Medical & Diagnostic Laboratories Industry - Market Research, Industry Statistics, Company Data

Medical & Diagnostic Laboratories - Market Size and Industry Forecast

The Medical and Diagnostic Laboratories market research report contains both historical and forecasted industry statistics. Total market size revenues from 2014 through 2024 reveal industry growth patterns and trends. Market size figures include both public and private companies in the Medical & Diagnostic Laboratories industry.

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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.

Medical & Diagnostic Laboratories Industry Revenue ($ Billions)

Medical & Diagnostic Laboratories Industry Revenue
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020

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 Medical & Diagnostic Laboratories 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

Market Share by State

Medical & Diagnostic Laboratories - 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:
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

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



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 RatioIndustry Average
Profitability Ratios


Profit Margin
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

TitlePercent 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%

Medical & Diagnostic Laboratories - Government Contracts

In 2008, the federal government spent a 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)


Medical & Diagnostic Laboratories Industry Report
Geography United States  
Publication Date October 2019
Report Format PDF Download  
Price $499

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