Global Clinical Reference Laboratory Services Market: About this market This clinical reference laboratory services market analysis considers sales clinical chemistry, human and tumor genetics, medical biology and cytology, and esoteric tests.

New York, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Clinical Reference Laboratory Services Market by Service, End-users, Application, and Geography - Global Forecast and Analysis 2019-2023" - https://www.reportlinker.com/p05810938/?utm_source=GNW
Our analysis also considers the sales of clinical reference laboratory services in Asia, Europe, North America, and ROW. In 2018, the clinical chemistry segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as shortage of skilled workforce will play a significant role in the clinical chemistry segment to maintain its market position. Also, our global clinical reference laboratory services market report looks at factors such as the increasing prevalence of the chronic and infectious disease, increased outsourcing of testing services to reference laboratories, and increasing access to online test services. However, uncertainties in stringent regulations and privacy concerns related to IT in laboratory infrastructure may hamper the growth of the clinical reference laboratory services industry over the forecast period.

Global Clinical Reference Laboratory Services Market: Overview
Increasing outsourcing of testing services to reference laboratories
Hospitals are facing the pressure of maintaining a low cost of laboratory operations. This has increased the outsourcing of laboratory operations to reference laboratories. Outsourcing helps lower the costs involved in hiring sophisticated and costly instruments and skilled expertise. It increases the efficiency of healthcare practitioners to focus on offering quality care to the patients. This will lead to the expansion of the global clinical reference laboratory services market at a CAGR of over 6% during the forecast period.
Increasing integration of EMRs with LIS
Electronic medical record (EMR) systems have gained significant applications in the healthcare sector due to their benefits, such as real-time patient data collection and easy accessibility to them for future reference. Hospitals and clinics have started integrating EMR systems with laboratory information systems (LISs) to help end-users improve the process of online laboratory test ordering and access to report results. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global clinical reference laboratory services market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading clinical reference laboratory services manufacturers, that include Genomic Health Inc., Laboratory Corp. of America Holdings, OPKO Health Inc., Quest Diagnostics Inc., SYNLAB Bondco Plc.

Also, the clinical reference laboratory services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Read the full report: https://www.reportlinker.com/p05810938/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.