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Diagnostic & Medical Laboratories in the US - Industry Market Research Report

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    Report

  • 55 Pages
  • August 2022
  • Region: United States
  • IBISWorld
  • ID: 16906

Scan it: The industry is likely to benefit from healthcare policy changes

Operators in the Diagnostic and Medical Laboratories industry are an integral part of patients' medical evaluation and treatment. Laboratories are vital to the healthcare market, as industry operators provide healthcare practitioners with information concerning the onset, severity and cause of patients' ailments and illnesses. The aging population and the movement toward preventive care have stimulated demand for industry services. Over the five years to 2019, industry revenue is anticipated to increase. Industry consolidation has also boosted industry profitability due to larger operations enabling laboratories to share their research and development expenditures and secure large-scale contracts with hospitals that lack in-house laboratory testing. Over the five years to 2024, industry revenue is forecast to grow.

Operators in this industry provide analytic services to identify or determine the nature and cause of a disease or injury through the evaluation of a patient’s history, examination and data. These services are provided to healthcare providers or patients upon 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.


Table of Contents

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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • American Clinical Laboratories Inc.
  • Laboratory Corporation Of America Holdings
  • Quest Diagnostics Inc.
  • Roche Holding AG
  • Opko Health Inc.
  • ACL Laboratories
  • Alliance Healthcare Services Inc.
  • Accu Reference Medical Lab
  • Sonic Healthcare Limited
  • Northern Illinois Clinical Laboratory
  • Lenco Diagnostics Laboratories Inc.
  • Florida Medical Clinic Llc
  • Enzo Biochem Inc.
  • South Jersey Radiology
  • International Medical Laboratory

Methodology

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