Market Overview:
The global clinical reference laboratory services market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing demand for diagnostic services, technological advancements in the field of diagnostics, and rising prevalence of chronic diseases. Based on type, the global clinical reference laboratory services market is segmented into clinical chemistry, genetics testing, microbiology & cytology, and other segments. Clinical chemistry accounted for the largest share of the global market in 2017 owing to its widespread use in diagnostics across clinics and hospitals. Based on application, clinics accounted for the largest share of the global market in 2017 owing to an increase in demand for diagnostic services from patients across all age groups.
Product Definition:
Clinical reference laboratory services are used to support the diagnosis and treatment of patients. The importance of these services is that they provide diagnostic information that can help physicians determine the best course of treatment for their patients.
Clinical Chemistry:
Clinical chemistry is the branch of clinical laboratory science that involves analysis of body fluids and solids, blood, urine, tissue & bone samples for diagnosis. The market for clinical chemistry is expected to grow at a lucrative rate during the forecast period due to factors such as increasing prevalence of chronic diseases leading to rising demand for rapid diagnostic methods. Moreover growing awareness about preventive care and early detection methods are other growth drivers in this market.
Genetics Testing:
Genetics testing is used by Clinical Reference Laboratory (CRL) services to determine the likely hood of an individual to contract a particular disease or condition. The tests are performed on blood, urine, hair, and skin cells or tissue for detecting variations in DNA sequence.
The global genetics testing market was valued at over USD 2 billion in 2014.
Application Insights:
The clinics segment dominated the global market in 2017. This can be attributed to factors such as increasing demand for low-cost diagnostic tests by patients and healthcare providers, technological advancements that have led to an increase in the number of laboratories offering point-of-care testing, and growing awareness among individuals regarding access to reliable laboratory services.
Hospitals are expected to register the fastest CAGR over the forecast period owing to factors such as an increase in patient admissions due to a rise in chronic diseases like cancer, cardiovascular diseases, respiratory problems and diabetes mellitus which require frequent monitoring & testing at hospitals. Furthermore, rising investments by governments across various countries towards building state of art hospitals with advanced diagnostics capabilities is also expected fuel growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of CRLS that provide reference services for both clinical and research applications, well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region as compared to other regions. The Asia Pacific is expected to witness lucrative growth during the forecast period owing to increasing demand for cost-effective & quality diagnostic services from a large population base across various countries such as China, India, Singapore and Japan.
The Latin American CRLS are expected to experience rapid growth over the next few years due to factors such as economic development; improvement in health care facilities; increase medical tourism along with rising investments by international companies looking at potential opportunities offered by this region which has resulted into growing demand for these services.
Growth Factors:
- Increasing incidence of lifestyle diseases and growing awareness about preventive healthcare are the key growth drivers for Clinical Reference Laboratory Services market.
- Rising demand for personalized medicine and increasing use of laboratory services for diagnosis are also fuelling the growth of this market.
- Technological advancements in diagnostic equipment and increasing focus on precision medicine are also propelling the growth of Clinical Reference Laboratory Services market.
- Growing demand from emerging markets, especially in Asia Pacific, is another major factor driving the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Clinical Reference Laboratory Services Market Research Report
By Type
Clinical Chemistry, Genetics Testing, Microbiology & Cytology, Other
By Application
Clinics, Hospitals, Independent Laboratory
By Companies
Laboratory Corporation of America, Quest Diagnostics, Sonic Healthcare, SYNLAB International, OPKO Health, LifeLabs, Acibadem Labmed Laboratory, Kingmed, ACM Medical Laboratory, Clinical Reference Laboratory, DIAN Diagnose, Exact Sciences, Eurofins, Enzo Biochem, Adicon Clinical Laboratories, Lal PathLabs, BML, American Pathology Partners
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Clinical Reference Laboratory Services Market Report Segments:
The global Clinical Reference Laboratory Services market is segmented on the basis of:
Types
Clinical Chemistry, Genetics Testing, Microbiology & Cytology, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinics, Hospitals, Independent Laboratory
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Laboratory Corporation of America
- Quest Diagnostics
- Sonic Healthcare
- SYNLAB International
- OPKO Health
- LifeLabs
- Acibadem Labmed Laboratory
- Kingmed
- ACM Medical Laboratory
- Clinical Reference Laboratory
- DIAN Diagnose
- Exact Sciences
- Eurofins
- Enzo Biochem
- Adicon Clinical Laboratories
- Lal PathLabs
- BML
- American Pathology Partners
Highlights of The Clinical Reference Laboratory Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Clinical Chemistry
- Genetics Testing
- Microbiology & Cytology
- Other
- By Application:
- Clinics
- Hospitals
- Independent Laboratory
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Clinical Reference Laboratory Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Clinical Reference Laboratory Services (CRLS) is a national not-for-profit organization that provides laboratory testing and interpretation services to healthcare providers. CRLS offers a variety of laboratory tests, including blood tests, immunoassays, chemistries, and genetic analyses. The organization also provides consultation and training to healthcare providers on how to use the results of these tests in their diagnoses and treatments.
Some of the key players operating in the clinical reference laboratory services market are Laboratory Corporation of America, Quest Diagnostics, Sonic Healthcare, SYNLAB International, OPKO Health, LifeLabs, Acibadem Labmed Laboratory, Kingmed, ACM Medical Laboratory, Clinical Reference Laboratory, DIAN Diagnose, Exact Sciences, Eurofins, Enzo Biochem, Adicon Clinical Laboratories, Lal PathLabs, BML, American Pathology Partners.
The clinical reference laboratory services market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Clinical Reference Laboratory Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Clinical Reference Laboratory Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Clinical Reference Laboratory Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Clinical Reference Laboratory Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Clinical Reference Laboratory Services Market Size & Forecast, 2020-2028
4.5.1 Clinical Reference Laboratory Services Market Size and Y-o-Y Growth
4.5.2 Clinical Reference Laboratory Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Clinical Chemistry
5.2.2 Genetics Testing
5.2.3 Microbiology & Cytology
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Clinics
6.2.2 Hospitals
6.2.3 Independent Laboratory
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Clinical Reference Laboratory Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Clinical Reference Laboratory Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Clinical Chemistry
9.6.2 Genetics Testing
9.6.3 Microbiology & Cytology
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Clinics
9.10.2 Hospitals
9.10.3 Independent Laboratory
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Clinical Chemistry
10.6.2 Genetics Testing
10.6.3 Microbiology & Cytology
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Clinics
10.10.2 Hospitals
10.10.3 Independent Laboratory
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Clinical Chemistry
11.6.2 Genetics Testing
11.6.3 Microbiology & Cytology
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Clinics
11.10.2 Hospitals
11.10.3 Independent Laboratory
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Clinical Chemistry
12.6.2 Genetics Testing
12.6.3 Microbiology & Cytology
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Clinics
12.10.2 Hospitals
12.10.3 Independent Laboratory
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Clinical Chemistry
13.6.2 Genetics Testing
13.6.3 Microbiology & Cytology
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Clinics
13.10.2 Hospitals
13.10.3 Independent Laboratory
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Clinical Reference Laboratory Services Market: Competitive Dashboard
14.2 Global Clinical Reference Laboratory Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Laboratory Corporation of America
14.3.2 Quest Diagnostics
14.3.3 Sonic Healthcare
14.3.4 SYNLAB International
14.3.5 OPKO Health
14.3.6 LifeLabs
14.3.7 Acibadem Labmed Laboratory
14.3.8 Kingmed
14.3.9 ACM Medical Laboratory
14.3.10 Clinical Reference Laboratory
14.3.11 DIAN Diagnose
14.3.12 Exact Sciences
14.3.13 Eurofins
14.3.14 Enzo Biochem
14.3.15 Adicon Clinical Laboratories
14.3.16 Lal PathLabs
14.3.17 BML
14.3.18 American Pathology Partners
