NAICS 6215 - Medical and Diagnostic Laboratories
This industry comprises establishments known as medical and diagnostic laboratories primarily engaged in providing analytic or diagnostic services, including body fluid analysis and diagnostic imaging, generally to the medical profession or to the patient on referral from a health practitioner.
Industry trends:
Within the NAICS 6215, Medical and Diagnostic Laboratories, several qualitative trends have recently emerged. There is a significant shift towards personalized medicine, driven by advances in genomics and molecular diagnostics. This trend is enabling tailored treatment plans based on individual genetic profiles, improving patient outcomes and fostering more efficient health care.
Digital transformation is another critical trend, with laboratories increasingly adopting electronic health records (EHRs), artificial intelligence (AI), and machine learning algorithms to enhance data accuracy and diagnostic capabilities. The integration of telemedicine and remote diagnostic services is expanding access to laboratory services, especially in underserved or rural areas.
Patient-centric approaches, such as home-based diagnostic testing and point-of-care testing, are gaining traction. These methods offer convenience and quicker results, aligning with the broader healthcare emphasis on preventive care and early diagnosis.
Looking ahead, the industry is expected to see continued investment in advanced diagnostic technologies, such as next-generation sequencing (NGS) and CRISPR. Additionally, regulatory environments are evolving to accommodate the rapid advancements in laboratory sciences, which may lead to more streamlined approval processes for new diagnostic tools.
As these trends unfold, laboratories that embrace innovation and patient-centric models are well-positioned to thrive in the near future, addressing the growing demand for precision health solutions.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.