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Date Submitted: 08/31/2015 05:30 AM
Hexa Reports
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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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Hexa Reports
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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...