USD
GBP 
CNY 
EUR 
INR 
JPY 
MYR 
ZAR 
KRW 
THB 
Advanced Molecular Diagnostics and At-Home Testing are Growth Prerequisites
28-Feb-2022
North America
Market Research
PC06-01-00-00-00
HC03513-NA-MT_26317
The United States spends more than $3 trillion—nearly 18% of GDP—on healthcare, a massive sector. Healthcare value chain participants face dynamic environments that several trends impact, including the rise in the aging population (16.9% in 2020); chronic disease burden; regulatory challenges; integration across the care continuum; migration to value-based and accountable care models; payer and provider consolidation; new and increased access to data, innovation, and technology; and increasing levels of consumer engagement and expectations.
Frost & Sullivan offers an in-depth analysis of the market disruption caused by SARS-CoV-2, the virus that causes COVID-19, in laboratory-based diagnostics, healthcare, and biotechnology companies. We studied the impact caused by macro and microeconomic factors on the hospital, clinic, and physician office testing; technology adoption; medical innovation; customer value chain compression; and competitive intensity. The report also highlights current market trends, opportunities, weaknesses, growth drivers, and restraints. Based on data-driven insights, we expect the United States Clinical Laboratory Services Market to record a 2.6% CAGR from 2020 to 2026.
2020 was a rollercoaster year for laboratories—and every aspect of healthcare—that brought quick, disruptive, and dramatic changes. There is no sign of these changes slowing down anytime soon. Now is the time for all laboratories to focus on capitalizing on growth opportunities and effectively managing any headwinds that may arise.
Author: Tejashri Khadilkar
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the US Clinical Laboratory Services Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Opportunity and Threat Analysis—Hospital-based Laboratories and POLs
Opportunity and Threat Analysis—Reference and Specialty Laboratories
Market Landscape
Trends
Trends (continued)
Key Growth Metrics
Growth Drivers
Growth Drivers (continued)
Growth Restraints
Top 10 Forecast Assumptions for 2022
Revenue Forecast
Revenue Forecast by Laboratory Type
Revenue Forecast Analysis
Market Share Analysis
Market Share Analysis (continued)
Market Share Analysis (continued)
A Holistic
Cross Sectoral Partnership for Value-added Services and Data-driven Diagnostics
Labcorp (Independent Reference Laboratory)
Quest Diagnostics (Independent Reference Laboratory)
Sonic Healthcare (Independent Reference Laboratory)
Myriad Genetics, Inc. Life Science (Independent Specialty Laboratory)
Exact Sciences (Independent Specialty Laboratory)
Mayo Clinic Labs (Hospital-based Laboratory)
Cleveland Clinic (Hospital-based Laboratory)
UroPartners (POL)
Care Mount Medical (Physician Owned Laboratory)
Growth Opportunity 1—Diversify in Newer Therapy with Innovative Diagnostic Tests
Growth Opportunity 1—Diversify in Newer Therapy with Innovative Diagnostic Tests (continued)
Growth Opportunity 2—Create Patient-centered Access to Virtual Care with At-home Testing, Telehealth, and Hospital-at-home Services
Growth Opportunity 2—Create Patient-centered Access to Virtual Care with At-home Testing, Telehealth, and Hospital-at-home Services (continued)
Growth Opportunity 3—Monetize Data with Value-based Services
Growth Opportunity 3—Monetize Data with Value-based Services (continued)
Growth Opportunity 4—Expand Network in Emerging Markets through M&A or Collaboration
Growth Opportunity 4—Expand Network in Emerging Markets through M&A or Collaboration (continued)
Growth Opportunity 5—Venture into New Markets such as Biobanking with LIMS Platform
Growth Opportunity 5—Venture into New Markets such as Biobanking with LIMS Platform (continued)
Takeaways
Abbreviations and Acronyms
List of Exhibits
Legal Disclaimer
List of Figures
- Clinical Laboratory Services Market: Share by Service Type, United States, 2020
- Clinical Laboratory Services Market: Key Growth Metrics, United States, 2020
- Clinical Laboratory Services Market: Growth Drivers, United States, 2021–2026
- Clinical Laboratory Services Market: Growth Restraints, United States, 2021–2026
- Clinical Laboratory Services Market: Revenue Forecast, United States, 2020–2026
- Clinical Laboratory Services Market: Revenue Forecast by Laboratory Type, United States, 2020–2026
- Clinical Laboratory Services Market: Revenue Share by Laboratory Type, United States, 2020
- Clinical Laboratory Services Market: Revenue by IRL Type, United States, 2018–2020
- Clinical Laboratory Services Market: Facility Types, United States, 2018 and 2020
- Clinical Laboratory Services Market: Accreditation Organizations, United States, 2018 and 2020
- Clinical Laboratory Services Market: B2B and B2C Models by Services and End Users, United States, 2020
Speak directly with our analytics experts for tailored recommendations.
Recent related Life Sciences research
13 Jan 2025 | Global | Market Outlook
Top 6 Growth Opportunities for the Digital Health Industry, 2025
Driven by digital advancements, the healthcare industry is transforming rapidly. Current trends and challenges create constant change, and industry stakeholders must adapt to remain attractive, competitive, and unique as robust organizations. Each year, competitors must gain a fresh, comprehensive v...
17 Dec 2024 | Global | Market Research
Cybersecurity in Healthcare, United States, 2024
Healthcare is the industry most affected by cyberattacks, which have targets like hospitals, healthcare organizations, patient databases, and connected devices. These attacks not only destabilize healthcare systems but also threaten care delivery and patient safety. The global healthcare infrastruct...
12 Dec 2024 | Global | Market Outlook
Top 6 Growth Opportunities for Clinical Diagnostics, Global, 2025
Accounting for 2%-3% of total healthcare expenditure and influencing 70% of clinical decision-making, diagnostics is the silent champion supporting all stages of precision health, including risk stratification, screening, early diagnosis, prognosis, monitoring, and relapse. The discovery and trans...
05 Dec 2024 | Global | Frost Radar
Frost Radar™: Enterprise Conversational AI in Healthcare, 2024
This Frost Radar™ benchmarks the companies and their solutions that allow healthcare payers and providers to create next-generation virtual assistants. Conversational AI is primarily used to streamline patient and provider processes and interactions across the care continuum—the pre-care, at-care, a...
27 Nov 2024 | Global | Market Research
Generative AI in Payer and Provider IT Transformation, Global, 2024-2029
The healthcare payer and provider industry is gradually adopting generative artificial intelligence (Gen AI) solutions across its value chain. Almost all organizations have shown an intent to implement Gen AI-based solutions in their products or processes, with a few already embarking on this journe...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| List of Charts and Figures | Clinical Laboratory Services Market: Share by Service Type, United States, 2020~ Clinical Laboratory Services Market: Key Growth Metrics, United States, 2020~ Clinical Laboratory Services Market: Growth Drivers, United States, 2021–2026~ Clinical Laboratory Services Market: Growth Restraints, United States, 2021–2026~ Clinical Laboratory Services Market: Revenue Forecast, United States, 2020–2026~ Clinical Laboratory Services Market: Revenue Forecast by Laboratory Type, United States, 2020–2026~ Clinical Laboratory Services Market: Revenue Share by Laboratory Type, United States, 2020~ Clinical Laboratory Services Market: Revenue by IRL Type, United States, 2018–2020~ Clinical Laboratory Services Market: Facility Types, United States, 2018 and 2020~ Clinical Laboratory Services Market: Accreditation Organizations, United States, 2018 and 2020~ Clinical Laboratory Services Market: B2B and B2C Models by Services and End Users, United States, 2020~ |
| Author | Tejashri Manish Khadilkar |
| Industries | Healthcare |
| WIP Number | PC06-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9600-B1,9562-B1,9568-B1,9611-B1,9627-B1 |
United States Clinical Laboratory Services Growth Opportunities
$2,450.00
Special Price $1,837.50 save 25 %