This 78-page 2024 Medical Laboratories Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2015-2028.
This report is full of industry insights including historical and forecasted market size, revenue and industry breakdowns by product lines, size of company, concentration segmentation, business structure, customer type, state and MSA, profitability, financial ratios, balance sheet benchmarks, BCG matrix, extensive statistics by state and MSA, operating expense details, workforce composition, industry consolidation analysis, sector benchmarks, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on numerous industry statistics including companies, locations, employees, pay, and much more.
The Medical Laboratories industry includes companies known as medical laboratories primarily engaged in providing analytic or diagnostic services, including body fluid analysis, generally to the medical profession or to the patient on referral from a health practitioner. These laboratories primarily do blood analysis, medical pathology, bacteriology, medical testing and medical forensics.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, industry analysis, benchmarking, forecasting, strategic planning, market analysis, due diligence, valuation, sales & marketing strategy, operational streamlining, organizational strategy, evaluating opportunities, and many other analyses.
Review the 78-page table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Purchase this report to unlock the insight from one of the most trusted research firms.
This report is full of industry insights including historical and forecasted market size, revenue and industry breakdowns by product lines, size of company, concentration segmentation, business structure, customer type, state and MSA, profitability, financial ratios, balance sheet benchmarks, BCG matrix, extensive statistics by state and MSA, operating expense details, workforce composition, industry consolidation analysis, sector benchmarks, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on numerous industry statistics including companies, locations, employees, pay, and much more.
The Medical Laboratories industry includes companies known as medical laboratories primarily engaged in providing analytic or diagnostic services, including body fluid analysis, generally to the medical profession or to the patient on referral from a health practitioner. These laboratories primarily do blood analysis, medical pathology, bacteriology, medical testing and medical forensics.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, industry analysis, benchmarking, forecasting, strategic planning, market analysis, due diligence, valuation, sales & marketing strategy, operational streamlining, organizational strategy, evaluating opportunities, and many other analyses.
Review the 78-page table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:
INDUSTRY SIZE
- In 2023, industry sales were $52 billion
- Purchase now for historicals (2015-2023) and forecasts for 2024 and the next 5 years
INDUSTRY GROWTH
- Over the past 5 years, the industry has grown at an annual rate of 6.4%
- The report has historical, annual and forecasted growth rates
COMPANY GROWTH
- There are 3,306 companies in the industry
- Learn more about the historical and forecasted industry composition
SALES PER COMPANY
- In 2023, the average sales per company was $15.7 million
- Purchase now for historical and forecasted sales per company
- INFLATION & PRICING
- Inflation has averaged 2.8% over the past 5 years
- The report has historicals (2015-2023), 4 years of monthly figures, and 2024 & 5-year forecast
PROFITABILITY
- For unprofitable companies, the average net loss is -10.2%
- The report has more on market and profitability dynamics
RIGHTSIZING ANALYSIS
- Employee productivity is $268,569
- Learn more about historical and forecasted employee productivity
EXPENSE BENCHMARKING
- 3.5% of expenses is spent on health insurance
- Benchmark against 24 other expense categories
OPERATING EXPENSES
- In 2023, industry operating expenses grew 1.9%
- Purchase now for historical and forecasted OPEX
PAYROLL BY STATE
- California averages $89,548 in payroll per employee
- Purchase now for payroll stats on other states
JOB CATEGORIZATION BENCHMARKS
- 5.1% of employees in the industry are in management positions
- Benchmark against 25 other job categories
JOB CATEGORIZATION PAY RANGES
- The average industry hourly pay for office and administrative jobs is $19.74
- Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 26 job categories
Purchase this report to unlock the insight from one of the most trusted research firms.
Table of Contents
OVERVIEW
Industry Growth Details
Growth Benchmarks
Revenue by Product Lines
BCG Income vs Revenue Growth Matrix
Total Revenue by Industry Segments
Total Revenue per State
Revenue per Capita by State
Revenue per Company by Industry Segment
Revenue per Location by Industry Segment
Revenue per Location by State
Industry Segmentation by Business Size
Industry Consolidation Analysis
Industry Consolidation Benchmarks
Industry Segmentation by Top 50 Companies
Sector Concentration Benchmarks
Industry Segmentation by Business Structure
Pricing & Inflation
Service Subsector Growth
Service Subsector Analysis
Service Subsector Analysis
Profitability & Financial Ratio Analysis
Balance Sheet Benchmarks
Operating Expenses
Operating Expenses by Company & Location
Operating Expense Detail
Productivity & Industry Employment
Employee Productivity by Segments
Employee Productivity by State
Employee Productivity per MSA
Industry Payroll
Workforce Composition Benchmarks
Job Categorization Pay Ranges
Top 20 Jobs Breakdown
Pay Ranges of Top 20 Jobs
Payroll per Company by Segments
Payroll per Location by Segments
Payroll per Employee by Segments
Payroll per Employee by State
Employees per Company by Segments
Employees per Company by Segments
Total Employment by State
Population to Every Employee by State
Locations per Company by Segments
Samples
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Methodology
The industry market research reports are based on annual business surveys submitted by companies in the industry covering extensive financial and operating topics such as revenue, costs, labor, profitability, capital, product lines, operations, locations, and wages.
The analysts utilize the historical data from the business surveys as a foundation for forecasts and apply the data to proprietary econometric models that adjust for macro, economic, cyclical, and industry trends and influences.
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