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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 sections or scroll below to view available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Medical Laboratories  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Key statistics
  • Market size and characteristics
  • Current performance
  • Competitive landscape
  • Major companies
  • Key risk and success factors
  • Five-year growth forecast

Merion Matters, Inc.
ADVANCE for Laboratory

Monthly publication features news and information for laboratory professionals, with special features including a biennial salary survey which provides compensation data by age, gender, discipline, and region for positions such as administrative director/manager, section supervisor, chief technologist, bench technologist, medical lab technician, testing coordinator, and information systems specialist.

First Research

Medical & Diagnostic Laboratories
First Research profiles cover key aspects of an industry's size, scope, and operations, and include a five-year revenue growth forecast. Profiles are updated quarterly and include:
  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast

G-2 Intelligence
Laboratory Industry Report

Semimonthly trade publication features news and information for the diagnostic laboratory industry, with topics covered in various issues of this publication including business strategies and advice, comparative pricing and volume data, operational benchmarks, regulatory matters and proposed legislation, earnings and performance data for publicly-held labs, and mergers and acquisitions.

American Association for Clinical Chemistry
Clinical Laboratory News

Monthly trade publication features news and information for laboratory professionals employed by high-volume clinical laboratories, with topics covered in various issues of the publication including global health issues, diseases, disorders, testing methods, delivery methods, patient types, lab management, specializations, informatics, technology, and government and regulatory issues.

GIA Research
Clinical Laboratory Services

Market research report provides in-depth analysis of this healthcare sector in the U.S. and selected other countries, with data provided including historical and forecast sales by type of lab facility (e.g., hospital-based, independent, and physician office) and selected players profiled including ARUP Laboratories, Laboratory Corporation of America Holdings (LabCorp), and Quest Diagnostics.

Transparency Market Research
Clinical Laboratory Services Market

Market research report analyzes the clinical lab services market sector on a global basis, with data provided including forecast revenue by test type (e.g., clinical chemistry, microbiology and cytology, human and tumor genetics, and other esoteric) and type of lab facility (hospital-based, clinic-based,
and stand-alone) and firms profiled including LabCorp, Quest Diagnostics, and Sonic Healthcare.

Financial Benchmarking Data

Industry Financial Ratios
Medical Laboratories  Search for "621511"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios

National Independent Laboratory Association | American Association of Bioanalysts
GWU National Survey of Independent and Community Clinical Laboratories

Financial characteristics section of the survey provides data on operating revenue and requisition and service volume by payer (e.g., Medicare A/B/Advantage, Medicaid, private, and other) and client type (e.g., physicians, hospitals, nursing homes/skilled nursing facilities, home healthcare agencies, and community health centers), operating expenses, average profit margin, and workforce composition.

Compensation Surveys

American Society for Clinical Pathology
Wage Survey of U.S. Clinical Laboratories

Annual wage survey provides compensation data for laboratory staff and supervisory personnel, with wage data broken out by occupation, job level, certification, type of facility, and geographic area, with lab facilities covered in the survey including hospital (categorized by number of beds), reference or independent, physician's office, outpatient clinic, academic, private, pathologist, and blood center.

ADVANCE for Laboratory
Lab Salary Survey

Biennial salary survey provides annual salary and hourly rate data for laboratory professionals by age, gender, discipline (e.g., blood bank, clinical chemistry, hematology, microbiology, and pathology), and geographic region, with job positions covered in the survey including administrative director/manager, section supervisor, bench technologist, medical lab technician, and point-of-care testing coordinator.

Medical Laboratory Observer
MLO Annual Salary Survey

Annual salary survey provides compensation data for laboratory personnel, with salary data broken
out by gender, education, number of continuing education classes per year, type of lab facility (e.g., hospital, independent, physician office, group practice, government/public health, medical school, blood bank, and HMP/PPO), years in industry, years with current employer, and geographic region.

Business Valuation Resources

Small Business Valuation Multiples

Medical Testing Laboratories

Comprehensive reference guide provides market-based business valuation multiples for firms that perform analytical or diagnostic test procedures on body fluids (e.g., blood) or tissues (e.g., biopsy specimens) for health care providers or for patients upon referral from health care practitioners.