Clinical Laboratory Services Market size to exceed $342bn by 2024 - PowerPoint PPT Presentation

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Clinical Laboratory Services Market size to exceed $342bn by 2024


Clinical Laboratory Services Market Size By Test, By Service Provider, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024 – PowerPoint PPT presentation

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Title: Clinical Laboratory Services Market size to exceed $342bn by 2024

Clinical Laboratory Services Market size to
exceed 342bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Clinical Laboratory Services
  • Global clinical laboratory services market is
    estimated reach USD 342.3 billion by 2024, from
    196.9 billion in 2015, at an estimated CAGR of
    6.4 from 2016 to 2024.
  • Clinical chemistry segment dominated the industry
    with revenue share of 47 in 2015 and anticipated
    to exceed USD 152 billion by 2024.
  • Hospital-based laboratories were the largest
    service provider segment with revenue of over USD
    113 billion in 2015.
  • Stand-alone laboratories segment with over USD 73
    billion in 2015, is slated to witness highest
    CAGR of 7 during forecast frame, attributed to
    extensive range of tests offered by these labs,
    and ability to handle large test volumes.

  • Europe clinical laboratory services market size
    was dominated by Germany and UK collectively
    accounting for 27 of the revenue share of Europe
    market in 2015.
  • Industry rivalry is expected to be moderately
    high during forecast period due to number of
    large players operating in the market via
    extensive product portfolio, wide geographical
    presence, and long term contract with healthcare
  • Also, the presence of local manufacturers
    marketing products at relatively low prices is
    expected to intensify the rivalry.

U.S. Clinical Laboratory Services Market Size, by
Test, 2012- 2024 (USD Bn)


Browse Full Market Research Report On Clinical
Laboratory Services Market _at_ http//
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360 Analysis
  • Product Trends
  • In terms of test type, clinical chemistry took up
    the industry share of over 47 in 2015. Rising
    demand for early disease diagnosis due to
    increasing prevalence of target diseases such as
    cardiovascular, diabetes, liver kidney
    disorders, and blood disorders is considered as
    most significant factor accounting for its
    largest share.
  • Regional Analysis
  • U.S. clinical laboratory services market share
    held the largest industry revenue of over USD 64
    billion in 2015. The factors contributing to
    largest regional share include presence of large
    test volumes and growing adoption of advanced
    diagnostic technologies.
  • Competitive Market Share
  • Global clinical laboratory services market share
    was dominated by players such as Quest
    Diagnostics, Sonic Healthcare, LabCorp and
    Genptix Medical Laboratory. These players
    collectively grabbed a revenue share of over 45
    of overall market in 2015. Mergers and
    acquisitions aimed at strengthening regional
    presence and diverse product offerings were the
    key strategies adopted by industry players.

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