Malaysia Clinical Laboratory Services Market is Expected to grow at 5.8% CAGR in the Forecast Period of 2021 to 2028

Malaysia Clinical Laboratory Services Market is growing due to the increasing demand for early and accurate diagnosis, which is driving the market's growth. Strategic initiatives by market players and rising collaborations, partnerships among players are also propelling the growth of the Malaysia clinical laboratory services market. However, strict regulatory policies may hamper the growth of the market.

Malaysia Clinical Laboratory Services Market Scenario

According to Data Bridge Market Research, the Malaysia clinical laboratory services market has a market share of 24.24%. The market leader is DaVita Inc. which accounts for an estimated market share of approximately 12.44%.

For instance,

  • In May 2021, DaVita Inc.’s Kidney Care segment announced the expansion of its home kidney care program, including the HomeChoice Claria Automated Peritoneal Dialysis (APD) system. The remote patient monitoring system Sharesource enables this from Baxter International Inc, a global innovator company in renal care. This expansion has helped the company in extending the automated services in the dialysis system services

Malaysia Clinical Laboratory Services Market Trends Impacting the Market

Now the question is which other regions DaVita Inc., Sunway Med Lab, Abbott are targeting? Data Bridge Market Research has estimated a large growth in the Malaysia clinical laboratory services market.

Malaysia clinical laboratory services market is becoming more competitive with companies such as DaVita Inc., Sunway Med Lab, and Abbott. They are the top dominating companies in the Malaysia clinical laboratory services market, having a maximum number of services. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Malaysia clinical laboratory services market.   

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Malaysia Clinical Laboratory Services Market Development

  • In January 2021, Abbott launched the NeuroSphere myPath, a digital health app designed to track and report patient-perceived pain relief and general well-being associated with spinal cord stimulation (SCS) or dorsal root ganglion (DRG) therapy. During the device trial period required before the permanent implant, the app allows patients to record their outcomes on pain and well-being while trialing their neurostimulation therapy. The launch of the NeuroSphere myPath is one more example of how Abbott has been leading the way in providing remote ways to connect doctors and patients

Scope of the Malaysia Clinical Laboratory Services Market

The Malaysia clinical laboratory services market is segmented into four segments based on service type, specialty, provider, and application.

  • On the basis of service type, the Malaysia clinical laboratory services market is segmented into routine testing services, esoteric services, and anatomic pathology services. On the basis of specialty, the Malaysia clinical laboratory services market is segmented into clinical chemistry testing, microbiology testing, hematology testing, genetic testing, drugs of abuse testing, and immunology testing. On the basis of provider, the Malaysia clinical laboratory services market is segmented into independent and reference laboratories, hospital-based laboratories, clinical-based laboratories, and nursing and physician office-based laboratories. On the basis of application, the Malaysia clinical laboratory services market is segmented into 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, and other clinical laboratory services.

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Key Pointers Covered in Malaysia Clinical Laboratory Services Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

The key market players for Malaysia clinical laboratory services market are listed below:

  • Eurofins Scientific
  • Siemens Healthcare GmbH
  • Abbott
  • DaVita Inc.
  • Charles River Laboratories
  • Laboratory Corporation of America Holdings
  • Syneos Health
  • Sunway Med Lab
  • PT Kimia Farma Diagnostika
  • SGS SA

Research Methodology: Malaysia Clinical Laboratory Services Market

Data collection and base year analysis are 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.

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The key research methodology used by the 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 timeline 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: Clinicians, Healthcare Professionals, Researchers, Academicians.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.

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