Transparency Market Research Report Added "Medical Laboratories Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020"
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Routine medical testing includes full body testing including eye checkup, blood test, diabetes testing and others. Esoteric testing includes tests for rare diseases or substances that are not performed in the routine medical testing. Anatomical pathology testing includes histological analysis and urinalysis. Diagnostic imaging testing includes radiation procedures such as X-ray, MRI, CT and ultrasound used for diagnosing the patient's condition through imaging of internal organs.
Medical laboratories market is growing at a faster pace majorly due to increasing need for medical testing in aging population. Additionally, rising shift towards preventive care testing, compelling for technological improvements and innovations is also driving the medical laboratories market. While the demand for medical laboratories has increased many folds in recent years, this market is also posing a major challenge in the form of inadequate skilled workers. Moreover, according to the
Lack of availability of skilled professionals has forced operators to boost the salaries to attract new talent and retain the current employees. However, the rising use of standardization and automation in medical laboratories has helped mitigate the wage costs.
Moreover, the healthcare reform legislation formed in 2010 in
Some of the market players in the medical laboratories market include
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