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(Medical-NewsWire.com, October 16, 2018 ) The health and wellbeing of individuals can be measured using biomarkers to assess factors behind sleep disorders and symptoms of stress. Biomarkers such as cortisol, testosterone, and secretory can indicate changes in immune system relating to physical and mental conditions. This can be used by physicians to know the causative factors behind such conditions. This is a premium service primarily targeted at wealthy individuals and the senior employees of corporations.
THE BUSINESS RESEARCH COMPANY EXPECTS THE MEDICAL AND DIAGNOSTIC LABORATORY SERVICES MARKET TO GROW TO $246 B ILLION BY 2021
Asia Pacific was the largest region in the medical and diagnostic laboratory services market in 2017, accounting for more than one-third of the market share.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, epigenetic changes are inherited changes to the DNA molecules which include the presence of certain methyl groups, the presence or absence of which can be used in the early diagnosis of certain diseases. These can be used in personalized medicine to diagnose patients and adapt treatment to their level of response to certain medicines. For instance, MDxHealth is using epigenetic markers to develop tests for cancer diagnosis and forecasts of recurrence. These new tests constitute an expansion of the range of services that medical and diagnostic laboratories can offer.
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Laboratory Corporation of America was the largest player in the medical and diagnostic laboratory services market with revenues of $9.4 billion in 2016. LabCorp’s growth strategy is to work upon portfolio expansion and to focus on the esoteric testing business. In 2015, LabCorp acquired Covance Inc. to comprehensive clinical laboratory services and end-to-end solutions for drug and diagnostics development and commercialization.
Medical and diagnostic laboratories perform tests on clinical specimens to gain insights and information on patients' health conditions to aid in the diagnosis, treatment, and prevention of diseases. The medical and diagnostic laboratory services industry comprises establishments primarily engaged in the detection and prevention of disease.
Medical And Diagnostic Laboratory Services Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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