[FURL=https://www.industryarc.com/Report/19474/us-clinical-laboratory-tests-market.html]U.S. Clinical Laboratory Tests Market[/FURL] size in 2019 is estimated to be $6,000 million, growing at a CAGR of 5.3% during the forecast period 2020-2025. Clinical laboratory tests is a group of medical tests carried out in a laboratory equipped with all aspects of laboratory medicine and instruments. These tests are performed on clinical specimen to obtain information about the health of patients, and Diagnosis & treatment of their respective condition. Increasing prevalence of Chronic diseases and technological advancement are the major factors driving the growth of the market. Moreover, rising geriatric population and advancement of R&D activities further enhance the overall market demand for U.S. clinical laboratory tests during the forecast period 2020-2025.Key Takeaways
The Clinical Laboratory Tests Market is prominent in U.S. owing to rising penetration of advanced diagnostic techniques and increasing test volumes support.
Increasing prevalence of chronic diseases and technological advancement is driving the market growth of U.S. clinical laboratory tests.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the U.S. Clinical Laboratory Tests Market report.
Lack of skilled professional are challenging the growth of the market.
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U.S. Clinical Laboratory Tests Market Drivers
Increasing Prevalence of Chronic Disease
Increasing prevalence of chronic disease and rising awareness among health-conscious are some factors driving the market growth of this segment. According to International Diabetes Federation in 2019, around 463 million adults were living with diabetes which are increasing the market growth of U.S. clinical laboratory tests.
Technological Advancement
Advancement in technology and increasing geriatric population are some factor driving the growth of the market. Moreover, growing rate of insufficient exercise, consumption of unhealthy food, and the subsequent rise in cases of obesity which are contributing to the growth of U.S. Clinical Laboratory Tests Market.
U.S. Clinical Laboratory Tests Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the U.S. Clinical Laboratory Tests Market. U.S. Clinical Laboratory Tests top 10 companies are QIAGEN, Laboratory Corporation of America Holdings, Charles River Laboratories, Opko Health Inc., Sonic Healthcare USA, Alere Inc., Healthscope Ltd., Siemens Healthcare GmbH, Quest Diagnostics Incorporated, and Abbott.
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