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Global Clinical Laboratory Services Market 2017-2021

Global Clinical Laboratory Services Market 2017-2021

About Clinical Laboratory Services

Clinical laboratories provide services that help healthcare professionals (HCPs) diagnose and treat diseases. Clinical laboratories conduct specialty tests of large volume of samples such as blood, plasma, and lipids. Several organizations such as nursing homes, corporate offices, insurance companies, pharmaceutical and biotechnology companies, and hospitals refer people to clinical laboratories for testing. Though hospitals may have in-house testing capabilities, they outsource testing to clinical laboratories due to the large volume of samples and the high cost of equipment.

Technavio’s analysts forecast the global clinical laboratory services market to grow at a CAGR of 6.72% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global clinical laboratory services market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Clinical Laboratory Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott Laboratories
  • LabCorp
  • Quest Diagnostics
  • Siemens Healthineers
Other prominent vendors
  • ARUP Laboratories
  • Charles River Laboratories
  • Genoptix
  • Myriad Genetics
  • NeoGenomics Laboratories
  • Sonic Healthcare
  • Spectra Laboratories
Market driver
  • Growth of aging population
  • For a full, detailed list, view our report
Market challenge
  • Lack of skilled professionals
  • For a full, detailed list, view our report
Market trend
  • Increasing adoption preventive healthcare
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Clinical Laboratory Services Market 2017-2021

Technavio recognizes the following companies as the key players in the global clinical laboratory services market: Abbott Laboratories, LabCorp, Quest Diagnostics, and Siemens Healthineers.

Other Prominent Vendors in the market are: ARUP Laboratories, Charles River Laboratories, Genoptix, Myriad Genetics, NeoGenomics Laboratories, Sonic Healthcare, and Spectra Laboratories.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing adoption preventive healthcare. Due to the growing prevalence of chronic diseases, the adoption of preventive healthcare is increasing. Preventive healthcare involves disease prevention rather than treatment. Disease prevention is possible due to routine healthcare tests. The adoption of routine healthcare tests is also increasing. The prime aim of regular routine check-ups is to prevent illnesses and their progression. Doctors recommend routine healthcare tests depending on the age and gender of patients. For instance, women between the ages of 38 and 42 years are susceptible to breast cancer. Hence, regular mammogram screening is recommended for them, thereby increasing the demand for clinical laboratory services.”

According to the report, one of the major drivers for this market is Growth of aging population. The increase in median age due to the increase in life expectancy is driving the growth of the aging population. The increase in life expectancy is due to the shift in the cause of death from acute to chronic diseases such as arthritis, diabetes, high cholesterol, and hypertension, which are caused due to lifestyles. Advances in medicine have reduced the prevalence of disability, which also increases life expectancy.

Further, the report states that one of the major factors hindering the growth of this market is Lack of skilled professionals. Clinical laboratory professionals are skilled and certified professionals who are trained in the theoretical and practical aspects of clinical laboratory medicine. These include hematology, chemistry, microbiology, immunology, blood banking, and molecular pathology. Clinical laboratory professionals play different roles such as staff technologists, research technologists, supervisors, managers, or educators. Approximately 60%-70% of all medical decisions involving hospital admissions and discharge and diagnosis and treatment are decided by clinical laboratory professionals.

Companies Mentioned

Abbott Laboratories, LabCorp, Quest Diagnostics, Siemens Healthineers, ARUP Laboratories, Charles River Laboratories, Genoptix, Myriad Genetics, NeoGenomics Laboratories, Sonic Healthcare, and Spectra Laboratories.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Overview
      • Table Global clinical laboratory services market: Overview
  • Market landscape
    • Market size and forecast
      • Table Global clinical laboratory services market 2016-2021($ billions)
      • Table Factors impacting global clinical laboratory services market
    • Five forces analysis
      • Table Five forces analysis
  • Segmentation by service provider
    • Overview
      • Table Global clinical laboratory services market: Segmentation by service provider 2016-2021 (% share)
      • Table Global clinical laboratory services market: Overview of segmentation by service provider
    • Hospital-based laboratories
      • Table Global hospital-based laboratories market 2016-2021 ($ billions)
    • Stand-alone laboratories
      • Table Global stand-alone laboratories market 2016-2021 ($ billions)
    • Clinic-based laboratories
      • Table Global clinic-based laboratories market 2016-2021 ($ billions)
  • Segmentation by geography
    • Overview
      • Table Global clinical laboratory services market: Segmentation by geography 2016-2021 (% share)
      • Table Global clinical laboratory services market: Overview of segmentation by geography
    • Americas
      • Table Clinical laboratory services market in Americas: Overview
      • Table Clinical laboratory services market in Americas 2016-2021 ($ billion)
    • EMEA
      • Table Clinical laboratory services market in EMEA: Overview
      • Table Clinical laboratory services market in EMEA 2016-2021 ($ billions)
    • APAC
      • Table Clinical laboratory services market in APAC: Overview
      • Table Clinical laboratory services market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing adoption preventive healthcare
    • Emergence of corporate wellness programs
    • Increase in adoption of premarital screening
    • Increasing focus on real-time and digitalized treatment
    • Full integration with EMR and LIS
    • Increased access to online test ordering and reporting
  • Vendor landscape
    • Competitive scenario
      • Table Strategic success factors for vendors
      • Table Competitive parameters
      • Table Strategic success factor of companies
    • Investment opportunity
      • Table Investment opportunity mapping
  • Key vendor analysis
    • Abbott Laboratories
      • Table Abbott Laboratories: Overview
      • Table Abbott Laboratories: Strength analysis
      • Table Abbott Laboratories: Strategy assessment
      • Table Abbott Laboratories: Opportunity assessment
    • LabCorp
      • Table LabCorp: Overview
      • Table LabCorp: Strength analysis
      • Table LabCorp: Strategy assessment
      • Table LabCorp: Opportunity assessment
    • Quest Diagnostics
      • Table Quest Diagnostics: Overview
      • Table Quest Diagnostics: Strength analysis
      • Table Quest Diagnostics: Strategy assessment
      • Table Quest Diagnostics: Opportunity assessment
    • Siemens Healthineers
      • Table Siemens Healthineers: Overview
      • Table Siemens Healthineers: Strength analysis
      • Table Siemens Healthineers: Strategy assessment
      • Table Siemens Healthineers: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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