Clinical Laboratory Test Market Scope Overview, Geography Trends and Investment Feasibility Analysis till 2027

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Overview

The Clinical Laboratory Test market is growing mainly due to growing awareness, and rising adoption of anti-inflammatory drugs. According to a recent study report published by the Market Research Future, the Clinical Laboratory Test market is booming and expected to gain prominence over the forecast period. The market is forecast to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2020 – 2027).

Clinical laboratory test market  has emerged as the most growing segment of healthcare over the past few years. Clinical laboratory testing includes all routine check-ups and other pathology tests for the diagnosis of various diseases ranging from CBC and other routine blood test, anatomical pathological testing, molecular, immunological, drug testing and other tests for disease diagnosis and treatment. CBC and other routine blood tests are the most common type of tests that screens for certain disorders leading for increase or decrease of cell counts. These test help to diagnose a broad range of conditions from anaemia and infections to cancer.

Regional Analysis of Clinical Laboratory test Market:

North America is the largest market share holder accounting for 44.6% of global clinical laboratory test market and is expected to generate a CAGR growth of 6.2%. U.S. is expected to be the prime market share holder of North America clinical analyzers market generating an anticipated CAGR  growth of 5.8%. Large number of laboratories and growing volume of clinical testing procedures are the prime reasons for the dominance of the U.S. Canada, is expected to be the fastest market in the North American region with an expected CAGR growth of 6.3%.

Europe is expected to be the second largest market for clinical laboratory test and is expected to generate a CAGR growth of 6.6%. Europe region is expected to be dominated by Germany owing to its highly developed medical device companies. Germany is expected to be followed by France and the U.K.

Asia-pacific region is expected to be the fastest growing market, with a growth rate of 6.5% to 7%  on account of growing awareness, strengthening government support and growing healthcare infrastructure.

Segments of Clinical Laboratory test Market:

Laboratory type – hospital based laboratories, central/independent laboratories, physician office laboratory (pol) and others. The market segmented by laboratory type is dominated by the hospital based laboratories.

Laboratory tests – Complete Blood Count (CBC) and other routine blood tests, anatomic pathology, molecular tests, immunology tests, drug testing and others. On the basis of laboratory tests, CBC and other routine blood tests are expected to hold the largest market share.

Clinical Laboratory Test Market Players

  • Laboratory Corporation of America,
  • LifeLabs Medical Laboratories,
  • Sonic Healthcare,
  • Aurora Diagnostics,
  • Quest Diagnostics,

among others are some key companies in the global Clinical Laboratory Test that are listed by MRFR for market research.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

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