Market Industry Reports (MIR) has published a new report titled “Clinical Laboratory Services Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Global Clinical Laboratory Services Market accounted for over US$ 218 billion in 2019. It is anticipated to grow at a CAGR of 6.4% from 2019 to 2030.
The market growth of clinical laboratory services can be attributed to factors, such as advancements in clinical testing techniques, growing geriatric population, new diseases demanding accurate & early diagnosis, and growing prevalence of target diseases. In 2019, Quest Diagnostics presented data for its HDL cholesterol function lab test that provides insights into cardiovascular disease risks at the American Heart Association Scientific Sessions. This could help people to avoid adverse outcomes through early detection and preventive care. These are some of the factors that will drive market growth during the forecast period.
Some of the prominent players in the global clinical laboratory services market include:
Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, DaVita Inc., Eurofins Scientific, Fresenius Medical Care AG & Co. KGaA, Mayo Foundation for Medical Education and Research, Sonic Healthcare, BioReference Laboratories, Inc., Laboratoire Cerba, ACM Global Laboratories, and others.
Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, DaVita Inc., Eurofins Scientific, Fresenius Medical Care AG & Co. KGaA, Mayo Foundation for Medical Education and Research, Sonic Healthcare, BioReference Laboratories, Inc., Laboratoire Cerba, ACM Global Laboratories, and others.
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