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Clinical Laboratory Services Market Surprising Growth due to Covid 19 include Major Players DaVita Inc., Eurofins Scientific, UNILABS, SYNLAB International GmbH, MIRACA HOLDINGS Inc., Sonic Healthcare

This Clinical Laboratory Services Market research report offers an array of insights about industry and business solutions that will support to stay ahead of the competition. A systematic investment analysis is also underlined in this report which forecasts impending opportunities for the market players. The market report is an outcome of persistent and numerous efforts lead by knowledgeable forecasters, innovative analysts and brilliant researchers who carry out detailed and diligent research on different markets, trends and emerging opportunities in the consecutive direction for the business needs

According to Data Bridge Market Research the market for clinical laboratory services in North America region has the highest market share followed by Europe and Asia-Pacific. The market leader Siemens Healthineers AG accounts an estimated market share of approximately 5% to 10%. The sales revenue of Siemens Healthineers AG has increased by 2.68% to generate sales revenue of USD 16,279.03 million 2019 as compared to 2018. According to Data Bridge Market Research the market for clinical laboratory services in North America region has the highest market share followed by Europe and Asia-Pacific. The market leader Siemens Healthineers AG accounts an estimated market share of approximately 40% of market share in the Americas. Siemens Healthineers AG is a worldwide leading provider of healthcare solutions and services, in more than 180 countries all over the world and additionally the company is continuously involved in the innovation its portfolio of diagnostic and therapeutic imaging and in laboratory diagnostics and molecular medicine products and services. The clinical laboratory services revenue of Siemens Healthineers AG has increased by 4%. Siemens Healthineers is also involved in development of its digital health services and enterprise services.

Clinical Laboratory Services Market has shown an exceptional specialty in the clinical testing such as clinical chemistry testing, clinical chemistry testing and microbiology testing in countries such as the U.S., U.K. Although less number of skilled and certified professionals are present in the market.

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Trends impacting the market

Now the question is which other regions Siemens Healthineers AG and Spectra Laboratories (Subsidiary of Fresenius Medical Care AG & CO. KGAA) are targeting? Data Bridge Market Research has forecasted a large growth in Europe clinical laboratory Services market and the market leaders targeting other European counties to be their next revenue pockets for 2019.

The clinical laboratory Services market is becoming more competitive every year with companies like Siemens Healthineers AG and Spectra Laboratories (Subsidiary of Fresenius Medical Care AG & CO. KGAA) are the market leaders for clinical laboratory services. The Data bridge market research new reports highlight the major growth factors and opportunities in the clinical laboratory services market.

New Clinical Laboratory Services Market Developments in 2019

  • In September 2019, Spectra Laboratories announced to construct a 200,000 square foot facility in Southaven’s Stateline Business Park. More than 300 workers would check samples to assess the quality of the patients ‘ kidneys there. Quick distribution of test results by the agency, allowing patients to access the specific care they need in a timely manner. This expansion increases the productivity of the company which increases their market share.
  • In September 2018, DaVita Kidney Care, a subsidiary of DaVita Inc., a leading provider of kidney care services, announced the completion of a 150,000 square-foot facility of DaVita Laboratories, a clinical laboratory servicing the DaVita dialysis clinics and their clients. This expansion will increase the market value of the company. In July 2018, Capricor Therapeutics has formed collaboration with the U.S. Army Institute of Surgical Research (USAISR) to discover potential for CAP-2003 (exosomes) in order to address trauma-related conditions and injuries. The collaboration will help to test CAP-2003 as a tool for preservation of life.

Scope of the Clinical Laboratory Services Market

Global Clinical Laboratory Services Market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Brazil, South Africa among others.

All country based analysis of the clinical laboratory services market is further analyzed based on maximum granularity into further segmentation. On the basis of specialty, the market is segmented into clinical chemistry testing, microbiology testing, hematology testing, immunology testing, cytology testing, genetic testing and drugs of abuse testing. Based on provider, the market is segmented into independent & reference laboratories, hospital-based laboratories, nursing and physician office-based laboratories. On the basis of application, the market is segmented into drug discovery related services, drug development related services, bioanalytical & lab chemistry services, toxicology testing services, cell & gene therapy related services, preclinical & clinical trial related services and other clinical laboratory services.

Key Pointers Covered in the Clinical Laboratory Services Market Industry Trends and Forecast to 2027

  • Clinical Laboratory Services Market Size
  • Clinical Laboratory Services Regulatory Scenario
  • Clinical Laboratory Services Market Shares in different regions
  • Clinical Laboratory Services Recent Developments for Market Competitors
  • Clinical Laboratory Services Recent market value for different regions
  • Clinical Laboratory Services key vendors and disruptors study

Key Market Competitors Covered in the report

  • Mayo Foundation for Medical Education and Research (MFMER)
  • Laboratory Corporation of America Holding
  • Quest Diagnostics Incorporated
  • Spectra Laboratories (A Subsidiary of Fresenius Medical Care AG & Co. KGaA)
  • DaVita Inc.
  • Eurofins Scientific
  • SYNLAB International GmbH
  • Sonic Healthcare
  • ACM Global Laboratories
  • amedes Group
  • LifeLabs
  • Alere (A Subsidiary of Abbott)
  • Charles River
  • Siemens Healthineers AG
  • BioReference Laboratories, Inc.
  • NeoGenomics Laboratories, Inc.
  • KingMed Diagnostics
  • Genomic Health

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Research Methodology: Global Clinical Laboratory Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Insights of the Market in Report

1. The study provides an in-depth analysis of the Clinical Laboratory Services Market along with the current trends and future estimations to elucidate the imminent investment pockets.
2. Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
3. Comprehensive quantitative analysis of the industry is provided for the period of 2018-2025 to assist stakeholders to capitalize on the prevailing market opportunities.
4. Extensive analysis of the key segments of the industry helps in understanding the trends in types of Clinical Laboratory Services Market across Glob.
5. Key market players and their strategies have been provided to understand the competitive outlook of the Clinical Laboratory Services Market industry

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Last Updated: 03-Sep-2020