Current Elliot Tan Jeans,Clinical laboratories are a critical component of health care. Approximately 80% of physicians’ diagnoses are a result of laboratory tests, according to Kalorama Information, a healthcare market research firm.

Common routine tests include cholesterol level tests, HIV tests, pap tests, pregnancy tests, and substance abuse tests. Clinical lab testing is also used to monitor diseases and drug treatments. Specialty testing, which is often more costly, may include genetics, immunology, oncology, endocrinology, and other segments.

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NeoGenomics, Inc. is a U.S.-based cancer diagnostics company that serves hospital and private pathology laboratories, pharmaceutical development organizations, and office-based oncologists. The company acquired Clarient, Inc. in December 2015.

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Spectra Laboratories specializes in laboratory testing for dialysis patients and is a wholly-owned subsidiary of Fresenius Medical Care. Spectra’s laboratories complete more than 71 million tests each year.

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Understanding the Clinical Laboratory Services Market

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