The global clinical reference laboratory market is experiencing steady growth, driven by the increasing demand for accurate diagnostic tests, advancements in genetic testing, and the rise of personalized medicine. Clinical reference laboratories provide high-quality diagnostic testing services, such as blood and urine tests, genetic testing, and disease-specific analyses, which are essential in disease management and prevention. Growing chronic disease prevalence and aging populations globally are key factors contributing to the market's expansion. The market is also benefiting from innovations in molecular diagnostics and the increasing adoption of point-of-care testing. Technological advancements, such as automation and artificial intelligence integration, are further improving test accuracy and turnaround times, which enhances laboratory services.
