Clinical Laboratory Test Market Highlight

The Clinical Laboratory Test market is growing mainly due to growing awareness and rising adoption of anti-inflammatory drugs. According to a recent study report published by the Market Research Future, the Clinical Laboratory Test market is booming and expected to gain prominence over the forecast period. The clinical laboratory test market size was valued at USD 210.2 billion in 2021 and is projected to grow from USD 224.7 Billion in 2022 to USD 382.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.3% during the forecast period (2022 - 2032).

Clinical laboratory test market has emerged as the most growing segment of healthcare over the past few years. Clinical laboratory testing includes all routine check-ups and other pathology tests for the diagnosis of various diseases ranging from CBC and other routine blood test, anatomical pathological testing, molecular, immunological, drug testing and other tests for disease diagnosis and treatment. CBC and other routine blood tests are the most common type of tests that screens for certain disorders leading for increase or decrease of cell counts. These test help to diagnose a broad range of conditions from anaemia and infections to cancer.

Regional Analysis of Clinical Laboratory test Market:

North America is the largest clinical laboratory test market share holder accounting for 44.6% and is expected to generate a CAGR growth of 6.2%. U.S. is expected to be the prime market share holder of North America clinical Analyzers market generating an anticipated CAGR growth of 5.8%. Large number of laboratories and growing volume of clinical testing procedures are the prime reasons for the dominance of the U.S. Canada, is expected to be the fastest market in the North American region with an expected CAGR growth of 6.3%.

Europe is expected to be the second largest market for clinical laboratory test and is expected to generate a CAGR growth of 6.6%. Europe region is expected to be dominated by Germany owing to its highly developed medical device companies. Germany is expected to be followed by France and the U.K.

Asia-pacific region is expected to be the fastest growing market, with a growth rate of 6.5% to 7% on account of growing awareness, strengthening government support and growing healthcare infrastructure.

Segments of Clinical Laboratory test Market:

The Clinical Laboratory Test market has been segmented into Laboratory type and Laboratory tests.

Laboratory type - hospital based laboratories, central/independent laboratories, physician office laboratory (pol) and others. The market segmented by laboratory type is dominated by the hospital-based laboratories.

Laboratory tests - Complete Blood Count (CBC) and other routine blood tests, anatomic pathology, molecular tests, immunology tests, drug testing and others.

On the basis of laboratory tests, CBC and other routine blood tests are expected to hold the largest market share.

Clinical Laboratory Test Market Players

The Clinical Laboratory Test market research players are Laboratory Corporation of America, LifeLabs Medical Laboratories, Sonic Healthcare, Aurora Diagnostics, Quest Diagnostics, and others.

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