Major Group SIC 8071 - Medical Laboratories

SIC 8071 - Medical Laboratories

SIC 80 - Health Services
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- SIC 807 - Medical And Dental Laboratories
  SIC 801 - Offices And Clinics Of Doctors Of Medicine SIC 802 - Offices And Clinics Of Dentists SIC 803 - Offices And Clinics Of Doctors Of Osteopathy SIC 804 - Offices And Clinics Of Other Health Practitioners SIC 805 - Nursing And Personal Care Facilities SIC 806 - Hospitals SIC 807 - Medical And Dental Laboratories SIC 808 - Home Health Care Services SIC 809 - Miscellaneous Health and Allied Services, Not Elsewhere Classified
  - SIC 8071 - Medical Laboratories
    SIC 8071 - Medical Laboratories SIC 8072 - Dental Laboratories

Establishments primarily engaged in providing professional analytic or diagnostic services to the medical profession, or to the patient on prescription of a physician.

Industry trends:

Medical Laboratories, categorized under NAICS 8071, are experiencing significant qualitative trends driven by advances in technology and shifts in patient care models. One notable trend is the heightened adoption of artificial intelligence (AI) and machine learning (ML) for diagnostics, data analysis, and predictive analytics. Laboratories are increasingly integrating AI to enhance accuracy, efficiency, and the ability to handle large datasets, which is essential for personalized medicine.

Another trend is the growing demand for remote and point-of-care testing. The COVID-19 pandemic has accelerated the acceptance of decentralized testing models, allowing patients to receive diagnostics outside traditional lab settings. This shift is coupled with advancements in telemedicine, enabling more comprehensive remote patient monitoring and quicker turnaround times for test results.

Additionally, laboratories are placing greater emphasis on data security and interoperability. As lab information systems (LIS) become more sophisticated, ensuring secure, compliant, and seamless data exchange across platforms and healthcare entities is paramount. This trend reflects an overarching move towards integrated and holistic patient care.

Looking ahead, the medical laboratory industry expects continuous growth in genomic testing and precision medicine. Innovations in genomics are paving the way for more tailored treatment plans, necessitating advanced laboratory capabilities. Furthermore, there is an anticipated increase in collaborative efforts between labs and biopharma companies to support drug development and clinical trials.

Overall, the convergence of technology advancement, patient-centric care models, and a focus on data integrity will shape the trajectory of medical laboratories in the near future.

This industry is comprised of:

Bacteriological laboratories (not manufacturing)

Biological laboratories (not manufacturing)

Blood analysis laboratories

Chemists, biological: (not manufacturing) laboratories of

Dental laboratories, X-ray

Medical laboratories, clinical

Pathological laboratories

Testing laboratories, medical: analytic or diagnostic

Urinalysis laboratories

Explore related industries:

SIC 2835 - In Vitro And In Vivo Diagnostic Substances SIC 3826 - Laboratory Analytical Instruments SIC 8734 - Testing Laboratories

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