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  Clinical Reference Laboratory Market Overview The global Clinical reference laboratory market has been evaluated as progressively growing market and it is expected that the market will continue to grow similarly in the near future. The adoption of the value based services has gained the pace as the hospitals nowadays have started outsourcing some part or even all of their pathology and radiology diagnostic services. One of the reason for increased outsourcing by hospitals is that the hospital budgets are becoming constrained as a result of declining Medicare reimbursements. The cut down in clinical lab reimbursement rates under Medicare have a profound impact on the U.S. lab industry. It was not limited to the direct billings, but the U.S. clinical labs that depends on Medicare for close to 20% of billings and for certain communities it is as high as 80% of business that got affected. In continuous efforts to protect the hospitals bottom line, many hospital CEOs are turning to ...