Clinical Diagnostics Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Clinical Diagnostics  Market: By Test (Lipid Panel, Metabolic Panel, Liver Panel, Renal Panel, Complete Blood Count, Electrolyte Testing, Infectious Disease Testing, and Other Tests), By Product (Instruments, Reagents, and Data Management Systems), By End User (Hospital, Diagnostic Laboratory, Point-of-Care Testing, and Other End Users) and Geography

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Report

Description

The global clinical diagnostics market was valued round US$ 50.11 Bn in 2020 and poised to grow at significant CAGR of 5.02% over 2021-2027. Some of the key factors influencing the market growth include growing in patients with long term diseases/ disorders like diabetes, cardiovascular diseases, hypertension etc. where frequent testing required. Also increase in geriatric population plays a key role in the market. Expansion and advancements of these diagnostic testing’s are also thriving the market growth. Increase in health expenditure, rising in awareness about health care and testing in people are the important factors of the market growth. However, high requirement of initial capital amount, stringent regulations by the government, complex operating procedure of equipment, lack of skilled professionals are somehow restraining the market in some regions. This report gives comprehensive outlook on clinical diagnostics across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global clinical diagnostics market gives historical, current, and future market sizes (US$ Mn) on the basis of test, product, end user, and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global clinical diagnostics market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global clinical diagnostics market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global clinical diagnostics market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global clinical diagnostics products.

 


Clinical Diagnostics Market

MARKET SUMMARY
-
5.02%CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.02%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Asia Pacific

Clinical Diagnostics Market

  • Global clinical diagnostics market expanding at significant CAGR over 2021 to 2027, rise in geriatric population, advancements of diagnostic techniques increases the market of the clinical diagnostic tests.
  • Based on tests, Lipid panel clinical diagnostics s segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Clinical Diagnostics market
Market Key Players
  • Abbott Laboratories
  • ARUP Laboratories
  • Becton
  • Bioscientia Healthcare
  • Bio-Rad Laboratories Inc.
Drivers And Restraints

Clinical Diagnostics Market

The development of complex and specialised tests for early illness diagnosis and disease management, as well as rising demand for lab automation, are expected to fuel expansion in the worldwide clinical diagnostics market throughout the forecast period. The growing use of point-of-care diagnostics has ushered in a trend of decentralisation in the healthcare business.


Asia Pacific got significant share

Clinical Diagnostics Market

Asia Pacific accounted for larger revenue share in global clinical diagnostics market with considerable CAGR. The growth in this region can be attributed to increase in geriatric population, rise in diseased patients, more advanced diagnostic techniques like PACS (picture archiving and communication systems) and EMR (electronic medical records)etc., high amount of disposable income for diagnosing tests placed this region top in the global market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Segmentation

Clinical Diagnostics Market


Location

GEOGRAPHY


Report

Company Profile

  • Abbott Laboratories
  • ARUP Laboratories
  • Becton
  • Bioscientia Healthcare
  • Bio-Rad Laboratories Inc.
  • Bio-Reference Laboratories
  • BioMérieux
  • Charles River Laboratories
  • Clarient Inc.
  • Danaher Corporation, Becton
  • Dickinson and Company
  • Diasorin
  • Genoptix Medical Laboratory
  • Genzyme Corporation
  • Healthscope Limited.
  • Hologic Inc
  • Labco S.A.
  • Laboratory Corporation of America Holdings (Labcorp)
  • Ortho Clinical Diagnostics
  • Qiagen
  • Quest Diagnostics Inc.
  • Roche Diagnostics
  • Siemens AG Healthcare
  • Sonic Healthcare Ltd
  • Thermo Fisher Scientific

Description

The global clinical diagnostics market was valued round US$ 50.11 Bn in 2020 and poised to grow at significant CAGR of 5.02% over 2021-2027. Some of the key factors influencing the market growth include growing in patients with long term diseases/ disorders like diabetes, cardiovascular diseases, hypertension etc. where frequent testing required. Also increase in geriatric population plays a key role in the market. Expansion and advancements of these diagnostic testing’s are also thriving the market growth. Increase in health expenditure, rising in awareness about health care and testing in people are the important factors of the market growth. However, high requirement of initial capital amount, stringent regulations by the government, complex operating procedure of equipment, lack of skilled professionals are somehow restraining the market in some regions. This report gives comprehensive outlook on clinical diagnostics across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global clinical diagnostics market gives historical, current, and future market sizes (US$ Mn) on the basis of test, product, end user, and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global clinical diagnostics market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global clinical diagnostics market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global clinical diagnostics market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global clinical diagnostics products.

 

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