Clinical Laboratory Services Market By Reports And Data
                     Clinical 
Laboratory 
Services Market 
To Reach USD 
179.9 Billion By 
2026
              Markett  Summary
The rising global incidences of infectious diseases, increasing technological advancements and 
growing prevalence of chronic disorders are major factors expected to drive the market in the 
forecast period.
Market Size – USD 119.1 Billion in 2018, Market Growth - CAGR 5.3%, Market Trends– Various 
innovative devices and testing kits which provide accurate and reliable results are driving the 
market. 
According to the current analysis of Reports and Data, the Clinical Laboratory Services market was 
valued at USD 119.1 billion in 2018 and is expected to reach USD 179.9 billion by the year 2026, at a 
CAGR of 5.3%. Clinical laboratories provide diagnostics and testing about various diseases as well as 
provide high-quality testing in fields of cytology, hematology, genetics, and others. Therefore, the 
clinical laboratory service helps to deliver effective testing results, which in turn help the physicians 
and other healthcare professionals in research and diagnostics. The clinical laboratory services 
market is widely driven by increasing infectious diseases in the world. Early diagnosis and testing of 
such diseases are an important step to start any treatment for any disease. The emergence of new 
viruses causing severe life-threatening conditions for humans is also expected to be a driving factor 
for the market. The developing research and treatment options for such viruses contribute to 
development in healthcare.
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Further key findings from the report suggest
• Regionally, Europe occupied the largest share in the market. The high share could be attributed 
to the rising prevalence of chronic diseases and favorable reimbursement policies in the region
• Many research studies are being conducted to know the scope for development in the clinical 
laboratory services. For instance, the American journal of clinical pathology conducted a 
research to understand the developmental area for clinical laboratory services in southern 
Ethiopia
• Key market players are involved in various mergers and acquisitions to keep a strong presence in 
the market. For instance, in December 2017, Siemens Healthineers took over Fast track 
diagnostics which is a global infectious diagnostics supplier in Luxembourg. Moreover, Siemens 
Healthineers is further investing in other aspects such as precision medicine and better patient 
experience through solutions that eliminate the need for repeat diagnostic testing, reducing time 
and improving patient outcomes.
• Companies have also invested in assets to improve their services in the market. For instance, in 
December 2019, Quest Diagnostics purchased assets from Boston Clinical Laboratories which will 
be incurred in Quest’s laboratory. BCL’s patients and service providers now have access to 
Quest’s wider range of diagnostic services, a wider network of patient service centers, and 
access to innovative tools, such as the company’s Quanum suite of healthcare information 
technologies and data analytics.
              Markett  Summary
Key Players:   
Siemens AG, Quest Diagnostics, Inc., Mayo Medical Laboratories, Laboratory Corporation of America Holdings, 
DaVita Healthcare Partners, SYNLAB International, Unilabs, Sonic Healthcare, Cerba HealthCare, and Abbott 
Laboratories
Segmentation:
By Specialty Outlook (Revenue in Million USD; 2016–2026)
• Clinical Chemistry Testing
• Microbiology Testing
• Cytology Testing
• Immunology Testing
• Hematology Testing
• Human and Tumor Genetic Testing
• Drug Abuse Testing
• Other Esoteric Tests
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              Markett  Summary
By Service Providers Outlook (Revenue in Million USD; 2016–2026)
• Hospital-based Laboratories
• Clinical-based Laboratories
• Independent and Reference Laboratories
• Standalone Laboratories
Regional Outlook (Revenue in Million USD; 2016–2026)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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              The  reportt  emphasiizes  tthe  ffollllowiing  key  questtiions::
Q.1.What are the most lucrative and promising growth prospects for the market?
Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects 
come into play in this advancement?
Q.3.Which geographies are estimated to exhibit the highest growth and the underlying 
causes?
Q.4.Which factors are impacting the future of the market and what are the driving 
factors?
Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast 
period?
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