Industry Analysis & Industry Trends
Operators in the Diagnostic and Medical Laboratories industry 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. Furthermore, the aging population and the movement toward preventive care have stimulated demand for industry services. For example, as more elderly patients received preventive screening tests, many required laboratory services to address irregular screening results... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Diagnostic and Medical Laboratories industry is in the mature stage of its life cycle, evidenced by the industry growing at a slower pace compared with the overall US economy. During the 10 years to 2021, industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to increase at an annualized rate of 0.8%. Comparatively, GDP is projected to grow at an annualized rate of 2.2% during the period. While the aging population is boosting demand for industry services, the industry has focused on consolidation to generate growth.
Laboratories have been used for many decades, which will allow a few players to dominate the industry over the next five years... purchase to read more