Clinical Laboratory Tests Market To Register A CAGR Of 7.1% Over The Forecast Period
Clinical Laboratory Tests Industry Overview
The global clinical laboratory tests market size was valued at USD 176.7 billion in 2019. It is expected to register a CAGR of 7.1% over the forecast period.
Increasing prevalence of chronic diseases and rising awareness among health-conscious population have fueled the growth of the overall market.The demand for clinical laboratory tests is driven by growing investments in diagnosing target diseases such as cardiovascular disorders, tuberculosis, and diabetes. Clinical laboratory tests help diagnose diabetes mellitus. According to an article published by the International Diabetes Federation in 2019, around 463 million adults were living with diabetes, and by 2045 it is estimated to reach 700 million globally.
Gather more insights about the market drivers, restrains and growth of the Global Clinical Laboratory Tests Market
Increasing geriatric population is anticipated to drive the overall market for clinical laboratory tests. According to the data published by the World Population Prospects: the 2019 Revision, around one in 11 people were aged over 65 years in 2019, and by 2050, it is estimated that approximately one in 6 people in the world will be aged 65 years and above. Clinical laboratory tests are increasingly used to diagnose age-related diseases.
Moreover, growing rate of insufficient exercise, consumption of unhealthy food, and the subsequent rise in cases of obesity are expected to increase the prevalence of various chronic diseases. Rising awareness of the necessity of regular body profiling among healthcare professionals and patients globally is expected to increase the demand for clinical laboratory tests.
Browse through Grand View Research's Clinical Diagnostics Industry Research Reports.
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Clinical Laboratory Tests Market Segmentation
Grand View Research has segmented the global clinical laboratory tests market on the basis of type, end use, and region.
Clinical Laboratory Tests Type Outlook (Revenue, USD Billion, 2016 - 2027)
Complete blood count
HGB/HCT
Basic metabolic panel
BUN creatinine tests
Electrolytes testing
HbA1c tests
Comprehensive metabolic panel
Liver panel
Hepatitis
Bile duct obstruction
Liver Cirrhosis
Liver Cancer
Bone disease
Autoimmune disorders
Others
Renal panel
Lipid panel
Clinical Laboratory Tests End-use Outlook (Revenue, USD Billion, 2016 - 2027)
Central Laboratories
Complete blood count
HGB/HCT
Basic metabolic panel
BUN creatinine tests
Electrolytes testing
HbA1c tests
Comprehensive metabolic panel
Liver panel
Renal panel
Lipid panel
Primary Clinics
Complete blood count
HGB/HCT
Basic metabolic panel
BUN creatinine tests
Electrolytes testing
HbA1c tests
Comprehensive metabolic panel
Liver panel
Renal panel
Lipid panel
Clinical Laboratory Tests Regional Outlook (Revenue, USD Billion, 2016 - 2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Companies profiled:
Some prominent players in the global clinical laboratory tests market include
Abbott
ARUP Laboratories
OPKO Health, Inc.
Bioscientia Institut für Medizinische Diagnostik GmbH
Charles River
NeoGenomics Laboratories, Inc.
Genoptix, Inc.; Healthscope Ltd.
Labco
Laboratory Corporation of America Holdings (LabCorp)
Fresenius Medical Care
QIAGEN
Quest Diagnostics
Siemens Healthcare Private Limited
Tulip Diagnostics (P) Ltd.
Sonic Healthcare; Merck KgaA
Biosino Bio-technology
Science Inc.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.