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Clinical Laboratory Services Market is expecting to grow at a faster rate in the forecast period due to factors including increasing demand for early detection of diseases, rising investments on the research and development of the clinical products, rising complications in the management of healthcare products, rising demand for innovative laboratory testing procedures of and rising need of places that speeds-up the process of healthcare research. However, concern regarding increasing cost may hamper the growth of clinical laboratory services market.

Both the developed and developing countries are highly investing in the several types of clinical researches, thus, the demand for Clinical laboratory services is increasing from year to year. Additionally, rising healthcare centers and hospitals also drive the market for Clinical laboratory services.

Europe had the highest market share in 2017, primarily due to increasing the incidence of chronic disease conditions in the region. Germany and U.K. hold the major share in this region due to increasing research and development activities. Other factors such as rising investment by the government on healthcare and the increasing number of clinical research centres in the region also drive the market for Clinical laboratory services through the forecast period.

North America is expected to have a higher growth rate in the forecast period due to high awareness about early diagnosis, an increasing rate of lifestyle diseases, and the rising number of seasonal diseases in the region. U.S. and Canada held the major share in this region due to rising investment from the government and other private organizations for clinical research and development in the countries.

Stand-alone laboratories had the highest market share in 2017, primarily due to a rising number of infectious diseases. Other factors including advancement in the laboratory technologies, increasing demand for quick results, and advancement in the test methodology in

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