The Business
Research Company’s latest report Medical And Diagnostic Laboratory Services
Global Market Report 2020 covers Medical And Diagnostic Laboratory Services
market drivers, Medical And Diagnostic Laboratory Services market trends,
Medical And Diagnostic Laboratory Services market segments, Medical And
Diagnostic Laboratory Services market growth rate, Medical And Diagnostic
Laboratory Services market major players, and Medical And Diagnostic Laboratory
Services market size. The report provides in-depth analysis of the impact of
COVID-19 on the Medical And Diagnostic Laboratory Services industry, along with
revised market numbers due to the effects of the coronavirus.
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Medical And
Diagnostic Laboratory Services Global Market Report 2020 is the most
comprehensive report available on this market and will help gain a truly global
perspective as it covers 60 geographies. The chapter on the impact of COVID-19
gives valuable insights on supply chain disruptions, logistical challenges, and
other economic implications of the virus on the market. The chapter also covers
markets which have been positively affected by the pandemic.
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The global medical and diagnostic
laboratory services market is expected to decline from $126.4 billion in 2019
to $108.8 billion in 2020 at a compound annual growth rate (CAGR) of -14%. The
decline is mainly due to the COVID-19 outbreak and the measures to contain it.
The decline is mainly because the governments across the countries prioritized COVID-19
screening, and imaging is not routinely used to screen for COVID-19. COVID-19
is mainly through molecular and RT-PCR based tests. Most of the medical and
diagnostic laboratories are currently shutdown, and a few top facilities are
asked to reschedule any nonurgent, outpatient imaging visits as necessary to
help keep patients and staff safe. Additionally, due to extending lockdown, there
are many cancellations of pre-scheduled patient visits. The market is then
expected to recover and grow at a CAGR of 6% from 2021 and reach $170.3 billion
in 2023.
The report covers the Medical And
Diagnostic Laboratory Services market’s segments-
1) By Type: Medical Laboratory Services,
Diagnostic Imaging Centers.
2) By Application: Into Cardiology,
Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others.
3) By Type Of Expenditure: Public, Private.
Subsegments covered are computed tomography
(CT-scan) centers, medical radiological laboratories, dental or medical x-ray
laboratories, ultrasound imaging centers, magnetic resonance imaging (MRI)
centers.
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