, /PRNewswire/ -- Clinical laboratory services encompass a wide range of medical diagnostic activities performed on specimens such as blood, urine, tissue, and other bodily fluids. These services play a crucial role in disease detection, monitoring, and treatment planning. The market for clinical laboratory services is poised to grow significantly, driven by factors like the rising geriatric population and increasing adoption of preventive healthcare measures.
However, challenges such as a shortage of skilled professionals need addressing. Key players in this market include Abbott Laboratories, Bio Rad Laboratories Inc., Quest Diagnostics Inc.
, and others, indicating a competitive landscape focused on innovation and service expansion. Get a detailed analysis on regions, market segments, customer landscape, and companies- The rising prevalence of chronic diseases and the adoption of preventive healthcare are driving the demand for clinical laboratory services. Preventive healthcare focuses on disease prevention rather than treatment, which is achievable through routine healthcare tests.
Doctors recommend regular checkups based on age and gender, increasing the demand for specific tests. For instance, women between 38 and 42 require mammograms for breast cancer screening. Additionally, the increase in transmittable diseases, such as malaria and TB, necessitates regular testing.
Preventive healthcare insurance plans, especially in countries like the US, cover these preventive me.
