Global Medical And Diagnostic Laboratory Services Market
Healthcare Services

How Will The Medical And Diagnostic Laboratory Services Market Size Grow In The Coming Years?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest medical and diagnostic laboratory services market share.

The global medical and diagnostic laboratory services market is expected to grow from $169.87 billion in 2022 to $183.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The medical and diagnostic laboratory services market is expected to grow to $240.86 billion in 2027 at a CAGR of 7.0%.

Major Driver In The Medical And Diagnostic Laboratory Services Market ­– Rise In Sedentary Jobs, Busy Lifestyles, And Changing Consumer Preferences
Chronic disease prevalence increased by 57% globally in 2020, according to the World Health Organisation. HbA1c tests for diabetes monitoring, biopsies, tumour marker tests, bone scans, MRI and CT scans for cancer diagnosis, electrocardiograms, chest X-rays, cardiac CT scans, and stress tests for cardiovascular disease detection are some of the tests used to identify these disorders. As the frequency of lifestyle diseases rises, so will the demand for tests to diagnose them, driving the medical and diagnostic laboratory services market during the forecast period.

View More On The Medical And Diagnostic Laboratory Services Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-and-diagnostic-laboratory-services-global-market-report

Key Medical And Diagnostic Laboratory Services Market Segments
1) By Type: Diagnostic Imaging Centers, Medical Laboratory Services
2) By Application: Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Other Applications
3) By End User Gender: Male, Female
4) By Type of Expenditure: Public, Private

Subsegments Covered: Computer Tomography (CT-Scan) Centers, Medical Radiological Laboratories, Dental or Medical X-Ray Laboratories, Ultrasound Imaging Centers, Magnetic Resonance Imaging (MRI) Centers

Recent Medical And Diagnostic Laboratory Services Market Trend – Adopting Biomarkers To Measure Health Parameters Associated With Individual Wellness
Individuals’ health and well-being can be assessed utilising biomarkers to determine factors behind sleep disturbances and stress symptoms. Biomarkers such as cortisol, testosterone, and secretory IgA can signal immune system abnormalities associated with physical and mental disorders. Physicians can use this to determine the underlying causes of such diseases. This is a high-end service aimed mostly at wealthy individuals and top corporate executives.

Medical And Diagnostic Laboratory Services Market Prominent Players
Major players in the medical and diagnostic laboratory services market are Laboratory Corporation of America, Eurofins, Quest Diagnostics Incorporated, Sonic Healthcare Limited, Kaiser Permanente, RadNet, OPKO Health, Myriad Genetics, Charles River Laboratories, Inc., and NeoGenomics Laboratories, Inc.

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The Medical And Diagnostic Laboratory Services Global Market Report 2023  provides a comprehensive overview on the medical and diagnostic laboratory services market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the medical and diagnostic laboratory services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Medical and diagnostic laboratory services conduct diagnostic testing for a variety of disorders. The tests are used to determine whether or not the person has been exposed to the disease. Medical and diagnostic laboratory services enable rapid, inexpensive, and high-quality diagnostic services to be provided in safe surroundings.

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