Kalorama: Enhanced IT Propels Clinical Laboratory Services Market

Oct 19, 2015, 09:27 ET from Kalorama Information

NEW YORK, Oct. 19, 2015 /PRNewswire/ -- Fueled by new computer software that allows laboratories to test in new ways, the $102 billion global market for clinical laboratory services is rapidly growing and evolving, according to Kalorama Information. New developments are being pursued in the areas of genomics and proteomics that will likely result in more advanced testing and a better understanding of diseases. The growing number of laboratories offering specialty testing is an indication of such advancements in the industry. The healthcare market researcher's report, Clinical Laboratory Services Market, provides an in-depth market overview, a total market analysis including routine and specialty testing, analysis by laboratory type, and a review of the latest trends driving growth in clinical laboratory services.

Clinical Laboratory Services Market can be found at Kalorama Information: http://www.kaloramainformation.com/redirect.asp?progid=87918&productid=9305161.

"Several new technologies have streamlined the clinical laboratory industry," said Bruce Carlson, Publisher of Kalorama Information. "Leading healthcare information technology companies now offer laboratory management software designed to easily manage the day-to-day activities that are performed by the laboratory staff."

For example, Cerner Corporation's Millennium PathNet General Laboratory Software has been implemented in several large national accounts — improving turnaround times and laboratory efficiency. Advanced software, wireless technologies, and growth in implementation have allowed for easy access to laboratory results, including remote access for physicians, billing staff, and patients.

In an evolving effort to more efficiently connect with patients and physicians, several clinical laboratories have developed electronic test result distribution. This is not a novel concept but it has been an area of focus for companies over the past few years, especially as new electronic technologies and the internet are used extensively. Companies in the industry have seen that efficiently communicating results with clients is an essential part of the job, and may be just as important as providing leading test menus in cutting-edge areas of lab testing.

Quest Diagnostics, in response to the smartphone app trend in health care, developed an app to allow patients to access their results via smartphone. This app also supports other health information, including storing various healthcare providers' names and contact information, immunization records and medical records, as well as storing vital health stats, along with the names and numbers of prescriptions, their dosages, and any allergies to foods or medications. All such data could prove invaluable in a health emergency. An important consideration in this and other new tech approaches is patient confidentiality. The connection to patient test results must be secure and granted only to the correct parties.

Clinical Laboratory Services Market provides key market data, including a U.S. clinical laboratory market and forecast, the markets for tissue pathology, the markets for routine chemistry testing, the markets for non-tissue molecular testing, the market for toxicology/drug abuse testing, statistics for hospital, physician and independent labs, and the major tests performed by clinical lab companies. Information is presented as a U.S.-focused market report, with general worldwide market data and a section on key international markets including European, Asian Pacific, and Latin American markets and forecasts. Historical data is provided for the years 2010 through 2014, with forecast data provided for 2016 through 2020.

The information for this report was gathered using both primary and secondary research including comprehensive research of secondary sources such as company literature, databases, investment reports, and medical and business journals. Telephone interviews and email correspondence were the primary method of gathering information. For the purpose of this study, Kalorama Information conducted interviews with more than 50 key industry officials, consultants, health care providers, and government personnel. These sources were the primary basis in gathering information specifically relating to revenue and market share data presented in this report. Additional interviews were completed with relevant company representatives including marketing directors, division managers, and product representatives.

For more information on Clinical Laboratory Services Market or to purchase the report visit: http://www.kaloramainformation.com/redirect.asp?progid=87918&productid=9305161.

About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.

We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.  

Bruce Carlson
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