Focus on Patient's Welfare Spurs Sales in Clinical Laboratory Services Market, Mounting Burden of Infectious Diseases Present Potential Revenue Streams: TMR

Focus on Patient's Welfare Spurs Sales in Clinical Laboratory Services Market, Mounting Burden of Infectious Diseases Present Potential Revenue Streams: TMR

PR Newswire

ALBANY, N.Y., July 12, 2021

- Thriving opportunities in medical tourism help clinical laboratory services market clock CAGR of 6.3% from 2019 to 2027

- Prevalence of chronic and infectious disease spells advanced in technologies for diagnostics, stringent regulations to guide laboratory test procedures can impede prospects

ALBANY, N.Y., July 12, 2021 /PRNewswire/ -  Physicians have been increasingly relying on clinical laboratory services to corroborate and confirm their diagnosis and prognosis. Over the years, clinical laboratory services have become an integral part of the healthcare systems. The size of the clinical laboratory services market has thus grown steadily. Thus, several economies around the world are putting greater emphasis on improving the lab infrastructure, with focus also on making clinical laboratory services quicker and effective. Subsequently, the use of high-quality clinical laboratory services has risen for various test types. However, stringent regulations have adversely impacted the growth dynamics of the market to an extent. A case in point is norms being developed by the U.S. FDA to regulate laboratory developed tests (LDTs)


Strides made in medical tourism and growing burden of chronic diseases are key accelerants for expansion for avenues for providers in the clinical laboratory services market. The global valuation is projected to clock CAGR of 6.3% from 2019 to 2027.

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Clinical Laboratory Services Market: Key Geographies with Promising Avenues

Clinical Laboratory Services Market: Key Participants

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