Medical & Diagnostic Laboratories Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/17/2014
SIC Codes: 8071, 8090, 8093, 8099
NAICS Codes: 6215
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Medical & Diagnostic Laboratories Industry Profile

Companies in this industry provide analysis and diagnostic services by examining body fluids and producing images of the body for medical professionals and patients. Major companies include Alliance HealthCare Services, LabCorp, Quest Diagnostics, and RadNet (all based in the US), as well as Biomnis (France), CML HealthCare (Canada), and Sonic Healthcare (Australia).

The commercial medical and diagnostic laboratory industry in the US consists of about 13,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $46 billion. Medical labs account for about 60 percent of industry revenue; imaging centers account for 40 percent.

COMPETITIVE LANDSCAPE

Demand is linked to the number of people receiving medical treatment. The profitability of individual companies depends on efficient operations and good marketing. There are large economies of scale in the operation of medical labs, which can receive samples from a wide geographical area. Small medical labs can compete effectively by providing specialized analyses, or by serving geographical regions with few medical facilities. Imaging centers don't have similar economies of scale because they must be located close to patients, so small firms can compete effectively with large ones in a particular area.

The US industry is fragmented: the 50 largest companies account for about 40 percent of revenue. However, the medical laboratories segment is concentrated: the 50 largest companies generate about 65 percent of segment revenue. The diagnostic imaging segment is fragmented: ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Medical & Diagnostic Laboratories that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options