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Article: Clinical Diagnostic Lab Testing Market to Grow Over 90% through 2017.
- Article from:
- Biotech Week
- Article date:
- April 29, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A new study from market research firm Washington G-2 Reports indicates that the clinical diagnostic lab testing market will reach $98.4 billion in revenue by 2017. An increase in genetic testing, esoteric testing, consumer driven healthcare, aging demographics and expanded access to healthcare are among the key factors contributing to strong market growth (see also Diagnostics).
Washington G-2 Reports' Lab Industry Strategic Outlook: Market Trends & Analysis 2009 also shows other key factors contributing to the rapid evolution of the clinical diagnostic lab testing industry -- for instance, the M&A wave that hit the industry over the past two years --settling in ...