2/1/2024 0 Comments Boxer doodleThis has led to a surge in geriatric population across the globe. Life expectancy has increased significantly, especially in developed countries, due to the rise in access to better healthcare facilities and growth in healthcare expenditure. Increase in Geriatric Population Fueling Global Clinical Laboratory Services Market Thus, high prevalence of diseases is expected to boost the demand for clinical laboratory testing during the forecast period. As per the World Health Organization (WHO), each year, more than 13 million deaths around the world are caused by avoidable environmental causes. In developing countries, 48% of such deaths occur in people above 70 years of age. According to the Centers for Disease Control and Prevention (CDC), more than 60% of preventable deaths worldwide are caused due to non-communicable diseases. Sedentary lifestyle, pollution, aging population, and climate change are some of the major factors that influence the emergence of diseases worldwide. Request a sample to get extensive insights into the Clinical Laboratory Services Market Rise in Incidence of Chronic and Infectious Diseases Contributing to Clinical Laboratory Services GrowthĬhronic disorders such as cardiovascular diseases, obesity, cancer, and diabetes are affecting several people across the globe. Genetic and genomic research lab services facilitate the discovery of causative variants relevant to disease pathophysiology. Clinical chemistry deals with the analysis of body fluids, while medical microbiology and cytology help diagnose various medical conditions including infection, inflammation, or cancer. Clinical laboratory services include various types of tests such as clinical chemistry, medical microbiology & cytology, genetics, and toxicology. Clinical tests aid physicians to identify the root cause of diseases and subsequently provide appropriate treatment. Key players operating in the market are enhancing their molecular and pathology capabilities to broaden their revenue streams.Ĭlinical Laboratory Services Market IntroductionĬlinical laboratories offer information about patient health. Growth of the digital pathology market and rise in preference for comprehensive health checkups are expected to augment the global market during the forecast period. Of late, at-home and rapid diagnostic tests have been gaining traction across the globe, especially after the onset of the COVID-19 disease. Clinical laboratories help analyze body fluid samples, such as blood, urine, or DNA samples, and identify possible disease-causing genetic changes. Increase in burden of chronic diseases, rise in demand for early diagnosis, and rapid technological advancements in pathology are driving the global clinical laboratory services market. The global market is anticipated to reach more than US$ 561.1 Bn by the end of 2031Īnalysts’ Viewpoint on Clinical Laboratory Services Market Scenario.The global market is projected to grow at a CAGR of 5.9% from 2022 to 2031.The global clinical laboratory services industry was valued at US$ 313.3 Bn in 2021.Clinical Laboratory Services Market Outlook 2031
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