Diagnostic & Medical Laboratories in Florida
With a high portion of adults over the age of 65, Florida has a strong healthcare sector. As the majority of the average person's health expenditure comes after the age of 65, demand for healthcare services is greatest in regions with high concentrations of elderly people like Florida. This is the case for the Diagnostic and Medical Laboratories industry in Florida. Demand for medical and diagnostic testing services is particularly driven by the number of people over the age of 65, which has grown in Florida over the past five years. The trends that have supported industry revenue growth in the past are expected to continue over the five years to 2022. The number of adults aged 65 and older is projected to continue rising significantly faster than the total population of Florida, while total health expenditure is anticipated to continue increasing, albeit at a slightly slower pace. However, the number of people with private health insurance is projected to rise at a significantly slower pace, resulting in stifled revenue growth.
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.