We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us
PURITAN MEDICAL

Download Mobile App




Global Clinical Lab Services Market to Reach USD 327 Billion by 2025

By LabMedica International staff writers
Posted on 17 Jul 2017
The global clinical laboratory services market is expected to reach USD 327 billion by 2025, driven by the improvement and implementation of informatics and automated data management solutions to perform seamless operations. More...
The competition among medical device manufacturers for the development of clinical chemistry analyzers that can provide rapid results is also expected to aid the market growth. However, sample preparation and running it through experimental protocols with enhanced productivity still remains a challenge for labs.

These are the latest findings of Grand View Research, Inc. (San Francisco, CA, USA), a market research and consulting company.

In 2016, clinical chemistry services held the largest market share due to the presence of large number of body fluid-based screening solutions. Moreover, the segment caters to a large number of specialty including liver function tests, renal function tests, along with determination of different physiological substances.

Presently, growing concern over cost control, increasing the pace of R&D for new products, and demand for improvement in quality control parameters are some of the factors exerting pressure on lab personnel. Additionally, there has been continuous progress in a number of compounds screened in clinical settings, thus further demanding development in this field. The market players are making continuous efforts to address these challenges in different ways. For instance, vendors are adopting 384-well plates instead of 96-well plates in order to reduce reagent costs and the amount of time required for performing assays.

The emergence of tests that require smaller sample size and easy collection of the sample from patients is anticipated to boost R&D, thereby leading to potential growth prospects. Based on the current level of tests and application, medical microbiology & cytology is expected to record the fastest growth. The ability to provide better testing services at a comparatively lower rate is anticipated to increase the adoption of services by stand-alone laboratories, thereby fueling the market growth.

North America remains the market leader owing to technological advancements and high awareness of medical standards in the region, followed by Europe. However, the regions of Asia and Latin America are expected to witness rapid growth due to growing awareness, increased government initiatives, and favorable regulatory policies.

Related Links:
Grand View Research


New
Gold Member
Blood Gas Analyzer
Stat Profile pHOx
Serological Pipet Controller
PIPETBOY GENIUS
New
Chlamydia Trachomatis Test
Aptima Chlamydia Trachomatis Assay
New
Candida Glabrata Test
ELIchrom Glabrata
Read the full article by registering today, it's FREE! It's Free!
Register now for FREE to LabMedica.com and get access to news and events that shape the world of Clinical Laboratory Medicine.
  • Free digital version edition of LabMedica International sent by email on regular basis
  • Free print version of LabMedica International magazine (available only outside USA and Canada).
  • Free and unlimited access to back issues of LabMedica International in digital format
  • Free LabMedica International Newsletter sent every week containing the latest news
  • Free breaking news sent via email
  • Free access to Events Calendar
  • Free access to LinkXpress new product services
  • REGISTRATION IS FREE AND EASY!
Click here to Register








DIASOURCE (A Biovendor Company)

Channels

Molecular Diagnostics

view channel
Image: The RNA-seq based diagnostic test for pediatric leukemia ensures better outcomes for children with this common cancer (Photo courtesy of Qlucore)

RNA-Seq Based Diagnostic Test Enhances Diagnostic Accuracy of Pediatric Leukemia

A new unique test is set to reshape the way Acute Lymphoblastic Leukemia (BCP-ALL) samples can be analyzed. Qlucore (Lund, Sweden) has launched the first CE-marked RNA-seq based diagnostic test for pediatric... Read more

Hematology

view channel
Image: CitoCBC is the world first cartridge-based CBC to be granted CLIA Waived status by FDA (Photo courtesy of CytoChip)

Disposable Cartridge-Based Test Delivers Rapid and Accurate CBC Results

Complete Blood Count (CBC) is one of the most commonly ordered lab tests, crucial for diagnosing diseases, monitoring therapies, and conducting routine health screenings. However, more than 90% of physician... Read more

Immunology

view channel
Image: A simple blood test could replace surgical biopsies for early detecion of heart transplant rejection (Photo courtesy of Shutterstock)

Blood Test Detects Organ Rejection in Heart Transplant Patients

Following a heart transplant, patients are required to undergo surgical biopsies so that physicians can assess the possibility of organ rejection. Rejection happens when the recipient’s immune system identifies... Read more
Copyright © 2000-2025 Globetech Media. All rights reserved.