Industry Analysis & Industry Trends
Healthcare has been shifting from curative care to detection, prevention and personalized care over the past five years, which has benefited the Diagnostic and Medical Laboratories industry. Moreover, the trend of preventive care stimulates demand for industry services, as more physicians monitor patients' blood and tissue, and test for health ailments with technology like MRI scans. However, the recession caused fewer individuals to have employer mandated health insurance and greatly limited industry revenue growth over the period. Nevertheless, during the next five years, the industry is expected to benefit from healthcare reform and the growing aging population, which will boost revenue, in turn... 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