Diagnostic & Medical Laboratories in the US

Industry diagnosed with growth

Displaying the characteristics of an industry in the growth phase of its life cycle, the aging population, a greater focus on early detection and prevention, and an increase in the range of available tests suggests that solid growth is likely to continue. However, industry players will need to keep an eye on substitute services, which have the potential to erode market share.

This industry comprises establishments known as medical and diagnostic laboratories primarily engaged in providing analytic or diagnostic services, including body fluid analysis and diagnostic imaging, generally to the medical profession or to the patient on referral from a health practitioner. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.