Market Overview

2018 Laboratory Market Report - Precision Medicine Market Projected to Exceed $2 Billion by 2022 -


The "2018
Laboratory Market Report"
report has been added to's

The 2018 Laboratory Market Report looks at market growth and
opportunities across major market segments; including hospital labs,
physician office labs, and reference labs.

The report also examines clinical trends including molecular testing,
genetic testing, and companion diagnostics.

Key Findings

  • The medical laboratory testing market valued at $79 billion in 2017
  • Reimbursements cut for 75% of tests on the 2018 Clinical Laboratory
    Fee Schedule by the Center for Medicare and Medicaid Services
  • Genetic testing market grew 150% from 2012-2016

Key Topics Covered

  1. Executive Summary
  2. Laboratory Market Overview
  3. Hospital Lab Market Valued At $47 Billion
  4. Hospital Lab Test Volumes Increase Five Consecutive Quarters
  5. POL Market Grows $300 Million In 2017
  6. POLs Make Up Nearly Half Of U.S. Laboratories
  7. Drug Testing Spurs Growth In Number Of POLs
  8. Quest Diagnostics, LabCorp Are Nearly Half Of Reference Lab Market By
  9. LabCorp Increases Per Test Revenues
  10. LabCorp Revenues 13.5% Higher Than Quest In 2017
  11. Number Of Post-Acute Labs Up 12.5% From 2011 - 2018
  12. CMS Relies Heavily On Reference Lab Data To Set Rates
  13. Number Of CLFS Codes Up 18.4% From 2010
  14. 75% Of Tests On CLFS To Receive Medicare Reimbursement Cuts Under PAMA
  15. 20 Largest Payment Increases Under PAMA
  16. 20 Largest Payment Decreases Under PAMA
  17. Labs Work To Support Value Based Care Models
  18. Medicare Spending On Lab Testing Down $200M From 2015-2016
  19. Medicare Spending By Test
  20. Drug, Molecular Pathology Testing Have Largest Medicare Spending
  21. Payment, Coding May Differ Between Test Categories
  22. POLs Most Vulnerable To Changes In Medicare Reimbursement
  23. Lab Tech Investment Benefits Hospitals
  24. Lab Work Most Helpful Aspect Of EHR
  25. Companion Diagnostics Compliment Pharmaceutical Therapy
  26. Precision Medicine Market Projected To Exceed $2 Billion By 2022
  27. Molecular Diagnostics Offer Early Detection
  28. Syndromic Panel Testing: Multiple Diagnoses In One Test
  29. Syndromic Panels May Lower Testing Costs
  30. Majority Of Genetic Tests Are Single-Gene
  31. Rapid Growth In Number Of Genetic Tests
  32. Genetic Testing Could Reduce Treatment Costs
  33. Genomic Testing Costs Rapidly Decline
  34. Top 25 Tests Total 63% Of Medicare Lab Spend
  35. Lab Supplies Purchased Through Distribution
  36. Price Transparency Has No Impact On Clinician Test Ordering
  37. GHX Market Breakdown Of Clinical Laboratory-Related Product Categories
    Sold Through Distribution
  38. GHX Lists Clinical Laboratory Products Sold Through Distribution
  39. Definitions

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