Clinical Reference Laboratories Market Research Report- Global Forecast To 2027 Clinical reference laboratory market is expected to grow at rapid pace post 2016 as the market is growing due to increasing value-based outsourcing from hospitals which will boost the market for clinical reference lab services the market for global Clinical reference laboratory is expected to reach US$ 247,167.8 million by the end of the forecasted period. Market Highlights Clinical reference laboratories are used to support diagnosis/analysis in patient care as well as medical research. Laboratory services are an essential part of disease diagnosis, treatment, monitoring response to treatment, disease surveillance programs and clinical research. The test results therefore should be consistent, precise and reproducible. Generation of such quality results includes a step wise process of thoughtful planning, perfect implementation and thorough checking of results by the whole team involved. International guidelines lay down the principles of a Clinical reference Laboratory Practices to be monitored by medical researchers to generate quality data. The global Clinical reference laboratory market has been evaluated as progressively growing market and it is expected that the market will continue to grow similarly in the near future. The adoption of the value based services has gained the pace as the hospitals nowadays have started outsourcing some part or even all of their pathology and radiology diagnostic services. One of the reason for increased outsourcing by hospitals is that the hospital budgets are becoming constrained as a result of declining Medicare reimbursements. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1190 The cut down in clinical lab reimbursement rates under Medicare have a profound impact on the U.S. lab industry. It was not limited to the direct billings, but the U.S. clinical labs that depends on Medicare for close to 20% of billings and for certain communities it is as high as 80% of business that got affected. In continuous efforts to protect the hospitals bottom line, many hospital CEOs are turning to outsource various value based services, various companies are rising to offer these diagnostic outsourcing contracts from hospitals. Hence, the increasing value based outsourcing from hospitals has enhanced the market for these independent reference laboratory services. Major Market Players:
Laboratory Corporation of America, KingMed Diagnostics, Aurora Diagnostics, Sonic HealthCare Limited, Synlab International GmbH, Bioreference Laboratories, Unilabs, Clinical Reference Laboratory, ARUP Laboratories, Quest Diagnostics