Clinical laboratory services are expected to rise as the demand for early disease diagnosis and technically advanced healthcare services grows. Clinical laboratory services produce and ensure reliable test findings, allowing physicians to make reliable diagnostic and treatment decisions using a range of healthcare resources.
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Likewise, throughout the projected period, rapid technology improvements to improve productivity and lower costs are expected to increase the market for clinical laboratory services. Furthermore, the market for clinical laboratory services is likely to be driven by the growing usage of at-home diagnostic procedures to detect disorders and monitor health conditions on a daily basis. Clinical laboratory services are becoming increasingly popular as a result of advantages such as fewer physician visits and shorter hospital stays. Limited reimbursements, a scarcity of technicians, and strict government restrictions, on the other hand, hinder the market’s expansion.
Global Clinical Laboratory Services Market Segmentation
1) By Test Type: Clinical Chemistry, Medical Cytology & Microbiology, Human & Tumor Genetics
2) Service Provider: Hospitals Based, Standalone Laboratories, Clinical Laboratories
3) Application: Gene Therapy, Toxicological Study, Drug Discovery and Development, Pre-clinical & Clinical Trial Services, Others
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Some of the major key players in the clinical laboratory services market are Genomic Health, Inc. (U.S.), Myriad Genetics, Inc. (U.S.), Quest Diagnostics, Inc. (U.S.), NeoGenomics, Inc. (U.S.), Siemens Healthineers (Siemens AG) (Germany), Spectra Laboratories (Fresenius Medical) (Germany), SYNLAB Group (Germany), and Sonic Healthcare Limited (Australia).
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