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Market Research Estimates the Central Laboratory Market at $1.5 Billion

ROCKVILLE, MD — (Marketwire) — 01/05/12 — MarketResearch.com has announced the addition of the new report “Central and Core Laboratories: The Definitive Guide to the Current Status and Future Prospects of Central Clinical Pathology, ECG and Imaging Laboratories” to their collection of Biotechnology market reports. For more information, visit

This report shows that the central laboratory business is today a global business worth over $1.5 billion. It is a business that is indispensable to the research based pharmaceutical industry. The report traces the fascinating history of clinical pathology and shows how this medical analysis “lab tests,” has come to form the basis of the global central laboratory business.

Today much of the clinical development of new drugs is outsourced by the pharmaceutical industry. This outsourcing is managed by hundreds of contract research organizations world-wide ranging from global industry leaders such as Covance to small two person niche companies. The proportion of the work outsourced continues to grow at a healthy double digit rate and today approaches 30% on average. Laboratory pathology analysis of blood, urine and other patient specimens is on the other hand, outsourced at a virtually 100% level with few parameters, usually biomarkers, being analyzed in the pharmaceutical companies- laboratories.

The central laboratory business is by its very nature a global business now that the pharmaceutical industry has moved to global drug development. Unlike contract research organizations a small pathology laboratory cannot compete and the vast majority of the business is concentrated in the hands of relatively few, perhaps 20, large players. The report provides a detailed review of these companies.

For those whose daily work does not bring them into close proximity with central laboratories this report is a useful primer on what the laboratories do, how they are equipped and how they fit into clinical drug development programs.

Choosing a central laboratory and then contracting with it are vital to the successful outcome of a clinical trial. How these are best accomplished is addressed in the report.

For more information, visit

MarketResearch.com is the leading provider of global market intelligence products and services. With over 300,000 research reports from more than 700 top consulting and advisory firms, MarketResearch.com offers instant online access to the world-s most extensive database of expert insights on global industries, companies, products, and trends. For more information, call Veronica Franco at 240-747-3016 or visit .

Contact:
Veronica Franco
MarketResearch.com

240.747.3016

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