Global Clinical Reference Laboratory Services Market 2016-2020

  • ID: 3883981
  • Report
  • Region: Global
  • 68 pages
  • TechNavio
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FEATURED COMPANIES

  • ACM Medical Laboratory
  • ARUP Laboratories
  • Aurora Diagnostics
  • Biomnis
  • BioReference Laboratories
  • Centrex
  • MORE
About Reference Laboratory

The concept of reference laboratory is a recent phenomenon. Reference laboratories are private as well as commercial facilities that usually perform specialty and high-volume testing routinely. Physicians' offices, clinics, hospitals, government agencies, insurance companies, pharmaceuticals, and biotechnology companies outsource most of their specialty tests to reference laboratories. Though mid- and large-sized hospitals perform most of the tests at their in-house laboratories but approach reference laboratories for specialized tests that usually require specialized equipment.’

The analysts forecast the global clinical reference laboratory services market to grow at a CAGR of: 5.89% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global clinical reference laboratory services market for 2016-2020. To calculate the market size, the report considers the revenue generated from the clinical chemistry, medical microbiology and cytology, human and tumor genetics, and other esoteric tests such as allergy test, bone marker, and toxicology.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Clinical Reference Laboratory Services Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BioReference Laboratories
- Cinven
- Laboratory Corporation of America
- Quest Diagnostics

Other prominent vendors
- Acibadem Labmed Laboratory
- ACM Medical Laboratory
- Adicon Clinical Laboratories
- American Pathology Partners
- ARUP Laboratories
- Aurora Diagnostics
- Biomnis
- Centrex Clinical Laboratories
- Clinical Reference Laboratory
- Enzo Clinical Labs
- Genomic Health
- Integrated Regional Laboratories
- LifeLabs Medical Laboratory Services
- MEDTOX Scientific
- Mid America Clinical Laboratories
- Signal Genetics
- Solstas Lab Partners
- Spectra Laboratories
- ViraCor-IBT Laboratories

Market drivers
- Application of advanced robotics technology in reference laboratories
- For a full, detailed list, view the full report

Market challenges
- Incorrect and illegible sample labelling
- For a full, detailed list, view the full report

Market trends
- The full integration of EMR and LIS enables a unified patient record
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • ACM Medical Laboratory
  • ARUP Laboratories
  • Aurora Diagnostics
  • Biomnis
  • BioReference Laboratories
  • Centrex
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by application
  • Clinical chemistry
  • Human and tumor genetics
  • Medical microbiology and cytology
  • Other esoteric tests
PART 07: Market segmentation by service provider
  • Market overview
PART 08: Market segmentation by end-user
  • Market overview
PART 09: Geographical segmentation
  • Clinical reference laboratory market in Americas
  • Clinical reference laboratory market in EMEA
  • Clinical reference laboratory market in APAC
PART 10: Market drivers
  • Increasing value-based outsourcing from hospitals
  • Application of advanced robotics technology in reference laboratories
  • Cost and time savings for hospitals and clinics
PART 11: Impact of drivers

PART 12: Market challenges
  • Pricing pressures
  • Lack of trained professionals
  • Incorrect and illegible sample labeling
PART 13: Impact of drivers and challenges

PART 14: Market trends
  • The full integration of EMR and LIS enables a unified patient record
  • The access to online test ordering and reporting
  • Focus on real-time and digitalized treatment
PART 15: Vendor landscape
  • Competitive scenario
  • Laboratory Corporation of America
  • Quest Diagnostics
  • Cinven
  • BioReference Laboratories
  • Other prominent vendors
PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Impact assessment of the global clinical reference laboratory services market
Exhibit 03: Global clinical reference laboratory services market 2015-2020 ($ billions)
Exhibit 04: Opportunity analysis of global clinical reference laboratory services market
Exhibit 05: Five forces analysis
Exhibit 06: Global clinical reference laboratory services market by application
Exhibit 07: Market opportunity in the major application
Exhibit 08: Global clinical chemistry reference laboratory services market 2015-2020 ($ billions)
Exhibit 09: Global human and tumor genetics clinical reference laboratory services market 2015-2020 ($ billions)
Exhibit 10: Global medical microbiology and cytology clinical reference laboratory services market 2015-2020 ($ billions)
Exhibit 11: Global other esoteric tests clinical reference laboratory services market 2015-2020 ($ billions)
Exhibit 12: Global clinical reference laboratory services market by service provider
Exhibit 13: Global clinical reference laboratory services market share by service provider 2015 and 2020 (%)
Exhibit 14: Global clinical reference laboratory services market share by end-user 2015 and 2020 (%)
Exhibit 15: Market metrics analysis of clinical reference laboratories by end-user
Exhibit 16: Clinical reference laboratory services market share by geography 2015 and 2020 (%)
Exhibit 17: Clinical reference laboratory services market in Americas 2015-2020 ($ millions)
Exhibit 18: Clinical reference laboratory services market in EMEA
Exhibit 19: Impact of drivers
Exhibit 20: Impact of drivers and challenges
Exhibit 21: Global clinical reference laboratory services market: Vendors ranking
Exhibit 22: Laboratory Corporation of America: Strength analysis
Exhibit 23: Laboratory Corporation of America: Growth strategy matrix
Exhibit 24: Laboratory Corporation of America: Opportunity assessment
Exhibit 25: Quest Diagnostics: Strength analysis
Exhibit 26: Quest Diagnostics growth strategy matrix
Exhibit 27: Quest Diagnostics: Opportunity assessment
Exhibit 28: Cinven: Strength analysis
Exhibit 29: Cinven growth strategy matrix
Exhibit 30: Cinven: Opportunity assessment
Exhibit 31: BioReference Laboratories: Strength analysis
Exhibit 32: BioReference Laboratories: Growth strategy matrix
Exhibit 33: BioReference Laboratories: Opportunity assessment
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FEATURED COMPANIES

  • ACM Medical Laboratory
  • ARUP Laboratories
  • Aurora Diagnostics
  • Biomnis
  • BioReference Laboratories
  • Centrex
  • MORE
New Report Released: – Global Clinical Reference Laboratory Services Market 2016-2020

The author of the report recognizes the following companies as the key players in the global clinical reference laboratory services market: BioReference Laboratories, Cinven, Laboratory Corporation of America, and Quest Diagnostics.

Other Prominent Vendors in the market are: Acibadem Labmed Laboratory, ACM Medical Laboratory, Adicon Clinical Laboratories, American Pathology Partners, ARUP Laboratories, Aurora Diagnostics, Biomnis, Centrex Clinical Laboratories, Clinical Reference Laboratory, Enzo Clinical Labs, Genomic Health, Integrated Regional Laboratories, LifeLabs Medical Laboratory Services, MEDTOX Scientific, Mid America Clinical Laboratories, Signal Genetics, Solstas Lab Partners, Spectra Laboratories, and ViraCor-IBT Laboratories.

Commenting on the report, an analyst from the research team said: “Focusing on real-time and digitalized treatment will be a key trend for market growth. Diagnosis enables disease management and individualized treatment and provides real-time and quick results. Tests such as glycated hemoglobin, blood glucose monitoring tests, cholesterol monitoring, and monitoring of antiretroviral drug levels in the blood will help in obtaining diagnostic information and reducing the complications. Personalizing these treatments will allow better channeling of diagnostic information. In November 2014, GE Healthcare developed the Omnyx digital technology platform for diagnosis of cancer. The platform helps clinicians evaluate an individual’s medical history, prescribe more tests if required, and deliver findings to oncologists. Real-time and digitalized treatment such as personalized therapy will help improve disease diagnosis and treatment, and improve outcome.”

According to the report, value-based outsourcing will be the major focus from hospitals to clinical reference laboratories. In the past, these financial incentives for radiology department or laboratory services made major contributions to the hospital bottom line. The market is moving from fee-for-service to value-based-care model to boost laboratory services and imaging or radiology services to the outsourcing diagnostic vendors. Companies such as Inspirata and Aurora Diagnostics are raising bids for outsourced diagnostic hospital contracts. In the forecast period, value-based outsourcing services will be the major market driver globally.

Further, the report states that for quality patient care, patient blood specimen identification is critical. Misidentified specimens can lead to delayed diagnosis, additional laboratory testing, and wrong treatment for the wrong disease. The occurrence rates of specimen identification errors were reported to be around 0.1%-6.5%. In laboratory services market, specimen samples from various hospitals will congregate at a single laboratory for testing. Thus, there are chances of misidentification of samples if enough precautionary measures were not taken. Therefore, the specimen identification error is one of the major challenges for the clinical reference laboratory services market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- BioReference Laboratories
- Cinven
- Laboratory Corporation of America
- Quest Diagnostics
- Acibadem Labmed Laboratory
- ACM Medical Laboratory
- Adicon Clinical Laboratories
- American Pathology Partners
- ARUP Laboratories
- Aurora Diagnostics
- Biomnis
- Centrex
Note: Product cover images may vary from those shown
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