Diagnostic & Medical Laboratories in the US
Laboratories are vital to the healthcare sector, as Diagnostic and Medical Laboratories 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 2018. 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 2023, industry revenue is forecast to grow. The industry will benefit from scientific advances that yield new and improved service capabilities, coupled with the aging US population requiring more laboratory testing and diagnostic imaging services.
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.