NAICS 621511 - Medical Laboratories
This U.S. industry comprises establishments known as medical laboratories primarily engaged in providing analytic or diagnostic services, including body fluid analysis, generally to the medical profession or to the patient on referral from a health practitioner.
Industry trends:
The medical laboratories industry (NAICS 621511) is currently experiencing significant qualitative trends that are shaping its trajectory. One major trend is the increasing adoption of advanced technologies such as artificial intelligence and machine learning. These technologies are enhancing diagnostic accuracy and efficiency, leading to faster turnaround times for test results. Another trend is the rising demand for personalized medicine, which emphasizes tailored diagnostics and treatments based on individual genetic profiles.
Telemedicine and remote diagnostics are also gaining traction, a shift accelerated by the COVID-19 pandemic. This has led to a surge in demand for at-home testing kits and digital health platforms that can streamline lab services and offer convenience to patients. Additionally, there is an increased focus on preventive care and chronic disease management, driving the need for more comprehensive and frequent testing services.
In terms of market forecasts, the medical laboratories sector is expected to continue growing, driven by an aging population and an increase in chronic conditions. There will likely be more consolidation within the industry as larger players acquire smaller labs to expand their capabilities and geographic reach. Investment in automation and digital health technologies will be crucial for labs looking to maintain competitiveness and improve operational efficiencies.
This industry is comprised of:
Bacteriological laboratories, diagnostic
Bacteriological laboratories, medical
Biological laboratories, diagnostic
Blood analysis laboratories
Cytology health laboratories
DNA testing laboratories
Forensic laboratories, medical
Genetic testing laboratories
Laboratories, medical (except radiological, X-ray)
Laboratory testing services, medical (except radiological, X-ray)
Medical laboratories (except radiological, X-ray)
Medical pathology laboratories
Mycology health laboratories
Parasitology health laboratories
Pathological analysis laboratories
Pathology laboratories, medical
Testing laboratories, medical
Toxicology health laboratories
Urinalysis laboratories
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- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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