![]() The healthcare system is increasingly recognizing the value that labs can play by becoming more of a clinical decision-making engine, helping patients conduct tests at home and physicians interpreting results and diagnosing and monitoring patients more accurately and faster. Several advances are poised to change the industry testing paradigm through speed, quality, efficiency, and scalability to guide patient care. This technology's relatively user-friendly nature is mainly due to advances in disposable test cartridges and microprocessor-based analyzers. #Restricted phone call quest diagnostics portableInnovative technologies have made POCT devices portable and also improved sampling techniques, so they are minimally disruptive. The modern laboratory has dramatically changed how tests are performed, and biopharmaceutical products are manufactured.Īs technology continues to revolutionize, there is an increasing need to provide a modern, quality-driven digital approach to laboratory operations that offers consumers unparalleled convenience, impactful innovation, and reliability. The digital transformation in the diagnostics laboratory showed how life science companies use digitalization in research and development or quality control laboratories. Thus, the increasing number of tests due to the constant increase in patient numbers and government funding is expected to surge the demand for various disease testing and propel the overall diagnostic labs market growth exponentially. ![]() ![]() Various testing laboratories entered the diagnostic labs market and significantly contributed to further growth.Īs per the Atlantic Monthly Group, there has been a massive increase in COVID-19 tests worldwide, from 760,441 tests in September 2020 to 964,792 new tests by October 2020. Many tests were carried out worldwide to identify the infected person and stop the spread of SARS-CoV-2. The rising number of COVID-19 infections has led to increased funding and tests, which has boosted the overall diagnostic labs market growth. This has led to higher demand for better treatment with efficient management, further driving the diagnostic labs market in the US. #Restricted phone call quest diagnostics driversThey are the main drivers of the US$ 3.8 trillion US healthcare industry in annual healthcare costs. It is estimated that the US will experience significant growth due to its high burden of chronic diseases, which requires support from clinical laboratory services for efficient treatment and patient care.Ĭhronic diseases such as cancer, heart disease, and diabetes are the leading causes of death and disability in the US. Therefore, the rising incidence of chronic diseases is expected to propel the overall diagnostic labs market further. ![]() Clinical diagnostics help identify early warning signs and individual risk factors and create new opportunities for prevention and early intervention. The experts in the pathology labs are skilled enough to get into the details of the underlying problems.Ĭlinical diagnostics have thus proven beneficial in the states with prevalent chronic diseases and are valuable in disease prevention, detection, and treatment. Diagnostic laboratories play an important role in reducing the widespread impact of certain diseases. ![]() As their ability to gain insight into the disease has become more accessible, they can apply the right approach.Īs a result, treating diseases has become efficient and effective. Modern medical facilities are adequate compared to traditional techniques. However, a shortage of skilled professionals hampers the overall market growth.Ī diagnostic laboratory means an institution (or facility within an institution) equipped with apparatus and reagents for performing diagnostic tests for human infections. Additionally, the growing developments in diagnostics laboratories are likely to emerge as a significant future trend in the diagnostic labs market from 2022 to 2028. The increasing prevalence of chronic diseases, increasing use of point-of-care diagnostics, and rising healthcare expenditures bolster the growth of the diagnostic labs market. The diagnostic labs market is projected to grow from US$ 297.06 billion in 2021 to US$ 514.28 billion by 2028 it is expected to grow at a CAGR of 8.3% from 2022 to 2028. ![]()
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