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Medical Laboratories

SIC 8071  /  NAICS 621511 

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.

Select from the following page sections or scroll down the page below for a complete listing of all available resources:

Industry Overview, Issues, Trends, and Outlook

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources



For resource guides specific to other industries, see Industry Information Resources which covers over 400 individual industries.



Industry Overview, Issues, Trends, and Outlook


Medical and Diagnostic Laboratories
http://www.firstresearch.com
Profiles cover key aspects of an industry's size, scope, and operations, recent news and developments, industry trends, risks, and opportunities, and include a five-year industry forecast. Profiles are updated quarterly and include:


Washington G-2 Reports
Information resources available from this organization include:

Laboratory Industry Report
http://www.g2reports.com/issues/LIR/
Monthly trade publication features news and information for the diagnostic laboratory industry, with topics covered including operational and financial trends, regulatory updates, industry forecasts, mergers and acquisitions, and more.

Lab Industry Analysis: Test Volumes, Revenues, and Category Leaders
http://www.g2reports.com/issues/SPCRPT/
Report provides a comprehensive analysis of the diagnostic laboratory industry, with topics covered including market size and structure; growth in the laboratory industry; demographics and the laboratory industry; and state profiles of hospital and commercial laboratory facilities. Detailed table of contents can be viewed free online.


Diagnostic and Medical Laboratories
http://www.ibisworld.com
Reports provide in-depth industry analysis and a five-year industry growth forecast, with special focus on the underlying structure and external forces and relationships that affect an industry and its performance. Report sections include:

Sample industry report is available free online.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Medical and Clinical Laboratory Personnel
http://www.bls.gov/medical-and-clinical-laboratory-technologists-and-technicians.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Industry Market Research Reports
http://www.marketresearch.com  Search for specific terms or keywords
In-depth business market research reports include information on market size and market segmentation; marketing strategy; product and market forecasts; business trends, risks, and opportunities; key participant profiles; market share data; and more. Summary abstract and detailed table of contents for each market research report is accessible free online.

Industry Market Analysis Reports
Medical Laboratories
http://www.bizminer.com  Search for "621511"
Industry statistics for medical laboratories include industry sales and sales trends, market size and market share by sales class, average company sales and sales per employee, staffing and employment trends, business start up activity and failure rates, and other business statistics on a national, state, and metropolitan area level. Sample market analysis reports can be viewed free online.

More Industry Research and Analysis
For more business research and analysis available from Standard & Poor's, Freedonia Group, Euromonitor, and other sources—including key business statistics, market research and analysis, and business trends and forecasts for a wide range of industries, see Industry Overview, Issues, Trends, and Outlook.




Financial Information and Financial Ratios


Industry Financial Ratios
Medical Laboratories
http://www.bizminer.com  Search for "621511"
Five-year comparative financial statement analysis includes income statements with expense detail, balance sheets, cash flow statements, and key business and financial ratios for medical laboratories. Reports are available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample financial reports with detailed financial ratio analysis can be viewed free online.

More Industry Financial Analysis
For more business financial information and analysis available from Integra Information, RMA Annual Financial Statement Studies, and other sources—including financial statements, financial ratios, and other key performance indicators and benchmarks for a wide range of industries, see Industry Financial Information and Financial Ratios.





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Compensation and Salary Surveys


American Society for Clinical Pathology
Wage Survey of U.S. Clinical Laboratories
http://www.ascp.org/Functional-Nav/Career-Center
Annual wage survey provides compensation data for clinical laboratory staff and supervisory personnel, and includes analysis of the impact of type of facility, geographic location, and level of certification on average compensation for various job positions. Feature article summarizing the survey results can be viewed free online.

ADVANCE for Medical Laboratory Professionals
Salary Survey
http://laboratorian.advanceweb.com/  Search for "salary survey"
Annual salary survey provides compensation data for medical laboratory professionals by job title, age, gender, specialty, employment setting, and geographic region. Current and prior year surveys can be viewed free online.

ERI Economic Research Institute
Health Care Laboratory and Support Services Salary Survey
http://salary-surveys.erieri.com/
Salary survey provides compensation data for executive, management, and hourly personnel on a national and state level by company size. Complete listing of job positions included in the survey and sample pages for selected job positions are accessible free online.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Medical and Clinical Laboratory Personnel
http://www.bls.gov/medical-and-clinical-laboratory-technologists-and-technicians.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Officer Compensation Expense
See "BizMiner Industry Financial Ratios" above for report including this data.
Five-year comparative financial analysis details officer compensation expense in both dollars and as a percentage of sales. Available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample financial reports can be viewed free online.

More Compensation and Salary Data
For more compensation and salary survey data available from ERI Economic Research Institute, PayScale, Salary.com, and other sources—including average salary, salary range, incentive compensation, and employee benefits information for a wide range of jobs and industries, see Compensation and Salary Surveys.





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Business Valuation Resources


Levin Associates
The Health Care Acquisition Report
http://www.levinassociates.com/hardescription
Annual survey provides an in-depth review of merger and acquisitions in the health care market, with sectors covered including hospitals; managed care; behavioral health; physician medical groups; rehabilitation; and laboratories, MRI, and dialysis. Abstract containing table of contents, preface, and selected excerpts can be viewed free online.

Small Business Valuation Formula Multiples
Medical Testing Services
http://valuationresources.com/Misc/ValuationMultiples.htm
Report provides small business valuation formula multiples for medical testing services and more than 200 other industries. Valuation multiples are derived from market transactions as reported by BIZCOMPS®, with the primary focus on small companies priced at less than $1 million.

BVMarketData
Private Company Sales Transactions Databases
Pratt's Stats®  http://www.bvmarketdata.com/PSAdvSearch.asp
BIZCOMPS®  http://www.bvmarketdata.com/BIZAdvSearch.asp
Free "Visitor Search" allows users to search thousands of private company sales transactions by SIC Code, NAICS Code, or business description for comparable business sale transaction data, including revenue, earnings, and EBITDA multiples. Data can be purchased as a single report or by subscription.


More Business Sale Transaction Data
For more business sale transaction data available from BizBuySell®, Done Deals, Mergerstat, Public Stats™, and other sources for a wide range of industries, see Business Valuation Multiples and Merger & Acquisition Transaction Data.



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