the key areas that have improved substantially as a result of consistent focus of the healthcare systems on these areas. The array of clinical laboratory services including reproductive genetics that help in the management of women's health has thus broadened. The demand for neonatal testing, such as comprehensive testing, has also risen among parents in hospital settings, for instance.

• Advances in Healthcare Infrastructure in Medical Tourism Destination Boost Uptake: Medical tourism has played a crucial role in advancing patient's care and medical treatments in destination nations. The growing trend in some emerging economies of the world has also offered a robust impetus to companies make more investments on improving the lab infrastructure, thereby bolstering clinical laboratory services. Growing traction of employer-sponsored health promotion programs in originating nations of medical tourism has further positively influenced the growth dynamics of the clinical laboratory services market. A case in point is increasing collaboration between insurers and employers to advance employees' health through these programs.

See how you can be a leader in Clinical Laboratory Services Market with our research report, Get Brochure at - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=414

• Burden of Chronic and Infectious Diseases Underpins Huge Revenue Streams: Prevalence of chronic diseases and infectious diseases has grown in several parts of the world in recent years. This has increased the economic burden of public health systems. Private players have intensified their efforts and made sizable spends on improving clinical laboratory infrastructure. The efforts have given rise to optimistic avenues in clinical laboratory services market.

Clinical Laboratory Services Market: Key Drivers

• The relentless urge to offer services to patients that improve disease management is propelling improvements in lab infrastructure, driving new avenues
• The increased access to clinical lab near hospitals is key to affordability of these services
• Growing number of clinical laboratories that are made with public–private partnerships is boosting the market prospects

Purchase Premium Research Report on Clinical Laboratory Services Market - https://www.transparencymarketresearch.com/checkout.php?rep_id=414&ltype=S

Clinical Laboratory Services Market: Key Geographies with Promising Avenues

• North America held the majority of shares in the global clinical laboratory services market landscape in 2018
• The aforementioned regional market expected to retain its dominance through 2027
• Extensive demand for clinical lab tests for cancer and other chronic tests boost the size of the market
• Asia Pacific has been emerging as a hotbed of opportunities for companies to tap into promising sales in the clinical laboratory services market

Clinical Laboratory Services Market: Key Participants

• Alere Inc.
• Eurofins Scientific
• SYNLAB International GmbH
• Genomic Health, Inc.
• Fresenius Medical Care Holdings, Inc.
• Sonic Healthcare
• Laboratory Corporation of America Holdings
• Charles River Laboratories International, Inc.

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Direct-to-Consumer Laboratory Testing Market: The DTC testing is an interesting extension to the traditional healthcare model for customers desiring information of their health situation and disease risk, ancestry, and their body's expected response to certain prescriptions based on their genotype. The advantages of DTC testing are enticing and driving the direct-to-consumer laboratory testing market.

Clinical Decision Support System Market: The global clinical decision support system market was valued over US$ 523.8 Mn in 2016 and is projected to witness cumulative annual growth rate (CAGR) of over 11% from 2017 to 2025 to surpass the value of US$ 1,318.4 Mn by 2025. The global market is witnessing relatively higher growth owing to increasing digitization of medical practices, high healthcare IT budgets and rise in demand for chair time optimization in developed markets.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Browse More Upcoming Reports by Transparency Market Research: https://www.transparencymarketresearch.com/upcoming.htm

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/clinical-laboratory-services-market.htm
Website: https://www.transparencymarketresearch.com/

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg

SOURCE Transparency Market Research