Medical & Diagnostic Laboratories Industry: Statistics, Forecasts, and Company Data
Medical & Diagnostic Laboratories - Market Size and Industry Forecast
The 2023 Medical and Diagnostic Laboratories Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the medical & diagnostic laboratories industry.
| Historical | Forecasted |
|---|
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|
| Market Size (Total Revenue) | 
|
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial data.Industry Revenue ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Medical & Diagnostic Laboratories - Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Medical & Diagnostic Laboratories companies in the United States.
Medical & Diagnostic Laboratories Revenue by State
Distribution by Company Size
| Company Size | All Industries | Medical & Diagnostic Laboratories |
|---|
| Small Business (< 5 Employees) |
|
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Medical & Diagnostic Laboratories - Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue |
|
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Medical & Diagnostic Laboratories - Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios |
|
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Medical & Diagnostic Laboratories - Product Mix
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total |
|
| Patient care |
| All other operating receipts |
| Rental or lease of goods and/or equipment |
| Rental or lease - medical equipment |
| Resale of merchandise |
| Resale - all other medical equipment & supplies |
| Resale - all other merchandise |
| Resale - pharmaceuticals |
| Rental or lease - all other goods and/or equipment |
Medical & Diagnostic Laboratories - Compensation and Salary Surveys
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 5% |
|
| Chief Executives | 0% |
| General and Operations Managers | 1% |
| Healthcare Practitioners and Technical Occupations | 39% |
| Health Technologists and Technicians | 35% |
| Clinical Laboratory Technologists and Technicians | 22% |
| Diagnostic Related Technologists and Technicians | 12% |
| Radiologic Technologists | 6% |
| Healthcare Support Occupations | 19% |
| Other Healthcare Support Occupations | 19% |
| Miscellaneous Healthcare Support Occupations | 19% |
| Phlebotomists | 16% |
| Office and Administrative Support Occupations | 24% |
| Information and Record Clerks | 8% |
Government Contracts
In the past, the federal government spent an annual total of
$308,916,821 on the medical & diagnostic laboratories industry. It has awarded 5,616 contracts to 677 companies, with an average value of $456,303 per company.
Medical & Diagnostic Laboratories and Adjacent Industries - Top Companies
| Company | Address | Revenue
($ Millions) |
|---|
|
