The Business Research Company’s latest report Medical And Diagnostic Laboratory Services Global Market Report 2020 covers Medical And Diagnostic Laboratory Services market drivers, Medical And Diagnostic Laboratory Services market trends, Medical And Diagnostic Laboratory Services market segments, Medical And Diagnostic Laboratory Services market growth rate, Medical And Diagnostic Laboratory Services market major players, and Medical And Diagnostic Laboratory Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Medical And Diagnostic Laboratory Services industry, along with revised market numbers due to the effects of the coronavirus.
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Medical And Diagnostic Laboratory Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global medical and diagnostic laboratory services market is expected to decline from $126.4 billion in 2019 to $108.8 billion in 2020 at a compound annual growth rate (CAGR) of -14%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The decline is mainly because the governments across the countries prioritized COVID-19 screening, and imaging is not routinely used to screen for COVID-19. COVID-19 is mainly through molecular and RT-PCR based tests. Most of the medical and diagnostic laboratories are currently shutdown, and a few top facilities are asked to reschedule any nonurgent, outpatient imaging visits as necessary to help keep patients and staff safe. Additionally, due to extending lockdown, there are many cancellations of pre-scheduled patient visits. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $170.3 billion in 2023.
The report covers the Medical And Diagnostic Laboratory Services market’s segments-
1) By Type: Medical Laboratory Services, Diagnostic Imaging Centers.
2) By Application: Into Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others.
3) By Type Of Expenditure: Public, Private.
Subsegments covered are computed tomography (CT-scan) centers, medical radiological laboratories, dental or medical x-ray laboratories, ultrasound imaging centers, magnetic resonance imaging (MRI) centers.
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