Clinical Laboratory Services (Markets, Growth Opportunities, Competitive Analysis and Competitor Profiles), provides an in-depth market overview, a total market analysis, analysis by laboratory type, and by routine and specialty testing and a review of the latest trends driving growth. Revenues and forecasts presented are for the U.S. market. Key international markets are discussed as well.
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Clinical laboratories are an essential part of the health industry. It is estimated that approximately 80% of physician's diagnoses are a result of laboratory tests. The constant pressure to reduce healthcare spending is shifting healthcare utilization in favor of the laboratory, making it an ever more valuable part of the treatment plan. As hospital stays are shortened, contact between the physician and patient is reduced, which places a larger role on labs to gather, interpret, and deliver accurate information to the physician in a timely manner. We can expect to see an increase in the number of clinical labs, particularly in the independent sector, as these trends continue to influence the industry.
Since the last time Kalorama Information studied this market two years ago, there have been substantial changes in the industry, including changes in market share as major companies eat into regional labs, new competitors enter the marketplace, and new specialty tests are developed and priced.
Clinical Laboratory Services (Markets, Growth Opportunities, Competitive Analysis and Competitor Profiles), provides an in-depth market overview, a total market analysis, analysis by laboratory type, and by routine and specialty testing and a review of the latest trends driving growth. Revenues and forecasts presented are for the U.S. market. Key international markets are discussed as well.
Key market data provided includes:
• Hospital, Physician and Independent Lab Statistics
• Major Tests Performed by Clinical Lab Companies
• Disease Incidence and Trends Driving Lab Business
• Market Forecast to 2014
• Market Breakdown by Lab Type (Hospital, Physician, Independent)
• Market Breakdown by Test Type (Specialty, Routine)
• Market Share of Competitors
• Competitive Analysis of Leading clinical Lab Providers
The issues and trends which are fueling growth:
A trend towards preventive and risk factor testing has been noted in several disciplines, particularly in the areas of oncology, endocrinology, and gynecology. Physicians in these areas are taking full advantage of testing for early detection and disease prevention. Some of the other issues and trends explored in this study include:
• U.S. Demographics
• Types of Specialty Tests
• Growing Competition
• Increasing Life Expectancy
• Growing Incidence of Disease
• New Product Offerings
• Regulatory Environment
• Insurance and Reimbursement
• Payer Types
• Developments in Personalized Medicine
A competitive analysis of leading clinical laboratory providers includes:
• Quest Diagnostics, Inc.
• Laboratory Corporation of America (LabCorp)
• Genomic Health
• Genoptix, Inc.
• Genzyme Corporation
• DaVita
• Clarient, Inc.
• Spectra Laboratories
• Bio-Reference Laboratories
Our methodology:
The information in this report is the result of interviews with executives and market experts, as well as thorough research of secondary sources such as company literature, trade publications and medical and business journals. The emphasis Kalorama puts on primary research guarantees that new insights will be uncovered that are not available from any other source. The most important part of Kalorama's efforts is its superior analysis of company activities and their true significance in the marketplace.
All market data pertains to the world market at the manufacturers’ level. The base year for data was 2009. Historical data was provided for the years 2006, 2007 and 2008, with forecast data provided for 2010 through 2014. Compound annual growth rates (CAGRs) are provided for the 2006-2009 and 2009-2014 periods for each segment covered. A competitive analysis is provided for the year 2009. The forecasted market analysis for 2010-2014 was largely based on demographic trends, new developments, company performance trends, mergers and acquisitions, and national expansion.
CHAPTER ONE: EXECUTIVE SUMMARY
Industry at a Glance
Scope and Methodology
Size and Growth of the Market
Key Issues and Trends Affecting the Market
Leading Market Participants
CHAPTER TWO: INDUSTRY OVERVIEW, REGULATION AND TRENDS
Clinical Laboratory Description
Testing and Services
Routine Testing
Blood Cell Count
Cholesterol Level Testing
HIV Testing
Anti-HIV-1 Oral Specimen Collection Device
Anti-HIV-1 Testing Service
Nucleic Acid Testing
Human Immunodeficiency Virus Type 1 (Anti-HIV-1 Assay)
Human Immunodeficiency Virus Types 1 & 2 (Anti-HIV-1/2 Assay)
Pap Testing
Pregnancy Testing
Substance Abuse Testing
Urinalysis
Specialty Testing
Endocrinology
Esoteric Testing
Genetics
Immunology and Molecular Microbiology
Oncology
Serology
Toxicology
Industry Structure
Hospital-based Laboratories
Physician-office Laboratories
Independent Clinical Laboratories
Incidence of Diseases
Demographics
Population Over Age 65
Life Expectancy
Regulatory Overview
Certificate of Waiver
Certificate of Provider-Performed Microscopy Procedures (PPMP)
Certificate of Compliance and Certificate of Accreditation
States Exempt from Federal Clinical Laboratory Improvements Amendments (CLIA) of 1988
Insurance and Reimbursement
Laboratory Service Payer Types
Trends in Medicare Reimbursement
Commercial Insurance Providers
New Developments in Information Technology
International Markets and Trends
CHAPTER THREE: LEADING MARKET PARTICIPANTS
Summary
Quest Diagnostics, Inc.
Company Overview
Performance Review
Key Acquisitions, Alliances, and Partnerships
Products and Services
Growth Strategy
Business Locations
Laboratory Corporation of America
Company Overview
Performance Review
Key Acquisitions, Alliances, and Partnerships
Products and Services
Growth Strategy
Locations
Genzyme Corporation
Company Overview
Performance Review
Key Acquisitions, Alliances, and Partnerships
Products and Services
Growth Strategy
Locations
DaVita, Inc.
Company Overview
Performance Review
Key Acquisitions, Alliances, and Partnerships
Products and Services
Growth Strategy
Locations
Clarient, Inc.
Company Overview
Performance Review
Key Acquisitions, Alliances, and Partnerships
Products and Services
Growth Strategy
Locations
Spectra Laboratories
Company Overview
Key Acquisitions, Alliances, and Partnerships
Products and Services
Growth Strategy
Locations
Bio-Reference Laboratories
Company Overview
Performance Review
Key Acquisitions, Alliances, and Partnerships
Products and Services
Growth Strategy
Locations
Genomic Health, Inc.
Company Overview
Performance Review
Key Acquisitions, Alliances, and Partnerships
Products and Services
Growth Strategy
Locations
Genoptix, Inc.
Company Overview
Performance Review
Key Acquisitions, Alliances, and Partnerships
Products and Services
Growth Strategy
Locations
CHAPTER FIVE: MARKET ANALYSIS
Market Overview
Market Analysis by Laboratory Type
Market Analysis by Test Type
Competitive Analysis
APPENDIX: COMPANY DIRECTORY
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