The clinical lab market is booming as the ‘silver tsunami’ continues to grow, chronic medical conditions increase, and the maturation of genomics and proteomics leads to increased point-of-care and preventative testing. According to Acumen Research and Consulting,the clinical lab services market is estimated to reach a valuation of $330 billion by 2026.
Despite immense growth, barriers to productivity remain for lab professionals. The FDA has on several occasions issued guidance around approvals of companion diagnostic tests, and the way Medicare pays for clinical diagnostic tests has shifted since early 2018 due to the implementation of Protecting Access to Medicare Act in the United States. On top of these regulatory and reimbursement hurdles, our customers are faced with more pressure than ever to keep costs down as much as possible.
The bottom line? For hospitals and clinics to remain laser-focused on ensuring the best patient outcomes, clinical labs need to function flawlessly. For clinical diagnostic laboratories, that means providing patients and providers with accurate results in as timely a manner as possible. For clinical research labs, it means garnering research that can result in scientific breakthroughs as quickly as possible.
At Thermo Fisher Scientific we understand these various market dynamics and are committed to supporting our customers by providing a one-stop-shop for safe, secure and reliable sample handling. From consumables, such as sample containers and storage tubes, to equipment, such as biological safety cabinets, clinical centrifuges and refrigeration solutions, our broad range of products are designed to help improve patient diagnosis and enhance the clinical workflow.
Beyond having the products you might need for your clinical lab in one place, we are committed to supporting health system leaders, diagnostics labs and clinical laboratory professionals with a consultative, comprehensive approach that includes: a dedicated point of contact, streamlined, effective workflows, maximized capacity and throughput, cost optimization and quality/regulatory support.
Our focus is to provide our customers what they need, when they need it, so they can focus on getting results that will help improve patient outcomes.