LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global clinical laboratory services market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Due to the growing importance of the early and effective diagnosis of diseases, the demand for clinical laboratory services has been growing. Due to the growing prevalence of chronic diseases such as cardiovascular diseases (CVDs) and RA, clinical laboratories conduct a wide range of tests.
Amber Chourasia, a lead analyst from Technavio, specializing in research on lab equipment sector, says, “The growing adoption of clinical laboratory services has resulted in increasing investments in research and development to develop technologically advanced products that can process large volumes of samples quickly. Some technologically advanced products that are used in clinical laboratories are biochips, microarrays, and companion diagnostics.”
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The top three emerging trends driving the global clinical laboratory services market according to Technavio research analysts are:
- Increasing adoption preventive healthcare
- Emergence of corporate wellness programs
- Increase in adoption of premarital screening
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Increasing adoption preventive healthcare
Due to the growing prevalence of chronic diseases, the adoption of preventive healthcare is increasing. Preventive healthcare involves disease prevention rather than treatment. Disease prevention is possible due to routine healthcare tests. The adoption of routine healthcare tests is also increasing.
“The prevalence of transmittable diseases is also increasing. People are vulnerable to bacterial and viral infections due to unhealthy food habits, which is increasing the demand for tests such as malaria and TB, which are prevalent in tropical countries,” according to Amber.
Emergence of corporate wellness programs
Corporate wellness programs are activities that are designed to support healthy behavior improve the health conditions of employees. Corporate wellness programs include several services such as health risk assessment, nutrition and weight management, smoking cessation, fitness services, and stress management.
Corporate wellness programs also include health tests. Such tests include cholesterol testing, body mass index (BMI), blood glucose levels, BP tests, blood and urine tests. Organizations offer healthcare assessment programs at on-site workplace events.
Increase in adoption of premarital screening
Premarital screening involves testing for infectious, genetic, and transmissible diseases. This is to prevent the further risk of disease transmission between couples and their children. Due to increasing awareness about the benefits of premarital screening, the number of premarital programs that aim to educate couples and provide accurate and unbiased information is increasing.
Since the 1950s, countries in the Middle East have reduced infant mortality rates and improved access to healthcare and life expectancy. Significant congenital disabilities or genetic diseases that would affect around 2%-3% of all pregnancies, account for up to 15-20% of pediatric hospital admissions and cause about 30%-40% of childhood deaths.
The key vendors are as follows:
- Abbott Laboratories
- LabCorp
- Quest Diagnostics
- Siemens Healthineers
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