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Diagnostic & Medical Laboratories in the US
IBISWorld, December 2012, Pages: 47
Healthy prognosis: New technologies and greater insurance coverage will strengthen demand
Diagnostic & Medical Laboratories in the US
A healthy prognosis
Medical laboratories fared well during the recession due to the necessary nature of their services and the aging US population, which requires a greater need for medical testing. The industry can expect much of the same in the coming years, particularly after the 2010 healthcare reform bill begins to take effect. With more people receiving health insurance, demand for medical testing will increase. Additionally, as chronic diseases become more prevalent, the development of more sophisticated types of testing will further drive industry growth.
This industry provides analytic services to identify or determine the nature and cause of a disease or injury through evaluation of a patient’s history, examination and data. These services are provided to healthcare providers or to patients on referral from health practitioners.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
MAJOR COMPANIES.
Laboratory Corporation of America Holdings
Quest Diagnostics Inc.
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