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With the pressure to deliver more test results at lower cost set to intensify, advanced information technology will enable laboratory professionals to be the drivers rather than the victims of change.

Transformation in the laboratory market drives systems innovation
Pathology in Practice: Transformation in the laboratory market drives systems innovation

The clinical laboratory market is in a period of rapid growth. Health expectations have risen globally in recent decades, with all member states of the World Health Organization committed to work toward the achievement of universal health coverage worldwide.

Pathology is involved in 70% of all diagnoses in the NHS. The global market for the clinical laboratory is expected to reach US$149 billion by 2020, if it follows the compound annual growth rate of 6.8% from 2014 to 2020 predicted in a new study by market analyst Grand View Research.

Driving this growth, along with the rise of universal healthcare, is an ageing population and the increased prevalence of chronic diseases such as obesity and diabetes. We are also seeing an upsurge in new testing methods, such as genetic testing and automated slide results scanning.

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“Transformation in the laboratory market drives systems innovation”