Market Overview

Laboratory Economics Issues Research Report on U.S. Clinical Laboratory Testing Market

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POUGHKEEPSIE, N.Y., Aug. 14, 2018 (GLOBE NEWSWIRE) -- Get ready for some major market challenges ahead in the $97 billion U.S. lab industry according to a new research report, "The U.S. Clinical Laboratory Industry Forecast & Trends 2018-2020" published by Laboratory Economics.

Among the counter-intuitive findings: growth in the physician office lab market is outpacing both hospital and independent labs. Some emerging market trends to watch out for: hospital-based labs may be in the strongest position to fend off pricing pressure from private payers, given the substantial negotiating leverage they have as part of large health systems; and with Medicare rate cuts of 10% per year scheduled for 2018-2020, look for the nation's two largest commercial labs (Quest Diagnostics and LabCorp) to seek out acquisitions that diversify their revenues and lower risk.

The report includes:

  • More than 120 charts and graphs
  • Industry size and growth rates
  • Medicare claims data for key laboratory codes
  • Hospital laboratory cost report data for more than 500 hospitals
  • Top 50 hospital-based outreach labs by Medicare CLFS payments
  • Key mergers, acquisitions and joint ventures
  • Laboratory Economics' exclusive Private-Payer Reimbursement Survey Results

Also included in the 160+ pages of proprietary research are detailed analyses of lab markets in 25 key MSAs, including Atlanta, Chicago, Dallas, Los Angeles, Miami and New York City.

Among the hundreds of clinical lab companies highlighted in the report are: ACL Laboratories, ARUP Laboratories, Aurora Diagnostics, Bio-Reference Labs, Enzo Clinical Labs, Florida Hospital Labs, Genomic Health, Health Network Labs, Joint Venture Hospital Labs, LabCorp, Mayo Medical Labs, Millennium Health, Myriad Genetics, NeoGenomics, Northwell Health Labs, PathGroup, Quest Diagnostics, Sonic Healthcare USA, Sonora Quest Labs, TriCore Reference Labs and Wisconsin Diagnostic Labs.

The U.S. Clinical Laboratory Industry Forecast & Trends 2018-2020 is published by Laboratory Economics (www.laboratoryeconomics.com), an independent market research firm focused exclusively on the business of pathology and laboratory medicine.

Contact Information
Jondavid Klipp, President
Laboratory Economics
195 Kingwood Park
Poughkeepsie, NY 12601
Phone: 845-463-0080
www.laboratoryeconomics.com

 

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