Clinical Laboratory Services Market To Reach USD 179.9 Billion By 2026 | CAGR of 5.3% | Ball Corporation, TUBEX Holding GmbH, Exal Corporation
: New York, United States, 19-July-2020, (Via WiredRelease), (Reports and Data) – As per the report, the Global Clinical Laboratory Services Market is projected to grow at a rate of 5.3% in terms of value, from USD 126.25 Billion in 2019 to reach USD 190.69 Billion by 2027. Clinical laboratory services or medical laboratory services are a crucial part of the healthcare sector as maximum testing and diagnostics of various diseases is conducted in clinical laboratories. With the use of clinical laboratory services like blood tests and urine tests, people can get access to valuable information about various improvement areas in healthcare.
For exhaustive coverage of the market, the report segments the market into specialty, service providers, and leading companies. Based on specialty, the study segments the market into Clinical Chemistry Testing (sub-segmented into Therapeutic Drug Monitoring, Endocrinology Testing, Routine Chemistry Testing, Specialized Testing, and Others), Microbiology Testing (sub-segmented into Infectious Diseases Testing, Transplant Diagnostic Testing, and Others), Cytology Testing, Immunology Testing, Hematology Testing, Human and Tumor Genetic Testing, Drug Abuse Testing, and Other Esoteric Tests. Based on service providers, the study segments the market into Hospital-based Laboratories, Clinical-based Laboratories, Independent and Reference Laboratories, and Standalone Laboratories.
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
Key participants include
The Ardagh Group, Crown Holdings Inc., CPMC Holdings Ltd., Ball Corporation, TUBEX Holding GmbH, Exal Corporation, Arnest Group, Plastipak Holdings Inc., Nussbaum Matzingen AG, and Perfektup Ambalaj, among others.
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For the purpose of this report, Reports and Data have segmented into the global Clinical Laboratory Services market on the basis of type, propellants, application, and region:
By Specialty Outlook (Revenue in Million USD; 2016–2026)
Clinical Chemistry Testing
Therapeutic Drug Monitoring
Routine Chemistry Testing
Infectious Diseases Testing
Transplant Diagnostic Testing
Human and Tumor Genetic Testing
Drug Abuse Testing
Other Esoteric Tests
By Service Providers Outlook (Revenue in Million USD; 2016–2026)
Independent and Reference Laboratories
Regional Outlook (Revenue, USD Million; 2017-2027)
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Key aspects of the Clinical Laboratory Services Market Report:
The report comprises of Clinical Laboratory Services market overview, market share, demand and supply ratio, supply chain analysis, and import/export details.
The report explores different strategies and procedures undertaken by key market players that assist in making profitable decisions.
The report covers all the crucial information about the products and services of major competitors.
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