Diagnostic & Medical Laboratories in Illinois
The past five years have been a period of growth for the Diagnostic and Medical Laboratories industry in Illinois. Though revenue declined after a surge in 2013, the industry has grown steadily since then. However, historically, revenue has been relatively stable, as industry services are a necessary part of the healthcare sector. After healthcare reform went into effect, the insured population grew significantly, driving demand for healthcare and industry services. Over the next five years, many of the trends that have supported industry growth are expected to continue. Total health expenditure in Illinois, for example, is expected to grow, as is the number of people with private health insurance in the state.
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.