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Diagnostic & Medical Laboratories in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Diagnostic & Medical Laboratories Market Research Report | NAICS 62151 | May 2016

Good results: The industry will benefit from increasing demand from an aging population

IBISWorld’s Diagnostic & Medical Laboratories market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$53bn
Annual Growth 11-16
0.8%
Annual Growth 16-21
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Profit
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Employment
285,094
Businesses
28,625
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 - Starting a New Business Chapter

Barriers to entry in this industry are moderate, although they vary by segment. For instance, barriers are higher in the medical laboratory segment. A significant barrier is the requirement for licensure, certification and accreditation, which can raise the cost of entry. In addition, certificate-of-needs laws in some states can restrict new supply in these states.

The cost of establishing a new business can be high, mostly due to the cost of equipment. The establishment of a viable service network, a referral base, systems and a trained workforce can be costly and time intensive. Regulation accreditation and compliance can also be relatively high-cost... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Diagnostic & Medical Laboratories Industry?

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.

Industry Products
General pathology servicesClinical pathology servicesMagnetic resonance imaging (MRI) services Anatomic pathology servicesX-ray/radiography imaging services
 
Industry Activities
Operating diagnostic imaging centersOperating dental or medical X-ray laboratoriesOperating medical forensic laboratoriesOperating medical testing laboratoriesOperating blood analysis laboratoriesOperating medical bacteriological laboratoriesOperating computer tomography (CT-scan) centersOperating magnetic resonance imaging (MRI) centersOperating medical radiological laboratoriesOperating ultrasound imaging centers


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