Published: May 07, 2021
The demand in the global clinical laboratory tests market is expected to increment at a healthy CAGR during the forecast period of 2017 to 2025, gaining traction from a number of factors such as rising percentage of geriatrics in the world population, prevalence of target diseases, growing demand for early detection of chronic diseases, and the introduction of innovative solutions. On the other hand, the absence of a predefined regulatory framework is substantially hindering the inflow of the demand for
clinical laboratory tests. Nevertheless, the market for clinical laboratory tests is rapidly evolving with growing preference for point-of-care testing as well as personalized medicine and the advent of cost effective lab tests and integrated analytical systems are expected to open new opportunities for the vendors of this market.