The Global Clinical Laboratory Services Market Is Expected To Reach Around Us$ 381.6 Billion By The End Of 2027

 

Clinical Laboratory Services

Clinical laboratories are essentially centres for providing diagnostic testing services that aid in the identification of disease causes, disease progression (stage), abnormalities and imbalances in the physiology, and other such factors. These clinical laboratory tests and services are documented in the form of reports that assist physicians in determining the best course of treatment for the patient based on various etiologic, demographic, and financial factors.The global clinical laboratory services market is estimated to account for US$ 255.5 billion in 2020 and expected to reach around US$ 381.6 billion by the end of 2027.

This report divides the Clinical Laboratory Services Market into three categories: specialty, provider, and region. The market is divided into clinical chemistry, microbiology, haematology, immunology, cytology, genetic testing, and drugs of abuse testing. Clinical chemistry is expected to account for the largest share of the market in 2017. This segment's large market share can be attributed to technological advancements in clinical chemistry, improved healthcare systems, and rising per capita disposable income in developing countries.

 Clinical pathology tests are performed on collected clinical specimens in a clinical laboratory to obtain information about the patient's health to aid in the diagnosis, prevention, and treatment of diseases. The clinical laboratory services market is divided into three categories: Test Type (Clinical Chemistry, Immunology, Cytology, Genetics, Microbiology, Hematology, and Other Test Types), Service Provider (Independent and Reference Laboratories, and Hospital-based Laboratories), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also includes estimated market sizes and trends for 17 different countries in major global regions. The report provides the value (in USD billion) for the aforementioned segments.

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