About Central Lab Services
Central Lab Services allows delivering effective and quality patient care with an aim to find conclusive evidence result. Hospitals based lab, clinic-based lab and standalone lab are the three types of lab facilities where various tests are carried out. Growing governments' spending coupled with advancement in technology is bolstering the demand for central lab services amid stringent government regulation playing a crucial role.
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Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Central Lab Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ACM Global Central Lab (United States), Celerion (United States), Cirion Clinical Trial Services (Canada), CLR-Clinical Reference Laboratory (United States), Frontage Labs (United States), ICON Central Labs (United States), INTERLAB Central Lab Services (Germany), LabConnect (United States), Laboratorio Eschevarne (Spain), Laboratorio Hidalgo (Argentina) and Medpace Reference Laboratory (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are MedTox Laboratories (United States), PPD Central Labs (United States), Q2 Solutions (United States), Simbec Research (part of Altasciences), Spranger Laboratories (Germany) and Unilabs York Bioanalytical Services (United States).
AMA Research has segmented the market of Global Central Lab Services market by Type (Medical Microbiology & Cytology, Blood Bank/ Transfusion Medicine, HLA Typing, Toxicology, Andrology, Hematology, Clinical Chemistry, Endocrinology, Biochemistry, Human Genetics, Tumor Genetics and Other), Application (Drug Discovery and Drug Development, Bio-analytical & Lab Chemistry, Toxicology Testing, Cell & Gene Therapy and Preclinical & Clinical Trial Related Services) and Region.
On the basis of geography, the market of Central Lab Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service Providers, the sub-segment i.e. Clinic-Based Laboratories will boost the Central Lab Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Advancements in Central Lab Services Technologies and Focus on Reducing Errors Using Innovative Tools
Market Growth Drivers:
Growing Focus on Cost-effective Medicine Development and Rising Aging Population Increasing Number of Preventive Health Check-ups
Lack of Skilled Expertise to Operate Lab Services
High Initial Cost Involved in Central Lab Services and Stringent Regulatory Guidelines From FDA Regrading Maintenance of Precision
Growing Government Investment in Emerging Countries
Key Target AudienceCentral Lab Services Providers, Components Suppliers/Distributors, Market and Research Firms, Government Agencies, End-users Industries and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.