Aging Population & Paradigm Shift to Preventive Healthcare to Drive the Global Clinical Laboratory Services Market
Global Clinical Laboratory Services market is projected to reach US$127 billion by 2024 , driven by increasing geriatric population, and the shift in healthcare delivery to preventive healthcare. Clinical Laboratory Services represent a vital component in the healthcare system. Tests carried out at these labs form the basis of diagnosis and medical decision for physicians across the globe. Clinical lab test repertoire includes a wide range of tests from most simple to complex ones, including routine urine and blood tests, molecular expression testing, and high-end genetic analysis, which help assess risk of developing a disease, its presence and progress. Several factors including aging population, increasing patient awareness of disease diagnosis, rising incidence of chronic conditions due to changing lifestyles, and advancements in the area of proteomics and genomics, are driving growing in the market. Technological advancements in terms of novel test areas such as novel genetic t...