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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - 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

 


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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