Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis And Competitor Profiles)

Clinical laboratories are an essential part of theareas are taking full advantage of testing for
health industry. It is estimated that approximatelyearly detection and disease prevention. Some of
80% of physician's diagnoses are a result ofthe other issues and trends explored in this study
laboratory tests. The constant pressure to reduceinclude:
healthcare spending is shifting healthcare utilization•    U.S. Demographics
in favor of the laboratory, making it an ever•    Types of Specialty Tests
more valuable part of the treatment plan. As•    Growing Competition
hospital stays are shortened, contact between•    Increasing Life Expectancy
the physician and patient is reduced, which places•    Growing Incidence of Disease
a larger role on labs to gather, interpret, and•    New Product Offerings
deliver accurate information to the physician in a•    Regulatory Environment
timely manner. We can expect to see an increase•    Insurance and Reimbursement
in the number of clinical labs, particularly in the•    Payer Types
independent sector, as these trends continue to•    Developments in Personalized Medicine
influence the industry.A competitive analysis of leading clinical laboratory
Since the last time Kalorama Information studiedproviders includes:
this market two years ago, there have been•    Quest Diagnostics, Inc.
substantial changes in the industry, including•    Laboratory Corporation of America
changes in market share as major companies eat(LabCorp)
into regional labs, new competitors enter the•    Genomic Health
marketplace, and new specialty tests are•    Genoptix, Inc.
developed and priced.•    Genzyme Corporation
Clinical Laboratory Services (Markets, Growth•    DaVita
Opportunities, Competitive Analysis and•    Clarient, Inc.
Competitor Profiles), provides an in-depth market•    Spectra Laboratories
overview, a total market analysis, analysis by•    Bio-Reference Laboratories
laboratory type, and by routine and specialtyOur methodology:
testing and a review of the latest trends drivingThe information in this report is the result of
growth. Revenues and forecasts presented areinterviews with executives and market experts,
for the U.S. market. Key international markets areas well as thorough research of secondary
discussed as well.sources such as company literature, trade
Key market data provided includes:publications and medical and business journals. The
•    Hospital, Physician and Independent Labemphasis Kalorama puts on primary research
Statisticsguarantees that new insights will be uncovered
•    Major Tests Performed by Clinical Labthat are not available from any other source. The
Companiesmost important part of Kalorama's efforts is its
•    Disease Incidence and Trends Drivingsuperior analysis of company activities and their
Lab Businesstrue significance in the marketplace.
•    Market Forecast to 2014All market data pertains to the world market at
•    Market Breakdown by Lab Typethe manufacturers' level. The base year for data
(Hospital, Physician, Independent)was 2009. Historical data was provided for the
•    Market Breakdown by Test Typeyears 2006, 2007 and 2008, with forecast data
(Specialty, Routine)provided for 2010 through 2014. Compound annual
•    Market Share of Competitorsgrowth rates (CAGRs) are provided for the
•    Competitive Analysis of Leading clinical2006-2009 and 2009-2014 periods for each
Lab Providerssegment covered. A competitive analysis is
The issues and trends which are fueling growth:provided for the year 2009. The forecasted
A trend towards preventive and risk factormarket analysis for 2010-2014 was largely based
testing has been noted in several disciplines,on demographic trends, new developments,
particularly in the areas of oncology,company performance trends, mergers and
endocrinology, and gynecology. Physicians in theseacquisitions, and national expansion.