Albany, NY, July 16, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research announces the release of a new market research report on the global market for clinical laboratory services. The report provides an executive-level overview of the market and equips market players with crucial information about the market. It employs various reliable analytical tools to present a comprehensive examination of the market. Results of the Porter's Five Forces Analysis present the dynamics between the supplier and the buyer, and established and new market players; impact analysis presents a precise analysis of the effect influential factors will have on the growth of the market; and market attractiveness analysis provides insightful information to potential investors.
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The report, compiled by experienced industry experts, is titled 'Clinical Laboratory Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019'. According to the comprehensive analysis presented in the report, the global clinical services market is expected to grow at a CAGR of 5.8% upon its 2012 valuation of US$162.71 billion to reach a value of US$241.37 billion in 2019.The report divides the global clinical laboratory services market according to test type, service provider, and geography. Each of the segmentations is carefully analyzed to present the market hierarchy with regard to the particular criterion and growth prospects of each category.
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By test type, the clinical laboratory services market is divided into clinical chemistry, medical microbiology and cytology, human and tumor genetics, and other esoteric tests. Due to the rising incidence of diseases such as cancer and diabetes, the demand for these tests is expected to rise at a steady rate. The convenience, precision, and efficiency offered by these diagnostic tests is also a major growth driver for the market. The increasing global geriatric population, which is more prone to diseases requiring these tests, is also a major driver for the clinical laboratory services market.
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Rising geriatric population also has a role to play in the geographical breakdown of the clinical laboratory services market. North America, of whose population 20% is expected to be geriatric by 2030, is a dominant market leader in the global clinical laboratory services market and is expected to retain the domination through the forecast period. The growing pool of geriatric citizens in Asia Pacific will help the regional market grow at a rapid rate, though not enough to upstage the North America market. Other geographical segments of the global clinical laboratory services market are Europe and the Rest of the World.A major restraint acting on the clinical laboratory services market is the inconsistency in regulations governing the market in various regions of the world and the convoluted approval procedures for new products.
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The report also examines the market's key players, facilitating a comprehensive understanding of the market's competitive landscape and helping the formulation of informed market strategies with a higher probability of success. The report performs a financial overview and examines the product catalog, business strategies, and recent developments of major market players such as ARUP Laboratories, Abbott Laboratories, Charles River Laboratories, Bioscientia Healthcare, Genoptix Genoptix Medical Laboratory, and Healthscope Ltd.
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The Global Clinical Laboratory Services Market is segmented into the following Categories:
Clinical Laboratory Services Market, by Test Type
- Clinical Chemistry
- Medical Microbiology & Cytology
- Human & Tumor Genetics
- Other Esoteric Tests
Clinical Laboratory Services Market, by Service Provider
Clinical Laboratory Services Market, by Geography
- North America
- Rest of the World (RoW)
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research