(Health-NewsWire.Net, September 15, 2017 ) The medical and diagnostic laboratory services market comprises establishments primarily engaged in the detection and prevention of disease. Medical and diagnostic laboratories perform tests on clinical specimens in order to gain insights and information on patients' health conditions.
The Americas was the largest region in the medical and diagnostic laboratory services market in 2016, accounting for around 45% market share. Europe was the second largest region accounting for around 26% market share. Asia was the third largest region accounting for around 21% market share. The Middle East & Africa was the fourth largest region accounting for around 5% market share. Oceania was the fifth largest region accounting for around 2% market share.
The medical and diagnostic laboratory services market is fragmented. The top three competitors contributed to only around 4% in a $520 billion market.
Technological advancements led to the development of new clinical tools for early diagnosis of several diseases. For instance, genetic testing for BRCA1 and BRCA2 mutations can indicate individual risk for developing breast or ovarian cancer. The launch of new tests will increase the scope of testing services and expand the diagnostics market.
Wellness Diagnostics - The health and wellbeing of individuals can be measured by using biomarkers to assess a range of factors behind disorders such as sleep disorders and symptoms of stress. Biomarkers such as cortisol, testosterone, and secretory IgA can indicate changes in immune system relating to physical and mental conditions. This can be used by physicians to know the causative factors behind such conditions. This is a premium service primarily targeted at the senior employees of corporations.
Companies Mentioned Medical and Diagnostic Laboratory Services Table of Content 1. Medical And Diagnostic Laboratories Market Characteristics 2. Medical And Diagnostic Laboratories Market Size And Growth 3. Pestle Analysis 4. Medical And Diagnostic Laboratories Market Customer Information 5. Medical And Diagnostic Laboratories Market Segmentation 6. Medical And Diagnostic Laboratories Market Regional And Country Analysis 7. Global Medical And Diagnostic Laboratories Market Comparison With Macro Economic Factors 8. Medical And Diagnostic Laboratories Market Comparison With Macro Economic Factors Across Countries 9. Medical And Diagnostic Laboratories Market Comparison With Industry Metrics 10. Asia-Pacific Medical And Diagnostic Laboratories Market 11. Western Europe Medical And Diagnostic Laboratories Market 12. Eastern Europe Medical And Diagnostic Laboratories Market 13. North America Medical And Diagnostic Laboratories Market 14. South America Medical And Diagnostic Laboratories Market 15. Middle East Medical And Diagnostic Laboratories Market 16. Africa Medical And Diagnostic Laboratories Market 17. Medical And Diagnostic Laboratories Market Competitive Landscape 18. Key Mergers And Acquisitions In The Medical And Diagnostic Laboratories Market 19. Market Background: Healthcare Services Market 20. Healthcare Industry Financial Margins 21. Appendix Inquire for Report at http://www.reportsweb.com/inquiry&RW0001890231/buying