Good results: California's growing elderly population will spur revenue growth

The Diagnostic and Medical Laboratories industry is a crucial part of the California healthcare sector. Industry operators provide testing and examination services for patients in order to diagnosis and prevent diseases and injuries. Due to the industry's important role in the healthcare sector, diagnostic and medical laboratories benefit from increased demand for healthcare services. A significant driver of this access to health insurance, because when people have health insurance, they are more likely to receive preventative care. Though laboratories are used in diagnosing patient conditions, preventative care accounts for a significant portion of industry operations...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Industry revenue will be supported by rising demand for healthcare services
  • Industry operators are an essential part of the healthcare sector
  • Skilled employees are necessary to keep up with growing demand
  • Industry Report - Industry Key Buyers Chapter

    The Diagnostic and Medical Laboratories industry in California exhibits a moderate level of concentration, with the four largest players accounting for about 40.0% of industry revenue in 2017. However, the majority of this market share comes from the two national players, Quest Diagnostic and Laboratory Corp of America. The rest of the industry is highly fragmented and dominated by small and medium-sized operators with only one or a few locations. In California, the industry is particularly dominated by enterprises that emphasize one region, such as West Pacific Medical Laboratories, which operates mainly in Los Angeles, and Marin Medical Laboratories, which operates in northern California...purchase to read more.

    Additional Insights for the Diagnostic & Medical Laboratories in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Diagnostic & Medical Laboratories in California Industry are

  • Ensuring pricing policy is appropriate
  • Having a good reputation
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Number of People with Private Health Insurance in California and Total health expenditure in the Diagnostic & Medical Laboratories in California industry impact industry performance..

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    What's in this report

    What is the Diagnostic & Medical Laboratories in California 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
  • Clinical pathology services
  • General Pathology
  • Anatomic pathology
  • Medical resonance imaging
  • X-ray and radiography imaging
  • Industry Activities
  • Operating diagnostic imaging centers
  • Operating dental or medical X-ray laboratories
  • Operating medical forensic laboratories
  • Operating medical testing laboratories
  • Operating blood analysis laboratories
  • Operating medical bacteriological laboratories
  • Operating computer tomography (CT-scan) centers
  • Operating magnetic resonance imaging (MRI) centers
  • Operating medical radiological laboratories
  • Operating ultrasound imaging centers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of People with Private Health Insurance in California
  • Total health expenditure
  • Number of Adults Aged 65 and Older in California
  • Federal funding for Medicare and Medicaid

  • Current Performance
  • Rising demand
  • Industry makeup
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued growth
  • More companies
  • Table: Diagnostic & Medical Laboratories in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Diagnostic & Medical Laboratories in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Veterinary Services
  • Primary Care Doctors
  • Specialist Doctors
  • Chiropractors
  • Emergency & Other Outpatient Care Centers
  • Hospitals
  • Psychiatric Hospitals
  • Specialty Hospitals

  • Key Selling Industries
  • Chemical Wholesaling
  • Inorganic Chemical Manufacturing
  • Medical Device Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling
  • Organic Chemical Manufacturing

  • Products & Services
  • General Pathology
  • Clinical pathology services
  • Other
  • Medical resonance imaging
  • X-ray and radiography imaging
  • Anatomic pathology
  • Chart: Diagnostic & Medical Laboratories in California Industry Products and Services Segmentation

  • Major Markets
  • Patient and insurance payments
  • Health practitioners
  • Hospitals
  • Other
  • Outpatient care facilities
  • Other healthcare providers
  • Chart: Major Market Segmentation for the Diagnostic & Medical Laboratories in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Diagnostic & Medical Laboratories in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Diagnostic & Medical Laboratories in California Industry

  • Laboratory Corporation of America Holdings, Quest Diagnostics Inc., Alliance Healthcare Services Inc, Marin Medical Laboratories, West Pacific Laboratories,
  • Table: Laboratory Corporation of America Holdings - financial performance
  • Table: Quest Diagnostics Inc. - financial performance
  • Table: Alliance Healthcare Services Inc - financial performance
  • Table: Marin Medical Laboratories - financial performance
  • Table: West Pacific Laboratories - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Diagnostic & Medical Laboratories in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Diagnostic & Medical Laboratories in California Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Anatomical Pathology Test
  • A test that analyzes diseases by examining changes in human tissues and cells.
  • Capitated Payment Contract
  • A healthcare plan that allows payment of a flat fee for each patient it covers.
  • Computed Tomography (Ct)
  • A body scan that uses X-ray equipment to obtain image data from different angles around the body, and then uses computer processing to create a cross-section of body tissues, organs and bony anatomy.
  • Esoteric Tests
  • Tests that analyzes rare substances or molecules that are not performed in routine clinical labs.
  • Genomics
  • The study of DNA, genes and chromosomes.
  • Magnetic Resonance Imaging (Mri)
  • A procedure that uses a magnet linked to a computer to create detailed pictures of areas inside the body.
  • Managed-Care Organization (Mco)
  • Any organization that contracts with physicians for the delivery of medical care and exercises control over the care provided.
  • Medicaid
  • A joint federal and state program that helps pay for healthcare expense for the low-income population and certain aged and disabled individuals.
  • Medicare
  • A federal system of health insurance for people over 65 years of age and for certain younger people with disabilities.
  • Positron Emission Tomography (Pet)
  • A highly specialized imaging technique that uses short-lived radioactive substances and produces three-dimensional colored images.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Diagnostic & Medical Laboratories in California is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Diagnostic & Medical Laboratories in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Diagnostic & Medical Laboratories in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Diagnostic & Medical Laboratories in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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