North America Clinical Laboratory Test Market - Overview

Clinical laboratory testing has emerged as the most growing segment of healthcare over the past few years. Clinical laboratory testing includes all routine check-ups and other pathology tests for the diagnosis of various diseases ranging from CBC and other routine blood test, anatomical pathological testing, molecular, immunological, drug testing and other tests for disease diagnosis and treatment.

According to a recent study report published by the Market Research Future analysts, the North America Clinical Laboratory Test Market is growing at a steady pace; where the growth is mainly due to increasing prevalence of chronic diseases, increased patient population, increase in volume of in-vitro diagnostic tests, current reimbursement scenario, and increasing patient awareness about the clinical test.

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North America Clinical Laboratory Test Market   - Competitive Analysis

Quest diagnostics and Laboratory Corporation of America Holdings are the two biggest companies of the North America clinical laboratory testing market. Certainly, both the companies offer a wide range of diagnostic testing services, right from routine CBC testing to prenatal tests, and further to highly sensitive cancer and genetics tests.

Globally, Quest diagnostics is the largest independent research and testing lab, and commands around 17-18% share of the total market. LabCorp follows Quest and accounting for around 10-12% market share of the domestic market, but is growing at a faster pace than its main rival.

In addition to the major players, there are few small scale companies such as Spectra (U.S.), Renalab Inc. (U.S.), Berkeley Heart Lab (U.S.), and others together contribute significant value in the total market.

Merger & acquisitions with other companies and other small players was the key strategy adopted by the major players.

Key Vendors:

AURORA Diagnostic

Laboratory Corporation of America

LifeLabs Medical Laboratories

Sonic Healthcare

And more.

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North America Clinical Laboratory Test Market - Regional Analysis:

US accounts for the maximum market share of North America Clinical Laboratory testing market and is expected to grow at a CAGR of 5.8% during the forecasted period. Maximum number of laboratories and clinical testing procedures are the major reason for the highest market growth of this region. Canada, is expected to be the fastest growing region with the CAGR of 6.3% during the forecasted period due to increasing cases of chronic disease and also because of new companies providing laboratory services entering Canadian market.

Major TOC of North America Clinical Laboratory Test Market Research Report - Forecast to 2022:

1 Report Prologue

2 Market Dynamics

3 Market Factor Analysis

4 North America Clinical Laboratory Test Market, By Type of Laboratory

5 North America Clinical Laboratory Test Market, By Type of Test

6 North America Clinical Laboratory Test Market, By Country

7 North America Clinical Laboratory Test Market: Competitive Landscape

8 Company Profile

9 List of Tables

10 List of Figures

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