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Medical Laboratory Services in the US Procurement Price, Data and Insights
These services include analytic or diagnostic services of specimens, including body fluids and tissue samples. Outsourced laboratories, such as commercial clinical laboratories, provide medical testing for buyers, such as hospitals, clinics, and nursing care facilities. Medical laboratories provide routine tests, such as blood and allergy tests, as well as nonroutine tests such as esoteric and gene-based tests.
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What’s included in this market coverage
IBISWorld's research coverage on the Medical Laboratory Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Medical Laboratory Services market in the United States includes Calcium Testing, Cholesterol Testing, Complete Blood Count (CBC) Panel, Hepatitis B Testing, HIV Testing, Immunoglobulin Testing, Insulin Testing, Lipid Panel, Urinalysis and Vitamin D Testing. Standard coding in this coverage includes ISIC-869-Other human health activities, NACE-86.90-Other Human Health Activities, NAICS-621510-Medical and diagnostic laboratories and UNSPSC-85121800-Medical laboratories.
What common market terminology is included?
Common market terminology included in the Medical Laboratory Services procurement coverage includes Capitated Contracts (Contracts that allow a client to pay a flat fee per member per month, regardless of the types and numbers of tests performed.), Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) (CRISPR technology is used for gene editing and is a diagnostic tool to test target regions in a DNA sequence for mutations.), Genomics (The study of DNA, genes, and chromosomes.), Managed Care Organization (MCO) (Healthcare providers that use a variety of techniques to reduce healthcare costs. MCOs include network-based hospitals.), Prognostic Test (A test used to evaluate the probability of a patient developing a disease or experiencing a medical condition.), Requisitions (Test requests, including body fluid and tissue sample analysis.) and Waived Test (Medical tests that are exempted from certain regulatory standards for the sake of timely and appropriate medical treatment, especially for patients with geographical or equipment constraints.).
What companies are included as top suppliers?
The top companies covered in the Medical Laboratory Services procurement report as suppliers are Neogenomics Inc., Opko Health, Inc., Myriad Genetics Inc., Lenco Diagnostics Laboratories Inc. and Sonic Healthcare Limited.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Medical Laboratory Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per requisition, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Medical Laboratory Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Medical Laboratory Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Medical Laboratory Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Medical Laboratory Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Medical Laboratory Services?
The 2026 benchmark market price for Medical Laboratory Services is $7.89 per requisition. Prices have increased at a CAGR of 2.25 from 2023-26.
Who are the top vendors in the Medical Laboratory Services market?
The top vendors in the Medical Laboratory Services market include Neogenomics Inc., Opko Health, Inc., Myriad Genetics Inc., Lenco Diagnostics Laboratories Inc. and Sonic Healthcare Limited.
What industries supply the Medical Laboratory Services market?
The top industries supplying the Medical Laboratory Services market are Chemical Wholesaling in the US, Inorganic Chemical Manufacturing in the US, Organic Chemical Manufacturing in the US, Computer & Packaged Software Wholesaling in the US, Computer Manufacturing in the US, Couriers & Local Delivery Services in the US, Gasoline & Petroleum Wholesaling in the US, Laboratory Supply Wholesaling in the US and Glass Product Manufacturing in the US.
What is the supply chain risk for Medical Laboratory Services?
Low supplier concentration strengthens negotiation leverage and contract flexibility for buyers . The medical laboratory service market exhibits low market share concentration, allowing buyers to choose from a wide array of suppliers without reliance on a few dominant vendors. This fragmented environment fosters price competition, frequent innovation, and customization. Procurement teams can leverage this by running competitive bid processes, negotiating robust price and service terms, and switching suppliers with minimal switching costs, giving buyers significantly enhanced contract flexibility and ongoing cost optimization opportunities.
What factors affect the price of Medical Laboratory Services?
The type of test significantly affects pricing in medical laboratory services, as routine tests like complete blood counts and urinalysis typically cost less due to their standardized nature and high volume, while nonroutine tests such as genetic or esoteric tests are priced higher due to their complexity, specialized equipment, and lower demand. Pricing is often measured by factors such as test complexity, required technology, and the expertise needed for interpretation, reflecting both the direct costs of materials and the indirect costs of skilled labor and equipment maintenance.
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