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 Locations Chapter
The location of industry establishments is largely influenced by the size of the population in the United States and the age distribution of the region. Diagnostic and medical laboratories are generally located in proximity to hospitals and physicians' offices because these healthcare providers refer patients to laboratories. Because laboratories locate near hospitals and physicians, the geographic distribution of industry operators follows that of healthcare providers. Physicians are not consistently distributed, though, with much fewer located in rural areas.
Geographic access to physicians has improved during the past five years, whereas laboratories have not diffused to rural areas as quickly... purchase to read more