Global Clinical Laboratory Services Market is Growing with 7.2% CAGR in the Forecast Period of 2021 to 2028

Global Clinical Laboratory Services Market is growing with factors such as the advent of accurate and technologically advanced products and continuous advancements in clinical diagnostic techniques. The surge in public-private investments also acts as a major factor for the growth of the market. Grants to develop innovative laboratory testing and the rise in use of at-home testing tests to diagnose diseases and monitor the health condition on a regular basis has also given a boom to the global clinical laboratory services market.

Increase in the prevalence of target disease among population across the globe has propelled the demand of the market. However, the factors such as the lack of skilled and certified professionals, strict regulatory policies and inaccurate results of tests have decreased the demand of the market.

Global Clinical Laboratory Services Market Scenario

According to Data Bridge Market Research, the market for global clinical laboratory services in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is Laboratory Corporation of America Holding which accounts an estimated market share of approximately 3.94% in the global clinical laboratory services market. The company has gained outstanding sale by providing novel clinical laboratory services.  

  • In July 2021, Laboratory Corporation of America Holding, a leading global life sciences company, announced the availability of therascreen KRAS PCR Mutation Analysis, a companion diagnostic to identify patients with non-small cell lung cancer (NSCLC) who are eligible for treatment with LUMAKRAS (sotorasib), a new treatment option developed by Amgen. Laboratory Corporation of America Holding’s oncology platform brings together the company’s leadership in diagnostic testing with its comprehensive drug development services, helping to pioneer scientific breakthroughs like the KRAS companion diagnostic to identify patients eligible for cutting-edge targeted therapies.

Trends Impacting the Market

Now the question is which other regions Laboratory Corporation of America Holdings, Mayo Foundation for Medical Education and Research (MFMER) and DaVita Inc. are targeting? Data Bridge Market Research has forecasted a large growth in North America clinical laboratory services market and the market leaders targeting U.S. and Canada to be their next pocket revenue for 2021.

The global clinical laboratory services market is becoming more competitive with companies like Laboratory Corporation of America Holdings, Mayo Foundation for Medical Education and Research (MFMER) and DaVita Inc. These are the top dominating companies in clinical laboratory services market and have launched novel services in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global clinical laboratory services market.

For more analysis on the global clinical laboratory services market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-clinical-laboratory-services-market

New Market Developments

  • In July 2021, Research by investigators at Mayo Foundation for Medical Education and Research (MFMER) suggested that physicians should screen patients with lung cancer for MET amplification/overexpression before determining a treatment strategy. Study suggests that patients with a MET oncogene amplification will not respond to immunotherapy alone and will require treatment with a combination of a MET inhibitor together with immunotherapy. 
  • In June 2021, DaVita Kidney Care and the National Kidney Foundation (NKF), announced their collaboration in launching an innovative, yearlong pilot aimed at improving health equity in kidney transplantation with a newly-developed program within NKF’s THE BIG ASK: THE BIG GIVE platform.  

Scope of Global Clinical Laboratory Services Market

All country based analysis of the global clinical laboratory services market is further analysed based on maximum granularity into further segmentation. On the basis of specialty, the market is segmented into clinical chemistry testing, haematology testing, microbiology testing, immunology testing, drugs of abuse testing, cytology testing and genetic testing.  On the basis of provider, the market is segmented into independent & reference laboratories, hospital-based laboratories and nursing and physician office-based laboratories. On the basis of application, the market is segmented into 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. On the basis of service type, the market is segmented into routine testing services, esoteric services and anatomic pathology services.

To know more about the study https://www.databridgemarketresearch.com/reports/global-clinical-laboratory-services-market

Key Pointers Covered in Global Clinical Laboratory Services Market- Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market competitors
  • Recent Market Value for Different Countries  
  • Market value and overview of clinical laboratory services market  
  • Company profiling of top eight players of clinical laboratory services market

Key Market Competitors Covered in the Report

  • Mayo Foundation for Medical Education and Research (MFMER)
  • Laboratory Corporation of America Holdings
  • Quest Diagnostics Incorporated
  • DaVita Inc.
  • Eurofins Scientific
  • UNILABS
  • SYNLAB International GmbH
  • H.U. Groups Holdings, Inc.
  • Sonic Healthcare Limited
  • ACM Global Laboratories
  • Amedes Holding GmbH
  • LifeLabs
  • Abbott
  • Charles River Laboratories
  • Siemens Healthcare GmbH
  • BioReference Laboratories (A subsidiary of Opko Health, Inc.)
  • NeoGenomics Laboratories
  • KingMed Diagnostics Group Co., Ltd.
  • Genomic Health
  • ARUP Laboratories

Above are the key players covered in the report, to know about more and exhaustive list of clinical laboratory services companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-clinical-laboratory-services-market

Research Methodology: Global Clinical Laboratory Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand side: Manufacturer, Healthcare industry, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.

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