Medical & Diagnostic Laboratories Industry · Market Research Report

Medical & Diagnostic Laboratories · Market Size and Industry Forecast

Pell Research's medical and diagnostic laboratories report analyzes current industry size and predicts future trends. It provides overall industry revenue from 2014 through the present, and predicts industry growth and decline through 2024. Total revenue includes both public and private companies.

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Market Size (Total Revenue)

Included

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government data.

Industry Revenue ($ Billions)

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


Historical market size and five-year projections show growth trends in industry sales and revenue. This economic model is based on short- and long-term trends. The industry size is determined by total revenue generated within the industry from all products and services sold. Growth and decline in the industry shows total opportunity for companies. The medical & diagnostic laboratories research report reveals both the historical trends and five-year forecast, calculated by Pell Research's econometric models. Market share, measured in billions of dollars, includes both public and private companies. Use this information to identify industry trends and predict future growth patterns.

Medical & Diagnostic Laboratories · Geographic Breakdown by State

Market size by state is used to evaluate local opportunity and measure the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Use data by state to pinpoint profitable and nonprofitable locations for medical & diagnostic laboratories companies in the U.S.

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)

Included

Small Business (5-20)
Midsized Business (20-100)
Large Business (100-500)
Enterprise (> 500)

Medical & Diagnostic Laboratories · Income Statement (Average Financial Metrics)

Pell Research analyzes financial statements to determine the industry average 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

Included

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

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Medical & Diagnostic Laboratories · Financial Ratio Analysis

Financial ratios allow you to compare how a business is performing against its peers.

Financial RatioIndustry Average
Profitability Ratios

Included

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

Included

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%

Included

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 Industry Report
Geography United States  
Publication Date May 2019
Report Format PDF Download  
Price $500

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