Sellbyville, Delaware, Aug. 20, 2018 (GLOBE NEWSWIRE) --

Global Clinical Laboratory Services Market revenue is expected to surpass USD 342 billion by 2024, says a new Global Market Insights, Inc. report featuring key industry trends across test type, service provider, and regional landscape.

Rapid advancements in molecular diagnostics along with upgradation in laboratory robot technology that significantly reduces costs and time while increasing overall output have remarkably propelled clinical laboratory services business expansion.

According to the report, clinical laboratory services market size from the medical microbiology and cytology test type will register a CAGR of 7.7% over 2018-2024. The growth can be credited to the escalating deployment of these tests in R&D activities and microbiology testing.

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The rising geriatric population base and access to advanced healthcare infrastructure will complement the Europe clinical laboratory services market growth. As per the report, UK accounted for 18.6% of the Europe clinical laboratory services market share in 2017 and is further projected to continue its lucrative growth trajectory.

The key players profiled in the report are Laboratory Corporation of America Holdings (Labcorp), Genoptix, Inc., Opko Health, Inc. (Bioreference Laboratories, Inc.), Fullerton Healthcare Corporation Limited, Charles River Laboratories, Inc., ARUP (Associated Regional and University Pathologists, Inc.) Laboratories, NeoGenomics Laboratories, Inc., Abbott Laboratories, Fresenius Medical Care (Spectra Laboratories), Qiagen N.V., Quest Diagnostics Inc., Sonic Healthcare Limited, Sanofi Genzyme, Siemens AG, and Synlab Labco S.A. The companies have been profiled in terms of their product portfolio, SWOT assessment, and strategic outlook.

Browse key industry insights spread across 185 pages with 83 market data tables & 9 figures & charts from the report, “Clinical Laboratory Services Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/...ces-market

The report also enlists the challenges for the industry players, which chiefly includes the involvement of several regulatory bodies in approving the clinical lab services and falling reimbursement rates.

Scope of the Clinical laboratory services market report:

Test type landscape:

  • Human & Tumor Genetics
  • Medical Microbiology & Cytology
  • Clinical Chemistry
    • Specialized Chemistry Testing
    • Routine Chemistry Testing
    • Endocrinology Chemistry Testing
    • TDM (Therapeutic Drug Monitoring) Testing
    • Other Clinical Chemistry Testing
  • Other Esoteric Tests

Clinical laboratory services market service provider landscape: Stand-Alone Laboratories, Hospital-Based Laboratories, Clinic-Based Laboratories

Clinical laboratory services market regional landscape: U.S., Canada, Italy, Spain, Germany, France, UK, India, Japan, China, Australia, Mexico, Brazil, Saudi Arabia, South Africa

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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