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

Total Price  $4500

Introduction of innovative solutions that allows implementation of informatics and data management systems to perform rapid and seamless operations with accurate clinical results with higher efficiency will accelerate industry growth.
 

Chemistry segment held the largest clinical laboratory services market share with revenue slated to exceed USD 152 billion by 2024. Increasing prevalence of cardiovascular, diabetes, liver & kidney disorders coupled with growing awareness for early diagnosis will spur industry growth.
 

U.S. held the largest share owing to high patient awareness and presence of large test volumes. APAC and LATAM will provide lucrative growth opportunities to industry players with introduction of regulatory standards to encourage the use of clinical laboratory services in these regions. Accounting for over one third of the global population, India and China are eyed upon as potential business hubs for clinical laboratory testing service providers.

 

The key industry players include Quest Diagnostics, Sonic Healthcare, LabCorp, Genoptix Medical Laboratory, Healthscope, Labco, Charles River Laboratories and Bio-Reference Laboratories, Abbott Laboratories. The key strategies of mergers and acquisitions and strategic collaborations will enable industry players to strengthen their regional presence.
 

Browse key industry insights spread across 110 pages with 33 market data tables & 10 figures & charts from the report, “Clinical Laboratory Services Market Size By Test (Human & Tumor Genetics, Clinical Chemistry, Medical Microbiology & Cytology, Other Esoteric Test), By Service Provider (Hospitals, Stand-Alone Laboratories, Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Japan, China, Brazil, Mexico, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:

Key insights:

 

• 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.