​Global Clinical Reference Laboratory Services Market: Snapshot

The global clinical reference laboratory services market is expected to witness rapid growth in future. 

The rise in medical samples production throughout the healthcare industry and advancements in several medical fields such as serology and hematology are expected to be the key growth drivers for the clinical reference laboratory services market, globally.

The research and advanced studies conducted in the fields of cytogenetics, tumors, and human genomes- all of which form an integral part of the overall microbiology field- have also emerged as another key growth driver for the clinical reference laboratory services market. 

The cytogenetics field could witness technological innovations in future, which could stimulate the demand clinical reference laboratory services. The rising cases of chronic diseases such as cancer has fueled the demand for clinical reference laboratory services.

The clinical reference laboratory services have emerged as a suitable alternative for molecular biology. Molecular biology has proven to be a costly research area while clinical reference laboratory research is less expensive and the reduced costs could propel the demand for clinical reference laboratory services in future.  

Clinical reference laboratory services have also emerged as a seamless method to record the findings of biochemical researchers.

In terms of region, the United Kingdom in Europe has played a key role in the growth and development of clinical reference laboratory services.

The National Healthcare Scheme (NHS) has invited stakeholders and other investors to help grow the clinical reference laboratory services in the country. The collaboration is aimed to create greater awareness about the use of clinical reference laboratories services.

Microbiology universities have started to offer specialized courses on clinical reference laboratory services to try and create a higher awareness for the field.  

The clinical reference laboratory services market, at present, has few market players, but growth in key medical areas could attract participation from new players, in future.

Global Clinical Reference Laboratory Services Market: Overview

The success of a biochemical research depends on the level of integrity maintained by scientists and lab experts. The need for clinical trials and testing stems out of the rising incidence of chronic disorders such as cancer and cardiac dysfunction. Hence, the global clinical reference laboratory services market is set to expand at a stellar pace in the years to follow. The need to delve into the details of genetic disorders, coupled with advancements in cytogenetics, has played a key role in market growth.

The United Kingdom (UK) has remained steadfast in developing core models for clinical reference services. The National Healthcare Scheme (NHS) fosters trust between reference groups and medical professionals across the UK. Furthermore, the NHS also invites investors and stakeholders to bid for the development of clinical reference laboratories in the region. This trend is expected to manifest in terms of growth across the global clinical reference laboratory services market.

Human pathology has become a keystone for growth across medical and healthcare industries. Several treatment pathways have been developed with the help of inferences drawn from human pathology. Moreover, molecular biology is an expansive area of research that mandates continual testing and experimentation. Hence, the global clinical reference laboratory services market has attracted commendable demand in recent times. The presence of a seamless industry for recording the findings of biochemical researchers has also given a thrust to market growth.

A syndicate report on the global clinical reference laboratory services market sheds value on several factors pertaining to market growth. The clinical reference laboratory services market is segmented on the basis of the following parameters: application and region. Based on application, the demand for biochemical testing is projected to escalate in the years to follow.

Global Clinical Reference Laboratory Services Market: Notable Developments

Advancements in microbiology have led to key developments in the global clinical reference laboratory services market.

• Clinical Reference Laboratory, Inc. is prominent player in the global clinical reference laboratory services market. The company focuses on garnering the trust of the consumers by providing customized solutions to them. Employability, personalized medicine, and insurability are some of offerings that have helped the company is earning a rapport across the market.

• The School of Medicine at University of North America is offering a first-of-its-kind course in clinical laboratory studies and tests. The course has been conceptualized to help medical professionals in developing clinical solutions in modern medicine. Furthermore, the shortage of trained medical professionals across clinical reference laboratories can be made up for through such courses.

Some of the leading players operating in the global clinical reference laboratory services market are:

• Genomic Health Inc.
• OPKO Health Inc.
• Laboratory Corp. of America Holdings

Global Clinical Reference Laboratory Services Market: Growth Drivers

• Advancements in Medical Microbiology

The domain of microbiology has a wide array of applications in the healthcare industry. The study human genomes, cytogenetics, and tumours has created tremendous demand within the global clinical reference laboratory services market. Furthermore, the presence of a sound industry for clinical chemistry has also aided market growth.

• Need for Managing and Handling Samples

The demand within the global clinical reference laboratory services market shall expand as the volume of medical samples used across the healthcare industry increases. Furthermore, advancements in hematology, neo-natal screening, serology, and immune-histochemistry has also created fresh opportunities for market growth.

The global clinical reference laboratory services market can be segmented on the basis of:

Application

• Clinical chemistry
• Human and tumor genetics
• Medical microbiology and cytology
• Other esoteric tests