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

  • June 2017
  • 44 pages
  • Ibisworld
Report ID: 199145

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Good results: The industry will benefit from increasing demand from an aging population

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 sector, 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. In the five years to 2022, the industry will benefit from scientific advances that yield new and improved service capabilities, coupled with the aging US population requiring more laboratory testing and diagnostic imaging services.

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.

MAJOR COMPANIES
- Laboratory Corporation of America Holdings
- Quest Diagnostics Inc.

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