The global clinical laboratory services market is anticipated to grow at a CAGR of 6.4% during the forecast period. The major factor that is augmenting the growth of the market includes improved healthcare infrastructure in emerging economies. The government policies and regulations are also playing an integral role in the growth of the market. With the pandemic ongoing, the demand for more accurate healthcare systems is resulting in an increased market for clinical laboratory services. However, there are certain factors that are hindering the market growth such as high-cost treatment, the low accuracy rate of the treatment, and stringent FDA policies implemented by several countries across the globe.
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Further, drug testing is also one of the verticals that have been giving rise to the clinical laboratory services market. Drug testing has become common practice in business, schools, military, retail, and on the streets. Drug abuse testing equipment has positively rewarded individuals and society with the power of regulation and a drug-free healthy environment. Several schools and workplaces have made drug tests mandatory, owing to the familiarity of adverse effects of drugs and alcohol consumption. Universities, schools, and social service groups conduct awareness & seminars about the dangerous effects of drugs. Organizations and workplaces are conducting employee assistance programs (EAPs) to help employees deal with personal and work-related issues, which can affect their work performance. Government initiatives for R&D of drug testing devices and initiatives to tackle illegal drug trafficking further boost the clinical laboratory services market growth.
Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Type and Service Providers
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Abbott Laboratories Inc., Quest Diagnostics Inc., LabCorp, F. Hoffmann La Roche Ltd., Sonic Healthcare Ltd., Thermo Fisher Scientific Inc., Charles River Laboratories International Inc., and more
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Global Clinical Laboratory Services Market Report Segment
By Type
- Clinical Chemistry
- Medical Microbiology & Cytology
- Human & Tumor Genetics
- Immunology Testing
- Genetic Testing
- Other
By Service Provider
- Hospital-Based Laboratories
- Stand-Alone Laboratories
- Clinic-Based Laboratories
- Others
Global Clinical Laboratory Services Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Abbot Laboratories Inc.
- ACM Medical Laboratory
- Almac Group
- Arup Laboratories
- Bio-Reference Laboratories
- Bioscientia Healthcare
- Charles River Laboratories.
- DaVita
- Eurofins Scientific
- Healthscope LTD.
- Intertek
- LabCorp
- Mayo Medical Laboratories
- NeoGenomicsLaboratories, Inc.
- QiagenNV
- Quest Diagnostics, INC.
- Sanofi SA
- Sonic Healthcare Ltd.
- Synlab Group
- Unilabs
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