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World Laboratory Services Market Forecasts Report 2020-2025 - Surge in the Geriatric Population will Drive Market Growth - ResearchAndMarkets.com
December 28, 2020 GMT
DUBLIN (BUSINESS WIRE) Dec 28, 2020
The global laboratory services market is expected to grow at a compound annual growth rate of 4.21% over the forecast period to reach a market size of US$468.249 billion in 2025 from US$365.690 billion in 2019.
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Surge in health care expenditure to boost the growth
With the surge and growth in the health care expenditure by countries, the laboratory services market will continue to grow at a significant rate. According to the data given by the OECD and the World Bank in 2019, The United States spends the most in the health care sector with 16.9% of its GDP was spent on health care services. Government and major players in the country have been developing clinical and conv
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