Keywords : clinical laboratory, POC testing
Clinical Laboratory testing industry , also called the diagnostic testing industry in broader terms, includes all the medical tests done at the laboratories. Laboratory testing forms the basis for most of the decisions in diagnosis, treatment, and prognosis. There has been a notable shift away from traditional, fee-for-service medicine to managed-cost health care, bringing about many industry -based changes in the clinical laboratory indus...
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Clinical Laboratory testing industry , also called the diagnostic testing industry in broader terms, includes all the medical tests done at the laboratories. Laboratory testing forms the basis for most of the decisions in diagnosis, treatment, and prognosis.
There has been a notable shift away from traditional, fee-for-service medicine to managed-cost health care, bringing about many industry -based changes in the clinical laboratory industry . There has also been a rise d focus on preventive medicine driving the industry . The increasing aging population is the primary driver of this industry . The resultant shift towards esoteric and genomic testing has further driven the growth of the industry .
Within Europe, Germany is the largest pathology industry . China is a major Asian industry in laboratory testing. The players in this industry are also concentrated regionally and there are no global players. Quest Diagnostic and Laboratory Corporation of America are focused on the US industry . Sonic Healthcare, Primary Health Care and Healthscope are the major players present in the Australian industry . LabCo is a player focusing entirely in Europe, while Quest and others are also present there. The regional industry s seem to be merging as the players are now grow ing their reach beyond their domestic industry s.
Laboratory services are being provided mainly by three type of service providers, hospital-based laboratories, physician-office laboratories, and independent clinical laboratories. The independent clinical laboratories include all the private players like Quest, LabCorp discussed in this report. These service providers are being reimbursed by the payers for their services. Payers include both public payers like Medicare and Medicaid and private payers like private insurers.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the market . We employed various significant variables that have an impact on this market and created regression models with SPSS Base to determine the future direction of the market . Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
The report analyzes the clinical testing industry , with focus on the US industry . The report introduces the industry by defining clinical as well as diagnostic testing industry s, the type of tests, the regulatory environment, the customers and the payers. The report covers the size of regional industry s like the US and Europe. The growth drivers, trends and challenges are also discussed. The major regional players have been profiled, highlighting their strategies for this growing industry .
In Vitro Diagnostic Industry in Europe
I. Overview
I. 1 Overview of Laboratory testing
I. 2 Types of Tests
I. 3 Laboratory Regulatory authorities
I. 4 Customers & Payers
II. Industry Value
II. 1 US Industry
Market Value
Growth Rate
Market Share
Market Segments
II. I. 1 US Regional industry s
II. 2 European Industry
II. 3 Australian Pathology Industry
Market Growth
Market Share
III. Reimbursement
III. 1 US Industry
III. 2 Australian & New Zealand Industry
IV. Industry Dynamics
IV. 1 Market Drivers
IV. I. 1 Favorable Demographics
IV. I. 2 Healthcare Expenditure
IV. I. 3 Genomic Testing
IV. I. 4 Increase in Cancer Survival & Incidence Rates
IV. I. 5 Cost Effectiveness of Laboratory Testing
IV. I. 6 Emergence of Point-of-Care (POC) Testing
IV. I. 7 Personalized Medicine
IV. 2 Industry Trends
IV. II. 1 Increased Testing
IV. II. 2 Technological Advancement
IV. II. 3 Health Information Technologies
IV. II. 4 Customer & Payer Consolidation
IV. II. 5 Highly Competitive Environment
IV. II. 6 Regulatory & Policy Environment
IV. 3 Industry Challenges
IV. III. 1 Cross Border Delivery of Clinical Laboratory Services
IV. III. 2 Reimbursement Risk from Payers in US
V. Mergers & Acquisitions
VI. Industry Player s
VI. 1 Quest Diagnostics
Overview
Business Strategies
Superior Patient Experience
Leader in Medical Innovation
Expansion of Geographic Reach
VI. 2 Laboratory Corp. of America
Overview
Business Strategies
Scientific Differentiation
Relationship with Managed Care providers
Focus on Customer Service
VI. 3 Sonic Healthcare
Overview
Business Strategies
Strengthening Industry Presence in Germany
Expansion in the US
VI. 4 Healthscope
Overview
Business Strategies
Restructuring through Acquisitions & Disposals
Occupational Health and Safety
VII. Industry Outlook
VII. 1 Industry Projection
VII. 2 Projection Methodology
VII. II. 1 Dependent and Independent Variables
VII. II. 2 Correlation Analysis
VII. II. 3 Regression Analysis
List of Tables
Customers & Payers for Independent Clinical Laboratories
CLIA Laboratories by Type of Facilities (2008)
US Top 10 MSA Estimated Lab Industry s (2008)
European Diagnostic Testing Scenario
CAGR of US Aging & Total Population (2010-30E)
Selected Clinical Laboratory Mergers & Acquisitions (2000-07)
Dependent & Independent Variables (2002–08)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
List of Charts
Type of Laboratory Tests
Global Government Healthcare Expenditure as % of Gross Domestic Product by Country (2007)
Global Total Healthcare Expenditure as % of Gross Domestic Product by Country (2007)
US NHE & PHCE Growth (2000-08P)
US Healthcare Spending Breakdown (2008)
US Clinical Laboratory Industry Growth (2000-08E)
US Laboratory Testing Industry Share by Revenue (2008E)
US Laboratory Testing Industry by Type of Tests (2007)
CLIA Accredited Laboratories in US (1993-2007)
Europe Diagnostics Industry by Segment (2007)
Switzerland Laboratory Industry by Types of Labs (2007)
Australian Medicare Pathology Industry (2005-07)
Australian Pathology Industry Share (2008E)
Australian Pathology Revenue Industry Share Growth (2006-09E)
US Laboratory Revenue Industry Share by Payers (2008E)
Clinical Laboratory Market Revenue/Pricing per Accession by Payor (2007)
US Aging Population Growth (2000-08)
US Healthcare Expenditure Growth (2000-08P)
US Personal Healthcare Expenditure on Physicians & Clinics (2000-08)
Sales Growth of Quest Diagnostics (2004-08)
Sales Growth of LabCorp (2004-08)
Sales Growth of Sonic Healthcare (2004-08)
Sales Growth of Healthscope (2004-08)
US Clinical Laboratory Testing Industry Projection (2009-12E)
