Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis)

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