Global Clinical Reference Laboratory Services Market by Service, End-user, Application, and Geography - Forecast to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Clinical Reference Laboratory Services Market by Service, End-users, Application, and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The clinical reference laboratory services market analysis considers sales clinical chemistry, human and tumor genetics, medical biology and cytology, and esoteric tests. The analysis also considers the sales of clinical reference laboratory services in Asia, Europe, North America, and RoW.

In 2018, the clinical chemistry segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as shortage of skilled workforce will play a significant role in the clinical chemistry segment to maintain its market position.

Also, the global clinical reference laboratory services market report looks at factors such as the increasing prevalence of the chronic and infectious disease, increased outsourcing of testing services to reference laboratories, and increasing access to online test services. However, uncertainties in stringent regulations and privacy concerns related to IT in laboratory infrastructure may hamper the growth of the clinical reference laboratory services industry over the forecast period.

Increasing outsourcing of testing services to reference laboratories

Hospitals are facing the pressure of maintaining a low cost of laboratory operations. This has increased the outsourcing of laboratory operations to reference laboratories. Outsourcing helps lower the costs involved in hiring sophisticated and costly instruments and skilled expertise. It increases the efficiency of healthcare practitioners to focus on offering quality care to the patients. This will lead to the expansion of the global clinical reference laboratory services market at a CAGR of over 6% during the forecast period.

Increasing integration of EMRs with LIS

Electronic medical record (EMR) systems have gained significant applications in the healthcare sector due to their benefits, such as real-time patient data collection and easy accessibility to them for future reference. Hospitals and clinics have started integrating EMR systems with laboratory information systems (LISs) to help end-users improve the process of online laboratory test ordering and access to report results. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global clinical reference laboratory services market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading clinical reference laboratory services manufacturers, that include:

  • Genomic Health Inc.
  • Laboratory Corp. of America Holdings
  • OPKO Health Inc.
  • Quest Diagnostics Inc.
  • SYNLAB Bondco PLC

Also, the clinical reference laboratory services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Key Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY SERVICE

PART 07: MARKET SEGMENTATION BY END-USER

PART 08: MARKET SEGMENTATION BY APPLICATION

  • Comparison by application
  • Clinical chemistry - Market size and forecast 2018-2023
  • Human and tumor genetics - Market size and forecast 2018-2023
  • Medical microbiology and cytology - Market size and forecast 2018-2023
  • Other esoteric tests - Market size and forecast 2018-2023
  • Market opportunity by application

PART 09: CUSTOMER LANDSCAPE

PART 10: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

  • Increasing partnerships between reference laboratories and risk management service providers
  • Increasing integration of EMRs with LIS
  • Increasing adoption of inorganic growth strategies

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Genomic Health Inc.
  • Laboratory Corp. of America Holdings
  • OPKO Health Inc.
  • Quest Diagnostics Inc.
  • SYNLAB Bondco PLC

For more information about this report visit https://www.researchandmarkets.com/r/jmah8g

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900