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| Global Assessment Services Market Size |
Assessment services help diagnose conditions and disorders related to various
clinical areas like microbiology, chemistry, hematology, and immunology. They
provide critical monitoring of health parameters and help detect early disease
stages. With growing lifestyle diseases and increasing healthcare costs, there
is a rising demand for preventive screening and effective monitoring.
Assessment services offer accurate diagnostics through techniques like
immunochemistry testing, blood chemistry analysis, therapeutic drug monitoring,
and microbiological culturing. They help identify health issues promptly and
monitor the effectiveness of treatments, improving patients' quality of life.
The global
Assessment Services Market is estimated to be valued at US$ 17.09 Mn in 2024 and is
expected to exhibit a CAGR of 4.6% over
the forecast period 2024 to 2031, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The key trend driving the growth of the assessment services market is the
increasing adoption of precision medicine. Precision medicine is an emerging
approach for disease treatment and prevention that considers individual
variability in genes, environment, and lifestyle for each person. It allows
doctors and researchers to predict more accurately which treatment and
prevention strategies for a particular disease will work in which groups of
people. Assessment services are increasingly playing a critical role in the
implementation of precision medicine by providing accurate diagnosis and
monitoring solutions to help customize treatment plans. Various diagnostic
tests offered by assessment service providers assess genomic and molecular
markers to gain insights into individual risk factors and disease
predispositions. This helps in selecting appropriate drugs and therapies for
better clinical outcomes.
Segment Analysis
The global assessment services market is dominated by the psychometric
assessment segment, which is expected to account for over 40% share of the
overall market through the forecast period. This is due to the increasing focus
on evaluation of cognitive, emotional and behavioral aspects of students for
admissions and recruitment applications. Psychometric assessments help evaluate
these parameters objectively through administration of standard tests.
Key Takeaways
Global
Assessment Services Market Size is expected to witness high growth over
the forecast period thanks to rising demand for evaluation services from
educational institutions and corporations globally. The global Assessment
Services Market is estimated to be valued at US$ 17.09 Mn in 2024 and is
expected to exhibit a CAGR of 4.6% over
the forecast period 2024 to 2031.
North America currently dominates the assessment services market and is
expected to maintain its leading position through 2031, supported by widespread
adoption of evaluation tests across recruitment and academic applications in
the region. Key players operating in the region include Abbott Laboratories,
Siemens Healthcare and Beckman Coulter Diagnostics.
Key players related content comprises Key players related content
Key players operating in the assessment services market are Abbott
Laboratories, Beckman Coulter Diagnostics, Siemens Healthcare, J. Mitra &
Co. Pvt. Ltd., Merck, Bloom Diagnostics, Finecare TSH, Biotech Co., Ltd. and
bioMérieux. Abbott Laboratories and Beckman Coulter Diagnostics offer
comprehensive diagnostic solutions for psychometric, clinical and industrial
assessment needs. Siemens Healthcare provides innovative medical technologies
focused on diagnostic imaging, laboratory diagnostics and molecular medicine
for pre-employment evaluation.
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