Diagnostic & Medical Laboratories in the US - Industry Market Research Report

Diagnostic & Medical Laboratories in the US - Industry Market Research Report

  • May 2021 •
  • 46 pages •
  • Report ID: 199145 •
  • Format: PDF
Patient history: The industry will likely benefit from new-and-improved service capability advances

Abstract

Diagnostic & Medical Laboratories in the US
Operators in the Diagnostic and Medical Laboratories industry are an integral part of patients’ medical evaluation and treatment. Laboratories are vital to the healthcare market, as industry operators provide healthcare practitioners with information concerning the onset, severity and cause of patients’ ailments and illnesses. The aging population and the movement toward preventive care have stimulated demand for industry services. Over the five years to 2019, industry revenue is anticipated to increase. Industry consolidation has also boosted industry profitability due to larger operations enabling laboratories to share their research and development expenditures and secure large-scale contracts with hospitals that lack in-house laboratory testing. Over the five years to 2024, industry revenue is forecast to grow.

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.

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.
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