Clinical Laboratories are one of the most important segments in the healthcare industry's value chain. With the emergence of life style diseases and a paradigm shift in both public as well as private sector worldwide, focusing on preventive care rather then curative care, the importance of clinical laboratory industry is growing with the passage of time as laboratory tests help determine the presence, extent or absence of disease and monitor the effectiveness of treatment.

Various studies have shown that nowadays approximately 60% to 70% of doctors' decisions regarding a patient's diagnosis, treatment, hospital admission and discharge are based on laboratory test results.