Medical & Imaging Laboratories - Industry Profile - Market Research Reports

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Medical & Imaging Laboratories - Industry Profile

Description:

Covering over 175 industries and updated every 90 days, the First Research Industry Profiles do the heavy lifting for you - saving your sales team valuable research time, enhancing client communications and giving you the competitive edge to win more business.

Easy-to-use and up-to-date, the Industry Profiles provide you with the industry research necessary to stay on top of constant changes in select industries.

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Executive Summary

Brief Excerpt from Industry Overview Chapter:

The commercial medical and diagnostic laboratory industry in the US consists of about 5,000 companies with combined annual revenue of $3 billion. Major companies include Quest Diagnostics and Laboratory Corporation (LabCorp) in the medical lab segment, and Alliance Imaging and RadNet in the imaging segment. The industry is fairly fragmented: the 50 largest companies hold just over 40 percent of the market. Medical labs account for about two-thirds of industry revenue; imaging centers account for one-third.

COMPETITIVE LANDSCAPE

Demand is linked to the number of people receiving medical treatment. The profitability of individual companies depends on efficient operations and good marketing. There are large economies of scale in the operation of medical labs, which can receive samples from a wide geographical area. Small medical labs can compete effectively by providing specialized analyses, or by serving geographical regions with few medical facilities. Imaging centers don't have similar economies of scale because they must be located close to patients, so small firms can compete effectively with large ones in a particular area. The industry is fairly labor-intensive: annual revenue per worker is $140,000.

PRODUCTS, OPERATIONS & TECHNOLOGY

Medical labs (often called "clinical labs") receive specimens of body fluids (most often blood) or tissues collected from patients, and perform a wide variety of tests to determine the presence and amount of various biochemicals to help doctors diagnose and treat medical conditions. Laboratory Corporation offers about 4,000 ...

Contents:

Industry Overview
Quarterly Industry Update
Business Challenges
Trends AND Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Website and Media Links
Glossary of Acronyms

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