Clinical Laboratory Services Market is expected to
witness a substantial growth in the years to come
The global Clinical Laboratory Services Market is expected to witness a substantial growth in the years to
come. This could be attributed to technical advancements with regards to medical laboratory services. Plus,
loads of infectious ailments are coming up; which may result in increase in mortality and morbidity if not
detected on time. Clinical laboratory services help in checking this catastrophe. This is another factor driving
the market in the near future.
Increase in geriatric population outcomes in weak immune system. This will also affect the clinical laboratory
services market on positive grounds. Besides, governments in developed economies like the U.S., Belgium, and
Denmark do put healthcare at the top pedestal. At the same time, there are economies having ambivalent
regulatory framework are likely to impede the market in the next 5-7 years.
The clinical laboratory services industry is segmented based on type of test, service provider, and geography.
By type of test, the segmentation spans medical microbiology & cytology, clinical chemistry, human & tumor
genetics, and the other esoteric tests. By service provider, the market could span clinic-based laboratories,
stand-alone laboratories, and hospital-based laboratories.
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By geography, the clinical laboratory services market comprises North America (Canada, U.), Europe (Italy,
Spain, France, UK, and France), Asia Pacific (India, Australia, China, and Japan), LATAM (Mexico, Brazil),
and MEA (Saudi Arabia, South Africa). Asia Pacific’s market is projected to grow by leaps and bounds owing
to considerable efforts taken by the governments in enhancing lab services herein. North America and Europe
have already attained saturation with respect to clinical laboratory services.