The global clinical laboratory services market clinical laboratory services market is rising pervasively. The market demand is continually growing due to the increased healthcare expenditures and awareness about the importance of these clinical laboratory services. The emergence of ingenious solutions that offer maximum efficiency and accuracy with minimum or no error is expected to serve as a game-changer for the market. According to Market Research Future (MRFR), a leading research firm, the global clinical laboratory services market, is poised to create a valuation of over USD 274,400 MN by 2023. MRFR, in its recent study, reports that the market would register healthy CAGR during the assessment period (2018-2023). Prevalence of chronic diseases, demand for early & regular disease diagnosis, and the consequent need to curtail healthcare expenditure are key factors to propel the market growth.
Additionally, promising reimbursement policies and the availability of advanced services are anticipated to contribute the market growth. The integrated workflow management systems, patient test records, and database management tools are becoming increasingly important in the healthcare industry. Early disease detection is gaining a heightened demand due to the availability of technological advancement. The rising health-conscious populace, coupled with the surge in chronic and metabolic disorders are some of the main factors that assure the growth of the market.
Clinical Laboratory Services Market – Segments
To widen the scope of understanding, the market is segmented into three dynamics
By Type : Endocrinology, Biochemistry, Microbiology, Hematology, Histopathology, Cytology, Genetic Testing, and others.
By Application : Independent, Laboratory, Reference Laboratory, Hospital Laboratory, among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World (RoW).
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