San Francisco, California (PRWEB) October 14, 2014

Global clinical laboratory services market is expected to reach USD 261.42 billion by 2020, according to a new study by Grand View Research, Inc. The demand for early diagnosis in order to render effective therapeutic interventions is on a constant rise. Wide range of diagnostic tests encompassed in the clinical laboratory services segment coupled with increasing incidence rates of infectious and chronic diseases is expected to drive market growth during the forecast period. In addition, presence of untapped growth opportunities and the rapidly improving healthcare infrastructure in emerging markets such as China, India and Brazil are expected to offer growth opportunities for industry participants.

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Clinical chemistry based services dominated the overall market, accounting for over 45.0% of the revenue share in 2013, owing to the fact that these tests are a part of the initial disease diagnostic process and thus are carried out in large volumes.

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Further key findings from the study suggest:

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For the purpose of this study, Grand View Research has segmented the global clinical laboratory services market on the basis of test type, service provider and region:

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Clinical Laboratory Services Market By Test (Human & Tumor Genetics, Clinical Chemistry), By Service Provider ...