Clinical Laboratory Tests Market: Industry Analysis and Outlook, 2026Posted by Ryan Shaw on August 12th, 2019 The global Clinical Laboratory Tests Market size is expected to reach USD 286.7 billion by 2026 at a 7.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Introduction of novel solutions for maximizing efficiency and minimizing errors is expected to boost the market. Presence of favorable reimbursement policies is anticipated to positively influence the global market. According to an article published in the American Clinical Laboratory Association, clinical laboratory tests are reimbursed by Medicare beneficiaries either under the Clinical Laboratory Fee Schedule or Physician Fee Schedule depending on the nature of service. Rising demand for early detection is anticipated to propel the market over the forecast period. Introduction of accurate and technologically advanced products such as biochips, companion diagnostics, and microarrays has resulted in growing demand for early detection of diseases. For instance, biochips are used for preparing thousands of RNA, DNA, or protein samples that can be processed on a single chip at the same time. Presence of key players such as Laboratory Corporation of America Holdings, Qiagen, Quest Diagnostics Incorporated, Siemens Healthcare GmbH, and Abbott are anticipated to spur market growth. These industry participants are involved in strategic collaborations, product development, and regional expansion. For instance, in 2017, Abbott’s Alinity hq analyzer, generally used for hematology, received the CE Mark and is available across Europe, along with other countries that recognize the CE Mark to address productivity needs of high-volume laboratories. In October 2018, NeoGenomics Laboratories Inc. entered into a strategic alliance with Pharmaceutical Product Development, LLC, a global contract research organization, to provide fully integrated pathology and molecular testing solutions to their PPD’s pharmaceutical and biotech clients. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/clinical-laboratory-tests-market Further key findings from the report suggest:
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