Industry Analysis & Industry Trends
Diagnostic and medical laboratories are an integral part of patients' medical evaluation and treatment. Laboratories are vital to the healthcare sector due to industry operators providing healthcare practitioners with information concerning the onset, severity and cause of patients' ailments and illnesses. Over the past five years, Medicare and Medicaid, which includes coverage for most clinical diagnostic laboratory services, have bolstered industry growth. In the coming years, 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... purchase to read more
Industry Report - Industry Products Chapter
Analytic or diagnostic services, including body fluid analysis (pathology) and diagnostic imaging, not only help physicians diagnose patients' ailments, but also form a critical part of the full continuum of healthcare delivery: prevention, diagnosis, treatment and monitoring. Scientific advancements in testing capabilities and the age profile of the population influence the extent to which specific types of analytic or diagnostic tests are used. Older people are more likely to suffer from heart disease, liver disease or cancer, which stimulates demand for the elderly to receive testing for these ailments.
The US market in gene-based testing is in excess of $2.5 billion per year and is growing by more than 10.0% per year... purchase to read more