Medical Laboratory Services Market Global Briefing 2017
Including: Clinical Laboratory Services, Medical Forensic Laboratory Services and DNA Testing Laboratory Services.
Covering: Alliance Imaging, Inc., American Shared Hospital Services, Array Biopharma Inc., Bio-Imaging Technologies, Inc., Bio-Reference Laboratories, Inc.
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Competitor Market Share Data
The competitor market share data is intended to represent the companies that gain the most revenues from the given market and the percentage share of the market that they hold. If a company derives most of its revenues from the market, its revenues are given in full. If a large part of the company's revenues come from other markets, only the division of the company which operates in this market is included. Where accurate information is not available on the revenues a company generates from the market its market share is not included, however a profile of the company may still be included if it is a significant competitor in the market.
Market value is defined as the revenues earned by organizations for products and services within the specified market. The break down by geography is revenue generated within the specific industry by organizations in the specified geography, irrespective of where they are produced.
Note on Currency Conversions
All currency conversions are done on the basis of 2015 exchange rates.
The Medical Laboratory Services industry comprises of establishments primarily engaged in testing of clinical specimens such as body fluids to obtain information about the health of a patient on referral from a health practitioner. The information obtained is used for the diagnosis, treatment and prevention of diseases. The services provided by this industry include blood analysis, pathological, bacteriological and forensic testing.
The largest geographic markets by consumption in the medical laboratory services market are Americas, Europe and Asia. Americas was the largest geographic market in the medical laboratory services market, accounting for 59% share of the global market. The Americas is the largest market because of high incidences of chronic diseases such as diabetes, liver disorders, cardiovascular diseases, large base of geriatric population and high awareness levels pertaining to diseases. Asia was the second largest geographic market, accounting for 17% of the global market. Europe was the third largest geographic market, accounting for 16.5% of the global market.
Lab Consolidation and Automation – Laboratories in developed economies are looking to optimize by investing in automatizing equipment to meet the demands of testing more efficiently. Automating labs increases cost efficiency and automated equipment is being introduced in core areas of diagnostics like microbiology and molecular diagnostics. For example, Aptio Automation System at NHS, Tayside processes 7000 tubes per day, a 20% increase in the workload of its main laboratory, without any additional staff.
- Table 1 : Global Medical Laboratory Services, Historic Market Size, 2012 – 2016
- Table 2 : Global Medical Laboratory Services, Forecast Market Size, 2016 –2020
- Table 3 : Global Substance Abuse Centers Market, Split By Region, 2016
- Table 4 : Global Medical Laboratory Services, Key Competitor Estimated Shares, 2016
- Figure 1 : Global Medical Laboratory Services, Historic Market Size, 2012 – 2016
- Figure 2 : Global Medical Laboratory Services, Forecast Market Size, 2016 –2020
- Figure 3 : Global Substance Abuse Centers Market, Split By Region, 2016
- Figure 4 : Global Medical Laboratory Services, Key Competitor Estimated Shares, 2016
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