Clinical Laboratory Tests Indutry 2015 Global Share and Size, Trends and Price, Budiness Overview and Forecast

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Clinical Laboratory Tests Industry 2015 Market Share, Size,

Industry Profile, Market Prize, Forecast and Overview

The global market for clinical laboratory is expected to reach USD 148.82 billion by 2020, growing at an

estimated CAGR of 6.8% from 2014 to 2020. Growing prevalence of chronic diseases and the

development of novel laboratory testing methodologies is expected to drive the clinical laboratory tests

market through to 2020. Due to the fact that results from clinical laboratory tests are the fundamental

basis upon which medical practitioners and healthcare providers form their diagnosis and prognosis for

the prevention and treatment for a range of diseases, clinical laboratory tests are critical to the global

healthcare and medical fraternity.

A growing global prevalence of medical conditions such as diabetes, obesity and other metabolic

abnormalities coupled with increasing patient awareness levels is expected to boost market growth

during the forecast period.

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Further key findings from the study suggest:

Basic metabolic tests dominated the market in terms of market share in 2013 due to the fact that these

are a panel of seven to eight tests which form the routine list of tests prescribed for almost all medical

examinations.

Growing prevalence of body weight and metabolism related abnormalities and increasing disease

causing lifestyle habits promoting abnormal cholesterol level related conditions are expected to help the

complete lipid panels market grow at a lucrative rate...