Siemens Healthineers AG, Spectra Laboratories and DaVita Inc. are dominating the Global Clinical Laboratory Services Market in 2019

Global Clinical Laboratory Services Market is projected to register a substantial CAGR of 7.0% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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Global clinical laboratory services market is a fregmented market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to growing demand for the clinical laboratory services, booming across healthcare, technological advancements of clinical laboratory services introduction of novel automated systems.

The market has witnessed developments in terms of merger and acquisitions, partnerships or product launches to enhance the product portfolio to meet the rising demand of innovative monitoring technology in clinical laboratory services. For instance, in April 2018, Quest Diagnostics Incorporated launched STD tests through QuestDirect. It helps in the access of STD Screening. The launch was successful in improving the health of the patients by accurate testing and diagnosis which can lead to acquired immune deficiency syndrome (AIDS). With the launch of this test, company will expand its product portfolio as well as its market size.

Siemens Healthineers AG is the dominating player in the global clinical laboratory services market. The other key players in the market include Mayo Foundation for Medical Education and Research (MFMER), Quest Diagnostics Incorporated, Spectra, Laboratories (A Subsidiary of Fresenius Medical Care AG & Co. KGaA), DaVita Inc., Eurofins Scientific, UNILABS, SYNLAB International GmbH, MIRACA HOLDINGS Inc., Sonic Healthcare, ACM Global Laboratories, Amedes Group, LifeLabs, Alere, Charles River, BioReference Laboratories, Inc., NeoGenomics, Laboratories, Inc., KingMed Diagnostics, Genomic Health  among others.

Siemens Healthineers AG

Siemens Healthineers AG which is a public company is headquartered in Erlangen, Germany and was founded in 1896. The company offers technologies and services in the areas of diagnostic and therapeutic imaging, laboratory diagnostics and molecular medicine as well as digital health and enterprise services. The company has multiple business segments imaging, diagnostics, advanced therapies in which diagnostics is the market focused segment. The company has wide range of service category such as medical imaging, laboratory diagnostics, point-of-care testing, services, healthcare it, refurbished system, education and training, online services. In this laboratory diagnostics is the market focused category.

The company has its presence in Asia, Australia, EMEA, Americas. The company has subsidiaries such as Siemens Healthcare SAS, (France), Dedicated2Imaging LLC, (United States), Acrorad Co., Ltd., (Japan), Siemens Healthcare d.o.o., (Croatia), Siemens Healthcare Nederland B.V., (Netherlands) among others.

Spectra Laboratories (A Subsidiary of Fresenius Medical Care AG & Co. KAaA)

Spectra Laboratories (A Subsidiary of Fresenius Medical Care AG & Co. KAaA) is headquartered in California, U.S. and was founded in 1982. It is a public company.  The company focusses on providing renal-specific laboratory services to clinical research and correctional healthcare segments. The company has wide range of service category such as comprehensive testing services, microbiology testing services. In this comprehensive testing service, microbiology testing services are market focused categories. The company has approx. 900 employees in the company.

  • In September 2019, Spectra Laboratories announced to construct a 200,000 square foot facility in Southaven's Stateline Business Park. More than 300 workers would check samples to assess the quality of the patients ' kidneys there. Quick distribution of test results by the agency, allowing patients to access the specific care they need in a timely manner. This expansion increases the productivity of the company which increases their market share.

The company has its presence in North America, EMEA, Asia-Pacific, and Latin America.

DAVITA INC. 

DaVita Inc. is headquartered in Colorado U.S. The company focuses on providing the range of clinical laboratory services including Chemistry, Hematology, and Urinalysis among others. The company has various service categories such as laboratory and pharmacy, clinical support, nurses, patient care technicians, in this laboratory and pharmacy is the market focused category. The company is continuously engaged in strategic relationship to enhance the product and service of the clinical laboratory services such as,   

  • In September 2018, DaVita Kidney Care, a subsidiary of DaVita Inc., a leading provider of kidney care services, announced the completion of a 150,000 square-foot facility of DaVita Laboratories, a clinical laboratory servicing the DaVita dialysis clinics and their clients. This expansion will increase the market value of the company.

The company has presence in the U.S. The company has various subsidiaries such as Astro, Hobby, West Mt. Renal Care (Germany), Austin Dialysis Centers, L.P. (Germany), Bay Area Dialysis (Liechtenstein), Beverly Hills Dialysis (Canada), Bear Creek Dialysis, L.P (Germany) among others.

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