Clinical Laboratory Services Market Opportunities, Top Key Manufacturers and Supply Demand 2028

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The clinical laboratory services involve testing on specimens from the body such as blood.

The clinical laboratory services involve testing on specimens from the body such as blood or urine to obtain information about the health of a patient to aid in treatment and prevention of diseases. These services plays key role in accurate diagnosis of diseases for better treatment. These services are delivered by labs located in hospitals and physician offices, as well as by independent labs. The clinical laboratory services include testing material, tissues obtained from a patient or through clinical studies to determine cause as well as nature of diseases.

MARKET DYNAMIC- ASIA PACIFIC CLINICAL LABORATORY SERVICES MARKET

The clinical laboratory services market has been seeing tremendous growth from the past few decades. The primary growth factors behind the market growth are technological advancements in the clinical testing and raised burden of target diseases. Likewise, growing public-private investments as well as increasing demand for early detection will act as a driving factor for the market. Nevertheless, lack of skilled professionals and pricing pressure faced by healthcare payers and providers are the major restraining factor that could hamper the growth of the market.

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ASIA PACIFIC CLINICAL LABORATORY SERVICES MARKET SEGMENTAL OVERVIEW

The study analyses Asia Pacific Clinical Laboratory Services Market based on test type, provider, application and country. 

CLINICAL LABORATORY SERVICES MARKET BY TEST TYPE

Based on the test type clinical laboratory services market is bifurcated into human tumor genetics, clinical chemistry, medical microbiology and cytology and other esoteric tests. The clinical chemistry segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period 2021-2027. Rising numerous clinical chemistry tests and the emergence of point-of-care testing methods will fuel in market growth in upcoming years. Nevertheless, improving healthcare system, and rising per capita disposable income in Asia Pacific region will boosts the market growth.

CLINICAL LABORATORY SERVICES MARKET BY PROVIDER

The clinical laboratory service providers are segmented into independent and reference laboratories, hospital-based laboratories; and nursing and physician office-based laboratories. The independent and reference laboratories segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. The factors that responsible for the market growth are increasing automation digitalization of diagnostic laboratories across major countries. Nevertheless, efforts to improve patient outcomes by providing diagnostic facilities at the retail level will drive the market in upcoming years.

CLINICAL LABORATORY SERVICES MARKET BY APPLICATION

The various application were studied in this report such as bio analytical lab chemistry services, toxicology testing services, cell gene therapy related services, preclinical clinical trial related services, drug Discovery development related services and others. The bio analytical and lab chemistry services segment is projected to witness the highest share in 2020 owing to, rising number of investigational drugs undergoing clinical trials and growing number of novel drug candidates participating in clinical trials will act as a driving factor for the growth of this market.

CLINICAL LABORATORY SERVICES MARKET BY COUNTRY

The countries covered in the Asia-Pacific clinical laboratory services market report are China, Japan, India and rest of APAC. The China held the largest market share of Asia Pacific clinical laboratory services market and is likely to dominate the market over the estimated time frame. China is one of the major contributing country in medical field and also it is well developed country. The advancement in clinical laboratory services is the major factor for the market growth in the region.

CLINICAL LABORATORY SERVICES MARKET KEY PLAYERS

The major key players of market includes Mayo Medical Laboratories , Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Spectra Laboratories Inc., DaVita Healthcare Partners, Eurofins Scientific, Unilabs, SYNLAB International, Bio-Reference Laboratories, Sonic Healthcare, and Cerba HealthCare, OPKO Health, Inc, Abbott, Charles River Laboratories International, Inc., Cinven, Arup laboratories, NeoGenomics Laboratories, Fresenius Medical Care and Viapath Group LLP.

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