IBISWorld’s Medical Laboratory Services Procurement Research Report is a comprehensive guide to purchasing Medical Laboratory Services. This report offers strategic analysis of the factors influencing purchasing decisions, including price trends and three-year forecasts, input costs and demand factors, along with key suppliers and an analysis of the extended supply chain. Armed with the right procurement intelligence, your company will be able to make educated purchasing decisions.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Medical Laboratory Services - Recent Price Trend

The average price for laboratory testing has been contracting slightly at an estimated annualized rate of 0.2% in the three years to 2017. Although rising focus on preventive and personalized care has increased demand for medical laboratory services, tightening regulations and Medicare reimbursement cuts have allowed prices to decline during the period.Changing regulatory standards have...


Medical Laboratory Services - Total Cost of Ownership

There are no direct hidden costs of ownership associated with buying medical laboratory services, resulting in a low total cost of ownership (TCO). Buyers benefit from the low TCO because they do not need to worry about long-term price implications, which makes it easier to switch suppliers. Nonetheless, there are costs that buyers must consider, such as shipping and handling fees. Because...


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About this Report

This report is intended to assist buyers of medical laboratory services. These services include analytic or diagnostic services of specimens, including body fluids and tissue samples. Outsourced laboratories, such as commercial clinical laboratories, provide medical laboratory services. Medical laboratories provide routine tests, such as blood and allergy tests, as well as nonroutine tests such as esoteric and gene-based tests. This report does not include services for veterinary specimens, diagnostic services by medical imaging, drug-testing services or specimen holding banks.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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