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Medical and diagnostic laboratories perform tests on clinical specimens in order to gain insights and information on patients' health conditions. Tests performed on the clinical specimens' aid in the diagnosis, treatment, and prevention of diseases. These laboratories are distinct from the medical research laboratories involved in development of new drugs and treatments. The medical and diagnostic laboratory services industry comprises establishments primarily engaged in the detection and prevention of disease. These establishments can be broadly classified as medical and diagnostic laboratories and diagnostic imaging centers.
The global medical and diagnostic laboratory services market is expected to reach around $620 billion in 2020. One of the key factors which are expected to drive the medical and diagnostic laboratory services market during 20162020 include 'Increase In Lifestyle Diseases'. While some communicable diseases are less prevalent now, changes in lifestyle and an increase in the number of jobs that are sedentary are increasing the prevalence of noncommunicable diseases such as cancer, diabetes and cardio vascular diseases. Tests to diagnose these diseases include HbA1c tests for monitoring diabetes , biopsies, tumor marker tests, bone scans, MRI and CT scans for diagnosis of various cancers , electrocardiograms, chest Xrays, cardiac CT scans and stress test for detection of cardiovascular diseases. The increase in the prevalence of lifestyle diseases will increase the demand for tests to diagnose these diseases and thus will drive the market during the forecast period.
One of the top trends that is observed in the medical and diagnostic laboratory services market include 'Wellness Diagnostics'. The health and wellbeing of individuals can be measured by using biomarkers to assess factors behind 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 wealthy individuals and the senior employees of corporations.
Original Article: Medical and Diagnostic Laboratory Services Market Global Briefing 2017 Including: Medical Laboratories and Diagnostic Imaging Centers. Covering: LabCorp, Quest Diagnostics, Sonic Healthcare, Eurofins, Radnet [Updated: 05062017] Prices from USD $1000NEXT ARTICLE
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