Clinical Laboratory Test Market Review
International clinical laboratory test market is projected to grow at a CAGR of 6.5 percent. Through the process, it is expected to reach 324508.8 million by the year 2022. Clinical laboratory testing has appeared as one of the fast-expanding segments in the healthcare in past few years. The clinical laboratory testing comprises of a whole range of check-up and different pathological tests to diagnose different diseases those vary from CBC and regular blood tests, testing related to pathology, etc., regarding the diagnosis.
CBC and the other regular blood tests are the most frequently done tests meant to address disorders that lead to growing or declining cell counts. These tests assist in diagnosing a huge variety of states ranging from anemia and hypersensitivities. Growing occurrence of diseases and increasing awareness and focus on health aspects all across the world are the fundamental factors behind the growing number of fundamental check-ups and entire clinical laboratory testing market. Also, greater scope from government makes things even more encouraging, especially in establishing laboratory testing.
Growing age is also one of the prime reasons behind greater prospects. With more than 617 million people, which accounts for around 8.5 percent of global population of more than 65, the prospect looks encouraging. Interestingly, this percentage is expected to grow around 17 percent in upcoming years, up to 2050. All these certainly show a great prospect of a growing number of laboratories. With advancing laboratory setup, the market is expected to grow even more significantly in forthcoming years.
Clinical Laboratory Test Market Segmentation
International clinical laboratory test market can be segmented based on types of laboratories, various kinds of tests conducted, and in terms of region. Based on laboratory type, the international clinical laboratory test market can be segmented in terms of laboratories based on hospitals, independent laboratories, and laboratories based on office of laboratories. In terms of test types, international clinical laboratory market can be segmented into complete blood count (CBC), HGB/HCT tests, basic metabolic panel (BMP), comprehensive metabolic panel tests, BUN creatinine tests, renal panel tests, HbA1c tests, electrolytes testing, liver panel tests, and lipid panel tests.
Global Clinical Laboratory Test Market, by Types of Laboratories
- Hospital-Based laboratories
- Central/Independent Laboratories
- Physician Office-Based Laboratories
Global Clinical Laboratory Test Market, by Types of Test
- Complete Blood Count (CBC)
- Basic Metabolic Panel (BMP)
- HbA1c Tests
- HGB/HCT Tests
- Comprehensive Metabolic Panel Tests
- BUN Creatinine Tests
- Renal Panel Tests
- Electrolytes Testing
- Liver Panel Tests
- Lipid Panel Tests
Global Clinical Laboratory Test Market, by Application
Clinical Laboratory Test Market Regional Analysis
Regionally, global clinical laboratory market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa. It is considered the most significant in developed nations like US, India, UK, and Spain. Growing facilities of research and development make the prospects most encouraging in Asia Pacific. To be specific, India and China show great scope through advancing laboratory facilities. Indian market looks equally significant as well. Advanced laboratory facilities make these markets enchanting here. Japan and China show equally significant prospects in forthcoming years. North America comes next with US being a leading player. Coming to European domain, Spain and UK are the major contributors.
Latest reports on global clinical laboratory market suggest a boost in market prospects in developing nations like US, India, and Spain. Asia Pacific is touted to be the most prominent part of this segment. This market is expected to grow at a CAGR of 6.5 percent by the review period of 2022.
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