Global and US Clinical Laboratory Services Market Report Research 2023: A Definitive Resource for IVD Manufacturers as Well as Laboratory Businesses

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Jun 27, 2023, 05:45 ET

DUBLIN, June 27, 2023 /PRNewswire/ -- The "Clinical Laboratory Services Market, 8th Edition" report has been added to ResearchAndMarkets.com's offering.

Clinical Laboratory Services Market, 8th Edition provides an overview of the clinical laboratory industry and the trends driving growth.

Included in the report are statistics influencing the industry, the incidence of diseases in the U.S. and worldwide demographics, life expectancy, and company strategies.

What's the size of the service market for clinical testing? What type of tests are selling? Where is this market going next five years? Which companies will earn those revenues? Where is the growth coming from? How will LDT regulation affect the market? What are companies planning with COVID-19 largely endemic?

These questions and more are answered in this Clinical Laboratory Services report. laboratories are the workhorse of diagnostic services for the IVD market. These laboratories play a vital role in providing analysis of a wide range of disorders and diseases including pathology, immunology, cholesterol testing, allergy testing, urinalysis, genetic testing, and many more.

The clinical lab test is competitive in hospitals, reference laboratories, and physician office labs and clinics. This report covers all of these markets.

Also included is a competitive analysis of leading clinical laboratory providers.

All market data pertains to the world market at the manufacturers' level. The base year for data is 2021. Historical data is provided for the years 2011 through 2020, with forecast data provided for 2022 through 2026.

Compound annual growth rates (CAGRs) are provided for the 2021-2026 periods for each segment covered. A U.S. competitive analysis is provided for the year 2021. The forecasted market analysis through 2026 was largely based on demographic trends, disease trends, new developments, company performance trends, mergers and acquisitions, and national expansion.

A Resource for IVD Manufacturers as Well as Laboratory Businesses.

Many of the publisher's IVD manufacturer customers have found this annual review of the clinical labs market essential. Clinical laboratories are the workhorse of diagnostic services for the IVD market. These laboratories play a vital role in providing analysis of a wide range of disorders and diseases including pathology, immunology, cholesterol testing, allergy testing, urinalysis, genetic testing, and many more. Clinical laboratories are an essential part of the health industry.

It is estimated that between 70% - 80% of physicians' diagnoses are a result of laboratory tests.

In addition to diagnosing patients, clinical lab testing is performed to evaluate disease progression, monitor drug treatment and conditions, determine individual therapy, and several other reasons. In oncology indications, clinical laboratory services are involved in 100% of patient care plans. Hospital and independent laboratories were the two listed types of laboratories for several years with hospitals accounting for approximately 90% of laboratory facilities.

Today, there is a shift in healthcare utilization primarily due to reducing healthcare spending, which makes the laboratory an even more valuable part of the treatment plan. In efforts to reduce health-related costs, hospitals have been striving to reduce the length of stays.

Although stays in U.S. hospitals were thought to have declined to about 4.3 days on average there has been some indication of an increase among some demographics in recent years. In recent years, the average length of hospital stay has been estimated at around 4.7 days.

To continue to try and keep stays at a minimum and ultimately reduce cost, monitoring technologies, diagnostic imaging and laboratory measures, and disease/treatment monitoring through diagnostic laboratory practices are primary ways physicians and administrators are continuing to meet optimal healthcare outcomes while also reducing costs.

Knowing the Clinical Lab Market, with the Aid of an Independent Resource, is Essential to Knowing the IVD Business.

Global markets are also feeling pressure to reduce health spending. The length of stay on a global level is estimated at 6.6 days on average with Russia and Japan among the higher days of hospitalization.

The publisher expects to see a consolidation in the number of clinical laboratories, particularly in the independent and community sectors, as these trends continue to influence the industry and add pressure on smaller clinical laboratories to reduce costs and still provide adequate healthcare.

Key Topics Covered:

Chapter One: Executive Summary

Industry at a Glance
Scope and Methodology
Global Market Overview
Key Issues and Trends Affecting the Market
Leading Market Participants

Chapter Two: Industry Overview

Clinical Laboratory Description
Number of Laboratory Health Workers by Country
The Largest Clinical Laboratory Market: The United States
Structure and Regulation in the U.S.
Laboratory Developed Test Regulations
Payers and Reimbursement
Laboratory Service Payer Types
Trends in Medicare Reimbursement
Health Care Reform
Protecting Access to Medicare Act (PAMA) of 2014
Advanced Laboratory Tests (ADLT)
Bundled Insurance Payments for ESRD Patients
Commercial Insurance Providers
Transparency in Pricing
Direct-to-Consumer Testing
DTC in Genetic Testing
Expanding Cancer Test Utilization and Technologies
Labcorp and QIAGEN Launch new Companion Diagnostic for Metastatic Breast Cancer Therapy
Labcorp Launches New Test for NSCLC
Labcorp Offers First FDA Test for Monitoring Residual Blood Cancer Cells
Labcorp Launches New Test for Skin Cancer
Quest Diagnostics Attention to Oncology
Quest Collaborates with GRAIL on Oncology
Quest Releases Companion Diagnostic
Quest Offers Biocept's Liquid Biopsy Test for Lung Cancer
Quest Acquires Haystack Oncology
The Role of Information Technology
Industry Drivers
Global Demographics
Chronic Diseases and Conditions
Economic Performance

Chapter Three: Testing Services by Specialty

Test and Services Overview
Clinical Chemistry - Routine and Essential Testing
Routine Clinical Chemistry
Cholesterol Level Testing
Urinalysis
Hematology
Coagulation
Endocrinology
Immunology and Microbiology
Allergy and Food Intolerance
Tumor Markers
Cardiac Markers
HIV Testing
Cytology and Histology Testing
Genetic Testing
Toxicology Testing
COVID-19 Virus Testing

Chapter Four: Global Clinical Laboratory Market by Provider Group

Clinical Laboratory Market: Provider Overview
Hospitals and Acute Care Providers
Physicians and Outpatient Care Providers
Physician Offices
Global Nursing Establishments and Assisted Living Facilities
Global Dialysis Clinics
Independent Laboratory Providers

Chapter Five: North America Market

Overview
United States
U.S. Market by Test Type
U.S. Market by Laboratory Provider Type
U.S. Clinical Laboratory Industry Structure
Figure 5-9: Change in CLIA Registered Laboratories by Type of Facility, Highest and Lowest Growth Segments, % Change, Compounded Annually 2019-2023
Independent Clinical Laboratories
Hospital-based Laboratories
Physician-office and Clinic Laboratories
Nursing Facility and Home Health
Pharmacy-based Laboratories
Dialysis Clinics
Canada

Chapter Six: EMEA Market

Overview
Germany
France
Italy
Spain
United Kingdom
Switzerland

Chapter Seven: Asia Pacific Market

Overview
Japan Clinical Laboratory Industry Structure
China
China Clinical Laboratory Industry Structure
India
South Korea
Australia

Chapter Eight: Latin America Market

Overview
Brazil
Mexico

Chapter Nine: Leading Market Participants

Global Competitor Summary
U.S. Competitive Analysis
Select Company Profiles
Quest Diagnostics, Inc.
Company Overview
Performance Review
Key Acquisitions, Alliances, and Partnerships
Products and Services
Laboratory Corporation of America
Exact Sciences Corp.
Sonic Healthcare Limited
BioReference Laboratories - An OPKO Health Subsidiary
Myriad Genetics, Inc.
SYNLAB International GmbH (SYNLAB Bondco PLC)
Eurofins Scientific SE
H.U. Group Holdings
Siemens Healthineers
Unilabs
Medicover AB

Chapter Ten: Market Trends and Summary

Global Market Overview
Regional Overview
Population growth
Aging populations
Increasing disease burden
Economic growth in developing regions
Stabilizing economies in developed regions
Pricing pressures
Focusing on Efficient health systems
Overall growth in demand for healthcare services
COVID-19
Multiplex Testing
AI and Machine Learning Laboratory Trends
Molecular Testing and Other Advanced Testing Will Open New Avenues
Digital Pathology Trends

For more information about this report visit https://www.researchandmarkets.com/r/vqjca4

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